Silver Hammer Reports on Drilling Progress at the Silver Strand Project in Idaho
Silver Hammer Reports on Drilling Progress at the Silver
Strand Project in Idaho
Vancouver, British Columbia – August 15, 2022 – Silver Hammer M ining Corp. (CSE:
HAMR; OTCQB: HAMRF ) (the "Company" or "Silver Hammer" ) is pleased to announce that
the first drillhole of an 11-hole Phase II diamond drill program ("Phase II Drill Program”) has been
completed at its past-producing Silver Strand Project in Idaho.
The Phase II Drill Program, which is utilizing the Company’s es tablished underground drilling
station, is focused on expanding known silver-gold mineralizati on further down-dip, while also
testing the potential for additional mineralized chutes (see Figure 1). The Company has generated
priority targets based on a drone supported magnetic survey, Ph ase I drilling results, and the
integration of historical drilling data acquired from previous operators of the Silver Strand Project
(see Jan 26, 2022 news release).
“We are excited to return to our flagship project and move forward with our Phase II Drill Program
at Silver Strand. We have drillholes designed to test up to thr ee times as deep as our previous
phase of drilling and a series of other holes that will test th e system laterally with the aim of
discovering parallel chutes to the southeast of the main mine t rend,” stated President & CEO
Morgan Lekstrom. “We believe the potential for making additiona l discoveries at Silver Strand is
excellent and finding new high-grade zones of gold-silver miner alization would demonstrate the
large-scale potential we think is possible here.”
NISS, the Company’s drilling contractor, has begun drilling and successfully finished the first hole.
Approximately 1,100 meters of drilling is currently planned wit h ability to expand the program
depending on core observations and initial assay results. Silve r Hammer continues to use the
Company’s underground drilling station to deliver much better R OI per metre drilled. The Phase
II Drill Program is expected to last approximately seven weeks, with assay results to follow during
Q4/2022.
Figure 1. Planned Phase II Drilling at Silver Strand
Qualified Person
Technical aspects of this press release have been reviewed and approved by Philip Mulholland,
a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists,
a contractor of the Company and the designated Qualified Person under National Instrument 43-
101 Standards of Disclosure for Mineral Projects.
About Silver Hammer Mining Corp.
Silver Hammer Mining Corp. is a junior resource company advancing the flagship past-producing
Silver Strand Mine in the Coeur d’Alene Mining District in Idah o, USA, as well both the Eliza
Silver Project and the Silverton Silver Mine in one of the world’s most prolific mining jurisdictions
in Nevada and the Lacy Gold Project in British Columbia, Canada . Silver Hammer’s primary
focus is defining and developing silver deposits near past-prod ucing mines that have not yet
been adequately tested. The Company’s portfolio also provides e xposure to copper and gold
discoveries.
Disclaimer note: Mineralization hosted on adjacent and/or nearby properties is not necessarily
indicative of mineralization hosted on the Company’s projects.
On Behalf of the Board of Silver Hammer Mining Corp.
Morgan Lekstrom, President and CEO
Corporate Office: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada
For investor relations inquiries, contact:
Kristina Pillon, High Tide Consulting Corp.
For media inquiries, contact:
Adam Bello, Primoris Group Inc.
T: 416.489.0092
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements or forward-looking information under
applicable Canadian securities laws (hereinafter collectively referred to as "forward-looking
statements") concerning the Company's plans for its properties and mineral projects, financial
results, operations and other matters. Any statements that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future
events or performance are not statements of fact and may be forward-looking statements. Such
forward-looking statements made as of the date of this news release or as of the date of the
effective date of information described in this news release, as applicable.
Further, these forward-looking statements reflect management's current views and are based
on certain expectations, estimates and assumptions which may prove to be incorrect. A number
of risks and uncertainties could cause the Company's actual results to differ materially from those
expressed or implied by the forward-looking statements, including: (1) a downturn in general
economic conditions in North America and internationally. (2) the inherent uncertainties and
speculative nature associated with mineral exploration. (3) a decreased demand for precious
metals, (4) any number of events or causes which may delay exploration and development of
the property interests, such as environmental liabilities, weather, mechanical failures, safety
concerns and labour problems, (5) the risk that the Company does not execute its business plan,
(6) inability to finance operations and growth, (7) inability to obtain all necessary permitting and
financing, and (8) other factors beyond the Company's control. Although the Company has
attempted to identify important factors that could cause actual results to differ materially from
those contained in forward-looking statements, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that such information
will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not place undue reliance on
forward-looking statements contained in this news release or in certain of the other documents
on file with Canadian securities regulatory authorities, which are available on the Company's
SEDAR profile at www.sedar.com. The Company and its directors, officers and employees each
disclaim any obligation to update any forward-looking statements, whether as a result of new
information, future events or results or otherwise, except as required by applicable law.
Accordingly, readers should not place undue reliance on forward-looking statements due to the
inherent uncertainty therein. All forward-look ing statements are expressly qualified in their
entirety by this cautionary statement.
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