Corporate Update, Director Resignation
NEWS RELEASE
Silver Hammer Provides Update on Drill Targets, Permitting and AGM Details
Vancouver, British Columbia / March 4, 2022 – Silver Hammer Mining Corp. (CSE:
HAMR/OTCQB:HAMRF) (“Silver Hammer” or the “Company”) is pleased to provide
an update on ongoing targeting and permitting work at the Company’s Silver Strand and
Silverton Projects, respectively.
The Company has updated and refined its 3D model at its flagship Silver Stran d Project
with a series of proposed drillholes for a Phase II drill campaign that is designed to test
continuity up to 220 metres below the existing mine workings and a further 165 metres
down dip from Phase I drilling (see Figure 1).
The Company also con tinues to assess shallow targets along Silver Hammer’s 5.5
kilometre strike, where significant gold and silver surface samples were obtained during
successful 2021 field work. The Company is in active discussions with local contractors
and expects to commence its Phase II program during Q2/2022.
Figure 1. Planned Drill Targets at Silver Strand Project
*Proposed holes shown in figure correspond to up to 17 drill holes totalling 2200
metres. Silver Hammer will drill a subset of the proposed hotels during the Phase II
program.
Finally, the Company has applied for several drill permits at its Silverton Project in Nevada
and expects to have permits in place by the end of Q2/2022. R ecent sampling and
mapping highlighted an interpreted extension of known surface mineralization to the SW
under shallow cover , which prompted add itional staking to expand the property . (See
press release dated February 16, 2022 for more information).
Annual General Meeting
The Company also announces that its annual general meeting (the “AGM”) of
shareholders has been scheduled for Thursday, March 31, 2022 at the offices of McMillan
LLP located at Suite 1500, 1055 West Georgia Street, Vancouver, British Columbia. The
proxy materials for the AGM have been filed on SEDAR and include, among other general
matters, the election of the directors. Effective March 3, 2022, Mr. Dake resigned as a
director of the Company to pursue other interests and will no longer be slated for election
at the AGM.
The Company wishes to thank Mr. Dake for his contribution to the Company as one of
the original members of the Company’s board of directors.
Silver Hammer President and CEO, Morgan Lekstrom, stated: “We are very pleased with
how quickly and cost-effectively we have moved from the project acquisition stage to field
work, targeting, permitting, and drilling during 2021. We look forward to building on our
successful 2021 and are actively progressing towards a Phase II program at Silver Strand
while concurrently advancing our targeting and permitting at Silverton.”
Lekstrom continued, “We’d also like to thank Michael Dake, who served as an initial board
member of Lakewood Exploration before our recent progress and transition to Silver
Hammer Mining and wish him all the best in his future endeavors.”
Qualified Person
Technical aspects of this press release have been reviewed and approved by Philip
Mulholland, P.Geo., the designated Qualified Person (QP) under National Instrument 43-
101.
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 Idaho, USA, as well
both the Eliza Silver Project and the Silverton S ilver Mine in one of the world’s most
prolific mining jurisdictions in Nevada and the Lacy Gold Project in British Columbia,
Canada. The Company has commenced an initial drill program at Silver Strand that will
test for silver and gold mineralization immed iately below the mine’s lowest level
extending only 90 metres below surface. Silver Hammer strives to become a multi-mine
silver producer and will focus near-term exploration and drilling plans at the Company’s
Idaho and Nevada silver-gold assets.
(Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization
hosted on the Company’s property.)
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.
T: 604.908.1695
For media inquiries, contact:
Adam Bello, Primoris Group Inc.
T: 416.489.0092
The CSE does not accept responsibility for the adequacy or accuracy of this release.
The Canadian Securities Exchange has neither approved nor disapproved the contents
of this press release.