Silver Hammer Mining Reports High-Grade Assays from Initial Sampling Program at its Eliza Silver Project in Nevada
NEWS RELEASE
Silver Hammer Mining Reports High-Grade Assays from Initial Sampling Program
at its Eliza Silver Project in Nevada
Vancouver, British Columbia / December 6, 2021 – Silver Hammer Mining Corp.
(CSE: HAMR, OTCQB: HAMRF) (“Silver Hammer” or the “Company”) is pleased to
report high -grade silver assays for a number of rock samples collected during its first
sampling program at the Company’s Eliza Silver Project in Eastern Nevada.
A total of 73 rock-chip samples were collected in the vicinity of the historic Passynak Mine
within the Eliza project area which lies on trend of the Hamilton mining district, Nevada’s
highest grade silver mining camp . An estimated over 30 million ounces of silver was
produced, valued at $22 million between 1865 and 1888, from the Treasure Hill Mining
area which extends onto the Eliza property.1
In addition to the assayed samples, another 35 geochemical survey samples were
collected from outcrops in the northern sector of the property, south of the Eberhardt Fault
which separates the Eliza Project from the abandoned Hamilton mines to the north. The
assay results confirm the existence of a well -developed silver-rich mineral system that
also shows enrichments in copper (Cu), lead (Pb) and zinc (Zn). Other trace elements
conventionally viewed as indicators of epithermal precious metal mineralization, such as
antimony (Sb) and arsenic (As), are also present in geochemically anomalous amounts.
“We are very pleased with the results obtained by our first sampling program at Eliza. The
high-grade mineralized samples provide evidence that the near -surface silver
mineralization exploited by the former 30 Moz Treasure Hill Mine extends onto the Eliza
property and may continue beneath a shale unit south of the Eberhardt Fault,” stated
President and CEO Morgan Lekstrom. “We are also encouraged by the association of
1 USGD: https://mrdata.usgs.gov/mrds/show-mrds.php?dep_id=10310457
silver with base metals (Cu, Pb, Zn), as this type of mineralization may be an outer zone
expression of a ‘blind’ porphyry copper system. We intend to use modern technology,
including hyperspectral imaging to expand our knowledge of the geologic model and
define its size potential. In addition, we intend to define drill targets for 2022.”
In addition to the targeted rock sampling that was done, the Company has undertaken
hyperspectral imaging analysis of the Eliza property area. Interpretation of the imagery
shows a correlation between secondary silver mineralization, mai nly chloraryrite, and
areas where hydrocarbon decay are outlined. This innovative exploration technology will
be further employed on the property.
Plans are underway for additional geological and geochemical investigations, with the
objective of defining high-potential drill targets early in 2022.
Table 1. Eliza - Significant Mineralized Rock Samples
Table 2. Eliza - Mineral Correlations to Silver
Figure 1. Eliza Property Rock Sample Location Map
About Silver Hammer Mining Corp.
Silver Hammer Mining Corp. is a junior resource company advancing the past-producing
Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, USA, 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. The
Company has commenced an initial drill program at Silver Strand that will test for silver
and gold mineralization immediately below the mine’s lowest level extending only 90
metres below surface. Silver Hammer strives to become a multiple-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 further information contact: Kristina Pillon, President, 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.