Silver Hammer Mining Reports High Grade Silver Samples up to 692 g/t Ag from Rock Chip Sampling at its Silverton Silver-Gold Project in Nevada
NEWS RELEASE
Silver Hammer Mining Reports High Grade Silver Samples up to 692 g/t Ag from Rock Chip
Sampling at its Silverton Silver-Gold Project in Nevada
Vancouver, British Columbia / November 29, 2021 – Silver Hammer Mining Corp. (CSE: HAMR/ OTC:
HAMRF) ("Silver Hammer" or the "Company") is pleased to report results from sampling, mapping and detailed
hyperspectral satellite imaging programs at the Company’s past -producing Silverton Project (the "Project"), located
129 kilometres ("km") northeast of the 174-million-ounce* Tonopah silver district in Nevada.
A total of 35 rock chip samples and 111 soil samples were collected from the Project area with highlight ed samples
assaying up to 692 g/t silver ( "Ag"). Soil sampling focused on areas of anomalous gold and silver rock samples
collected from a pediment area on the Project. Based on assay results and geological mapping, the Project appears to
cover a volcanics -hosted gold system as well as a separate silver -dominated mineral system hosted by silicified
limestone.
“We are excited by these results as they are the first clear indication of two mineralized precious metal systems existing
on the Silverton Project —one marked by high -grade silver as was recovered from the historical Silve rton Mine and
the other consisting of disseminated lower -grade gold mineralization,” stated President & CEO Morgan Lekstrom.
“Furthermore, we are obtaining surface samples grading up to 692 g/t Ag and numerous additional samples with
encouraging silver gra des outside of our initial target area. We look forward to refining our target concepts and
initiating a first phase of drilling at Silverton in 2022.”
The Silverton Project was acquired along with the Eliza Silver Project (see press release August 9, 2021 ), which is
also located in Nevada along strike from the historic Hamilton mining district. In addition to the new sampling results
from Silverton (summarized below), initial exploration and rock chip sample results from Eliza will also be reported
during Q4/2021.
Table 1. Highlighted Silver Rock Samples at Silverton
Assays from the 19 rock chip samples from the west limestone-hosted area ranged from 0.32 g/t Ag to 692 g/t Ag
and averaged 63.27 g/t Ag (see Figure 1 below). The 15 rock chip samples from the eastern part of the Project
ranged from 0.009 to 15.0 and averaged 3.17 g/t Ag. Previously released samples from the eastern section of the
Project believed to host the gold system indicate ranges from 0.06 g/t to 6.1 g/t gold Au.
Table 2: Showing good correlations to limestone for silver
A review of 19 samples on the west side, or limestone -hosted area, showed good correlation between Ag, lead (Pb)
and antimony (Sb). This area contained the highest Ag results, and the best correlations to pathfinder elements such
as Pb and Sb.
Since acquiring the Silverton property in September, the Company has moved quickly to expand its geological
understanding through sampling and geochemistry programs. The rock sampling program has outlined two potential
systems suitable for further targeted explo ration: the expansion of the historic silver mine and potential high -grade
surrounding area and a new potential gold system.
Figure 1. Silverton Silver Samples
Qualified Person
Technical aspects of this press release have been reviewed and approved un der the supervision of Philip Mulholland,
P.Geo. Mr. Mulholland is a Qualified Person (QP) 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 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 mini ng 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 multimine 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 propertie s 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.
*All historic production information from Nevada Bureau of Mines & Geology, Bulletin 51.