Silver Hammer Reports 2071 g/t AgEq Over 1 Metre and 1249 g/t AgEq Over 3.3 Metres, Plus Multiple 1 Kilogram Intercepts from Previously Unreported Drilling at Silver Strand Project
NEWS RELEASE
Silver Hammer Reports 2071 g/t AgEq Over 1 Metre and 1249 g/t AgEq Over 3.3
Metres, Plus Multiple 1 Kilogram Intercepts from Previously Unreported Drilling at
Silver Strand Project
Vancouver, British Columbia / January 26, 2022 – Silver Hammer Mining Corp.
(CSE: HAMR/OTCQB:HAMRF) (“Silver Hammer” or the “Company”) is pleased to
report results from newly acquired and previously unreleased high -grade drill intercepts
from a 2002 drill program at the Silver Strand project in Idaho.
Highlights:
● DDH02-001: 1,005 g/t Silver Equivalent (“AgEq”) over 2.2 metres (“m”)
● DDH02-003: 1,219 g/t AgEq over 3.3 m
● DDH02-003: 1,876 g/t AgEq over 1.6 m
● DDH02-004: 1,609 g/t AgEq over 1.5 m (including 2,071 AgEq over 1.0 m and 2439
AgEq over 0.6 m)
“We are pleased to report these high-grade, near-surface drill results from work done on
the project by our predecessor in 2002. These newly acquired results, combined with our
initial 2021 drill campaign, demo nstrate consistent high -grade gold and silver values
immediately beneath the existing mine workings,” stated President & CEO Morgan
Lekstorm. “Based on an independent report1 we now know that the nearby Lucky Friday
Mine, located 63.5 kilometres west of Silver Strand , known for its significant, ongoing
silver production, was once Idaho’s largest gold producer, so it’s not surprising to us that
we are seeing such strong gold mineralization in these near -surface drill holes.
Furthermore, we’ve obtained both the drill core and assay certificates from the 2002
program allowing us to include this new data when preparing our first NI 43 -101 mineral
resource estimate at Silver Strand. The repatriation of this information has extremely high
return on investment adding significant value for the company and our shareholders.”
1 Juris, Dr. Dwight, P.Geo, PhD, 2002. ‘Silver Strand REPT.’ (Page 30)
Table 1. Silver Strand Drill Intercepts
*All reported assays are downhole core lengths, uncapped and calculated using a 110 g/t Ag cut -off
grade. AgEq_g/t = Ag_g/t + Au_g/t*100; True thickness unknown, est 75-85%. One hundred percent
recovery utilized. AgEq shown for reference purposes.
Figure 1: Oblique cross section showing mined out stopes and highlighted
intercepts
This additional information compliments the drilling program Silver Hammer completed in
2021 and allows the Company to add more detailed information to the geological model
to be used for drill targeting in 2022.
The 2002 drill program was conducted by New Jersey Mining who provided Silver
Hammer with both the physical drill core and original assay certificates making the data
eligible to be included in an NI 43 -101 complia nt resource estimate. Silver Hammer
considers this information to be material in nature as this has only recently been
repatriated.
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.
Quality Assurance, Quality Control
The following measures were taken to ensure sample security: samples were submitted
to ALS Chemex (ALS) by company personnel of New Jersey Mining Company (NJMC);
only authorized personnel attended the samples; core was logged at the NJMC core
processing facility and then shipped to the ALS lab in Sparks, Nevada.
Analysis Suite
All drill core samples were analyzed by ALS using conventional assay methods involving
fire assaying of 50 -gram charges of pulverized sample material for gold and silver, with
AA (Au -AA24) and/or gravimetric finishing (Au -GRA22). In addition, some pulverized
charges were collect ed and were entirely dissolved using 4 -acid digestion (Ag -AA62),
with the final solution being analyzed for ore grade Ag using AA method.
Audits or reviews
Internal review of sampling techniques, data, and drilling results by the Company’s
geologist’s and management was routinely done through the course of the project.
Blanks and Duplicates
For quality assurance/quality control purposes, the batches of core samples sent to ALS
for assaying and AA analyses were regularly infused with ‘duplicate’, and ‘blank’ samples.
The ‘duplicates’ were created during sample preparation at ALS. The laboratory also
provided analytical results for their own reference samples for further QA/QC check.
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 Go ld 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 st rives 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.