Silver Hammer Reports Phase I Drill Results and Confirms Significant Gold-Silver Mineralization Below Old Mine Workings at Silver Strand
NEWS RELEASE
Silver Hammer Reports Phase I Drill Results and Confirms Significant Gold-Silver
Mineralization Below Old Mine Workings at Silver Strand
Vancouver, British Columbia / December 14, 2021 – Silver Hammer Mining Corp. (CSE:
HAMR / OTCQB: HAMRF) (“Silver Hammer” or the “Company”) is pleased to report results
from the Company’s recently completed initial Phase I drill campaign at the past-producing Silver
Strand Mine located in Idaho, USA. Historical records at Silver Strand indicate the potential for
both significant gold ("Au") and silver ("Ag") mineralization within the upper part of the system,
directly below the lowest surface level . All six drillholes (first drill ing in ~20 years at Silver
Strand) cut through a 25 metre (m) wide zone of intensely silicified quartzite with locally higher-
grade Au-Ag mineralization and confirmed the Company’s thesis that the mineralized body
extends beneath the old mine workings.
Highlights:
● SS21-003: 1.13 g/t Au and 89.76 g/t Ag over 4.57 m (202.76 g/t Silver Equivalent)
("AgEq") (AgEq silver:gold ratio 100:1) shown for reference purposes
● SS21-004: 5.17 g/t Au and 18.07 g/t Ag over 1.24 m (535.07 g/t AgEq), followed by 4.96
g/t Au and 85.10 g/t Ag over 0.91 m (581.10 g/t AgEq)
● SS21-005: 5.80 g/t Au and 13 g/t Ag over 1.83 m (593.93 g/t AgEq)
● SS21-006: 1.29 g/t Au and 80.85 g/t Ag over 7.93M (209.85 g/t AgEq), Including 0.61 g/t
Au and 392.00 g/t Ag over 0.61 m (456.00 g/t AgEq) and 2.48 g/t Au and 284.00 g/t Ag
over 0.92 m (532.00 g/t AgEq)
● SS21-007: 4.12 g/t Au and 130.00 g/t Ag over 1.53 m (542.00 g/t AgEq)
“We are very encouraged that all six drillholes from our initial drill campaign at Silver Strand cut
significant Au-Ag mineralization. Quickly and cost effectively rehabilitat ing and utiliz ing the
existing underground allowed us to create a new drilling station accessed from the surface level 3
portal,” stated President and CEO, Morgan Lekstrom.
Lekstrom added, “Other large high-grade silver mines in the same Revett Formation rocks within
the Coeur d’Alene district extend to 1,800 m or greater, often with the highest silver grades starting
100’s of metres below surface. Our shallow confirmatory drilling has successfully delivered proof-
of-concept and we look forward to testing the system at greater depth and targeting potential
additional high-grade chutes along strike in 2022.”
Figure 1: Long section showing mined out stopes and highlighted intercepts
The Company recently completed mine rehabilitation work within the level 3 portal (see Figure 1
above and press release Sept ember 1, 2021) and established a new underground drill station
stepped out from the old mine workings. This station is on the same plane as surface and will allow
for an expedited, focused, and cost -effective way to continue drilling at greater depths and along
strike.
Table 1: Summary of significant gold (Au) and silver (Ag) assay results
Hole_ID From (m) To (m) INTVL (m) Au_g/t Ag_g/t AgEq_g/t*
SS21-003 19.66 24.08 4.42 1.13 89.76 202.76
24.08 25.21 1.13 No samples obtained
and 25.21 27.74 2.53 1.04 12.29 116.29
SS21-004 41.76 43.01 1.25 5.17 18.07 535.07
43.01 46.33 3.32 Post mineral Dyke
and 46.33 47.24 0.91 4.96 85.10 581.10
SS21-005 26.21 28.04 1.83 5.80 13.93 593.93
Including 26.21 27.13 0.92 8.80 <3 880.00
And 31.39 36.27 4.88 1.04 9.95 113.95
SS21-006 35.05 42.98 7.93 1.29 80.85 209.85
Including 38.71 39.32 0.61 0.64 392.00 456.00
Including 40.84 41.76 0.92 2.48 284.00 532.00
SS21-007 29.57 31.39 1.82 1.98 88.45 286.45
Including 30.48 31.39 0.91 2.36 111.00 347.00
and 34.44 35.97 1.53 4.12 130.00 542.00
SS21-008 15.54 17.78 2.24 0.47 84.40 131.40
*Notes: All re ported 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. One hundred percent recovery utilized . AgEq shown for
reference purposes.
Background and Interpretation of Results
The Company's initial targeted pierce points would have required approximately 3,000 m of
drilling from surface as well as a more extensive surface permitting process , but by utilizing an
underground drill method, the equivalent drilling was completed with only ~290 m in six core
holes. Drillholes were positioned to evaluate presumed extensions of mineralization beneath the
lowest production level of the mine (see Figure 2 below).
Figure 2: Oblique cross section highlighting 2021 assay results
The six drillholes completed from the underground drilling all passed through a 25 m wide zone
of intensely silicified quartz ite with extensive, highly fractured quartz veining which hosts at its
core the Au -Ag mineralization being reported (see Table 1 above). This zone of pervasive
hydrothermal alteration and lower grade halo precious metal mineralization (e.g. SS21-005 cut
1.36 g/t Au over 15.5 m and SS21 -007 cut 1.38 g/t Au over 9.41 m) is also intruded by a post-
mineral mafic dyke, as noted for drillhole SS21-004. The extent and intensity of the silica alteration
supports the Company’s view that the Silver Strand project represents a compelling exploration
target with potential for increased gold-silver values across broader intervals at greater depths and
along strike.
Confirming the association of the quartz to the mafic dyke, allows the Company to extend its
exploration plans not only underground, but to understand the UAV MAG survey anomalies with
potential for exploration surface drilling as well.
Quality Assurance, Quality Control
Sample Security
The following measures were taken to ensure sample security: samples were submitted to the
American Analytical Services (AAS) by company personnel following the guidelines and
procedures of Silver Hammer Mining Company; only authorized personnel have atten ded the
samples; core was logged at the Silver Hammer core processing facility and then transferred to the
AAS lab in Osburn, Idaho.
Analysis Suite
All drill core samples were analyzed by AAS using conventional assay methods involving the fire
assaying of 30 gram charges of pulverized sample material for gold and silver, with ICP finishing.
Gravimetric analyses were to be applied to any samples that yielded Au values greater than 10 g/t
Au and 10 g/t Ag. In addition, pulverized charges were collected for al l core samples and were
entirely dissolved using 4 -acid digestion, with the final solution being analyzed for 35 elements
using the ICP-MS method.
Audits or reviews
Internal review of sampling techniques, data, and drilling results by the Company’s mana gement
is routinely done through the course of the project.
Standards, Blanks and Duplicates
For quality assurance/quality control purposes, the batches of core samples sent to AAS for
assaying and ICP analyses were regularly infused with ‘duplicate’, ‘standard’ and ‘blank’ samples.
So-called ‘standard’ samples consisted of certified reference material (OREAS 611) of pulverized
rock obtained from OREAS, a company that provides certified reference materials. The ‘blank’
samples consisted of barren landscapin g gravel, while the ‘duplicates’ were in fact laboratory
duplicates created during sample preparation at the labs of AAS. The laboratory also provided
analytical results for their own reference samples for further a QA/QC check. The standards and
blanks were inserted into the assay stream by Silver Hammer geologists.
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 exploring mineral claims covering
the past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, USA as
well as the Eliza Silver Project and the Silverton Silver Mine, both located in Nevada, one of the
world’s most prolific mining jurisdictions, and the Lacy Gold Project in British Columbia,
Canada. The Company recently completed its initial drill program at Silver Strand that was
designed to test for silver and gold mineralization immediately below the mine’s lowest level
some 90 metres below surface. Silver Hammer strives to become a multi -mine silver producer
and will focus near -term exploration and drilling programs at its 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.