Silver Hammer Significantly Expands Mineralized Footprint with Four Primary Target Areas Identified Through Soil Sampling at the Eliza Project in Nevada
NEWS RELEASE
Silver Hammer Significantly Expands Mineralized Footprint with Four Primary
Target Areas Identified Through Soil Sampling at the Eliza Project in Nevada
Vancouver, British Columbia – October 25, 2022 – Si lver Hammer Mining Corp.
(CSE: HAMR; OTCQB: HAMRF) (the "Company" or "Silver Hammer" ) is pleased to
report that soil sampling results at the Eliza Proj ect (“ Eliza ” or the “ Project ”) have
defined significant anomalies that extend well beyond the small historical mine areas.
A total of 518 soil samples were collected from the northern area of Eliza with results
ranging from below detection limit to 26.95 grams p er tonne (“g/t”) silver (“Ag”). Thirty-
nine samples returned grades higher than 1 g/t silv er. Results with over 0.5 g/t Ag are
highly anomalous and can be considered a tracer of potential larger systems. The
purpose of the soil sampling program was to further define the extent of mineralization
within the northern area and examine any geochemica l patterns that may exist. The soil
sampling program has outlined four distinct target areas, which are now being further
evaluated. The historic mining areas include the C alifornia, Passynak and Belmont
mines; a new fourth area, the Western Anomaly will be added to our focus going
forward.
President and CEO, Morgan Lekstrom commented: “Our thesis has always been that a
methodical and modern exploration approach in distr icts with small-scale, high-grade
historical production can lead to the discovery of much larger mineralized systems. Soil
sampling does not typically return silver results g reater than 1 g/t, so we are very
encouraged not only by the widespread nature of min eralization, but by the highly
anomalous values from this program.” Lekstrom added , ““This type of low-cost, high-
impact exploration work aligns with our current vie w towards maintaining a strong
treasury during the current market environment and we have initiated preliminary
discussions with prospective partners on our Nevada assets as we advance these
projects toward a drill-ready stage.”
Soil samples are commonly used as a targeting tool to find major discoveries and these
results provide evidence supporting the potential f or widespread mineralization well
beyond the small historical mines dating back to the1860's Hamilton Silver Rush.
Figure 1: Eliza Project North Area Soil Grid
Eliza North Soil Grid
To date, 518 soil samples have been collected from the Eliza North Grid Area, which
includes the Passynak, Belmont and California histo rical mines. The mines are
accessible by road and are situated within 670 m of each other. Each mine has a
distinct geochemical anomaly collectively stretching over 700 m.
Passynak
The Passynak area is the strongest multi-element an omaly. Significant soil sample
results were found over a broad 200 m diameter area . Twelve soil samples show
greater than 1 g/t Ag with anomalous copper, lead, antimony, and zinc. Care and
attention were given to eliminate any samples colle cted from past mine dumps or
transported surface debris.
Table 1. Sample Result Highlights from Passynak Anomaly
Sample_ID Silver
ICP g/t
Copper
ICP g/t
Lead
ICP g/t
Antimony
ICP g/t
Zinc
ICP g/t
PN35339 26.95 23.4 72 9.81 63
PN0000473023 13.95 18.9 42 5.68 83
PN35342 4.88 18.3 36 4.69 76
PN0000473137 4.46 313.7 289 17.39 555
PN0000473125 3.83 301.8 581 38.58 398
PN0000473025 3.66 19.5 25 3.00 86
PN0000473120 3.51 559.3 1223 27.83 1316
PN35314 2.51 153.8 207 14.24 339
PN35336 1.27 14.0 29 2.22 96
PN35333 1.25 204.8 130 9.29 395
PN0000473143 1.22 141.9 138 6.49 299
PN0000473135 1.09 60.3 120 15.74 107
Figure 2: Eliza Project North Area Soil Grid
Belmont
The Belmont area is characterized by high silver-in -soil values, plus accessory copper,
lead, antimony, and zinc. Further work in this area is required to define the zone and the
nature of the mineralization.
Table 2. Sample Result Highlights from Belmont Anomaly
Sample_ID Silver
ICP g/t
Copper
ICP g/t
Lead
ICP
g/t
Antimony
ICP
g/t
Zinc
ICP
g/t
PN35258 16.18 21 .0 66 7.07 89
PN0000473286 8.03 91.6 171 19.15 157
PN0000473288 1.68 12.5 26 2.54 91
PN35286 1.02 36.2 82 6.02 128
California
The California prospect area is as widespread as Pa ssynak and crosses the Eberhardt
Fault on both the north and south. The Eberhardt Fa ult is considered a main structure
and integral to the mineralizing system. Antimony r emained fairly consistent; however,
gold appeared in minor values in surface soil samples.
Table 3. Sample Result Highlights from California Anomaly
Sample_ID Silver
ICP g/t
Copper
ICP g/t
Lead
ICP
g/t
Gold
FA ICP
ppb
Zinc
ICP
g/t
PN35361 15.57 25.7 30 48 87
PN35331 9.31 22.5 47 -3 80
PN0000473259 7.66 17.8 25 15 90
PN35371 4.09 16.8 26 6 95
PN0000473163 4.00 16.2 22 36 98
PN0000473152 2.44 21.9 17 -3 99
PN0000473166 2.35 24.1 19 14 94
PN35330 2.32 15.9 40 5 95
PN35318 1.94 19.1 39 18 131
PN0000473106 1.81 16.1 18 3 54
PN0000473095 1.66 17.8 24 17 112
PN0000473260 1.63 18.4 24 4 99
PN35344 1.51 16.7 23 -3 68
PN35370 1.48 15.6 41 22 89
PN35357 1.38 16.1 48 3 91
PN0000473164 1.2 0 20.5 15 3 85
New Western Anomaly
Two samples south of the Eberhardt Fault on the wes t side of the grid reported silver
and gold anomalies. This area is on the edge of a wider spaced soil grid, but adjacent to
the prospective fault zone and will be investigated further in near future work with
prospecting and geochemistry.
Table 4: Sample Result Highlights from New Western Anomaly
Sample_ID WGS
East
WGS
North
Silver
ICP g/t
Copper
ICP g/t
Lead
ICP
g/t
Gold
FA ICP
ppb
Zinc
ICP
g/t
PN0000473397 630525.1 4340803 2.09 26.9 27 0.233 161
PN35264 630304.6 4340950 2.7 0 21.9 30 0.298 89
Sampling Protocol
Soil samples were collected from the “B Horizon” ev ery 75 metres (“m”) on 75m line
spacing and then infilled on a 37.5 m spacing in ar eas of greater interest. Typical
sample depths ranged between 30 and 45 centimetres.
Quality Assurance/Quality Control
Assays were processed by American Assay Laboratorie s Inc. in Sparks, Nevada. The
laboratory has its own QA/QC protocols running stan dards and blanks with duplicate
samples in each batch stream. Silver Hammer geologi cal staff inserted a system of field
duplicates, blanks and lab standards into the sampl e stream every 10 samples to
ensure QA/QC of the work. A multi-element assay me thod was used for silver and all
other elements called ICP-5AM48 with an ICP-OES/MS finish and reported in ppm.
Gold was assayed by fire assay with an ICP finish a nd reported down to 3 ppb in
method FA-PB30-ICP.
Qualified Person
Technical aspects of this press release have been r eviewed and approved by Philip
Mulholland, a Certified Professional Geologist (CPG ) with the American Institute of
Professional Geologists, a contractor of the Compan y and the designated Qualified
Person (QP) under National Instrument 43-101.
About Silver Hammer Mining Corp.
Silver Hammer Mining Corp. is a junior resource com pany advancing the flagship past-
producing Silver Strand Mine in the Coeur d’Alene M ining District in Idaho, USA, as
well both the Eliza Silver Project and the Silverto n Silver Mine in one of the world’s
most prolific mining jurisdictions in Nevada and th e Lacy Gold Project in British
Columbia, Canada. Silver Hammer’s primary focus is defining and developing silver
deposits near past-producing mines that have not be en adequately tested. The
Company’s portfolio also provides exposure to copper and gold discoveries.
Disclaimer note: Mineralization hosted on adjacent and/or nearby properties is not
necessarily indicative of mineralization hosted on the Company’s projects.
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 approv ed nor disapproved the
contents of this press release.