Silver Valley Metals Provides an Exploration Update at its Ranger-Page Project in the Silver Valley, Idaho
Silver Valley Metals Provides an Exploration Update at its Ranger-Page
Project in the Silver Valley, Idaho
Vancouver, British Columbia – September 12, 2022 – Silver Valley Metals Corp. (TSXV:
SILV) (OTCQB: SVMFF) (“Silver Valley” or the “Company”), a brownfields exploration
Company with two potential high impact projects that comprise lithium - potassium (sulphate of
potash) located in Zacatecas and San Luis Potosi, Mexico and silver-zinc-lead located in Idaho,
USA respectively, is pleased to provide an exploration update from its Ranger-Page Project, Silver
Valley, Idaho.
The Company has successfully completed phase-one of the 2022 exploration campaign and has
recently initiated a second exploration phase which is scheduled to continue through November
2022. Results from phase-one have produced numerous high priority follow-up targets including
near surface newly discovered mineralized vein structures and additional targets located at
relatively shallow depths (<100 metres) identified from three progressive stages of IP geophysical
surveys and magnetic surveys.
High priority targets, which are the focus of the phase-two exploration activities are located within
4 new areas outside of the known projections from underground mineralization. Drill targets at
these known locations are currently being refined as geophysical data is interpreted. This is a
significant development for the project as the potential mineral endowment has increased
significantly using modern exploration techniques for the first time. Ongoing geophysical
interpretations, a fourth phase of IP geophysics, geochemical surveys, trenching, sampling, and
geological mapping are the focus for phase-two exploration work. Integration of a recently
completed LIDAR program will further improve the Companies modern data set. These combined
achievements will validate existing drill targets and refine new drill targets in preparation for an
inaugural drill program.
The four new target areas are:
1. A strong geophysical anomaly approximately 600 metres in strike length, trending
northwest-southeast has been defined between the underground workings at the Blackhawk
Mine (located centrally in the project area) through to the Wyoming and Ranger mine
complex (located in the central eastern part of the project area). This trend extends several
hundred metres beyond the complex to the southeast. This is significant as vein structures
can strike over great lengths in the Silver Valley, and both these mines remain open along
strike and at depth. This newly identified trend strikes similarly to the Bluebird-type vein
structures, which were the main productive veins at Bunker Hill. Very large ore shoots
occur in the Bunker Hill mine where the east -northeast veins (Blackhawk, Ranger,
Wyoming) intersect Bluebird-type veins in the prolific Revett formation;
2. Vein structures on surface have been discovered in the northern area of the project, between
the Curlew mine (located to the east of the past producing Page Mine) and the Blackhawk
mine (located west of these newly discovered vein structures);
3. South of the Osburn fault located in the north-eastern part of the project area, (this fault
being a major control structure for the entire Silver Valley), the Company is working up a
potential new discovery that exhibits strong structural potential from field work coincident
with a significant geophysical signature; this target is coincident with the past producing
Crown Point mine and these new drill targets appear near surface;
4. A coincident target in the south-central area of the project, located alongside the Spring
Fault. The Spring fault runs parallel and approximately 1.5 to 2.0 kilometers south of the
Osburn fault. The newly discovered target area is approximately 250 metres x 200 metres
and is in the hanging wall of the Spring Fault which is important for the exploration
potential of this anomalous area. Also, the target is in the Revett formation which is the
primary formation for ore production in the Silver Valley.
To view an enhanced version of the new target area locations:
• https://tinyurl.com/463rwwak
• https://tinyurl.com/k6ea533h
To view the corporate presentation please click:
https://silvervalleymetals.com/wp-content/uploads/2022/08/svm-presentation-220812.pdf
Lastly, over the past several months, the Company has been compiling a significant amount of
newly acquired historical data including detailed underground maps of the Page Mine and
surrounding project area. This new data has complemented our existing underground and surface
database that is reflecting an even greater opportunity for the Company to have exploration success
in this under-explored area of the western end of the Silver Valley mining corridor.
Qualified person
Timothy Mosey, BSc, MSc, SME, is the qualified person for the company and qualified person
as defined by National Instrument 43-101. Mr. Mosey supervised the preparation of the technical
information in this news release.
About: MexiCan lithium - potassium (sulphate of potash) project:
Silver Valley owns a 100% interest in a lithium and potassium bearing salar complex comprising
4,059 hectares on three mineral concessions (the "Mexican Projects") located on the Central
Mexican Plateau in the states of Zacatecas, and San Luis Potosi, Mexico. The NI 43-101 inferred
mineral resource contains 12.3Mt of Sulfate of Potash (SOP) and 243,000 tonnes of lithium
carbonate equivalent (LCE) and remains open in all directions for expansion.
About: Ranger-Page project:
Silver Valley’s primary focus is on its flagship Ranger-Page Project (“The Project”) located in the
Silver Valley of Idaho, 60 kilometres east of Coeur d'Alene and 1 kilometre from the I-90 freeway.
In 2020 Idaho was ranked the first in the world in policy perception and 9th best mining jurisdiction
(Fraser Institute Annual Mining Survey). The Project borders the famous Bunker Hill Mine to the
east and for the first time consolidates the western extent of the prolific Silver Valley mining
corridor by one operator in the past 100+ years.
The Project is on patented claims, there are no royalties and comprise 6 historical mines. The
largest of these, the Page Mine, was a top ten producer in the Silver Valley producing over 1 billion
pounds of zinc and lead and 14.6 million ounces of silver. The Page Mine has high grade silver-
zinc-lead historic reserves and remains wide open at depth beyond what has been defined to date.
There is shared underground infrastructure connecting the larger Page mine with five shallow
historic mines within the larger Project area. The Company has underground mining data and
surface geological data that supports high grade silver-zinc-lead mineralization present within the
shallow, undeveloped mines. These mines remain open at depth, and laterally along strike.
Exploration potential beyond the historical mines is considered significant due to no modern
systematic exploration applied to the project.
About Silver Valley Metals Corp.
We are a group of experienced exploration, mining, and financing specialists focused on the pursuit of
mineral discovery and development. Our expertise in evaluating targets, consummating strategic and
accretive outright sales, joint ventures, and /or acquisitions while maintaining a favourable share
structure via the least dilutive option is the mandate for Silver Valley Metals Corp. We look to further
de-risk potential projects via obtaining historical geological data that reflects untapped exploration
potential that are in top tier mining jurisdictions preferably near producing mines.
On behalf of the Board of Directors of Silver Valley Metals,
"Brandon Rook”
Brandon Rook, President & CEO, Director
For further information please contact us at:
604-800-4710
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of
applicable securities legislation. Forward-looking statements relate to information that is based on
assumptions of management, forecasts of future results, and estimates of amounts not yet
determinable. Any statements that express predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance are not statements of historical fact and
may be "forward-looking statements." Forward-looking statements are subject to a variety of risks
and uncertainties which could cause actual events or results to differ from those reflected in the
forward-looking statements, including, without limitation: risks related to failure to obtain
adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal
proceedings; political and regulatory risks associated with mining and exploration; risks related to
the maintenance of stock exchange listings; risks related to environmental regulation and liability;
the potential for delays in exploration or development activities or the completion of feasibility
studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill
results, the geology, grade and continuity of mineral deposits; risks related to the inherent
uncertainty of production and cost estimates and the potential for unexpected costs and expenses;
results of prefeasibility and feasibility studies, and the possibility that future exploration,
development or mining results will not be consistent with the Company's expectations; risks related
to commodity price fluctuations; and other risks and uncertainties related to the Company's
prospects, properties and business detailed elsewhere in the Company's disclosure record. Should
one or more of these risks and uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described in forward-looking statements.
Investors are cautioned against attributing undue certainty to forward-looking statements. These
forward-looking statements are made as of the date hereof and the Company does not assume any
obligation to update or revise them to reflect new events or circumstances. Actual events or results
could differ materially from the Company's expectations or projections.