Silver Storm Mining

Silver Storm Drills 473 g/t Ag.Eq over 3.6 m and 137 g/t Ag.Eq over 12.0 m, Extends the San Nicolas Zone at Depth

Silver Storm Drills 473 g/t Ag.Eq over 3.6 m and 137 g/t Ag.Eq over 12.0 m, Extends the San Nicolas Zone at Depth

Overview

Silver Storm Mining Ltd. (TSXV: SVRS | OTCQB: SVRSF | FSE: SVR) announced drill results from its diamond drilling program at the company's 100%-owned La Parrilla Silver Mine Complex in Durango, Mexico. The results are from the San Nicolas Zone within the Quebradillas mine, where 44 holes totaling approximately 3,000 metres have been drilled to date.

According to the company, Hole IDP-SN-26-001 returned 473 g/t Ag.Eq over 3.60 m (estimated true width of 3.35 m), including 740 g/t Ag.Eq over 1.65 m and 527 g/t Ag.Eq over 0.90 m. The company stated this hole confirmed the presence of a high-grade block of mineralization extending at least 90 m above the last mined stopes at San Nicolas along a minimum strike length of 45 m.

In addition, six holes drilled below the existing workings returned broad intervals of silver mineralization. Hole IDP-SN-26-003 returned 137 g/t Ag.Eq over 11.95 m (estimated true width of 7.77 m), including 320 g/t Ag.Eq over 2.75 m and 507 g/t Ag.Eq over 0.90 m. The company reported these six holes have extended the San Nicolas mineralization to approximately 85 m below the bottommost 1874 EL stope.

Key Highlights

  • Hole IDP-SN-26-001: 473 g/t Ag.Eq over 3.60 m (ETW 3.35 m), including 740 g/t Ag.Eq over 1.65 m and 527 g/t Ag.Eq over 0.90 m
  • Hole IDP-SN-26-003: 137 g/t Ag.Eq over 11.95 m (ETW 7.77 m), including 320 g/t Ag.Eq over 2.75 m and 507 g/t Ag.Eq over 0.90 m
  • Hole EDP-SN-26-001: 149 g/t Ag.Eq over 8.45 m (ETW 6.51 m), including 285 g/t Ag.Eq over 3.50 m
  • Hole EDP-SN-26-002: 183 g/t Ag.Eq over 3.20 m (ETW 1.60 m), including 299 g/t Ag.Eq over 1.35 m
  • High-grade block confirmed extending at least 90 m above last mined stopes along 45 m minimum strike length
  • San Nicolas mineralization extended approximately 85 m below the bottommost 1874 EL stope
  • High-grade silver mineralization traced with continuity to approximately 480 m below surface

Drill Results

The results reported included eight new drill holes from the San Nicolas Zone. Beyond the headline intercepts, additional results from the program included:

  • Hole IDP-SN-26-004: 420 g/t Ag.Eq over 0.40 m and 252 g/t Ag.Eq over 0.40 m
  • Hole IDP-SN-26-005: 275 g/t Ag.Eq over 1.05 m (ETW 0.91 m)
  • Hole EDP-SN-26-003: 137 g/t Ag.Eq over 1.10 m and 131 g/t Ag.Eq over 1.30 m

The company noted that Hole IDP-SN-26-001 was drilled approximately 90 m above the last mined stopes and, when combined with previously drilled holes Q-23-024 (686 g/t Ag.Eq over 9.39 m) and Q-24-054 (294 g/t Ag.Eq over 7.00 m), confirmed the presence of a high-grade block extending along a minimum strike length of 45 m.

Strategic Context

According to the press release, the drilling program has the potential to extend the Indicated Resources by an additional 70 m at depth over a minimum strike length of 65 m, and to extend the Inferred Resources by an additional 45 m at depth. The company added a second underground drill rig to accelerate the program.

Silver Storm stated that high-grade silver mineralization at San Nicolas can now be traced with continuity down to a depth of approximately 480 m below surface. The San Nicolas Zone consists of subvertical quartz-carbonate vein and breccia mineralization striking northwest over approximately 600 m, with sulphide replacement zones in the hanging wall and footwall.

Greg McKenzie, President and CEO, commented: “We are pleased with the exploration and infill drilling results at San Nicolas. Hole IDP-SN-26-001 has confirmed the presence of a high-grade block of mineralization extending 90 m above the last mined stopes, while holes IDP-SN-26-003 to 005 and EDP-SN-26-001 to 003 have confirmed the extension of the zone more than 85 m at depth below the last mined stopes. These drill results have the potential to contribute towards expanding the La Parrilla Mineral Resource at the San Nicolas Zone which remains open at depth.”

Resources and Technical Details

  • Silver equivalent (Ag.Eq) calculated using: US$30.00/oz Ag, US$2,500/oz Au, US$0.95/lb Pb, US$1.25/lb Zn
  • Metallurgical recoveries applied: 70.1% Ag and 82.8% Au in oxides; 79.6% Ag, 80.1% Au, 74.7% Pb, and 58.8% Zn in sulphides
  • Cut-off grades: 135 g/t Ag.Eq (oxide) and 115 g/t Ag.Eq (sulphide)
  • Assays are uncut and undiluted; widths are core-lengths with estimated true widths (ETW) provided
  • Technical report: “Independent Technical Report for the La Parrilla Silver Mine, Durango State, Mexico” (effective March 24, 2025), available on SEDAR+ and the company’s website

What to Watch Next

  • Continued drilling at San Nicolas with the second underground drill rig now operational
  • Potential expansion of Indicated and Inferred Resources at the San Nicolas Zone, which remains open at depth
  • Progress toward a potential near-term restart of the La Parrilla Silver Mine Complex

About Silver Storm Mining Ltd.

Silver Storm Mining Ltd. holds advanced-stage silver projects in Durango, Mexico. The company is committed to advancing toward a potential near-term restart of its 100%-owned La Parrilla Silver Mine Complex, a prolific operation comprised of a 2,000 tpd mill and three underground mines. The company also holds a 100% interest in the San Diego Project, which ranks among the largest undeveloped silver projects in Mexico.

Read the full press release here.

Disclaimer and Forward-Looking Statements

The information contained herein is provided by ArcStone Financial Pulse Inc. (“ArcStone Financial Pulse”), a subsidiary of ArcStone Securities and Investments Corp. (“ArcStone”), for informational purposes only. It is not, and under no circumstances should it be construed as, an offer to sell or a solicitation of an offer to buy any securities or other financial instruments in any jurisdiction. This content is not a research report within the meaning of FINRA Rules 2241 or 2242 and does not constitute a research report under any applicable securities laws.

Certain statements contained herein may constitute “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements are based on current expectations, estimates, and assumptions that involve known and unknown risks and uncertainties which may cause actual results or developments to differ materially from those expressed or implied. These statements often include words such as “anticipate,” “believe,” “expect,” “intend,” “may,” “plan,” “project,” “should,” “target,” or similar expressions. Readers are cautioned not to place undue reliance on such statements, which speak only as of the date made. Except as required by law, ArcStone undertakes no obligation to update or revise any forward-looking information.

This content is not intended as investment advice or a recommendation to buy or sell any security and does not take into account the investment objectives, financial situation, or needs of any individual. Investors should consult their own professional advisors before making any investment decisions.

ArcStone Securities and Investments Corp. is not a registered broker-dealer and does not provide investment advice or recommendations. All registrable activities in the United States are conducted through ArcStone Securities LLC (CRD# 306029) and Kingswood Capital Partners LLC (CRD# 288898), both FINRA-registered broker-dealers, members SIPC. ArcStone Canada Inc. is not registered as a dealer in any Canadian jurisdiction; registrable dealing activities in Canada are conducted through appropriately registered affiliates. ArcStone Financial Pulse Inc. is owned by the same parent entity as ArcStone Securities LLC and ArcStone Kingswood, the investment banking division of Kingswood Capital Partners LLC. This common ownership represents a structural conflict of interest. The issuer featured in this article (the “Company”) may be a current or former client of ArcStone or any of its subsidiaries and affiliates. Where ArcStone or its subsidiaries and affiliates have received or have been promised consideration for services provided to the Company, such consideration may include cash, stock, stock options, warrants, and/or Restricted Stock Units (RSUs) for the provision of corporate advisory, investor relations, digital media, or capital markets consulting services. This relationship represents a potential conflict of interest, as ArcStone may be perceived to have an incentive to present the Company in a favorable light. The principals, directors, officers, employees, and related entities of ArcStone and its affiliates may, from time to time, own, buy, or sell securities or derivatives of the Company or its affiliates.

Read more