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Silver Storm Announces Several Intercepts > 1,000 g/t Ag.Eq From the La Estrella Zone

In This Article:

Figure 1: Cross Section View of Quebradillas Mine Toward NNW (Graphic: Business Wire)
Figure 1: Cross Section View of Quebradillas Mine Toward NNW (Graphic: Business Wire)
Figure 2: Longitudinal Section of La Estrella Zone View Toward South (Graphic: Business Wire)
Figure 2: Longitudinal Section of La Estrella Zone View Toward South (Graphic: Business Wire)

TORONTO, November 20, 2024--(BUSINESS WIRE)--Silver Storm Mining Ltd. ("Silver Storm" or the "Company") (TSX.V: SVRS | OTC: SVRSF | FSE: SVR), is pleased to announce further drill results from its Phase 2 diamond drilling program at the Company’s 100% owned La Parrilla Silver Mine Complex, located in Durango Mexico. Results from the nine holes contained within this release are from the La Estrella Zones and San Rafael Zones in the Quebradillas mine. These zones were not modeled or included in the NI-43-101 Mineral Resource Estimate prepared by SRK for the La Parrilla Silver Mine Complex published on August 10, 2023.

An overview video on the La Parrilla Project is available at: www.youtube.com/watch?v=dybgKXcGrYo

Key highlights include:

Numerous high-grade intercepts were encountered with the La Estrella ("VES") and San Rafael ("VSR") Zones in proximity to previous mined stopes. The current drill results, when combined with historical holes drilled by First Majestic ("FM"), are expected to have a positive impact on future Mineral Resources.

  • Hole Q-24-039 returned 1,546 g/t Ag.Eq1 over 0.49 metres ("m"), 2,550 g/t Ag.Eq over 0.50 m, and 1,034 g/t Ag.Eq over 0.94 m within a broader interval of 768 g/t Ag.Eq over 7.26 m from the interpreted intersection of the VES and VSR Zones.

- This high-grade intercept is located ~25 m below a previously mined stope

  • Hole Q-24-031 returned 2,495 g/t Ag.Eq over 0.40 m and 640 g/t Ag.Eq over 1.56 m within a broader interval of 382 g/t Ag.Eq over 3.50 m from the interpreted intersection of the VES-A, Quebradillas Bajo, and C1524 Zones.

- These high-grade intercepts are located ~10 m to the east of a previously mined stope

  • Hole Q-24-035 returned 1,313 g/t Ag.Eq over 0.50 m and 502 g/t Ag.Eq over 0.50 m within a broader interval of 361 g/t Ag.Eq over 5.00 m from the VES Zone and 1,019 g/t Ag.Eq over 0.90 m within a broader interval of 422 g/t Ag.Eq over 4.36 m from the interpreted intersection of the VES-B and Quebradillas Zones.

- These high-grade intercepts are located ~80 m above a previously mined stope

  • Hole Q-24-036 returned 1,690 g/t Ag.Eq over 0.50 m within a broader interval of 333 g/t Ag.Eq over 5.75 m from the VES-A Zone.

- This high-grade intercept is located ~80 m above a previously mined stope

  • Hole Q-24-038 returned 1,248 g/t Ag.Eq over 1.12 m within a broader interval of 482 g/t Ag.Eq over 8.19 m from the VSR Zone.

- This high-grade intercept is located ~40 m to the east of a previously mined stope

Greg McKenzie, President and CEO, commented: "We are pleased with the high-grade results from the La Estrella and San Rafael Zones. High-grade mineralization can be traced at La Estrella over a strike length of 225 m, vertical extent of 175 m, and true thickness of up to 6 m. Limited mining was previously conducted by First Majestic within these zones, and they were not included in the August 2023 Resource Estimate. We anticipate these results will have a positive impact on future Mineral Resource updates."

La Estrella Zone

The La Estrella Zone is a sulphide-bearing hydrothermal breccia within a fault striking 274 degrees and dipping 80 degrees to the south over an approximate strike length of 225 m. There are two sub-parallel splay zones VES-A and VES-B which branch off the main zone. Prior to placing the mine on care and maintenance (Q4-2019) FM successfully mined one level in the VES Zone with excellent results – the composited weighted average grade of historical channel samples within the 1967 EL Stope returned 584 g/t Ag.Eq over a strike length of 71 m and average width of 1.89 m (Table 2).