Silver Hammer Mining Corp. provided an update on the company’s Silver Strand and Silverton projects’ ongoing targeting and permitting work.
Planned Drill Targets at Silver Strand Project. Image Credit: Silver Hammer Mining Corp.
At its flagship Silver Strand Project, the Company has updated and refined its 3D model with a series of proposed drillholes for a Phase II drill campaign that is designed to test continuity up to 220 m below the existing mine workings and 165 m down dip from Phase I drilling.
The Company is also continuing to evaluate shallow targets along the 5.5 km strike of Silver Hammer, where significant gold and silver surface samples were obtained during successful field work in 2021. The company is in active discussions with local contractors and plans to start its Phase II program in Q2/2022.
Furthermore, at its Silverton Project in Nevada, the Company has applied for several drill permits and expects to have them in place by the end of Q2/2022. Recent sampling and mapping revealed an interpreted extension of known surface mineralization to the SW under shallow cover, prompting additional staking to expand the property.
Annual General Meeting
The Company also announced that the annual general meeting (the “AGM”) of shareholders will be held on March 31st, 2022 at McMillan LLP, situated at Suite 1500, 1055 West Georgia Street, Vancouver, British Columbia.
The proxy materials for AGM have been filed on SEDAR, and they include, among other things, the election of directors. Mr. Dake resigned as a director of the Company on March 3rd, 2022, to pursue other interests, and he will no longer be up for election at the AGM.
Mr. Dake was one of the founding members of the Company’s board of directors, and the Company acknowledges his contributions.
We are very pleased with how quickly and cost-effectively we have moved from the project acquisition stage to field work, targeting, permitting, and drilling during 2021. We look forward to building on our successful 2021 and are actively progressing towards a Phase II program at Silver Strand while concurrently advancing our targeting and permitting at Silverton.
Morgan Lekstrom, President and CEO, Silver Hammer Mining Corp.
Lekstrom adds, “We’d also like to thank Michael Dake, who served as an initial board member of Lakewood Exploration before our recent progress and transition to Silver Hammer Mining and wish him all the best in his future endeavors.”