Sep 12 2013
Silver Mountain Mines Inc. ("Silver Mountain" or the "Company") is pleased to announce that its 2013 exploration field program has successfully been completed on its wholly-owned Ptarmigan Mine property (the "Property"), located near Radium, British Columbia.
The proposed gravity survey (see News Release dated July 23, 2013) was expanded, with data acquired on the Ptarmigan/Iron Cap, Horsethief and Gopher Creek and Nip and Tuck grids. A total of 1,418 stations were measured along 74 lines over 76 kilometer throughout high areas of interest.( http://www.silvermountainmines.com/maps.asp) Strong density contrasts are expected in the resulting gravity data between fault, vein and/or manto-style massive sulphide mineralization (previously reported form the Property) and predominantly siliceous dolomites comprising the host rocks. The resulting gravity data is expected to delineate several, prominent anomalies for subsequent evaluation and follow-up assessment.
"Our goal is to obtain geophysical profiles across fault systems in areas documented to host precious and/or base metal-enriched, massive sulphide mineralization, including gold, silver, copper and lead. The gravity data is further expected to help constrain the location, depth and possible size of each anomaly, resulting in well-defined drill targets for a 2014 exploration program. The gravity survey is further expected to assist in delineating structural features, including faults and intrusive contacts, and potential alteration that may be related to mineralization" says Steve Konopelky, President of Silver Mountain.
The on-going Geochemical Sampling Program resulted in collection of additional soil, silt and/or rock samples, 151 rock samples, 11soils and 14 silts samples were collected and have been submitted to AGAT Laboratories for quantitative analysis. Results from the geochemical sampling program are pending and will be reported once analytical results have been received and reviewed by the Company. Please see http://www.silvermountainmines.com/maps.asp for updated maps
Additionally, the Company acquired 100% ownership of 699 hectares of adjacent lands to increase our position to 9,986 hectares during this year's program.
Lastly, the Company also announces that Mr. Charles Burgess, Director of the Company, will be retiring from the board at this year's Annual General Meeting. The Company thanks Mr. Burgess for his efforts and contributions, and wishes him well in his future endeavors.
About Silver Mountain Mines Inc. (TSX VENTURE:SMM)
Silver Mountain Mines Inc. is a Canadian based exploration and development company with 100% ownership of a 9,986 hectare property centered on the historical silver rich Ptarmigan Mine in south eastern, British Columbia. The property hosts two styles of mineralization: silver rich, high-grade polymetallic epithermal veins and manto style massive / semi-massive sulphide mineralization.
For further information on Silver Mountain Mines Inc. please visit the Company's website http://www.silvermountainmines.com and SEDAR (www.sedar.com).