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Summa Silver Corp. (TSXV: SSVR, OTC: SSVRF, FRA: 48X)

Summary

Summa Silver Corp. (TSXV: SSVR) is a Canadian junior mineral exploration company. The Company owns a 100% interest in the Hughes Project located in central Nevada and has an option to earn 100% interest in the Mogollon Project located in southwestern New Mexico. The Hughes Project is host to the high-grade past-producing Belmont Mine, one of the most prolific silver producers in the United States between 1903 and 1929. The Mogollon Project is the largest historic silver producer in New Mexico. Both properties have remained inactive since commercial production ceased and neither have seen modern exploration prior to the Company’s involvement.

Stock Chart

Share Structure

As of October 17th, 2022
Shares Issued 76,832,376
            Warrants 17,230,715
             Options 6,307,500
Fully Diluted 100,370,591

Investment Highlights

  • Advancing the Hughes Property in Nevada & Mogollon Project in New Mexico.
  • Prolific high-grade past producing silver-gold districts with large-scale ounce potential.
  • High-grade results in drilling with multiple zones over 2,000 g/t Ag equivalent.
  • Substantial drilling planned at spacing required for first resource estimates.
  • United States focused silver and gold development company.
  • Targeting 43-101 resource on two high-grade silver projects.

Projects

Mogollon Property 

The Mogollon district presents a very rare discovery opportunity, and for good reason. It is of strong belief that the district has the potential to be one of the great remaining vein fields still left in the United States.

Hughes Property

Located in the heart of the famous historic Tonopah District and covering 5km of its possible eastern extension, the Hughes Property represents a unique opportunity to both revitalize a historic district and make new discoveries in the shadows of the headframes of some of America’s great historic silver producers.

Management Profiles

Galen McNamara CEO & Director

Co-founder and geologist with over 15 years of discovery and capital markets experience, former Senior Project Manager at NexGen Energy, Co-founder and Chairman of Goldshore Resources and Angold Resources.

Chris York VP Exploration

Economic geologist with over 12 years experience focused on sediment hosted and epithermal narrow vein deposits, former Exploration Manager for Klondex Gold and Silver running all field activities.

Christopher Leslie Senior Geologist

Economic geologist with over 15 years of experience in mineral exploration focused on the discovery and advancement of gold and silver deposits, co-discoverer of the 8.2 million ounce Blackwater Gold Deposit.

Garrett Ainsworth Technical Advisor

Highly accomplished geologist and mining executive, key role in two world-class uranium discoveries, President, CEO and Director of District Metals Corp.

Michael Konnert Director

Founder, CEO and Director of Vizsla Silver Corp, Co-founder and managing partner of Inventa Capital, 10+ years experience in mining and capital markets.