Significant High-Grade Drill Results At Page Mine's Historic Resources Expanding Mineralization At Depth


VANCOUVER - Silver Valley Metals Corp. reported on significant high-grade historical drill results that expands the Page Mine substantially at depth at its Ranger-Page Project, Silver Valley, Idaho.  

Highlights: 1) Drill hole 34-371_N intercepts 1,960 g/t silver equivalent (264 Ag g/t, 25.2% zinc, 25.0% lead) over 1.60 meters. 2) Drill hole 34-142_NE intercepts 765 g/t silver equivalent (267 Ag g/t, 3.1% zinc, 13.4% lead) over 2.4 meters and 532 g/t silver equivalent* (90 Ag g/t, 3.9% zinc, 10.3% lead) over 2.9 meters for a total of 5.3 meters of high-grade mineralization with these two intervals separated by 2.5 meters of negligible mineralization. 3) Drill hole 34-371_W intercepts 538 g/t silver equivalent (23 Ag g/t, 11.7% zinc, 2% lead) over 3.7 meters and 454 g/t silver equivalent (30 Ag g/t, 8.6% zinc, 3% lead) over 5.5 meters for a total of 9.2 meters of high-grade mineralization with these two intervals separated by 1.8 meters of negligible mineralization. 4) Drill hole intercepts range from 11 meters to 168 meters below the high-grade historic resources at the Page Mine (near true width). 5) A top ten historical producer in the Silver Valley, the Page Mine was mined to approximately 806 meters below elevation over 44 years; with these historical drill results, Page remains open within high grade mineralization to near one kilometer below elevation extending the Page Mine's depth by approximately 17%; or when considering past production, 7.5 years of historic production. 6) Over 750 meter strike length defined at depth.

"The Company is extremely satisfied with these drill results at our past producing Page Mine in the western end of the Silver Valley", said CEO, Brandon Rook. "These results clearly show that the Page Mine has not been exhausted, but rather, indicates it may be getting wider with a longer strike length at depth.  The vein structure (Tony vein) has been modeled over 750 meters in strike length and high-grade mineralized intercepts up to 551 feet (168 meters) below our historic resources are encouraging especially when considering there are 10 major mines within 15 kilometers of our project including Bunker Hill on our border, where all have been mined between 4,000 feet and 10,000 feet below surface. Silver Valley is encouraged that, at only 2,644 feet below elevation, there is a long way to go before the Page Mine's depth is defined.  The drill hole intercepts continue to be hosted in the Revett formation; this is the host rock to the most prolific mines in the District."