Intersections At The Hughes Property
VANCOUVER - Summa Silver Corp. reported that drilling remains ongoing on the Hughes property with results now pending for 7 additional holes, and drilling taking place at the Ruby Discovery. Most holes have intersected zones of quartz-adularia veins, stockworks, and breccias typically featuring visible Ag-sulfosalts.
Galen McNamara, CEO, said, “Results mark significant and successful step-outs in both the Rescue Veins and at the Murray Target. In both areas, the footprints of high-grade mineralization continue to grow and remain open. We are encouraged not just by the high-grades present, but also with the wide intercepts of the veins. At Rescue, it is now clear that several stacked mineralized horizons are present. Substantial further drilling is required as we efficiently build high-grade ounces while pressing towards mineral resource estimates at both the Hughes and the Mogollon properties in 2022."
In all holes the high-grade intercepts comprised silver-sulfosalt bearing, banded to brecciated quartz ± adularia veins with associated argillic alteration halos. The south-west striking, structurally-controlled veins are hosted in intermediate to felsic volcanic and volcaniclastic rocks of the Mizpah Formation. The newly reported intervals demonstrate the significant ounce potential of the high-grade Rescue vein system. Additional drilling is warranted to further investigate the extent and the
Six holes in 2021 have so far tested the gently-dipping, southwest-striking Murray vein hosted along the regional-scale Tonopah fault at the Murray target.
Hole SUM21-040 tested the down-dip extension of mineralization hit in numerous holes in 2020. The hole hit the mineralized structure approximately 215 m down-dip from SUM20-17 and intersected 506 g/t AgEq over 6.1 m including 1,085 g/t AgEq over 0.9 m. This intercept supports the down-dip potential of the Murray vein.
Mineralization at the Murray Target is associated with broad intervals of strong argillic alteration cored by zones of quartz stockwork up to 30 m wide and local Ag-sulfosalt bearing, banded quartz veins.
Three holes tested the gently-dipping, east-striking Halifax vein of the Mizpah Extension target that was first drilled in 2020. Holes SUM21-34, 35 and 43 hit broad intervals of anomalous silver and gold mineralization hosted in epithermal-related veins and stockworks, along strike from SUM20-09, suggesting further drilling is warranted.