Business
Silver Hammer Mining Identifies 15 New Priority Exploration Targets from Recent Geophysical Compilation at Silver Strand Project
Vancouver, British Columbia--(Newsfile Corp. - April 3, 2023) - Silver Hammer Mining Corp. (CSE: HAMR) (OTCQB: HAMRF) (FSE: 7BW0) (the "Company" or "Silver Hamm
About this update from Silver Hammer Mining Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - April 3, 2023) - Silver Hammer Mining Corp. (CSE: HAMR) (OTCQB: HAMRF) (FSE: 7BW0) (the \"Company\" or \"Silver Hammer\") is pleased to announce that it has recently completed a property-wide geophysical compilation at its Silver Strand Project in Idaho. Results were very positive and highlighted multiple new priority targets for the Company's 2023 exploration program. \"Silver Hammer is excited to discover 15 new priority exploration target zones from our recently completed geophysical compilation using data from 2004 to 2022,\" commented President & CEO, Peter A. Ball. \"Most of the new targets within the property are located in the Revett Formation, which hosts our Silver Strand Mine. The same silver belt is within the renowned Coeur d'Alene mining district in Idaho that has produced over 1.2 billion ounces of silver and is host to some of the world's largest silver mines. We are currently finalizing our submission of a Plan of Operations to the United States Forest Service, and with the new target zones, we anticipate an active year of exploration at our Silver Strand project.\" Geophysical Compilation Summary Fifteen moderate to priority exploration target zones were identified from the geophysical surveys. The highest ranked targets are associated with chargeability anomalies and moderate to low conductivity. Most of the targets are located within the Revett Formation, which hosts the Silver Strand Mine. The targets primarily identified from the Direct Current Induced Polarization (\"DCIP\") results are considered moderate to high priority for follow-up, because these areas most closely resemble the responses identified around the Silver Strand Mine. These targets will be scheduled for ground follow-up to investigate the geological sources of the responses, and further geological interpretation of the geophysical surveys may identify further structural information in the data. Technical Overview Geophysical Compilation Overview In 2004, DCIP and Very Low Frequency (\"VLF\") surveys were conducted by Lou O'Connor and Minex Exploration for New Jersey Mining Company at the Silver Strand property. In 2021, an Unmanned Aerial Vehicle (\"UAV\") magnetic survey was completed by MWH Geo-Surveys International Inc. In 2022, Big Sky Geophysics completed a DCIP survey. The geophysica...