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Silver Valley Metals Provides Corporate Overview, Update on Its Sulphate of Potash and Lithium Project, and Outlook for 2022
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2022) - Silver Valley Metals Corp. (T...
About this update from Silver Valley Metals Corp
[{"type":"text","content":"Silver Valley Metals Provides Corporate Overview, Update on Its Sulphate of Potash and Lithium Project, and Outlook for 2022Vancouver, British Columbia--(Newsfile Corp. - March 31, 2022) - Silver Valley Metals Corp. (TSXV: SILV) (OTCQB: SVMFF) (\"Silver Valley\" or the \"Company\"), a brownfields exploration Company with two potential high impact projects that comprise lithium - potassium (sulphate of potash) and silver-zinc-lead, respectively, is pleased to provide an overview, update, and outlook for 2022. It has been a transformative time for Silver Valley Metals over the past eight months. Eight months ago, after the Company consummated its first transaction in northern Idaho's prolific Silver Valley, the Company changed its corporate name to Silver Valley Metals, and its focus to the exploration and potential future development for silver, zinc, and lead. The project borders to the west the largest mine in the Silver Valley, Bunker Hill, and comprises five high-grade historical mines that are shallow and remain open at depth and along strike. Following this first transaction, the Company followed up four months ago (November 2021) and closed a second transaction that triples the original project size and consolidates under one operator for the first time the western extension of the Silver Valley mining corridor. Importantly, the entire project is located on patented land, and includes an option to own the Page Mine (the sixth mine on the newly consolidated project package) which is a top ten historical producer in the valley. The Page mine remains open at depth and possesses significant historical mineral reserves. The entire project area has never had modern exploration applied to it. See below project development plans for 2022.In-situ historical reserves:TonsSilver (g/t)Silver (oz)Zinc (%)Zinc (lbs)Lead (%)Lead (lbs)Silver Equiv. (g/t)*Silver Equiv. oz's *Zinc Equiv. Grade (%)*Zinc Equiv. (lbs)*218,00087.4555,72710.3445,082,4005.2222,759,2005993,810,38016.873,276,540 * Silver Equiv. and Zinc Equiv. assumptions: Silver (Ag) price of US$25.00/oz, Zinc (Zn) price of US$1.30/lb, Lead (Pb) price of US$1.00/lb **Source: United States Geological Survey (USGS) Page Mine - https://mrdata.usgs.gov/mrds/show-mrds.php?dep_id=10073450Update: Mexican Lithium-Potassium (Sulphate of Potash) Project:Following up on the news release...