Summa Silver Corp. announced results from an ongoing data compilation and geologic modelling at the Hughes Project near Tonopah, Nevada, including historic underground rock sampling data. These data highlight the exploration potential of multiple, previously untested high-grade zones in the historic Belmont Mine.

Key Highlights. Multiple new high-grade silver and gold zones have been defined based on a compilation of historic underground sample data. Highlights include grades up: 3,204 g/t silver equivalent; (1,639 g/t Ag, 20.2 g/t Au) from the Belmont 1000 level., 3,164 g/t silver equivalent (1,854 g/t Ag, 17.5 g/t Au) from Vein 953., o 2,739 g/t silver equivalent (2,229 g/t Ag, 8.6 g/t Au) from Vein 707., o 2,192 g/t silver equivalent (350 g/t Ag, 21.9 g/t Au) from a potential extension of the Belmont Vein.

These un-mined zones present compelling drill targets and show that significant mineralization still exists in the historic Belmont Mine, which is reported to have produced 36.7 M ounces of silver and 428 K ounces of gold at grades of 1,137 g/t silver equivalent (599 g/t Ag and 6.99 g/t Au) between 1903 and 19292. The final drill hole of the 2023 Hughes drill program is complete representing a 650 m step out to the east from the Ruby discovery. The hole intersected extensive hydrothermal alteration and metre scale zones of quartz veins, breccias and stockworks locally host to visible silver sulfide mineralization.

Assays are pending. Since restarting exploration here in 2020 after decades of no activity, work has shown that significant high-grade zones of silver and gold remain un-mined. This is also true throughout the entire historic Tonopah Mining District, where neighbor Blackrock Silver just announced a 100M ounce silver equivalent resource at over 500 g/t silver equivalent on their Tonopah West project.

On-going compilation of historic data highlights multiple new drill targets, including: Belmont Vein Potential Extension - Twenty-three samples were collected along an un-named and unmined vein 240 m along strike from the Belmont Vein stopes.