Reiners schrieb 23.12.24, 21:43
What's ahead in early 2025 → 3 Major catalysts → A holiday message from our CEO 🎁❄️⛄️ Enjoy the holidays $SSVR $SSVRF #silver
[Galen McNamara / CEO Summa Silver]: I just wanted to take a little bit of time today and wish everyone a great holiday season and give you a quick look at the major catalysts that are coming for us at Summa Silver in 2025.
There's a few I'd like to talk to you about. But to start first: 1️⃣after four years of drilling the rigs are on site at the Hughes Project in Nevada.
And we expect to have some results through Q1 of next year.
We're completing a 7,000 meter program aimed primarily at extending the Ruby Discovery – stepping out from previously discovered mineralized zones – one of which that included three meters of 1,450 grams per ton silver equivalent. And stepping out aggressively, 80 meter step outs, 100 meter step outs to try to footprint, number one, footprint a significant zone of mineralization out there.
But number two: look for the main structure out there. What in Mexico they would probably call the Veda Madre because where in the district it exists, you know, it gets to be meters wide and thousands of grams per ton silver equivalent.
So that's one of the big questions that we want to answer. Where is that main structure east of the district?
And if we find it, we've got 4 kilometers of room out there to run with it and really drill it out.
So that's definitely something that all of us at the company, especially geologists in the geologists in Nevada, think about and talk to us about – talk to me about – all the time. So that's one catalyst.
And that's great.
But perhaps more even more exciting is that we're going to be starting 2025 with 2️⃣two maiden resource estimates.
This will be a real benchmark for – a real gate for our company – because it will allow us to benchmark valuation against our peers.
You know, we've been working very hard on both of these projects for the last 4 years now and done a lot of drilling to the tune of something like 40,000 meters between the 2 projects.
And so there's a lot of data for us to look at, but also putting out resource estimates.
I'm very much looking forward to doing that some time in January.
And importantly, especially in Nevada at the Hughes project,
I mean, investors know that we're right next door to BlackRock Silver who have drilled 100 million ounces out of silver equivalent out there. And we're going to be using the exact same mineral resource estimator, the same qualified person, the same independent firm is going to do it for us as well.
So it can be as much of an apples-to-apples comparison as possible.
And I think that's important for investors. And that's great.
But the other thing here that I don't think is priced into our stock at all is that, of course, we have a second project. A second American high grade silver project that 3️⃣ we're also going to be publishing a mineral resource estimate for as well.
So where we get at the end of the day, you know, we'll see, but I'm feeling very optimistic. And then from there, I think it's going to be very clear, though, that no matter what we put out – what the numbers end up being – is that additional upside will be clear when we're talking about generally a small minority of these projects that we've drilled.
So there's a lot more to do and a lot more value for us to add throughout 2025 and beyond.
So perhaps I'll wrap it up there and just finish by wishing everyone a happy holidays. Please feel free to contact us at Summa Silver anytime should you have any questions or comments. Happy Holidays!
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