Silver Hammer Hires Drilling Contractor for Short-Term Drilling Program on Silver Strand Project in Idaho


Silver Hammer Mining Corp.

Figure 1

Phase II drilling planned at Silver Strand

Phase II drilling planned at Silver Strand

VANCOUVER, British Columbia, July 07, 2022 (GLOBE NEWSWIRE) — Silver Hammer Mining Corp. (CSE: HAMR; OTCQB: HAMRF) (the “Company” Where “Silver Hammer”) is pleased to announce its intention to commence an 11-hole Phase II diamond drilling program from the Company’s established underground drill station before the end of July at its former Silver Strand project in Idaho.

The Phase II drill program will focus on expanding the known silver-gold zone down dip and will also assess the potential for additional mineralized downfalls (Figure 1). Targets for this program are based on exploration work completed by Silver Hammer in 2021, including a drone-assisted magnetic survey, Phase I drilling, as well as the integration of drill data acquired from the former owners of the Silver Strand Project (see the press release of January 26, 2022).

“This Phase II drilling program will build on the results of the Phase I program completed in late 2021, which confirmed that silver and gold sulphide mineralization extends beneath historic mine workings” , said Chairman and CEO Morgan Lekstrom. “As with Phase I, we will use an existing underground drift and drill bay, which we rehabilitated last year, to begin testing the depth extent of the known ore body as well as testing additional ore chutes. in a very cost effective way.”

Figure 1. Planned Phase II drilling at Silver Strand

The Company has signed a contract with Nasco Industrial Services and Supply, which will use 3.5 inch diameter HQ drill core for good core recovery and relatively large core samples for reliable assays.

Silver Hammer is also progressing exploration at the Eliza project in Nevada with a detailed follow-up soil grid sampling program, the results of which are expected in late July.

Qualified person

The technical aspects of this press release have been reviewed and approved by Philip Mulholland, a Certified Professional Geologist (CPG) of the American Institute of Professional Geologists, a company contractor, and the Designated Qualified Person (QP) under of National Instrument 43-101. Disclosure standards for mining projects.

About Silver Hammer Mining Corp.

Silver Hammer Mining Corp. is a junior resource company advancing the former flagship Silver Strand mine in the Coeur d’Alene mining district of Idaho, United States, as well as the Eliza Silver Project and Silverton Silver Mine in one of the largest in the world. prolific mining jurisdictions in Nevada and the Lacy Gold Project in British Columbia, Canada. The main objective of Silver Hammer is to define and develop silver deposits near old mines that have not been sufficiently tested. The Company’s portfolio also provides exposure to copper and gold discoveries.

Disclaimer: Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s projects.

On behalf of the board of directors of Silver Hammer Mining Corp.

Morgan Lekström, President and CEO

Headquarters: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada

For any inquiries relating to investor relations, contact:

Kristina Pillon, High Tide Consulting Corp.
Such. : 604.908.1695

For media inquiries, contact:

Adam Bello, Primoris Group Inc.
Such. : 416.489.0092

CSE has neither approved nor disapproved of the contents of this press release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.


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