Category: Silver Hammer

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Base Metals Energy Junior Mining Precious Metals Silver Hammer

Silver Hammer Files NI 43-101 Technical Report for the Silver Strand Project in Coeur d’Alene Mining District of Idaho and Announces Voting Results from 2023 Annual General Meeting

Vancouver, British Columbia–(Newsfile Corp. – April 5, 2023) – Silver Hammer Mining Corp. (CSE: HAMR) (OTCQB: HAMRF) (FSE: 7BW0) (the “Company” or “Silver Hammer“) is pleased to announce that it has filed a National Instrument 43-101 compliant technical report (“Technical Report“) titled: Independent NI 43-101 Technical Report for the Silver Strand Gold-Silver Project (the “Project“), Kootenai County, Idaho, USA, on SEDAR.

“As we continue to evaluate our Silver Strand Project in Idaho, updating the 43-101 Technical Report is a positive step to fully understanding the exploration opportunity at the property. The recent completion of the geophysics compilation will help us target further priority exploration zones along the 5.8-kilometre-long Project,” commented President & CEO, Peter A. Ball. “We are currently completing our Plan of Operations, to be submitted to the United States Forest Service, which will highlight our exploration strategy for the coming seasons at the Project.”

The Technical Report was prepared in accordance with the Canadian Securities Administrators NI 43-101- Standards of Disclosure for Mineral Projects; and is available for review under the Company’s profile on SEDAR at www.sedar.com and the Company’s website at www.silverhammermining.com.

Annual General Meeting

The Company is also pleased to report results from its annual general meeting of the shareholders (“the AGM“) which took place on March 29, 2023, where all proposed resolutions were unanimously supported and all current board members of the Company re-elected, including Peter. A Ball (CEO), Alnesh Mohan (CFO), and independent directors, Lawrence Roulston, Ron Burk, and Joness Lang.

Qualified Person

Technical aspects of this press release have been reviewed and approved under the supervision of Philip Mulholland (CPG). Mr. Mulholland is a Qualified Person (QP) under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Silver Hammer Mining Corp.

Silver Hammer Mining Corp. is a junior resource exploration company advancing its flagship past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, as well both the Eliza Silver Project and the Silverton Silver Mine in one of the world’s most prolific mining jurisdictions in Nevada. Silver Hammer’s primary focus is defining and developing silver deposits near past-producing mines that have not been adequately explored. The Company’s portfolio also provides exposure to copper and gold discoveries.

On Behalf of the Board of Silver Hammer Mining Corp.

Peter A. Ball
President & CEO, Director
E: peter@silverhammermining.com

For investor relations inquiries, contact:

Kristina Pillon
High Tide Consulting Corp.
T: 604.908.1695
E: investors@silverhammermining.com

Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of Canadian securities legislation. Such forward-looking statements concern, without limitation, the Company’s strategic plans, timing and expectations for the Company’s exploration and drilling programs, estimates of mineralization from drilling, geological information projected from sampling results and the potential quantities and grades of the target zones. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; and the historical basis for current estimates of potential quantities and grades of target zones. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors, including the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data, and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

The CSE does not accept responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/161269

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Base Metals Energy Junior Mining Precious Metals Silver Hammer

Silver Hammer Identifies 15 New Priority Exploration Targets from Recent Geophysical Compilation At its 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 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 geophysical compilation and interpretation study was completed by Condor North Consulting ULC. The study was focused on investigating the resistivity and chargeability models along with the magnetic data to determine geophysical responses to help highlight areas of interest on the project area. The 2004 DCIP and VLF survey consisted of 4 line-kilometres (“km”) of surveying over five lines. The DCIP survey used 50 metre (“m”) dipoles in a dipole-dipole electrode configuration. VLF readings were taken along the same lines at 12.5 m intervals using three stations, Jim Creek, Lualualei and Cutler. The 2022 DCIP survey consisted of 4.5 line-km of surveying over 3 lines. A 100 m dipole spacing was used with a dipole-dipole electrode configuration.

Figure 1: The combined 2004 and 2022 3D (DCIP) conductivity (left) and chargeability (right)
inversion results for a draped depth surface 50 m below topography.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9597/160801_4e3a8055b41c7ad3_001full.jpg.

“The geophysical results compared to the known geological model appear to highlight key features of the Silver Strand deposit, and have generated some exciting new previously unknown targets,” commented Phil Mulholland, Chief Geologist. “After working on the Silver Strand Project for two years, the geophysical study clearly indicates the potential of the property and provides additional information to execute an aggressive property-wide exploration program.”

The conductivity results in Figure 1 show that the southern half of the survey area is more conductive than the northern half. The strongest conductivity feature runs along the south edge of the 2004 survey area. Several chargeability anomalies are present within the central portion of the surveys, including the Silver Strand Mine.

UAV Magnetic Survey

The UAV magnetic survey was completed from August 3rd to 19th, 2021. A total of 521 line-km was collected with a line spacing of 25 m (MWH, 2021).

The measured magnetic data reveals a small variation in magnitude throughout the survey area. This small range indicates there is a low variation in the magnetic susceptibilities of the underlying rocks. The magnetic data shows several west-northwest trending narrow magnetic highs, predominately along the southwest half of the grid. These highs may indicate the presence of mafic dikes, which is of interest due to the proximity of these dikes to mineralization found in the Silver Strand Mine. These magnetic lineaments are displayed along with faults from geologic maps in Figure 2.

Figure 2: Interpreted magnetic lineaments with faults, (Idaho Geological Survey, Browne 2002)
on draped depth slice from the 3D susceptibility model at a depth of 50 m below surface.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9597/160801_4e3a8055b41c7ad3_002full.jpg.

VLF Results

The 2004 VLF data identified several conductors, which corresponded with conductive areas in the DCIP conductivity model. The VLF conductors appear to correlate with magnetic highs to the northeast of the mine area, while the southern conductive trend shows a more variable magnetic response. The two VLF anomalies to the southwest of the mine area are associated with a broad magnetic low.

Target Zones Study

The purpose of this study was to compare DCIP, VLF and UAV magnetic data of a known mineral occurrence located at the Silver Strand Mine. Target zones would have similar geophysical characteristics and may include areas of anomalous conductivity, chargeability and/or susceptibility.

The 50 m draped depth slices from these two products are shown in Figure 3 with the mapped mafic dikes at the mine site shown in black. From these images a chargeability anomaly and low conductivity are located along the western half of the dike location and extending further to the northwest. The conductivity low may be related to silicification observed at the mine site, while the chargeability anomaly is likely caused by disseminated sulphides that are also present at the mine site. These observations indicate that other chargeability anomalies in the survey area, especially where they are coincident with conductivity lows, are of interest for further investigation.

The target zones are based on the DCIP results along with the magnetic trends. The geophysical responses observed in the area of the Silver Strand Mine were used to prioritize the targets.

Figure 3: Target Zones are shown from 3D conductivity (left), chargeability (centre)
and susceptibility (right) models 50 m below the surface. Mafic
dikes are shown from the mine site by black polygon.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9597/160801_4e3a8055b41c7ad3_003full.jpg.

Figure 4: Magnetic Target Zones are shown on draped depth slice 50 m below the
surface from 3D susceptibility model with interpreted faults.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9597/160801_4e3a8055b41c7ad3_004full.jpg.

Qualified Person

Technical aspects of this press release have been reviewed and approved under the supervision of Philip Mulholland, P.Geo. Mr. Mulholland is a Qualified Person (QP) under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Silver Hammer Mining Corp.

Silver Hammer Mining Corp. is a junior resource exploration company advancing its flagship past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, as well both the Eliza Silver Project and the Silverton Silver Mine in one of the world’s most prolific mining jurisdictions in Nevada. Silver Hammer’s primary focus is defining and developing silver deposits near past-producing mines that have not been adequately explored. The Company’s portfolio also provides exposure to copper and gold discoveries.

On Behalf of the Board of Silver Hammer Mining Corp.

Peter A. Ball
President & CEO, Director
E: peter@silverhammermining.com

For investor relations inquiries, contact:

Kristina Pillon
High Tide Consulting Corp.
T: 604.908.1695
E: investors@silverhammermining.com

Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of Canadian securities legislation. Such forward-looking statements concern, without limitation, the Company’s strategic plans, timing and expectations for the Company’s exploration and drilling programs, estimates of mineralization from drilling, geological information projected from sampling results and the potential quantities and grades of the target zones. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; and the historical basis for current estimates of potential quantities and grades of target zones. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors, including the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data, and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

The CSE does not accept responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/160801

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Energy Junior Mining Silver Hammer

Silver Hammer Reports Drill Results from Phase II Program at the Silver Strand Project in Idaho

VANCOUVER, British Columbia, Jan. 04, 2023 (GLOBE NEWSWIRE) — Silver Hammer Mining Corp. (CSE: HAMR; OTCQB: HAMRF) (the “Company” or “Silver Hammer”) is pleased to report drill results from the Phase II drilling program at the Silver Strand Project (“Silver Strand” or “the Project”). The Company completed nine drillholes from its previously established underground drilling station that were generally focused on testing the historically mined zone of gold-silver (“Au-Ag”) mineralization at greater depth and further along strike.

Key Highlights and Takeaways:

  • Six of the nine drillholes returned >100 grams per tonne (“g/t”) Ag and/or >1 g/t Au intercepts.
  • SS22-017 intersected 2.9 g/t Au over 8.4 metres (“m”), including 4.4 g/t Au and 74.5 g/t Ag over 1.8 m, demonstrating the potential for significant gold grades at Silver Strand.
  • SS22-015 intersected three mineralized zones, including 613 g/t Ag over 0.5 metres (“m”) extending mineralization to 65 m below historical workings.
  • SS22-18 also intersected multiple zones: 212 g/t Ag and 0.67 g/t Au over 1.5 m, and 2.45 g/t Au and 8.9 g/t Ag over 4.4 m.
  • SS22-011 intersected 115 g/t Ag and 2.0 g/t Au over 0.7 m within a broader 5.5 m interval of lower grade Ag mineralization, and an additional 9.9 g/t Ag and 1.7 g/t Au intercept over 2.1 m further downhole in an area with no previous drilling.
  • 2022 drilling results extend mineralization further along strike to the northwest, southeast and to depth (see Figure 1 and Table 1).

“These new results demonstrate consistent gold and silver values in mineralization beneath and adjacent to the historical mine workings at Silver Strand,” stated Interim President and CEO, Warwick Smith. “We are particularly encouraged to see elevated gold values in mineralization extending beyond our previously modeled and interpreted zone that was based on limited historical drilling. We believe we are still very much in the upper part of the structurally controlled Ag-Au system and these new results from a modest (667 m) and cost-effective drilling program coupled with our recently completed geophysics point to the potential for additional lenses of mineralization that we can pursue in subsequent drilling campaigns.”

Figure 1: Previously modelled mineralized zone and mined out areas shown with highlighted Phase II results. Downhole grade class colours shown on drillhole traces combine anomalous values for gold and silver.

Program Details and Interpretation and Summary of Results

A total of nine HQ (6.35 centimetre) core holes were completed by local drilling contractor, Nasco Industrial Service and Supply (NISS), totaling 667 metres (“m”). Eight of the nine holes, drilled from an underground drilling station established by the Company, encountered mineralization within the anticipated structural and silicified zone which measures 30 m wide over a 170 m strike length to-date. This structural zone is defined by multiple, near-vertical fractures some of which are intruded by post-mineral mafic dikes that can be traced along the surface by magnetics surveying.

The results from the Phase II drilling program at Silver Strand demonstrate that the mineralized system continues well outside of the previously mined areas. Drillholes SS22-009, SS22-011, SS22-012, and SS22-013 were designed to test to the southeast beyond the modelled Silver Strand mineralization. Three of these drillholes successfully intersected Au-Ag mineralization and lend support to the Company’s view that the known Silver Strand zone can be extended to greater depth and that there is good potential for additional mineralized ‘chutes’ along strike. Besides yielding encouraging intercepts of Au-Ag mineralization the Phase II drillholes confirmed that the known mineralization is hosted within a 20 to 40 m wide zone of pervasive silicification that is superimposed on fractured quartzite rocks believed to belong to the Revett formation, the most productive ore-hosting formation in the Coeur d’Alene mining district. Also, the drillholes intersected at least four post-mineral mafic dykes that are interpreted to have been intruded into the quartzites along structures some of which had already acted as conduits for the precious metal-enriched hydrothermal fluids. In fact, the better mineralized intercepts are found along the faulted contacts of a number of the mafic dykes.

Going forward, the Company will be updating its 3D model of the Silver Strand deposit, incorporating lithological and alteration information as well as the multi-element geochemical data produced by the drillhole assays from the two drilling programs. The new model will then be examined in the context of the existing magnetics and induced polarization survey data the Company has acquired over the known mineralization. It is anticipated that a geophysical ‘signature’ will be defined for the Silver Strand structure which will allow it to be traced across the property, a potential strike length of five kilometers. This will then translate into new high-potential drill targets being defined on the 5.85 km² property.

Technical Background

The world-class northern Idaho silver-lead-zinc mining district is underlain by Proterozoic fine-grained metasedimentary rocks of the Belt Supergroup. Regional compressive tectonism folded the quartz-rich sandstones, siltstones and mudstones into WNW-ESE trending anticlines and synclines, with steeply inclined major fractures being developed along the limbs of these folds, particularly within quartz-rich meta-sandstones (eg. Revett formation quartzites). A major hydrothermal event, possibly related to the emplacement of the Idaho Batholith to the south of the district, deposited into some of the more continuous quartzite-hosted fractures iron carbonate and quartz followed by Pb, Zn, Cu-Sb-Ag sulphides giving rise to the productive Pb-Zn and Ag-rich veins of the Coeur d’Alene district. Subsequent to the regional Pb-Ag-Zn mineralizing event, the folded Belt metasedimentary rocks were subjected to ESE-WNW directed compression that resulted in dextral shearing along pre-existing structures giving rise to the district’s major strike-slip faults, including the Osburn Fault.

Table 1: Highlighted Drill Results from Phase II Campaign at Silver Strand

*All reported intervals are downhole core lengths. Estimated true thickness’ range from 50% to 90% depending on the angle of the drillholes.

Quality Assurance, Quality Control

Sample Security

The following measures were taken to ensure sample security: samples were submitted to the American Analytical Services (AAS) by company personnel following the guidelines and procedures of Silver Hammer Mining Company; only authorized personnel have attended the samples; core was logged at the Silver Hammer core processing facility and then transferred to the AAS lab in Osburn, Idaho.

Analysis Suite

All drill core samples were analyzed by AAS using conventional assay methods involving the fire assaying of 30-gram charges of pulverized sample material for gold and silver, with ICP finishing. Gravimetric analyses were to be applied to any samples that yielded Au values greater than 10 g/t Au and 10 g/t Ag. In addition, pulverized charges were collected for all core samples and were entirely dissolved using 4-acid digestion, with the final solution being analyzed for 35 elements using the ICP-MS method.

Audits or reviews

Internal review of sampling techniques, data, and drilling results by the Company’s management is routinely done through the course of the project.

Standards, Blanks and Duplicates

For quality assurance/quality control purposes, the batches of core samples sent to AAS for assaying and ICP analyses were regularly infused with ‘duplicate’, ‘standard’ and ‘blank’ samples. So-called ‘standard’ samples consisted of certified reference material (OREAS 611) of pulverized rock obtained from OREAS, a company that provides certified reference materials. The ‘blank’ samples consisted of barren landscaping gravel, while the ‘duplicates’ were in fact laboratory duplicates created during sample preparation at the labs of AAS. The laboratory also provided analytical results for their own reference samples for further a QA/QC check. The standards and blanks were inserted into the assay stream by Silver Hammer geologists.

Qualified Person

Technical aspects of this press release have been reviewed and approved by Philip Mulholland, P.Geo., the designated Qualified Person (QP) under National Instrument 43-101.

On Behalf of the Board of Silver Hammer Mining Corp.

Warwick Smith, Interim President and CEO
Corporate Office: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada

For investor relations inquiries, contact:
Kristina Pillon, High Tide Consulting Corp.
T: 604.908.1695
E: investors@silverhammermining.com

For media inquiries, contact:
Adam Bello, Primoris Group Inc.
T: 416.489.0092
E: media@primorisgroup.com

The CSE does not accept responsibility for the adequacy or accuracy of this release.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.

Graphics accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/b8059f87-f960-4471-9c29-310263797766

https://www.globenewswire.com/NewsRoom/AttachmentNg/12d7c627-c3f2-45f0-b1c7-1e5e8837f547

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Energy Junior Mining Precious Metals Silver Hammer

Silver Hammer Makes Leadership Transition and Appoints Warwick Smith as Interim President and CEO

Silver Hammer Mining, Proven and Probable

VANCOUVER, British Columbia, Nov. 23, 2022 (GLOBE NEWSWIRE) — Silver Hammer Mining Corp. (CSE: HAMR; OTCQB: HAMRF) (the “Company” or “Silver Hammer”) is pleased to announce the appointment of the Company’s long term strategic advisor and supporter of the Company, Warwick Smith, as the Company’s new Interim President and Interim CEO, effective immediately.

To facilitate Mr. Smith’s appointment, Morgan Lekstrom has resigned as the President and CEO of the Company, effective immediately. The Company wishes Mr. Lekstrom well in his future endeavors.

Interim President and CEO, Warwick Smith, stated: “Silver Hammer is a well-structured and well-positioned company with cash and high-grade past-producing assets that have tremendous exploration upside. We expect to have assay results from our Silver Strand Project in the coming weeks and have a queue of quality drill targets now defined at our other projects that provide us with optionality in terms of potential joint ventures. I look forward to bringing my experience and working with our team to deliver shareholder value on an interim basis as we put this company on track for future growth.”

WATCH INCOMING INTERIM PRESIDENT & CEO, WARWICK SMITH’S COMMENTS ON TODAY’S NEWS AND THE PATH FORWARD FOR SILVER HAMMER MINING CORP.

Warwick Smith Bio

At just 30 years old, Warwick was a founding shareholder of Riverside Resources Inc. before becoming CEO of Western Pacific Resources Corp. at age 33 where he successfully negotiated the transaction to acquire the Deer Trail Mine (now operated by MAG Silver), while concurrently closing $18M in financing. As current CEO and Director of America Pacific Mining Corp., Mr. Smith negotiated the transaction to purchase the past-producing Madison Mine in Montana, a joint venture, earn-in agreement with major, Rio Tinto, a transaction that was subsequently nominated for the S&P Global Platts Deal of The Year for 2021. Subsequently, Mr. Smith led American Pacific in its takeover of Constantine Metals, which brought the 14 million tonne high-grade VMS Palmer Project, under partnership with Dowa Mining and Metals, into the portfolio.

In 2022 Mr. Smith was nominated for CEO of the Year by S&P Global Platts. As an industry expert, Mr. Smith has been featured on Bloomberg, Benzinga, Investing.com, Mining Journal, Northern Miner, S&P Global Platts, Globe and Mail, Kitco, Traders TV and Mining Weekly and continues to be a significant investor in the mining and metals sector.

About Silver Hammer Mining Corp.

Silver Hammer Mining Corp. is a junior resource company advancing the flagship past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, USA, as well both the Eliza Silver Project and the Silverton Silver Mine in one of the world’s most prolific mining jurisdictions in Nevada and the Lacy Gold Project in British Columbia, Canada. Silver Hammer’s primary focus is defining and developing silver deposits near past-producing mines that have not been adequately tested. The Company’s portfolio also provides exposure to copper and gold discoveries.

On Behalf of the Board of Silver Hammer Mining Corp.

Warwick Smith
Interim President and CEO

Corporate Office:
Suite 206 – 595 Howe Street
Vancouver, BC V6C 2T5

For investor relations inquiries, contact:

Kristina Pillon, High Tide Consulting Corp.
T: 604.908.1695
E: investors@silverhammermining.com

For media inquiries, contact:

Adam Bello, Primoris Group Inc.
T: 416.489.0092
E: media@primorisgroup.com

The CSE does not accept responsibility for the adequacy or accuracy of this release.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.

Categories
Base Metals Energy Junior Mining Precious Metals Silver Hammer

Silver Hammer Significantly Expands Mineralized Footprint with Four Primary Target Areas Identified Through Soil Sampling at the Eliza Project in Nevada

Silver Hammer Mining Corp
Silver Hammer Mining Corp

Figure 1

Eliza Project North Area Soil Grid
Eliza Project North Area Soil Grid

Figure 2

Eliza Project North Area Soil Grid
Eliza Project North Area Soil Grid

VANCOUVER, British Columbia, Oct. 25, 2022 (GLOBE NEWSWIRE) — Silver Hammer Mining Corp. (CSE: HAMR; OTCQB: HAMRF) (the “Company” or “Silver Hammer”) is pleased to report that soil sampling results at the Eliza Project (“Eliza” or the “Project”) have defined significant anomalies that extend well beyond the small historical mine areas.

A total of 518 soil samples were collected from the northern area of Eliza with results ranging from below detection limit to 26.95 grams per tonne (“g/t”) silver (“Ag”). Thirty-nine samples returned grades higher than 1 g/t silver. Results with over 0.5 g/t Ag are highly anomalous and can be considered a tracer of potential larger systems. The purpose of the soil sampling program was to further define the extent of mineralization within the northern area and examine any geochemical patterns that may exist. The soil sampling program has outlined four distinct target areas, which are now being further evaluated. The historic mining areas include the California, Passynak and Belmont mines; a new fourth area, the Western Anomaly will be added to our focus going forward.

President and CEO, Morgan Lekstrom commented: “Our thesis has always been that a methodical and modern exploration approach in districts with small-scale, high-grade historical production can lead to the discovery of much larger mineralized systems. Soil sampling does not typically return silver results greater than 1 g/t, so we are very encouraged not only by the widespread nature of mineralization, but by the highly anomalous values from this program.” Lekstrom added, “This type of low-cost, high-impact exploration work aligns with our current view towards maintaining a strong treasury during the current market environment and we have initiated preliminary discussions with prospective partners on our Nevada assets as we advance these projects toward a drill-ready stage.”

Soil samples are commonly used as a targeting tool to find major discoveries and these results provide evidence supporting the potential for widespread mineralization well beyond the small historical mines dating back to the1860’s Hamilton Silver Rush.

Eliza North Soil Grid
To date, 518 soil samples have been collected from the Eliza North Grid Area, which includes the Passynak, Belmont and California historical mines. The mines are accessible by road and are situated within 670 m of each other. Each mine has a distinct geochemical anomaly collectively stretching over 700 m.

Passynak
The Passynak area is the strongest multi-element anomaly. Significant soil sample results were found over a broad 200 m diameter area. Twelve soil samples show greater than 1 g/t Ag with anomalous copper, lead, antimony, and zinc. Care and attention were given to eliminate any samples collected from past mine dumps or transported surface debris.

Table 1. Sample Result Highlights from Passynak Anomaly

Sample_IDSilver ICP g/tCopper ICP g/tLead ICP g/tAntimony ICP g/tZinc ICP g/t
PN3533926.9523.4729.8163
PN000047302313.9518.9425.6883
PN353424.8818.3364.6976
PN00004731374.46313.728917.39555
PN00004731253.83301.858138.58398
PN00004730253.6619.5253.0086
PN00004731203.51559.3122327.831316
PN353142.51153.820714.24339
PN353361.2714.0292.2296
PN353331.25204.81309.29395
PN00004731431.22141.91386.49299
PN00004731351.0960.312015.74107

Belmont
The Belmont area is characterized by high silver-in-soil values, plus accessory copper, lead, antimony, and zinc. Further work in this area is required to define the zone and the nature of the mineralization.

Table 2. Sample Result Highlights from Belmont Anomaly

Sample_IDSilver ICP g/tCopper ICP g/tLead ICP g/tAntimony ICP g/tZinc ICP g/t
PN3525816.1821.0667.0789
PN00004732868.0391.617119.15157
PN00004732881.6812.5262.5491
PN352861.0236.2826.02128

California
The California prospect area is as widespread as Passynak and crosses the Eberhardt Fault on both the north and south. The Eberhardt Fault is considered a main structure and integral to the mineralizing system. Antimony remained fairly consistent; however, gold appeared in minor values in surface soil samples.

Table 3. Sample Result Highlights from California Anomaly

Sample_IDSilver ICP g/tCopper ICP g/tLead ICP g/tGold FA ICP ppbZinc ICP g/t
PN3536115.5725.7304887
PN353319.3122.547-380
PN00004732597.6617.8251590
PN353714.0916.826695
PN00004731634.0016.2223698
PN00004731522.4421.917-399
PN00004731662.3524.1191494
PN353302.3215.940595
PN353181.9419.13918131
PN00004731061.8116.118354
PN00004730951.6617.82417112
PN00004732601.6318.424499
PN353441.5116.723-368
PN353701.4815.6412289
PN353571.3816.148391
PN00004731641.2020.515385

New Western Anomaly
Two samples south of the Eberhardt Fault on the west side of the grid reported silver and gold anomalies. This area is on the edge of a wider spaced soil grid, but adjacent to the prospective fault zone and will be investigated further in near future work with prospecting and geochemistry.

Table 4: Sample Result Highlights from New Western Anomaly

Sample_IDWGS EastWGS NorthSilver ICP g/tCopper ICP g/tLead ICP g/tGold FA ICP ppbZinc ICP g/t
PN0000473397630525.143408032.0926.9270.233161
PN35264630304.643409502.7021.9300.29889

Sampling Protocol

Soil samples were collected from the “B Horizon” every 75 metres (“m”) on 75m line spacing and then infilled on a 37.5 m spacing in areas of greater interest. Typical sample depths ranged between 30 and 45 centimetres.

Quality Assurance/Quality Control

Assays were processed by American Assay Laboratories Inc. in Sparks, Nevada. The laboratory has its own QA/QC protocols running standards and blanks with duplicate samples in each batch stream. Silver Hammer geological staff inserted a system of field duplicates, blanks and lab standards into the sample stream every 10 samples to ensure QA/QC of the work. A multi-element assay method was used for silver and all other elements called ICP-5AM48 with an ICP-OES/MS finish and reported in ppm. Gold was assayed by fire assay with an ICP finish and reported down to 3 ppb in method FA-PB30-ICP.

Qualified Person

Technical aspects of this press release have been reviewed and approved by Philip Mulholland, a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists, a contractor of the Company and the designated Qualified Person (QP) under National Instrument 43-101.

About Silver Hammer Mining Corp.

Silver Hammer Mining Corp. is a junior resource company advancing the flagship past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, USA, as well both the Eliza Silver Project and the Silverton Silver Mine in one of the world’s most prolific mining jurisdictions in Nevada and the Lacy Gold Project in British Columbia, Canada. Silver Hammer’s primary focus is defining and developing silver deposits near past-producing mines that have not been adequately tested. The Company’s portfolio also provides exposure to copper and gold discoveries.

Disclaimer note: 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 Silver Hammer Mining Corp.

Morgan Lekstrom, President and CEO
Corporate Office: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada

For investor relations inquiries, contact:

Kristina Pillon, High Tide Consulting Corp.
T: 604.908.1695
E: investors@silverhammermining.com

For media inquiries, contact:

Adam Bello, Primoris Group Inc.
T: 416.489.0092
E: media@primorisgroup.com

The CSE does not accept responsibility for the adequacy or accuracy of this release.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/0ba880c8-b9de-40b1-ad2a-7934b0a9af41
https://www.globenewswire.com/NewsRoom/AttachmentNg/41267fb5-1d14-4878-a405-0c537136998f
Categories
Energy Junior Mining Precious Metals Silver Hammer

Silver Hammer Reports on Drilling Progress at the Silver Strand Project in Idaho

Silver Hammer Mining Corp
Silver Hammer Mining Corp

Figure 1

Planned Phase II Drilling at Silver Strand
Planned Phase II Drilling at Silver Strand

VANCOUVER, British Columbia, Aug. 15, 2022 (GLOBE NEWSWIRE) — Silver Hammer Mining Corp. (CSE: HAMR; OTCQB: HAMRF) (the “Company” or “Silver Hammer”) is pleased to announce that the first drillhole of an 11-hole Phase II diamond drill program (“Phase II Drill Program”) has been completed at its past-producing Silver Strand Project in Idaho.

The Phase II Drill Program, which is utilizing the Company’s established underground drilling station, is focused on expanding known silver-gold mineralization further down-dip, while also testing the potential for additional mineralized chutes (see Figure 1). The Company has generated priority targets based on a drone supported magnetic survey, Phase I drilling results, and the integration of historical drilling data acquired from previous operators of the Silver Strand Project (see Jan 26, 2022 news release).

“We are excited to return to our flagship project and move forward with our Phase II Drill Program at Silver Strand. We have drillholes designed to test up to three times as deep as our previous phase of drilling and a series of other holes that will test the system laterally with the aim of discovering parallel chutes to the southeast of the main mine trend,” stated President & CEO Morgan Lekstrom. “We believe the potential for making additional discoveries at Silver Strand is excellent and finding new high-grade zones of gold-silver mineralization would demonstrate the large-scale potential we think is possible here.”

NISS, the Company’s drilling contractor, has begun drilling and successfully finished the first hole. Approximately 1,100 meters of drilling is currently planned with ability to expand the program depending on core observations and initial assay results. Silver Hammer continues to use the Company’s underground drilling station to deliver much better ROI per metre drilled. The Phase II Drill Program is expected to last approximately seven weeks, with assay results to follow during Q4/2022.

Qualified Person

Technical aspects of this press release have been reviewed and approved by Philip Mulholland, a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists, a contractor of the Company and the designated Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Silver Hammer Mining Corp.

Silver Hammer Mining Corp. is a junior resource company advancing the flagship past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, USA, as well both the Eliza Silver Project and the Silverton Silver Mine in one of the world’s most prolific mining jurisdictions in Nevada and the Lacy Gold Project in British Columbia, Canada. Silver Hammer’s primary focus is defining and developing silver deposits near past-producing mines that have not yet been adequately tested. The Company’s portfolio also provides exposure to copper and gold discoveries.

Disclaimer note: 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 Silver Hammer Mining Corp.
Morgan Lekstrom, President and CEO
Corporate Office: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada

For investor relations inquiries, contact:
Kristina Pillon, High Tide Consulting Corp.
E: investors@silverhammermining.com

For media inquiries, contact:
Adam Bello, Primoris Group Inc.
T: 416.489.0092
E: media@primorisgroup.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements or forward-looking information under applicable Canadian securities laws (hereinafter collectively referred to as “forward-looking statements”) concerning the Company’s plans for its properties and mineral projects, financial results, operations and other matters. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of fact and may be forward-looking statements. Such forward-looking statements made as of the date of this news release or as of the date of the effective date of information described in this news release, as applicable.

Further, these forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause the Company’s actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally. (2) the inherent uncertainties and speculative nature associated with mineral exploration. (3) a decreased demand for precious metals, (4) any number of events or causes which may delay exploration and development of the property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labour problems, (5) the risk that the Company does not execute its business plan, (6) inability to finance operations and growth, (7) inability to obtain all necessary permitting and financing, and (8) other factors beyond the Company’s control. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release or in certain of the other documents on file with Canadian securities regulatory authorities, which are available on the Company’s SEDAR profile at www.sedar.com. The Company and its directors, officers and employees each disclaim any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable law. Accordingly, readers should not place undue reliance on forward-looking statements due to the inherent uncertainty therein. All forward-looking statements are expressly qualified in their entirety by this cautionary statement.

The CSE has neither approved nor disapproved the contents of this news 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.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6512acd0-9b0c-4bcb-8f8d-9425a2e84ea5

Categories
Base Metals Energy Exclusive Interviews Junior Mining Precious Metals Silver Hammer

(VIDEO) Silver Hammer Mining – Getting Ready to Drill the Silver Strand

Silver Hammer Mining, Proven and Probable

Joining us for a conversation is Morgan Lekstrom the CEO of Silver Hammer Mining (CSE: HAMR), to provide a company update on the Silver Strand Mine, which is getting ready for a highly anticipated drill program. The past-producing Silver Strand Mine is comprised of 70 claims over a 5.5 kilometres strike length atop the Revett formation, a silver belt within the renowned Coeur d’Alene mining district in Idaho, a district that has produced over 1.2 billion ounces of silver and is host to some of the world’s largest silver mines, many of which were mined to depths exceeding 1800 metres.

Also, we will find out the proposed plans on the Eliza Project. The Eliza Silver Project is located along strike of the Hamilton Mining District (Hamilton District), Nevada’s highest-grade silver district, which produced 40 million (M) ounces (oz) silver with grades up to 25,000 grams per tonne (g/t) between 1876-1890. Silver Hammer Mining has some of the most respected value creators in the Junior Mining Industry with names such as Lawrence Roulston. If you like Junior Mining Stocks this is a must watch interview!

Silver Hammer Mining | CSE: HAMR | OTCQX: HAMRF)
Website: https://silverhammermining.com/
Silver Strand: https://silverhammermining.com/silver-strand/
Corporate Presentation: https://silverhammermining.com/wp-content/uploads/2021/09/Silver-Hammer-Mining-Investor-Presentation-Fall-2021-Oc.pdfPresentation-August-2021-FINAL-.pdf
Twitter: https://twitter.com/silverhmr
Contact: 604.908.1695

Categories
Base Metals Energy Junior Mining Precious Metals Silver Hammer

Silver Hammer Engages Drilling Contractor for Near-Term Drill Program at Silver Strand Project in Idaho

Silver Hammer Mining Corp.
Silver Hammer Mining Corp.

Figure 1

Planned Phase II Drilling at Silver Strand
Planned Phase II Drilling at Silver Strand

VANCOUVER, British Columbia, July 07, 2022 (GLOBE NEWSWIRE) — Silver Hammer Mining Corp. (CSE: HAMR; OTCQB: HAMRF) (the “Company” or “Silver Hammer”) is pleased to announce plans to begin an 11-hole Phase II diamond drill program from the Company’s established underground drilling station, before the end of July at its past-producing 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 chutes (Figure 1). Targets for this program are based on exploration work performed by Silver Hammer in 2021, including a drone supported magnetic survey, Phase I drilling, as well integration of drilling data acquired from previous owners of the Silver Strand Project (see Jan 26, 2022 news release).

“This Phase II drill program will build upon results of the Phase I program completed late 2021, which confirmed that silver and gold-bearing sulphide mineralization extends beneath the historic mine workings,” stated President & CEO Morgan Lekstrom. “As with Phase I, we will utilize an existing underground drift and drilling bay, which we rehabilitated last year, to begin to test the depth extent of the known mineralized body as well as to test for additional mineralized chutes in a very cost-effective manner.”

Figure 1. Planned Phase II Drilling at Silver Strand
https://www.globenewswire.com/NewsRoom/AttachmentNg/5802a1ae-217e-4cfc-8b3e-f1458c9f861a

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

Silver Hammer is also progressing exploration of 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

Technical aspects of this press release have been reviewed and approved by Philip Mulholland, a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists, a contractor of the Company and the designated Qualified Person (QP) under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Silver Hammer Mining Corp.

Silver Hammer Mining Corp. is a junior resource company advancing the flagship past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, USA, as well both the Eliza Silver Project and the Silverton Silver Mine in one of the world’s most prolific mining jurisdictions in Nevada and the Lacy Gold Project in British Columbia, Canada. Silver Hammer’s primary focus is defining and developing silver deposits near past-producing mines that have not been adequately tested. The Company’s portfolio also provides exposure to copper and gold discoveries.

Disclaimer note: 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 Silver Hammer Mining Corp.

Morgan Lekstrom, President and CEO

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

For investor relations inquiries, contact:

Kristina Pillon, High Tide Consulting Corp.
T: 604.908.1695
E: investors@silverhammermining.com

For media inquiries, contact:

Adam Bello, Primoris Group Inc.
T: 416.489.0092
E: media@primorisgroup.com

The CSE has neither approved nor disapproved the contents of this news 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.

Categories
Base Metals Energy Junior Mining Precious Metals Silver Hammer

Silver Hammer Announces Closing of Oversubscribed Private Placement for Gross Proceeds of Approximately $3,000,000

VANCOUVER, British Columbia, June 02, 2022 (GLOBE NEWSWIRE) — (CSE: HAMR/OTCQB: HAMRF) Silver Hammer Mining Corp. (the “Company” or “Silver Hammer”) is pleased to announce that it has closed its previously announced brokered and a concurrent non-brokered private placement (collectively, the “Offering”) for gross proceeds of $3,007,048.68. The brokered portion of the Offering (the “Brokered Offering”) was led by Echelon Wealth Partners Inc. (the “Agent”) and consisted of the sale of 7,325,286 units (the “Units”) for aggregate gross proceeds of $2,783,608.68 at a price of $0.38 per Unit (the “Offering Price”). Each Unit consisted of one Common Share (each, a “Common Share”, and collectively the “Common Shares”) and one-half of one Common Share purchase warrant, (each whole warrant, a “Warrant” and collectively, the “Warrants”). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.50 per Common Share for a period of 24 months from the closing date of the Offering.

Under the non-brokered portion of the Offering the Company raised gross proceeds of $223,440.00, through the sale of 588,000 Units at the Offering Price. The Offering was announced on May 16, 2022.

The Warrants were issued pursuant to a warrant indenture dated June 2, 2022 entered into between the Company and Endeavor Trust Corporation, as warrant agent.

As consideration for Agent’s services in connection with the Brokered Offering, the Agent received a cash commission of $182,145.95, a cash advisory fee of $8,900.00, and 502,831 broker warrants, each exercisable to acquire one Common Share at the Offering Price for a period of 24 months from the closing date of the Offering.

All securities issued pursuant to the Offering, including any underlying securities, are subject to a four-month-and-one-day hold period in accordance with applicable Canadian securities laws.

The net proceeds of the Offering will be used for the exploration of the Silver Strand Project in Idaho, the Eliza Silver Project in Nevada, the Silverton Silver-Gold Project in Nevada, and for general and working capital purposes.

Directors and officers of the Company purchased an aggregate of 77,600 Units in the Offering. The participation by such insiders in the Offering constituted a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.

The securities offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act, or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or “U.S. Persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

About Silver Hammer Mining Corp.

Silver Hammer Mining Corp. is a junior resource company advancing the flagship past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, USA, as well both the Eliza Silver Project and the Silverton Silver Mine in one of the world’s most prolific mining jurisdictions in Nevada and the Lacy Gold Project in British Columbia, Canada. Silver Hammer’s primary focus is defining and developing silver deposits near past-producing mines that have not been adequately tested. The Company’s portfolio also provides exposure to copper and gold discoveries.

Forward-Looking Information

This release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Forward-looking statements may include, without limitation, statements relating to the Offering and the use of proceeds therefrom. The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. All forward-looking statements in this press release are made as of the date of this press release. The forward-looking statements contained herein are also subject generally to assumptions and risks and uncertainties that are described from time to time in the Company’s public securities filings with the Canadian securities commissions. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

On Behalf of the Board of Silver Hammer Mining Corp.

Morgan Lekstrom, President and CEO
Corporate Office: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada

For further information contact:
Kristina Pillon, President, High Tide Consulting Corp.
T: 604.908.1695
E: investors@silverhammermining.com

For media inquiries, contact:
Adam Bello, Primoris Group Inc.
T: 416.489.0092
E: media@primorisgroup.com

The CSE does not accept responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.