Summa Silver

Financials:

Primary ticker: TSXV:SSVR, OTCQB: SSVRF
Stage of development: Exploration
Primary minerals: Silver & Gold
Project to promote: Hughes Property and Mogollon Property
Project location: Nevada and New Mexico
Website: summasilver.com

Summa Silver Corp. (TSXV:SSVR) (OTCQB: SSVRF) is a Canadian junior mineral exploration company offering early exposure to high-grade silver and gold. The Company has 100% interest in the Hughes property located in central Nevada and has the option to own the Mogollon property located in southwestern New Mexico. The Hughes property is host to the high-grade past-producing Belmont Mine, one of the most prolific silver producers in the United States between 1903 and 1929. The mine has remained inactive since commercial production ceased in 1929 due to heavily depressed metal prices and little to no modern exploration work has ever been completed. Summa Silver is led by an award-winning team specializing in a modern approach to mineral discovery through systematic and cutting-edge exploration methods.
 

Cash: CAD$13.5M
Debt:
Nil

Major shareholders:
Eric Sprott – 20.73%
First Majestic
Galen McNamara – 3.9%
Thomas O’Neill – 2.14%
Martin Bajic – 2.12%
Management ownership – 30% 

Management Profile

Galen McNamaran – CEO
Galen McNamara, CEO, is an Entrepreneur and Geologist with over 15 years of discovery and capital markets experience. Prior to joining Summa Silver, Mr. McNamara was the Senior Project Manager of Exploration & Development at NexGen Energy. At NexGen, he managed all field based drilling and exploration activities, playing an instrumental role in the discovery and delineation of multiple high grade uranium zones. Mr. McNamara was also the Co-winner of the 2018 PDAC Bill Dennis “Prospector of the Year” Award and 2016 Mines and Money Exploration Award. He holds both Bachelor’s and Master’s Degrees in Geology from Laurentian University.

What is your rationale for taking part 121 Mining Investment?

Looking to expand our network with American Investors

What recent news would you like to highlight to investors attending?

Summa Silver Announces Closing Of $11.5 Million Private Placement, led by Investments from Eric Sprott and First Majestic Silver

What are your key goals for the next 3, 6 and 12 months?

3 Months:

– Continue drill program at Mogollon targeting high-grade mineralization around the historic Consolidated Mine
– Regular news flow communicating drill hole results
– Finalize additional drill targets for 2023 and beyond
– Initiate permits with state and federal regulators for subsequent target areas
-Receive, compile and release remaining assays (Hughes Property)
– Initiate Drill program to focus on stepping out from areas on known high-grade mineralization and test undrilled high-priority exploration targets
– Initiate resource-stage metallurgical work
– Continued property expansion

 

6 Months:

– Ongoing drilling around the historic Consolidated Mine with regular newsflow (Mogollon property)
– 50+ holes required to cover mineralized footprint within first target at anticipated “inferred” spacing
– Initiate resource-stage metallurgical work
– Assess potential for 43-101 compliant resource in Q4 2022
– Ongoing drilling around testing multiple target areas (Hughes Property)
– 25+ holes required to cover mineralized footprints within high-grade zones anticipated “inferred” spacing
– Assess potential for 43-101 compliant resource in Q4 2022

 

12 Months: 
Complete maden Resource Estimate

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Overcoming any issues with regards to Covid 19

What do you think makes your company such a compelling investment?

Summa Silver is led by an excellent management team with high grade assets in mining friendly jurisdictions. We also have a very good share structure with investments from key industry players.

What are the top 3 key investor takeaways?

Great management team in one of the worlds greatest mining jurisdictions, tight share structure, high grade assets