The Silverton Silver Mine

“Silver Alley” Nevada, USA
 

The past-producing Silverton Silver Mine is located in East Nevada’s “Silver Alley” with high-grade historic production of up to 933 g/t silver. Despite significant surface exposures and grab samples grading up to 499 g/t Ag and 1.99 g/t Au, no modern-day drilling or subsurface exploration techniques have been conducted on the project since the 1920s. The first modern work is currently underway, including satellite imaging which has shown similar colour anomalies to Kinross’ 15M oz Au Round Mountain mine (see Figure 1).

Figure 1. Longwave infrared Aster image of central Nevada, showing same thermal response as Round Mountain mine (left) and Silverton project area (right).

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

Numerous large deposits are located in the “Silver Alley,” including the 174 Moz Tonopah silver project and the Tybo project, which produced 100 Moz AgEq (see Figure 2).

Thirteen drill pads permitted in advance of a potential 2023 drill program. Recent mapping and hyperspectral satellite imaging provided evidence of two separate mineralized systems at the project - a silver and a gold.

The volcanics-hosted gold system shows sample grades ranging from 0.06 g/t to 6.1 g/t gold Au.

A silver-dominated mineral system hosted by silicified limestone shows sample grades ranging from 0.32 g/t Ag to 692 g/t Ag.