Silver Mountain Mines Inc. (TSXV:SMM) reported the results from soil, silt and rock samples collected during the company’s 2012 exploration program at its wholly owned Ptarmigan Property in British Columbia. Through the 2012 rock, soil and silt geochemical sampling program the company was able to identify several gold, silver, copper, lead and zinc anomalies which will warrant follow-up work in 2013.
As quoted in the press release:
Noteworthy 2012 analyses include a grab sample that ran 12,346 grams per tonne (g/t) Ag, 6.91 g/t Au and 6.23% Cu collected from float in a talus chute west of the Ptarmigan Mine identifying greater mineralization potential. Additional outcrop sampling of the North Ridge and West Vein area returned values ranging from 29 g/t Ag to 1,376 g/t Ag and 1.83 g/t Au, 0.767% Cu and 3.81% Pb. This area lies along the projected trend of a series of northwest trending faults which pass through the Ptarmigan Mine area (see Fault Mineralization Map @http://www.silvermountainmines.com). In particular, the Adit #3 fault extends north from the Iron Cap Trend through the Upper Ptarmigan Zone, the Ptarmigan Mine and may extend north to the West Vein. Mineralization has been identified and associated with a north-trending fault system, over a horizontal distance of 1,400 meters (m) from north to south, a vertical thickness of 250 meters and remains open along strike and to depth.
|Silver Investing News Free Exclusive Report: When Will Silver Go Up: Is the Highest Price of Silver Still to Come? Here’s a look at all the major catalysts that are expected to affect the silver price brought to you by Investing News - Bringing you unbiased news, education and helping investors realize their financial goals|