CMC Metals CEO Kevin Brewer: Discovering the Next Major Silver District in the World

CMC Metals CEO Kevin Brewer: Discovering the Next Major Silver District in the World

CMC Metals CEO Kevin Brewer shared that the company has five properties in that belt, including the flagship Silver Heart property. Since 2019, it has expanded the exploration footprint on that property by over 1,000 percent and identified eight new targets.

"We're very excited about the targets, which were verified with geochem and considered as valid drill targets," Brewer said. "It's approximately 40 percent greater than all silver mines globally and 140 percent greater than most silver explorers and developers in the world. We know we're dealing with a very high-grade project at Silver Heart and some of our other properties in that district. We're very confident that our current strategy will lead to a discovery of not only one, but several high-grade polymetallic deposits in that district."

CMC Metals completed detailed mapping and sampling through a SkyTEM airborne geophysical survey earlier this year. In October 2021, the company identified high-grade polymetallic samples within the calcareous units at its proposed future exploration targets. The discovery included assays of 1,243 grams per tonne silver, 20.06 percent lead and 28 percent zinc.

"We have beautiful targets and we plan to go in and trench them first," Brewer said. "We started putting in drill holes and started uncovering outcrops of mineralization late in the season. Overall, we've got 10,000 to 15,000 meter targets at this point. That's a lot for a small company like ours to take on, but we're going to be patient about it and we'll get there. We plan to do that."

Watch the full interview of CMC Metals CEO Kevin Brewer above.

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