Silver Mountain Mines Inc (TSXV:SMM) provided the results of its 2008-2012 exploration programs of the southeastern British Columbia Ptarmigan property. Extensive mineralization was reported in the Upper Ptarmigan Basin, with results ranging from low grade massive Ag-Au-bearing pyrite to high grade Pb-Ag, Cu-Ag and Pb-Zn-Ag. Similar fault structures in surrounding areas suggested high potential for similar fault controlled mineralization.

As quoted in the press release:

Results from exploration within the Upper Ptarmigan Basin has documented extensive mineralization ranging from mineralization. Mineralization of structures extends north-northwest from the Iron Cap Trend, through the Upper Ptarmigan Zone and Ptarmigan Mine to the North Ridge, a distance of approximately 1.4 kilometers (km). Correlations are interpreted to suggest similar fault controlled mineralization may extend from the East Ptarmigan Zone. The correlations between faults, with associated mineralization, are interpreted to suggest significant potential for identification of additional lenses of high grade vein-style mineralization along these fault structures. In addition, identification of manto- (carbonate replacement) style mineralization in carbonate-rich intervals in the resulting fault panels, analogous to Level 1 and Adit#2 of the Ptarmigan Mine and the Upper Ptarmigan Zone, is also considered to be high.

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