Silver Hammer Mining (CSE:HAMR; OTCQB:HAMRF; FWB:7BW0) is a mineral exploration company with a pure-play silver portfolio focusing on assets within the western United States. The company’s assets are located in Idaho and Nevada, both industry-recognized tier-1 jurisdictions. Silver Hammer’s flagship asset, Silver Strand, is a brownfields silver project in an established silver mining district that is known for producing more than 1.2 billion ounces of silver.
Analysts expect global demand for silver to rise by 16 percent in 2023, reaching 1.21 billion ounces. Existing industries are creating much of this growing demand, but the rise of electric vehicles and other clean technologies has escalated this further, as silver is a necessary component for emerging renewable tech, including solar panels and EVs.
Silver Hammer Mining’s flagship Silver Strand is a brownfield project located in Idaho within one of the world’s most prolific silver districts. Idaho consistently ranks among the top jurisdictions in Fraser Institute’s investment attractiveness index. Silver Strand comprises 78 contiguous claims along a 5.8-kilometer strike near Coeur D’Alene, Idaho.
The company’s other two projects are in Nevada, another tier-1 jurisdiction frequently in the top ten of Fraser Institute's Survey of Mining Companies for both the policy perception and investment attractiveness indexes. The Eliza silver project comprises 98 claims covering 5.5 square kilometers within the Hamilton district of Nevada, an area from which over 40 million ounces of silver was produced in the late 1800s. The Silverton project, consisting of 31 claims, has received little to no modern-day exploration, presenting discovery potential as exploration commences.
An expert leadership team with a proven track record in precious metals exploration, development, production, M&A and capital markets leads Silver Hammer toward fully realizing the potential of its portfolio.
Peter Ball, president and CEO, has led and assisted in raising more than US$250 million of capital in the mineral resources sector. Donald Birak, board advisor, is the former senior vice-president of exploration for Coeur Mining from 2004 to 2013 and was responsible for global greenfields and brownfields exploration. The rest of the management team brings additional experience and expertise to lead the company toward improving shareholder value.
Silver Strand comprises 78 contiguous claims along a 5.8-kilometer strike in Idaho near Coeur D’Alene. The flagship asset is a brownfield project in an established silver mining district known for producing more than 1.2 billion ounces of silver.
*Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s projects.
The Eliza project consists of 98 claims covering 5.5 square kilometers in the historic Hamilton Silver District, the district responsible for Nevada earning the moniker, “The Silver State.” The project also has polymetallic resource potential, further increasing the asset’s value. Silver Hammer will soon begin a property-wide geophysical survey as it moves toward its inaugural drill campaign.
Project Highlights:
The Silverton Mine project comprises 31 claims and is a high-grade, past-producing mine. With all necessary permits acquired, the project is drill-ready. Silver Hammer is currently finalizing drill targets and moving toward Phase 1 drilling.
Peter Ball brings a progressive track record of proven leadership experience covering more than thirty years in the mining and finance sectors. He has demonstrated competencies in the resource industry on an international level and held various senior management roles with precious and base metals mining companies in mine engineering, corporate finance, securities trading, business development, corporate communications, public relations and marketing functions. Ball began his career in the late 1980s working as a mining engineer at Sherritt Gordon Mines, Hudson Bay Mining and Smelting, and Echo Bay Mines. He has since held various management and senior executive and corporate roles for numerous companies, including Eldorado Gold, RBC Dominion Securities, Adriana Resources, Century Mining, Argentex Mining, Columbus Gold, Redstar Gold, NV Gold, and most recently Noram Lithium. Ball has led and assisted in raising more than $250 million in capital in the resource sector, is a graduate of the Haileybury School of Mines, Georgian Business College, UBC’s Canadian Securities Course and is a member of CIMM. Ball is also an independent director of Big Gold Inc. (CSE:BG).
Alnesh Mohan is a finance executive with more than 20 years of experience providing advisory services to a wide array of clients. He has been a partner at Quantum Advisory Partners LLP, a professional services firm focused on providing CFO and full-cycle accounting services to private and public companies, since 2005. Acting on behalf of several public companies, Alnesh has acquired considerable experience in financial reporting, corporate governance and regulatory compliance. He holds a Bachelor of Business Administration from Simon Fraser University, a Master of Science in taxation from Golden Gate University and is a chartered professional accountant.
Phil Mulholland has more than 35 years of geological experience from mining projects in the western United States, Canada, Argentina, Chile, Guyana and Tanzania. He has worked extensively in Montana and Idaho working on a range of precious metals projects. His diverse background includes exploration, development and production, including both underground and open-pit projects, with an array of minerals and mines. Mulholland has held senior-level positions in the region, including principal mine geologist and chief geologist, at Kinross’ Kettle River Buckhorn gold project, the Butte Highlands joint venture and Barrick’s Golden Sunlight mine. Since 2003, his primary focus has been transitioning late-stage exploration projects through development and into production.
Donald Birak has more than 40 years of experience in mineral exploration and operations, including as senior vice-president of exploration with Coeur Mining (2004 to 2013) responsible for global greenfields and brownfields exploration, vice-president of exploration for AngloGold North America (1998 to 2004), Independence Mining Company (1995 to 1998) and Hudson Bay Mining & Smelting Ltd. (1992 to 1995), and chief geologist and exploration geologist for Freeport-McMoRan Gold Company (1978 to 1991).
In 2000, he received the Bill Dennis Prospector of the Year award presented by the Prospectors and Developers Association of Canada, for several copper and zinc deposit discoveries in the Flin Flon-Snow Lake region of Manitoba, Canada. Birak has a Master of Science degree in geology from Bowling Green State University and has authored and co-authored several professional publications on the geology and metallurgy of sediment-hosted and epithermal precious metal deposits and on the use of geostatistics in resource modeling and grade control. Birak has co-authored publications and presentations on the new US SEC S-K1300 regulation and on best practices in mineral exploration.
Warwick Smith is a seasoned venture capitalist with decades of experience in leadership, corporate finance and M&A, with a focus on the resource sector since 1999. Warwick became a founding shareholder of Riverside Resources Inc. at the age of 30 and was appointed CEO of Western Pacific Resources at age 33, where he successfully negotiated the transaction to acquire the Deer Trail Mine (now operated by MAG Silver).
As current CEO and director of America Pacific Mining, Smith negotiated the transaction to purchase the past-producing Madison Mine in Montana, a joint venture, earn-in agreement with major Rio Tinto, a transaction that was nominated for the S&P Global Platts Deal Of The Year for 2021. Subsequently, Smith led American Pacific in its takeover of Constantine Metals. This acquisition brought into the fold the Palmer Project, a 14-million-tonne VMS in Alaska, under partnership with Dowa Mining and Metals.
In 2022, Smith was nominated for CEO of the Year by S&P Global Platts. As an industry expert, Smith has been featured on Bloomberg, Benzinga, Investing.com, Mining Journal, Northern Miner, S&P Global Platts, Globe and Mail, Kitco, Traders TV and Mining Weekly, and continues to be a significant early investor in both technology and mining companies.
Kurst Hoffman brings considerable expertise in complex land transactions and acquisitions gained while serving on the boards of Trident Exploration, Bullion Gold Resources and United Mine Services. Predominantly involved in mineral property acquisitions and transactions, Hoffman currently serves as an independent contractor, providing consulting services to start-up mining ventures and companies.
Kristina Pillon is the president and CEO of High Tide Consulting Corp., an investor relations advisory firm focused on creating and implementing marketing strategies for public companies, specializing in the mineral resources sector.
Pillon has over a decade of capital markets experience focused primarily in the resource sector holding various roles, including six years at a Toronto-based boutique exempt market dealer as head of retail marketing and vice-president institutional equity sales. Prior to that, Pillon acted as manager of investor relations for several junior mining companies. She has a public relations degree from Kwantlen Polytechnic University and has completed the Canadian Securities Course.
Silver Hammer Mining Corp. (CSE: HAMR) is pleased to announce the company is participating in the upcoming 121 Mining Investment Conference in New York City.
121 Mining Investment New York will be hosting over 80 mining companies and more than 300 sophisticated investors for two days of pre-arranged, targeted 1-2-1 meetings. This year's event is being held on June 5-6.
About 121 Mining Investment
The 121 Mining Investment global event series connects portfolio managers and analysts from institutional funds, private equity groups and family offices with mining company management teams for 1-2-1, private in-person meetings.
With each edition featuring two-days of 1-2-1 meetings matching projects to investment capital, conference programmes packed with market intelligence and investment ideas, and participation limited to investment professionals and mining executives, the 121 Mining Investment series offers a highly efficient use of time and resources.
121 Mining Investment has an ever-expanding global portfolio, currently covering London, New York, Cape Town, Las Vegas, Frankfurt, Sydney, Singapore, Melbourne and Hong Kong, as well as online editions throughout the year.
Any investors who would like to attend 121 Mining Investment New York can register for a free pass here: https://hubs.la/Q01NlLpj0
About Silver Hammer Mining Corp.
Silver Hammer Mining Corp. is a junior resource exploration company advancing its flagship past-producing Silver Strand Mine in the Coeur d'Alene Mining District in Idaho,as well both the Eliza Silver Project and the Silverton Silver Mine in one of the world's most prolific mining jurisdictions in Nevada. Silver Hammer's primary focus is definingand developing silver deposits near past-producing mines that have not been adequately explored. The Company's portfolio also provides exposure to copper and gold discoveries.
For additional Information, please contact:
Silver Hammer Mining Corp.
Peter A. Ball
President & CEO
778-344-4653
peter@silverhammermining.com
www.silverhammermining.com
News Provided by Newsfile via QuoteMedia
Silver Hammer Mining Corp. (CSE: HAMR) (OTCQB: HAMRF) (FSE: 7BW0) (the "Company" or "Silver Hammer") is pleased to announce that it has submitted a Plan of Operations to the Humboldt-Toiyabe National Forest Ranger District of the United States Forest Service ("USFS") to explore its Eliza Silver Project ("Eliza" or the "Project") located in White Pine County, Nevada.
"The submission of the Plan of Operations is another critical step as we move towards examining the potential for significant mineralization at Eliza, which has seen little to no modern exploration despite a history of high-grade past production," stated Peter A. Ball, President & CEO. "We will begin by executing a property-wide geophysical program by early June and will continue to inform the market as we advance through this systematic exploration process and begin to generate results."
The Plan of Operations was submitted on April 26, 2023 and proposes 17 drill sites, 1.3 kilometres of road construction and rehabilitation, and up to 2,100 metres of drilling.
It outlines a comprehensive exploration program at Eliza, including an aerial geophysical program, geologic mapping and structural analysis. The program will follow up on results from 2021 and 2022 geologic mapping and soil and rock sampling, which identified multiple drill targets located in the northern part of the property. The Company has prioritized drill targets that consist of numerous locations, which reported high-grade silver, copper, lead and zinc hosted in carbonate replacement deposits ("CRD") containing sulfide mineralization. Previous rock samples yielded results up to 1,540 grams per tonne silver, 7.7% copper, 15% zinc, and 11% copper (refer to news release dated December 6, 2021 and May 11, 2022).
Qualified Person
The scientific and technical aspects of this press release have been reviewed and approved under the supervision of Philip Mulholland (CPG). Mr. Mulholland is a Qualified Person (QP) as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About Silver Hammer Mining Corp.
Silver Hammer Mining Corp. is a junior resource exploration company advancing its flagship past-producing Silver Strand Mine in the Coeur d'Alene Mining District in Idaho, as well both the Eliza Silver Project and the Silverton Silver Mine in one of the world's most prolific mining jurisdictions in Nevada. Silver Hammer's primary focus is defining and developing silver deposits near past-producing mines that have not been adequately explored. The Company's portfolio also provides exposure to copper and gold discoveries.
On Behalf of the Board of Silver Hammer Mining Corp.
Peter A. Ball
President & CEO, Director
E: peter@silverhammermining.com
For investor relations inquiries, contact:
Kristina Pillon High Tide Consulting Corp.
T: 604.908.1695
E: investors@silverhammermining.com
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. Such forward-looking statements concern, without limitation, the Company's strategic plans, timing and expectations for the Company's exploration and drilling programs, estimates of mineralization from drilling, geological information projected from sampling results and the potential quantities and grades of the target zones. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; and the historical basis for current estimates of potential quantities and grades of target zones. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors, including the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data, and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
The CSE does not accept responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/164115
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Silver Hammer Mining Corp. (CSE: HAMR) (the "Company" or "Silver Hammer") is pleased to announce a best efforts private placement (the "Offering") of up to 12,000,000 units (the "Units") of the Company at a price of $0.25 per Unit (the "Issue Price") for gross proceeds of up to $3,000,000 pursuant to the listed issuer financing exemption available under Part 5A of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"). There is an offering document relating to the Offering that can be accessed under the Company's profile at www.sedar.com and at www.silverhammermining.com. Prospective investors should read this offering document before making an investment decision.
Each Unit will consist of one common share of the Company (each a "Common Share") and one-half of one common share purchase warrant (each full warrant, a "Warrant" and collectively the "Warrants"). Each Warrant will be exercisable at $0.33 for a period of 24 months following the Closing Date.
The Offering will be conducted by Echelon Wealth Partners Inc. ("Echelon") as lead agent and bookrunner, along with a syndicate of agents, (together with Echelon, the "Agents"), and is subject to customary closing conditions, including the approval of the securities regulatory authorities and the Canadian Securities Exchange.
The Company has granted the Agents an option to arrange for the sale of up to an additional 15% of the Units at the Issue Price, exercisable in whole or in part at any time up to 48 hours prior to the Closing Date (the "Agents' Option"), subject to limitations prescribed by the LIFE exemption.
At the closing of the Offering, the Company shall pay to the Agents a cash commission equal to 8.0% of the aggregate gross proceeds of the Offering (including any exercise of the Agents' Option) and will issue to the Agents a number of non-transferable warrants of the Company (the "Broker Warrants") equal to 8.0% of the number of Units sold under the Offering (including any exercise of the Agents' Option), each Broker Warrant exercisable for a period of 24 months following the closing of the Offering to acquire a Common Share at an exercise price equal to the Issue Price, subject to adjustment in certain events.
The Company will use the net proceeds of the Offering for exploration at the Silver Strand project in Idaho, Eliza and Silverton projects in Nevada, working capital and general corporate purposes.
The Offering is expected to close on or about May 18, 2023, or such other date as the Company and the Agents may agree.
About Silver Hammer Mining Corp.
Silver Hammer Mining Corp. is a junior resource company advancing the flagship past-producing Silver Strand Mine in the Coeur d'Alene Mining District in Idaho, USA, as well both the Eliza Silver Project and the Silverton Silver Mine in one of the world's most prolific mining jurisdictions in Nevada and the Lacy Gold Project in British Columbia, Canada. Silver Hammer's primary focus is defining and developing silver deposits near past-producing mines that have not been adequately tested. The Company's portfolio also provides exposure to copper and gold discoveries.
On Behalf of the Board of Silver Hammer Mining Corp.
Peter A. Ball
President & CEO, Director
T: 778-344-4653
E: peter@silverhammermining.com
For investor relations inquiries, contact:
Kristina Pillon
High Tide Consulting Corp.
T: 604.908.1695
E: investors@silverhammermining.com
Forward-Looking Statements
This release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements may include, without limitation, statements relating to the Offering and the use of proceeds therefrom. The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. All forward-looking statements in this press release are made as of the date of this press release. The forward-looking statements contained herein are also subject generally to assumptions and risks and uncertainties that are described from time to time in the Company's public securities filings with the Canadian securities commissions. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The CSE does not accept responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/164420
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Silver Hammer Mining Corp. (CSE: HAMR) (OTCQB: HAMRF) (FSE: 7BW0) (the "Company" or "Silver Hammer") is pleased to announced that it has engaged Precision GeoSurveys for property-wide airborne magnetic and radiometric surveys at both the Eliza and Silverton Projects in Nevada.
"As we continue to advance our Eliza and Silverton projects, we are pleased to engage Precision for the upcoming airborne magnetic and radiometric surveys in May and June 2023,"commented President & CEO Peter A. Ball."These surveys will provide us with an additional layer of technical data to assist in refining our currently identified priority targets prior to the execution of a drill program at each project. Our systematic approach to exploration and drill targeting, as well as taking the time to fully understand the multiple layers of technical data, will result in the increased potential for an exciting new discovery in 2023 as we strive to deliver significant value to our shareholders."
Survey Highlights
The helicopter supported surveys will use magnetic sensors flown in non-magnetic and non-conductive nose stinger configuration, with gamma sensors internal to the aircraft away from variable fuel cell attenuation, to allow for reduced terrain clearance minimizing noise and improving resolution and accuracy.
Eliza Project (refer to Figure 1):
Silverton Project (refer to Figure 2):
Figure 1. Eliza Project Airborne Survey Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9597/162753_51f11459645d0929_001full.jpg
Figure 2. Silverton Project Airborne Survey Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9597/162753_51f11459645d0929_002full.jpg
About Precision
Precision GeoSurveys is a full-service airborne geophysical contractor and industry leader in providing high resolution surveys in mountainous and remote terrain having acquired and processed high resolution multi-sensor airborne geophysical data in mountainous terrain on over 700 surveys since 2007. The company utilizes state-of-the-art geophysical instrumentation attached directly to the helicopter. The magnetic sensors are flown in a non-magnetic and non-conductive nose stinger configuration, and the gamma sensors are flown internal to the aircraft away from variable fuel cell attenuation. Compared to conventional slung bird-type survey systems, this innovative design allows the survey to be safely flown at reduced terrain clearance to minimize noise, improve resolution, and reduce the need for complex corrections to the data. The geophysical data and maps will be prepared using industry standard Geosoft algorithms and mapping software to show the geomagnetic and radiometric properties of the survey area.
Qualified Person
Technical aspects of this press release have been reviewed and approved under the supervision of Philip Mulholland, P.Geo. Mr. Mulholland is a Qualified Person (QP) under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About Silver Hammer Mining Corp.
Silver Hammer Mining Corp. is a junior resource exploration company advancing its flagship past-producing Silver Strand Mine in the Coeur d'Alene Mining District in Idaho, as well both the Eliza Silver Project and the Silverton Silver Mine in one of the world's most prolific mining jurisdictions in Nevada. Silver Hammer's primary focus is defining and developing silver deposits near past-producing mines that have not been adequately explored. The Company's portfolio also provides exposure to copper and gold discoveries.
On Behalf of the Board of Silver Hammer Mining Corp.
Peter A. Ball
President & CEO, Director
E: peter@silverhammermining.com
For investor relations inquiries, contact:
Kristina Pillon
High Tide Consulting Corp.
T: 604.908.1695
E: investors@silverhammermining.com
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. Such forward-looking statements concern, without limitation, the Company's strategic plans, timing and expectations for the Company's exploration and drilling programs, estimates of mineralization from drilling, geological information projected from sampling results and the potential quantities and grades of the target zones. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; and the historical basis for current estimates of potential quantities and grades of target zones. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors, including the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data, and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
The CSE does not accept responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/162753
News Provided by Newsfile via QuoteMedia
Silver Hammer Mining Corp. (CSE: HAMR) (OTCQB: HAMRF) (the "Company" or "Silver Hammer") is pleased to announce that it has submitted a Plan of Operations ("PO") to the United States Forest Service ("USFS") to explore its Silver Strand Project ("the Project") located in the Silver Valley Mining District near Coeur d'Alene, Idaho.
"We continue to aggressively advance our exploration plans at Silver Strand after the recent completion of our positive geophysical compilation. The Plan of Operations for the exploration of Silver Strand is now under review by the USFS and we look forward to the next steps in advancing project,"stated Peter A. Ball, President & CEO."This is a significant milestone that reinforces our conviction in fully evaluating the potential for silver mineralization across the property. We are eager to keep the market informed as we continue to make progress, and we believe this development will bring us closer to unlocking the full potential of this exciting opportunity."
Plan of Operations Overview
The proposed PO was submitted on April 5, 2023:
Qualified Person
Technical aspects of this press release have been reviewed and approved under the supervision of Philip Mulholland (CPG). Mr. Mulholland is a Qualified Person (QP) under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About Silver Hammer Mining Corp.
Silver Hammer Mining Corp. is a junior resource exploration company advancing its flagship past-producing Silver Strand Mine in the Coeur d'Alene Mining District in Idaho, as well both the Eliza Silver Project and the Silverton Silver Mine in one of the world's most prolific mining jurisdictions in Nevada. Silver Hammer's primary focus is defining and developing silver deposits near past-producing mines that have not been adequately explored. The Company's portfolio also provides exposure to copper and gold discoveries.
On Behalf of the Board of Silver Hammer Mining Corp.
Peter A. Ball
President & CEO, Director
E: peter@silverhammermining.com
For investor relations inquiries, contact:
Kristina Pillon
High Tide Consulting Corp.
T: 604.908.1695
E: investors@silverhammermining.com
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. Such forward-looking statements concern, without limitation, the Company's strategic plans, timing and expectations for the Company's exploration and drilling programs, estimates of mineralization from drilling, geological information projected from sampling results and the potential quantities and grades of the target zones. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; and the historical basis for current estimates of potential quantities and grades of target zones. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors, including the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data, and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
The CSE does not accept responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/161529
News Provided by Newsfile via QuoteMedia
Silverton Project Survey Highlights
The helicopter supported surveys will use magnetic sensors flown in non-magnetic and non-conductive nose stinger configuration, with gamma sensors internal to the aircraft away from variable fuel cell attenuation, to allow for reduced terrain clearance minimizing noise and improving resolution and accuracy.
Silverton Project (refer to Figure 1):
Figure 1. Silverton Project Airborne Survey Map
About Silverton Project
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 Ag. 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 for over 35 years. Thirteen drill pads were permitted in advance of a potential 2023 drill program.
Mapping in 2022 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.
About Precision
Precision GeoSurveys is a full-service airborne geophysical contractor and industry leader in providing high resolution surveys in mountainous and remote terrain having acquired and processed high resolution multi-sensor airborne geophysical data in mountainous terrain on over 700 surveys since 2007. The company utilizes state-of-the-art geophysical instrumentation attached directly to the helicopter. The magnetic sensors are flown in a non-magnetic and non-conductive nose stinger configuration, and the gamma sensors are flown internal to the aircraft away from variable fuel cell attenuation. Compared to conventional slung bird-type survey systems, this innovative design allows the survey to be safely flown at reduced terrain clearance to minimize noise, improve resolution, and reduce the need for complex corrections to the data. The geophysical data and maps will be prepared using industry standard Geosoft algorithms and mapping software to show the geomagnetic and radiometric properties of the survey area.
Qualified Person
Technical aspects of this press release have been reviewed and approved under the supervision of Philip Mulholland, (CPG). Mr. Mulholland is a Qualified Person (QP) under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About Silver Hammer Mining Corp.
Silver Hammer Mining Corp. is a junior resource exploration company advancing its flagship past-producing Silver Strand Mine in the Coeur d'Alene Mining District in Idaho, as well both the Eliza Silver Project and the Silverton Silver Mine in one of the world's most prolific mining jurisdictions in Nevada. Silver Hammer's primary focus is defining and developing silver deposits near past-producing mines that have not been adequately explored. The Company's portfolio also provides exposure to high-grade copper and gold at its projects.
On Behalf of the Board of Silver Hammer Mining Corp.
Peter A. Ball
President & CEO, Director
E: peter@silverhammermining.com
For investor relations inquiries, contact:
T: 778.344.4653
E: investors@silverhammermining.com
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. Such forward-looking statements concern, without limitation, the Company's strategic plans, timing and expectations for the Company's exploration and drilling programs, estimates of mineralization from drilling, geological information projected from sampling results and the potential quantities and grades of the target zones. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; and the historical basis for current estimates of potential quantities and grades of target zones. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors, including the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data, and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
The CSE does not accept responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.
Trading Symbol: TSX/NYSE American: SVM
Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to announce that its Board of Directors declared a semi-annual dividend of US$0.0125 per share to be paid to all shareholders of record at the close of business on June 12, 2023 with a payment date of the dividend scheduled on or before June 29 2023.
The dividends are considered eligible dividends for Canadian tax purposes.
The declaration and payment of future dividends is at the discretion of the Board of Directors and any future decision to pay dividends will be based on a number of factors including commodity prices, market conditions, financial results, cash flows from operations, expected cash requirements and other relevant factors.
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cashflow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG.
For further information
Silvercorp Metals Inc.
Lon Shaver
Vice President
Phone: (604) 669-9397
Toll Free 1(888) 224-1881
Email: investor@silvercorp.ca
Website: www.silvercorpmetals.com
View original content to download multimedia: https://www.prnewswire.com/news-releases/silvercorp-declares-semi-annual-dividend-of-us0-0125-per-share-301836009.html
SOURCE Silvercorp Metals Inc
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Trading Symbol: TSX/NYSE American: SVM
Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to announce that its Board of Directors declared a semi-annual dividend of US$0.0125 per share to be paid to all shareholders of record at the close of business on June 12, 2023 with a payment date of the dividend scheduled on or before June 29 2023.
The dividends are considered eligible dividends for Canadian tax purposes.
The declaration and payment of future dividends is at the discretion of the Board of Directors and any future decision to pay dividends will be based on a number of factors including commodity prices, market conditions, financial results, cash flows from operations, expected cash requirements and other relevant factors.
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cashflow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG.
For further information
Silvercorp Metals Inc.
Lon Shaver
Vice President
Phone: (604) 669-9397
Toll Free 1(888) 224-1881
Email: investor@silvercorp.ca
Website: www.silvercorpmetals.com
View original content to download multimedia: https://www.prnewswire.com/news-releases/silvercorp-declares-semi-annual-dividend-of-us0-0125-per-share-301836009.html
SOURCE Silvercorp Metals Inc
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2023/26/c1465.html
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First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (FSE: FMV) ("First Majestic" or the "Company") is pleased to announce the voting results for its annual general meeting held on May 25, 2023.
A total of 121,898,845 shares were represented at the meeting, being 44.41% of the Company's issued and outstanding common shares. The voting results submitted by proxy are as follows:
ELECTION OF DIRECTORS
| Director Nominee | Votes For | % For | Votes Withheld | % Withheld |
| | ||||
| Keith Neumeyer | 79,133,059 | 97.19% | 2,288,441 | 2.81% |
| Marjorie Co | 76,604,882 | 94.08% | 4,816,617 | 5.92% |
| Thomas Fudge, Jr. | 75,328,385 | 92.52% | 6,093,115 | 7.48% |
| Ana Lopez | 43,257,068 | 53.13% | 38,164,432 | 46.87% |
| Raymond Polman | 76,395,313 | 93.83% | 5,026,187 | 6.17% |
| Jean Des Rivières | 76,379,816 | 93.81% | 5,041,685 | 6.19% |
| Colette Rustad | 80,156,948 | 98.45% | 1,264,551 | 1.55% |
Shareholders approved setting the total number of directors to seven, re-elected the seven incumbent directors to the Board of Directors, and re-appointment of Deloitte LLP as auditors for the Company.
The non-binding advisory resolution with respect to the Company's approach to executive compensation as outlined in the Circular was not approved by shareholders.
Thomas Fudge, Chairman of the Board, stated, "We acknowledge the low Say on Pay Advisory Vote and shareholder concerns regarding our disclosure of compensation practices and incentive policies for executives and officers. In 2023, we are committed to engaging with our shareholders to better understand and address their concerns. First Majestic will focus on enhancing our disclosure of the metrics used in determining total compensation, including short-and long term incentives."
SAY ON PAY ADVISORY VOTE
| Votes For | % For | Votes Against | % Against |
| | |||
| 21,309,139 | 26.17% | 60,112,358 | 73.83% |
ABOUT THE COMPANY
First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.
First Majestic is proud to offer a portion of its silver production for sale to the public. Bars, ingots, coins and medallions are available for purchase online at its Bullion Store at some of the lowest premiums available.
FOR FURTHER INFORMATION contact info@firstmajestic.com, visit our website at www.firstmajestic.com or call our toll-free number 1.866.529.2807.
FIRST MAJESTIC SILVER CORP.
"signed"
Keith Neumeyer, President & CEO
Cautionary note regarding forward-looking statements
Certain statements made and information contained herein may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation, including, among other things, information with respect to this presentation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will", "could" or "would". Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the Company's plan to focus on enhancing its disclosure metrics used in determining total compensation, including short-and long term incentives. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/167720
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