Silver Hammer Mining

Overview

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.

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.

Company Highlights

• Silver Hammer Mining is a pure-play exploration and development company focusing on silver assets within tier-1 mining jurisdictions in the United States.
• Silver demand is projected to grow by 16 percent in 2023 due to growing consumer demand and the emergence of clean technologies.
• The company’s assets are in Idaho and Nevada, both of which consistently rank in the top ten of Fraser Institute’s Mining Survey.
• The flagship Silver Strand Project covers a 5.8-kilometer strike in a world-renowned silver district in Idaho.
• Silver Hammer’s Eliza Silver Project consists of 98 claims in a district with a prolific history of high-grade production in the 1800s.
• The Silverton Project is drill-ready and has received little to no modern exploration work.
• An expert team with a proven track record of success leads the company towards fully capitalizing on its assets, with experts in brownfield projects and capital raising.

Key Projects

Silver Strand Silver Project

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.

Project Highlights:

• Drilling Confirms High-grade Silver-Gold System: Drilling from 2021 and 2022 programs, plus previously unreported data from a 2002 drill program, confirmed that mineralization extends beneath the existing mine workings
  • 9.76 g/t gold and 24.5 g/t silver over 2.2 meters (1,005 g/t silver equivalent)
  • 10.2 g/t gold and 199.06 g/t silver over 3.3 meters (1,219 g/t silver equivalent)
  • 10.9 g/t gold and 522 g/t silver over 1.5 meters (1,609 g/t silver equivalent)
• 2023 Exploration Plans: Silver Hammer is moving forward with the next phase of exploration, which will include further mapping, chip rock sampling, soil geochemical/structural review, and finalizing priority drill targets.
• Geological Formation with Prolific Deposits: Silver Strand sits atop the Revett geological formation, which hosts multiple deposits with more than 100 million ounces of silver, including:
  • The Lucky Friday Mine, which has produced 105 million ounces of silver (and still in production).
  • The Sunshine Mine, which produced 360 million ounces of silver
  • The Galena Mine, which produced more than 250 million ounces of silver

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

Eliza Silver Project

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:

• Encouraging Polymetallic Surface Assays: Surface sampling from 2021 and 2022 confirms the existence of a well-developed, silver-rich mineral system, with results including:
  • 1,540 g/t silver, 6.88 percent copper, 7.38 percent zinc
  • 1,410 g/t silver, 5.4 percent copper, 9.05 percent lead, 2.6 percent zinc
  • 1,180 g/t silver, 7.7 percent copper, 11 percent lead, 13.4 percent zinc
• Historical Production and Exploration: The project includes a past-producing mine and is located in a district that produced more than 40 million ounces of silver in the late 1800s.. In 1965, surface assays indicated 802.44 ounces per ton (oz/t) silver at 24,956 g/t, and 11.36 oz/t silver at 353 g/t.
• Exploration to Commence: The company will soon begin a property-wide geophysical survey as it moves towards the maiden drill campaign. Additionally, the company is exploring nearby opportunities for accretive acquisitions.

Silverton Mine Project

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.

Project Highlights:

• No Previous Modern Exploration: The project was a small-scale operation in the 1930s, and has received little to no modern exploration. It was last active in 1937.
• Potential for Two Mineralized Systems: Recent sampling and satellite imaging provide evidence of two separate systems: a volcanic-hosted gold system and a silver-dominated limestone-hosted mineral system.
• Drill Pad Permitting Complete: The company has received all necessary permits to begin drilling. Phase 1 drilling will commence once the company identifies priority targets.

Management Team

Peter A. Ball - President, CEO and Director

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 - Chief Financial Officer, Corporate Secretary and Director

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 - Chief Geologist

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 - Board Advisor

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 - Advisor

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 - Advisor

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 - Investor Relations

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.