High-Grade Silver And Gold Identified From Drilling At The Mogollon Project

VANCOUVER - Galen McNamara, CEO Of Summa Silver Corp. reported that, “"Ten of eleven holes drilled by the Company at Mogollon have now intersected strongly mineralized zones of silver and gold. Our best holes also compare favorably to drill results from our more advanced peers exploring and developing deposits in some of the most prolific silver mining districts globally. With a view towards building a long-term presence in the area, we look forward to continuing to explore in this special part of New Mexico."

The focus of the ongoing three-rig drill program is testing extensions of mineralization around the Consolidated Mine, centered on the north-trending Queen Vein. Assay results from the reported holes continue to demonstrate the high-grade nature of the Queen Vein and also the strong grade continuity along the vein and within the complex broad vein system.

MOG22-10 represents the southernmost hole drilled by the Company on the Queen Vein and is a 50 m step-out from MOG22-01. The hole intersected two intervals of quartz-rich veins and breccias; the upper interval (e.g., 420 g/t silver equivalent over 1.2 m at 259.8 m) is interpreted to represent a secondary cross-cutting vein, whereas the lower interval (e.g., 445 g/t silver equivalent over 16.6 m) is interpreted to represent the Queen Vein. The hole successfully extended Queen Vein mineralization south of MOG22-04 (429 g/t silver equivalent over 11.6 m) where it is currently being tested for further expansion.

Holes MOG22-08 and -11 were drilled north of the Consolidated Mine and were designed to step-out from MOG22-05 (31.0 m at 448 g/t silver equivalent). MOG22-08 intersected the Queen Vein approximately 80 m down-dip from MOG22-05 and MOG22-11 intersected the Queen Vein approximately 65 m along strike and to the north from MOG22-05. MOG22-08 returned an interval of 339 g/t silver equivalent over 17.8 m including 1,233 g/t silver equivalent over 2.0 m associated within a broad and complex zone of calcite-quartz veins, quartz-rich breccias with veinlets of bladed quartz and colloform banding. MOG22-011 intersected over 44 m of epithermal-related vein material with local zones of strong silver and gold mineralization (160 g/t silver equivalent over 10.9 m including 456 g/t silver equivalent over 0.6 m). Together with results from MOG22-05, both holes demonstrate the significant potential of the Queen Vein north of Consolidated mine where currently drilling is focused.

Holes MOG22-07 and -09 tested for the down-dip extension of mineralization below the Consolidated Mine. MOG22-07 yielded an interval of 159 g/t silver equivalent over 7.9 m including 247 g/t silver equivalent over 2.1 m associated with quartz-rich breccias and banded quartz-calcite veins which suggest the vein-system continues below the lowest level of historic development. MOG22-09 was drilled below MOG22-07 and intersected a section of un-mineralized Queen Vein.