Two New High-Grade Silver-Gold Veins East Of Tonopah Mining District

VANCOUVER - Summa Silver Corp. has discovered two new high-grade silver-gold veins in wildcat-style exploration holes at the Hughes Project near Tonopah, Nevada. At the Ruby Discovery a new vein discovery of 1,450 g/t silver equivalent over 3 m (812 g/t Ag, 8.4 g/t Au) including 2,959 g/t silver equivalent over 0.6 m (1,635 g/t Ag, 17.4 g/t Au) in core hole SUM23-59. The vein discovery was intersected approximately 200 m above the targeted Ruby horizon, is open in all directions, and represents a 1.5 km step-out from the historic Tonopah mining district. The new vein flanks a compelling geophysical target, and an additional 650 m step-out hole is now in progress.

The Sapphire Discovery reported a new vein discovery of 376 g/t silver equivalent over 1.5 m (175 g/t Ag, 2.56 g/t Au) in reverse-circulation hole SUM23-62. Sapphire is the eastern-most target ever drilled at Tonopah and represents a 4.2 km step-out from the mining district. These results represent only the first hole into Sapphire where SUM23-62 was drilled as a wild-cat hole to test coincident soil and geophysical anomalies with approximate dimensions of at least 500 m x 500 m.

Broad zones of strong hydrothermal alteration were intersected in every hole suggesting the eastern extension of the Tonopah district is primed for additional discoveries. High-grade silver and gold mineralization has now been intersected in multiple zones over 6.2 km across an east west-trend on the Hughes Project.

Galen McNamara, CEO, stated: "The new discoveries across the eastern extension of the Tonopah mining district are a testament to our systematic and methodical approach to exploration. From the beginning we have strongly believed the productive veins of Tonopah continued to the east under cover. Results from our exploration drilling to-date so far support that hypothesis and confirm the significant big picture prospectivity of the Hughes Project. The Company continues to be well financed and remains in the strong position of having two American high-grade, district-scale silver projects, both of which continuously show strong zones of mineralization hole after hole."