Receipt Of Updated & Revised Drill Permit For Upcoming Silverton Project Exploration Program

VANCOUVER – Silver Hammer Mining Corp. has received an updated exploration drill permit for the Silverton Project in Nye County, Nevada and has subsequently posted its reclamation bond with the United States Bureau of Land Management. The Company is now finalizing its selection from various drill contractors to complete a fully funded, exploration drill program of up to 5,000 feet in up to eight (8) reverse circulation (RC) holes and anticipates drilling will commence in the latter part of October to early November 2025. The Company plans to announce further news related to the Silverton drill program as we finalize the program timing and final scope of work.
“Silver Hammer acquired 100% of the Silverton Project in 2021, and has only completed surface exploration which included trenching, sampling and geophysics while the Company focused efforts on its 100% controlled Silver Strand project in Idaho and its larger-scale and 100% controlled high-grade Eliza Silver Project, where five historical mines are situated. The Company is excited to finally test below the near-surface historical Silverton underground workings, a high-grade silver mine which last saw production in the early 1950s, and with the goal to determine what the old silver miners potentially missed below the existing workings nearly 80 years ago,” said Peter A. Ball, President & CEO. “It will be a busy year ahead as we look to drill test under potentially all seven (7) high-grade, historic silver mines. The Company is also positioned well in a current and robust silver market pushing over US$50 per ounce, and the recent completion of a fully subscribed private placement. The Company is also reviewing interesting accretive projects that have recently been presented to our team for acquisition, joint venture and corporate opportunities.”