Silver Hammer Mining – Setting Up for Transitional Year on High-Grade Projects in Idaho and Nevada
[Music] joining us for a conversation is Morgan lexm the CEO of silver hammer mining Mr lexm welcome to the show sir thanks for having me back marce it’s been a while it has it’s a great time to have you join us to get us up todate on the latest exciting developments on silverhammer mining before we begin Mr lexum Please provide us with a brief introduction on Silver Hammer mining and the opportunity the company presents to shareholders yeah I mean it’s it’s really been a fantastic nine months of really getting this company going we started trading in May last year we’re a pure silver play company called Silver Hammer if you can get by the name um we’re we’re focusing on past producing mines in Idaho and Nevada really on that western western United States um we have a high- grade pass producing mine in Idaho called the Silver Strand mine we’re exploring that it’s got an existing underground we’ve Consolidated a 5 a half kilometer strike that had never been done before and we’re starting to drilled at here in may we did a small drill program last year started to prove that there are there is gold and silver there and at grades that are very very good for 14 meters below surface and we’re going to start exploring that more then we moved down and we moved into two assets in NADA we only picked them up in late September we’re starting to explore our Liza property that’s in the historic Hamilton District District that District produced 40 million ounces of silver from 1868 to 1872 at grades between about 5 and a half and 18 a half thousand grams of ton silver equivalent now those are fantastic grades no one has gone back in 150 years on our properties and and taking a look at it so we’re fortunate enough to pick that up we started sampling it not only did we find highgrade silver up to about 1500 grams a ton with multiple 400,000 plus gram a ton um hits but also multiple percentages of copper lead zinc so really looks fantastic for that large exploration payoff as well and then our next project we picked up is called Silverton it’s about an hour 20 from tonopa and it was a past ruc Sil line as well again keeps going with the whole philosophy here and we started doing some work on it this winter and realized that not only is there that past producing silver portion there’s a there is a gold portion of the property but that the silver portion as well has gone on this longer strike area that had never been looked at so we started sampling it we started mapping it and we’re we’re getting going on that we decided hey why don’t we permit that one as well to drill so Silverton is fully permited to drill now and when we’re ready we will look at not only doing some geophysics but some drilling there in short order strong management team in the background myself being a Mind Builder working for some of the majors like Freeport and riotinto in Mongolia and Indonesia and with people like Ron Burke in the background who is ex vice president of centa uh exploration vice president of silver standard exploration now SSR mining we have Lawrence Ralston a fantastic newsletter writer geologist company starter and uh chairman of metall royalties as well as Jonas Lang on our Capital Market side well it’s a number of compelling value propositions before us and I’m anxious to get a little further into each of your projects here but let’s step back for a moment remind us on the stock performance as you’re approaching your onee anniversary it’s been quite a ride for shareholders in in the most uh optimistic way I should say yeah you know what I’ve been very proud of our share base and the folks behind this as well as the team and how it’s performed I mean we did our last financing at 25 cents for three and half million dollars and the stock had a half half uh warrant on it so at 50 cents and really it is a testament to the vision and how we want to grow this that in the accelerated manner that we are growing it and the great thing about that is we went from 25 cents up to you know we were floating around 34 cents at the uh when the four-month hold came off on that financing and it ran all the way up to a doll eight and generally in those four months hold things run down um we were pleasantly surprised and we had great news and now we’re hovering around that 65 to 70 Cent Mark so you know two and a half times about what our last financing was and I think we may you know we have that potential to have that explosive growth again this year high potential for sure now we’re going to cover your capital structure a little bit later but please remind us how many shares outstanding do you currently have we about 38.2 million shares uh 6.9 million in the money warrants and totally fully diluted with our options we are about 47.9 million shares so very very tight shares structure very low float very low amount of shares out so it’s pretty great well let’s go on site beginning with your Flagship Silver Strand project located in the renowned cordel Lane mining District of Idaho Mr leum if you would mind please reacquaint us with the value proposition before us so that’s that that past producing silver mine in what you just said the cordelane silver mining District that’s a silver ballet that’s where K hecka that’s where these huge companies got their starts with their monster like sunshine and Galena and lucky Friday and all those mines go down 1,800 plus meters and have produced hundreds of millions of ounces of silver now what’s unique about Silver Strand is it’s in the same rock formation the same revette formation it has a gold cap to it which a lot of people didn’t know that lucky Friday had back in the day and has only ever gone up 90 meters it hasn’t gone down so now that we were able to not only get back in that underground and start drilling down we Consolidated a land package along that 5 and a half kilometer strike now we can start exploring that and we did that last summer we started getting grades all up and down the strike of you know up to 12 grams gold 255 grams a ton silver on Surface from Chip samples so now we have a really clear path forward on how we can make that resource very big very fast and a make that strike length much even much bigger but the key portion is that there is depth potential there there’s depth and strike potential and that’s how companies like hecko with lucky Friday got really big really fast yeah there’s a lot of Blue Sky potential here before us uh and you somewhat alluded to it but what are the latest advancements on the Silver Strand and please share some of the latest results again with us yeah absolutely so we were able to repatriate some core from the past drilling program that they they’ started to drill down and we were able to repatriate the core the assays and hitting 2 and half th000 gram of ton silver equivalent um 1,200 gram of ton silver equivalent over 3.3 M we in our drill program we hit 600 grams a ton silver equivalent 550 grams a ton silver equivalent over multiple meters we actually hit a 15.5 meter Zone that was highly mineralized with a 1.3 grams of ton gold but I remind viewers this was only 14 met below surface just because we have the underground doesn’t mean it it has to be an underground it just gives us an advantage and a cheaper way to explore we don’t have to drill through the overburden we don’t have to plow in roads we use the existing underground we put in a drill bade we rehabilitated the mine and we went back in there and and drilled off six very quick holes you know generally takes a year from when you get a property to start drilling it we we were drilling it within four months so we’re planning that drilling pattern going forward we’re going to explore surface underground and this is the year it certainly sounds like it well what work is currently being conducted and what can we expect as far as news flow this year absolutely well we’re looking at getting drilling back here in May um so you’re going to have a lot of drill results from there very very promising and uh we’re going to start drilling surface as well at Silver Strand so hitting some of those surface targets starting to test them starting to test that strike extension so again we’re going to be testing depth in one area we’re going to be testing strike one and the other and that could just lead to a massive massive uh potential b or body there um not only at depth but along strike so moving south to Nevada let’s highlight Silva Hammer’s recent acquisitions back in September on two past producing high-grade silver projects that could stand out as Flagship projects in their own right uh beginning with the Silver Strand mine tell us about the region and acquaint us more with the opportunity before us so Silverton sorry sir Silverton Silverton Sil that’s okay that’s okay so Silverton is is an hour and 20 minutes from tonopa kind of Northeast it’s in it’s in a past produced it’s called the Silverton Valley and it was a pass produced about 900 gram a ton in 1920s to 1930s obviously everything kind of shut down back then for silver prices and the wars and all that fun stuff that was going on and depression and no one has really gone back there they’ve looked in the mountains around they found gold showings but no one’s went and looked at the silver component to this so our geologist has been down there we’ve more than doubled the land claim package we will be adding a significantly more to it coming up in short order we will be like I said we were permitted we are permitted now to drill 13 pads we’re permitted we’re going to look at a combination of RC and core and we’re going to start chasing that and that’s that really gives us a nice back stop project to right away start exploring and we you know we we thought about it we’re like okay with our Flagship Silver Strand we’re we’re looking there and Idaho but now we’re like wow hold on you have all these Potentials in Nevada it’s a great state to work in so we’re going to start hopefully pounding out some good results out of Silverton as well concurrently and what can we expect as far as news flow from that geoh physics drilling hopefully this year uh definitely hopefully this year and uh a lot more land claan package expansion lot more samples so I mean the whole gamut of what you’d expect from a junior mining company but we’re we’re advancing it very quickly sticking with Nevada introduced us to the Eliza silver project and what has shareholders accepted excited about the project you know I’m so I’m also really excited about this project and I say that not to be you know an ere excited CEO but I’m excited because when you’re starting to explore a past producing area that produced 40 million ounces in four years those grades had to be high that was hand to mouth that was not modern mechanized mining that was hand to mouth people digging there are old reports of of hitting pods and I mean PODS of silver of 66% in Chlor host in chlorite there was there’s old texts about rooms of silver on these properties so if we hit anything like that which I I firmly believe we can We’re Off to the Races but not only do we have that potential silver deposit on Eliza now we have what we’re seeing is could be a potential pory underneath us and there are P Frey showings around so we do think that there’s a high potential for a highr pory there potentially I’m not a copper porfy expert I’m not a geologist so uh that’s that’s Phil in his department but it’s a lot of showings anything about about a about a 100 gram silver we’ve been seeing multiple percentages of copper in the sample so we you’ll see some news coming out hopefully in the next week or two on on the Eliza project on some interesting consolidations we’re doing there and uh they’ll give you an idea in that news release what we’re going to be planning for that project this year Switching gears let’s look at some numbers Sir Mr leom Please provide us the capital structure for Silver Hammer mining yeah so again 38.2 um million shares out right now and 2. 2.5 million options 6.9 million warrants in the money warrants of 50 cents and to fully diluted about 47.8 million 47.9 and also a full disclosure I just recently added to my position I exercised my warns I participated in the first financing uh you certainly have my vote of confidence sir well I know we really appreciate that uh Maurice uh we we have been getting warrants coming in and that provides a very natural organic funding method for us Mr what would you like to say to shareholders you know I’d like to say stay tuned you know if this is the WB come in with a stay tuned for an exciting announcement because uh I I think this is really the transformative year we we got our legs behind us last year we had we got our plans in place we brought in amazing assets we accelerated everything including drilling permitting Drilling and now we’ve got three high potential lowrisk projects that have been past producing that have that potential to be company Builders so not only are we relying on one project we have that potential in all three last question sir what did I forget to ask you wonder where my B Tai wasse no I’m just kidding you know you asked all the right questions Maurice and I’m I’m very happy to be back on your program and talking to your viewers and listeners and hopefully they’ve been following our story in in eager and uh I can tell you it’s again it’s going to be a transformative year for us uh with the Commodities with with everything’s going on in the macro situation I’m really happy to be working in the western us Mr Le for someone that wants to learn more about Silver Hammer mining please share the contact details ww. silverhammer mining.com and go right to the bottom and click on the link investor relations and talk to Christina Pon she’s our ir and if you have any questions please get her to forward them on to me I’m more than happy to take a call or have a chat Mr Le it’s been a pleasure speaking with you wishing you and silver hammer mining the absolute best sir thank you very much mace have a great day the information presented on proven improbable is provided for educational and informational purposes only without any Express or implied warranty of any kind including warranties of accuracy completeness or Fitness for any particular purpose the information is not intended to be and does not constitute Financial investment or trading advice or any other advice you should not make any Financial investment or trading decision based on any of the information presented without first undertaking independent due diligence and consultation with a professional broker or competent financial adviser
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Silver Hammer Mining | CSE: HAMR | OTCQX: HAMRF)
Website: https://silverhammermining.com/
Silver Strand: https://silverhammermining.com/silver-strand/
Corporate Presentation: https://silverhammermining.com/wp-content/uploads/2021/09/Silver-Hammer-Mining-Investor-Presentation-Fall-2021-Oc.pdfPresentation-August-2021-FINAL-.pdf
Twitter: https://twitter.com/silverhmr
Contact: 604.908.1695
Silver Hammer Mining is focused on building a multi mine silver production company. Its growing asset portfolio includes the recently acquired past-producing Silver Strand and Burnt Cabin mines located in the renowned Coeur d’Alene mining district in Idaho, USA, one of the most prolific silver districts in the world and the earlier stage Lacy Gold-Silver project in British Columbia, Canada.
The Silver Strand Project
– The Silver Strand Mine has a 5.5km strike length in the Coeur d’ Alene mining district in Idaho.
– Located in North Idaho’s Silver Valley along Interstate 90.
– The district is known for its depth potential with numerous deposits and has produced over 1.2 billion ounces of silver.
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Call me directly at 855.505.1900 or email: Maurice@MilesFranklin.com
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