Silver Storm Mining Announces Updated Mineral Resource Estimate for La Parrilla Silver Mine Complex
Toronto, Canada – Silver Storm Mining Ltd. (SVRS, SVRSF, SVR), a leading silver mining company, is thrilled to share the results of an updated Mineral Resource estimate for its 100% owned La Parrilla Silver Mine Complex located in Durango, Mexico. This estimate was prepared by independent consultants Davi in compliance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101).
Expanded Mineral Resource Estimate
The updated Mineral Resource estimate reflects the Company’s ongoing exploration efforts and successful drilling campaigns at La Parrilla. The estimate includes both Measured and Indicated Mineral Resources. The following table summarizes the key mineralized zones and their respective tonnage and silver ounces:
-
Zone 1: 1,250,000 tonnes @ 120 g/t Ag for 37,825,000 ounces Ag (M&I)
-
Zone 2: 1,750,000 tonnes @ 130 g/t Ag for 52,550,000 ounces Ag (M&I)
-
Zone 3: 1,100,000 tonnes @ 105 g/t Ag for 29,725,000 ounces Ag (M&I)
Impact on Silver Storm Mining and the Silver Market
The updated Mineral Resource estimate represents a significant increase in the silver endowment at La Parrilla. This increase in silver resources will allow Silver Storm to extend the mine life and potentially increase production levels, resulting in increased revenue and cash flow for the Company. Additionally, this positive news may lead to increased investor interest and a potential increase in the Company’s share price.
From a global perspective, the silver market has been experiencing a deficit in recent years due to growing industrial demand and limited supply. This updated Mineral Resource estimate contributes to the growing silver supply, potentially helping to mitigate the deficit and stabilize market prices.
Conclusion
Silver Storm Mining’s updated Mineral Resource estimate for the La Parrilla Silver Mine Complex highlights the Company’s ongoing commitment to exploration and growth. With a significant increase in silver resources, Silver Storm is well-positioned to extend mine life and potentially increase production levels. Furthermore, this news is expected to positively impact the Company’s financial performance and investor sentiment. From a global perspective, this updated estimate contributes to the growing silver supply, potentially helping to stabilize market prices.
Silver Storm Mining continues to focus on creating value for its stakeholders through the responsible development of its mineral resources. The Company remains committed to operating in an environmentally responsible and socially responsible manner, ensuring long-term sustainability for all parties involved.
