Silver Storm Mining's Trading Resumes and Project Milestones
Silver Storm Mining Ltd. Resumes Trading on TSX-V
Silver Storm Mining Ltd. (“Silver Storm” or the "Company") (TSX.V: SVRS | OTC: SVRSF | FSE: SVR) is thrilled to announce that trading of its common shares will resume on the TSX Venture Exchange starting Thursday. This follows the resolution of a trading halt by the British Columbia Securities Commission.
Appreciation for Supporters
The Company expresses deep gratitude to its shareholders and stakeholders for their enduring patience while navigating this process. Silver Storm is committed to upholding rigorous standards in compliance and corporate governance.
Project Update – La Parrilla Silver Complex
Completion of Drilling Program
Recently, the underground diamond drill program at the La Parrilla Silver Complex was successfully completed. A substantial total of 18,682 metres was drilled across multiple phases, with significant results to be reported shortly.
Positive Expectations for Resource Update
In collaboration with SRK Canada Inc., Silver Storm is preparing an updated Mineral Resource estimate for La Parrilla, set to be completed soon. The favorable drilling results are anticipated to positively influence this update, enhancing the overall resource estimation.
CEO's Insights on Drilling Outcomes
Greg McKenzie, President and CEO, emphasized the remarkable success of the drilling program, noting the enhanced understanding of mineralization patterns and their implications for future resource development. He pointed out that the high-grade results affirm the potential for continuity of previously mined zones.
Annual Shareholders' Meeting Details
In addition to exciting project advancements, the Company has scheduled its Annual Shareholders' Meeting for January 24, 2025. Shareholders of record will have the opportunity to engage in discussions and vote during this important event, with further details to be communicated in the upcoming notice.
Qualified Person Review
The scientific information presented here has been comprehensively reviewed by Bruce Robbins, P.Geo., a Qualified Person as per National Instrument 43-101 regulations.
About Silver Storm Mining Ltd.
Silver Storm Mining Ltd. boasts strong silver projects in Mexico, particularly the La Parrilla Silver Complex, equipped with a 2,000 tpd mill and multiple operational mines. The complexity of the property highlights its historical production of over 34 million silver-equivalent ounces, pointing to its prominent position in the mining landscape. The Company also owns the San Diego Project, a key undeveloped silver asset.
Frequently Asked Questions
What is the current status of Silver Storm Mining's stock?
Silver Storm Mining's stock will resume trading on the TSX Venture Exchange after a successful resolution of a trading halt.
When will the Annual Shareholders' Meeting occur?
The Annual Shareholders' Meeting is scheduled for January 24, 2025, at 10:00 a.m. EST.
What updates can we expect from the La Parrilla Silver Complex?
Silver Storm intends to release new drilling results and is preparing an updated Mineral Resource estimate, which is expected to be positive.
Who is the Qualified Person overseeing the technical information?
Bruce Robbins, P.Geo., has reviewed and approved the scientific information presented.
What is the significance of the drilling results at La Parrilla?
The high-grade drill results support the potential for expanding the resource base and enhancing the Company's understanding of the mineralization.
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