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Silver Hammer Mining (CSE:HAMR,OTC:HAMRF) President Morgan Lekstrom discussed new developments in the company’s projects, focusing on the flagship Silver Strand mine, located in Idaho. Lekstrom noted, “It’s a past producing silver mine with a bit of a gold overprint on it — and it’s still one of the highest producing silver districts in the world. We picked up the project called Silver Strand, which was only ever mined down to 90 meters. They mined vertically, then left it when they were unable to consolidate the land.”
#SilverHammerMining #Idaho #SilverStrandMine
This resulted in significant opportunity for Silver Hammer, Lesker states, “We successfully consolidated the land package and started to test the surface realizing there’s a lot of potential — all these outcrops with very strong grades, so we quickly advanced into an underground rehabilitation program. In November 2021, we drilled six holes, all with strong mineralization starting around 30 meters below surface. We’re planning a drill program starting shortly in the underground and then also starting on the surface.”
As the company proceeds with Silver Strand into 2022, Lekstrom also saw the opportunity to seek out assets at the Eliza project, a historically producing mine. He notes, “We have this philosophy looking at it going — if they didn’t have geophysics back then, they didn’t have modern exploration. So we started doing our very light program as we brought it in late September. We found not only was there high grade silver on that property, but also copper, lead, and zinc.”
Lesker speaks to his industry specialization, noting that “It’s exciting for Silver Strand, because it’s a prolific area, and this is one of those targets that people didn’t necessarily have the same vision as we did on how we want to consolidate and approach it. With my background being the mine builder background, we get to look at it a bit differently. Most of my experience is more on the technical side leading project groups, engineering groups, and working the exploration side.”
To balance out the management team, Lesker goes on to say, “We have people on our team like Ron Burke, former vice president of Centerra and for Silver Standard, now SSR mining. He’s a legend in the industry for finding highgrade silver projects. We also have our chief geologist, Mulholland and a row of capital market experts that helped us put together our approach.”
Speaking to the future, Lekstrom notes about Silver Strand, “We picked up that property, we went and did some boots on the ground work, we actually tripled the land claim package. We just did some drill targeted, and we’re actually fully permitted to drill it now as well. So it’s going to be pretty exciting this year,” continuing to say, “We want to do it methodically, there is massive resource potential on all three of these properties, especially Silver Strand.”
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
