Silver Mountain Reports Initial High Grade Results of 2,315 G/T of Silver, 1.64 G/T of Gold and 1.10 % Copper Over 1.16 Metres
CALGARY, ALBERTA--(Marketwired - Sep 8, 2014) - Silver Mountain Mines Inc. (TSX VENTURE:SMM) ("Silver Mountain" or the "Company") announces the completion of its summer drill program on its wholly-owned Ptarmigan Property (the "Property"), located near Radium, British Columbia.
The drill program commenced on July 19, 2014 and completed a total of approximately 3,690 metres in 25 diamond drill holes in the Ptarmigan Mine area. The objective of the 2014 drill program was to develop and extend the mineralized body interpreted from previous drill programs, extending south of Adit#2 surface exposure and plunging through mineralization remaining in the Level 1 workings. In addition, holes were drilled in the Ptarmigan Mine area for further development of the Level 1, Adit #2 and Adit #3 workings.
Two exploration holes PT14-104, a vertical hole extending 538 m from surface, and PT14-105, drilled at an inclination of -70° to a depth of 269 m, tested interpreted lithological and structural controls on mineralization within the Ptarmigan Basin.
Extending the results of previous drill programs, the 2014 drill program successfully intersected and extended the mineralized body and identified additional high grade mineralization. The following table summarizes initial independent lab results from massive sulphide intercepts on four of the 25 total drill holes.
| Summary of initial results from massive sulphide intercepts: | |||||||
| Drill Hole | From (m) | To (m) | Length (m) | Ag (g/t) | Au (g/t) | Cu (%) | |
| PT14-107 | 91.22 | 96.51 | 5.29 | 253 | 0.47 | 0.14 | |
| includes | 92.49 | 93.74 | 1.25 | 868 | 0.66 | 0.46 | |
| includes | 92.49 | 92.69 | 0.20 | 2,790 | 1.19 | 1.52 | |
| includes | 92.69 | 93.19 | 0.50 | 1,000 | 0.92 | 0.51 | |
| includes | 94.97 | 96.51 | 1.54 | 108 | 0.731 | 0.06 | |
| PT14-108 | 90.19 | 95.60 | 5.41 | 527 | 0.65 | 0.25 | |
| includes | 90.19 | 91.35 | 1.16 | 2,315 | 1.64 | 1.10 | |
| includes | 90.19 | 90.75 | 0.56 | 3,125 | 2.02 | 1.52 | |
| includes | 90.75 | 91.35 | 0.60 | 1,560 | 1.28 | 0.71 | |
| includes | 94.12 | 94.67 | 0.55 | 50.8 | 1.15 | 0.03 | |
| PT14-112 | 85.80 | 90.37 | 4.57 | 517 | 0.70 | 0.27 | |
| includes | 86.20 | 87.05 | 0.85 | 861 | 1.50 | 0.44 | |
| includes | 86.20 | 86.49 | 0.29 | 1,590 | 1.84 | 0.79 | |
| includes | 86.49 | 87.05 | 0.56 | 483 | 1.33 | 0.25 | |
| includes | 88.20 | 89.55 | 1.35 | 1,129 | 0.92 | 0.59 | |
| includes | 89.00 | 89.55 | 0.55 | 2,690 | 1.32 | 1.41 | |
| PT14-113 | 83.40 | 88.75 | 5.35 | 314 | 0.58 | 0.16 | |
| includes | 86.49 | 87.65 | 1.16 | 1,328 | 1.29 | 0.67 | |
| includes | 86.49 | 86.92 | 0.43 | 102 | 1.35 | 0.04 | |
| includes | 86.92 | 87.65 | 0.73 | 2,050 | 1.25 | 1.04 | |
| *True widths have not been calculated and are therefore not known at this time |
The results from a further 19 drill holes subsequently completed in the Ptarmigan Mine area will be released as results become available. Please see http://www.silvermountainmines.com/maps.asp for updated maps.
QA-QC All samples were submitted to AGAT Laboratories ("AGAT") for analysis, an independent certified laboratory and preparation facility which maintain an ISO 17025 accreditation by the Standards Council of Canada (SCC). All samples were securely stored at the Ptarmigan Mine site and shipped to their Toronto Laboratory for analysis.
The content of this news release has been reviewed by Rick Walker, B.Sc., M.Sc., P. Geo., a Qualified Person for the purposes of NI 43-101, with the ability and authority to verify the authenticity and validity of the data herein
About Silver Mountain Mines Inc. (TSX VENTURE:SMM)
Silver Mountain Mines Inc. is a Canadian based exploration and development company with 100% ownership of a 9,986 hectare property centered on the historical silver rich Ptarmigan Mine in south eastern British Columbia. The property hosts two styles of mineralization: silver rich, high-grade polymetallic epithermal veins and manto style massive / semi-massive sulphide mineralization.
For further information on Silver Mountain Mines Inc. please visit the Company's website http://www.silvermountainmines.com and SEDAR (www.sedar.com).
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions and factors that could cause actual results to differ materially from those in forward looking statements Silver Mountain Mines Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law. Neither the TSX-Venture Exchange nor its Regulation Services Provider, as per the term defined in the policies of the TSX Venture Exchange, accepts responsibility for the adequacy or accuracy of the release.
ON BEHALF OF THE BOARD
Steve Konopelky, President and CEO