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SMM Silver Mountain Mines Inc

0.305
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Silver Mountain Mines Inc TSXV:SMM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.305 0.21 0.395 0 01:00:00

Silver Mountain Mines Announces Board Appointment and Drill Results From its 2013 Winter Program

30/01/2014 2:00pm

Marketwired Canada


Silver Mountain Mines Inc. (TSX VENTURE:SMM) ("Silver Mountain" or the
"Company") announces the appointment of Mary P. Webster to the Board and drill
results from its 2013 winter program on its wholly-owned Ptarmigan Property (the
"Property"), located near Radium, British Columbia. 


Mary P. Webster, B.Sc. Geology, brings extensive technical and corporate
experience to the Company, including over 20 years field experience as geologist
and project manager involving project planning, operations and new project
generation. Two career technical highlights include Exploration Manager for
Geddes Resources Ltd. (responsible for developing Windy Craggy, the largest
copper deposit in the western world) and President of Liberty Mineral
Exploration during its transition from the Yukon, NWT to Timmins, ON for launch
as a nickel producer. Mrs. Webster served as the trusted in-house mining analyst
to three corporate finance firms in Toronto. In addition, she was Founder and
President of a 100% First Nation owned and controlled mining project development
company involving 17 First Nations from Yukon and B.C. Mrs. Webster has
instigated and managed cross-jurisdictional project compliance programs
involving fisheries, wildlife, forestry, communities and First Nations, with all
proponent and stakeholder considerations. Mrs. Webster also delivered a $25
million alliance between Major Operator/Banking Group and First Nation Company
and was recognized for Best in Canada performance of junior resource fund
management. She attended the Colorado School of Mines and holds a degree in
geology from McMaster University.


 "We are very pleased to announce the appointment of Mrs. Webster to our Board
of Directors," commented Vince Goegan, SMM's Chairman of the Board. "Mary's
depth of experience in the exploration mining and finance sectors will make a
significant contribution to our company as we advance the new discoveries on our
Ptarmigan Property and with the Company's near term corporate growth strategy."
The appointment is subject to customary review by the TSX Venture Exchange.


The Drill Program, which commenced in December 2013, was designed to test two of
the gravity anomalies identified, providing key sub-surface information required
to evaluate the anomalies. Rock and soil samples recovered in the immediate area
returned anomalous to highly anomalous geochemical results, supporting potential
for sub-surface mineralization (see
http://www.silvermountainmines.com/maps.asp). 


A total of 3 holes were drilled, one vertical hole and two inclined holes. Hole
PT13-101 was drilled immediately south of gravity anomaly B. A second hole, PT13
-102, was drilled at an inclination of -60 degrees toward azimuth 318 degrees to
further test anomaly B. The third hole PT 13-103, was drilled at -50 degrees
toward azimuth 76 degrees to test anomaly C (see
http://www.silvermountainmines.com/maps.asp)


The holes provided valuable structural information and specific gravity data to
further interpret the gravity results.  Data from the gravity survey, combined
with results from drilling, suggest an east-west cross fault along Redline
Creek. The significance of a cross-fault to subsequent exploration of the
Property is that fault intersections (i.e. the north-trending fault system in
the Ptarmigan Basin and the east-west cross fault) often represent structural
zones that are ideal hosts for subsequent mineralization events. These zones
also represent significant exploration targets, as cross-faults provide a good
environment for metal-bearing metamorphic fluids from deeper structural levels
(see http://www.silvermountainmines.com/maps.asp).


A total of 20 samples were taken for determination of specific gravity analysis
and assay (see November 13, 2013 news release). The results of this analysis and
additional interpretation are intended to support a comprehensive 2014 drill
program (see http://www.silvermountainmines.com/reports.asp). 


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

FOR FURTHER INFORMATION PLEASE CONTACT: 
Silver Mountain Mines Inc.
Mr. Steve Konopelky
President & CEO
www.silvermountainmines.com

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