01:18 PM EDT, 10/15/2021 (MT Newswires) -- Summa Silver Corp. (SSVR.V) said Friday that it has initiated drilling at the high-grade silver and gold Mogollon Property in New Mexico.
The company's stock fell 4.8% on last look on Friday.
The drilling will test un-mined extensions of the Consolidated Mine, centred on the north-trending, epithermal-related Queen Vein, the company said.
The initial set of drill holes are intended to intersect the Queen Vein on about 100-meter centers. The company has planned more than 5,000 total meters for this phase of drilling with an additional minimum of 10,000 meters planned for the first half of 2022 as drill hole spacings are tightened to approximately 50 meters.
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