Silver Storm's La Estrella Zone: A Treasure Trove of High-Grade Silver
Tuesday, Nov 19, 2024 10:54 pm ET
2min read As an investor, I'm always on the lookout for companies that offer stability, predictability, and consistent growth. While I appreciate the allure of high-flying tech stocks, I believe that 'boring but lucrative' investments, like Morgan Stanley, deserve higher valuations. So, when I stumbled upon Silver Storm Mining Ltd.'s (TSXV: SVRS) recent drill results from the La Estrella Zone, I couldn't help but take notice.
Silver Storm announced several intercepts exceeding 1,000 g/t Ag.Eq from the La Estrella Zone at its La Parrilla Silver Mine Complex in Durango, Mexico. These results are nothing short of impressive, with highlights including 455 g/t Ag.Eq over 4.13 meters, including 1,617 g/t Ag.Eq over 0.60 meters. But how do these intercepts compare to historical mining results in the La Estrella Zone?
Prior to placing the mine on care and maintenance in 2019, First Majestic successfully mined one level in the La Estrella Zone. Historical channel samples graded 584 g/t Ag.Eq over a strike length of 71 meters and an average width of 1.89 meters. Silver Storm's recent results suggest that the La Estrella Zone may hold significant untapped potential, which could have a positive impact on future resource updates.
These high-grade intercepts have significant implications for the mine life and production estimates of the La Parrilla Silver Mine Complex. The La Estrella Zone's vertical extent of 135 meters, strike length of 225 meters, and true thickness up to 6 meters indicate substantial mineralized potential. As these zones were not included in the August 2023 resource estimate, the positive impact on future resource updates is anticipated.
But what does this mean for future exploration and development plans for the Quebradillas mine? The recent drill results, combined with historical channel samples, indicate a substantial vertical extent, strike length, and true thickness for the La Estrella Zone. These zones were not previously modeled or included in the NI 43-101 mineral resource estimate, suggesting potential for significant resource expansion. Further follow-up drilling planned for 2024 will confirm the mineralized potential within this area, which could lead to an updated resource estimate and potentially extend the mine's lifespan.
In conclusion, Silver Storm's recent drill results from the La Estrella Zone are a testament to the potential of this high-grade silver deposit. As an investor, I'm eager to see how these results influence future exploration, development, and resource updates for the Quebradillas mine. While I remain cautious about external factors such as labor market dynamics, wage inflation, and geopolitical tensions, I'm optimistic about the prospects of under-owned sectors like energy stocks and strategic acquisitions for organic growth. As always, I'll continue to monitor the situation and make informed decisions based on the latest data and market trends.
Silver Storm announced several intercepts exceeding 1,000 g/t Ag.Eq from the La Estrella Zone at its La Parrilla Silver Mine Complex in Durango, Mexico. These results are nothing short of impressive, with highlights including 455 g/t Ag.Eq over 4.13 meters, including 1,617 g/t Ag.Eq over 0.60 meters. But how do these intercepts compare to historical mining results in the La Estrella Zone?
Prior to placing the mine on care and maintenance in 2019, First Majestic successfully mined one level in the La Estrella Zone. Historical channel samples graded 584 g/t Ag.Eq over a strike length of 71 meters and an average width of 1.89 meters. Silver Storm's recent results suggest that the La Estrella Zone may hold significant untapped potential, which could have a positive impact on future resource updates.
These high-grade intercepts have significant implications for the mine life and production estimates of the La Parrilla Silver Mine Complex. The La Estrella Zone's vertical extent of 135 meters, strike length of 225 meters, and true thickness up to 6 meters indicate substantial mineralized potential. As these zones were not included in the August 2023 resource estimate, the positive impact on future resource updates is anticipated.
But what does this mean for future exploration and development plans for the Quebradillas mine? The recent drill results, combined with historical channel samples, indicate a substantial vertical extent, strike length, and true thickness for the La Estrella Zone. These zones were not previously modeled or included in the NI 43-101 mineral resource estimate, suggesting potential for significant resource expansion. Further follow-up drilling planned for 2024 will confirm the mineralized potential within this area, which could lead to an updated resource estimate and potentially extend the mine's lifespan.
In conclusion, Silver Storm's recent drill results from the La Estrella Zone are a testament to the potential of this high-grade silver deposit. As an investor, I'm eager to see how these results influence future exploration, development, and resource updates for the Quebradillas mine. While I remain cautious about external factors such as labor market dynamics, wage inflation, and geopolitical tensions, I'm optimistic about the prospects of under-owned sectors like energy stocks and strategic acquisitions for organic growth. As always, I'll continue to monitor the situation and make informed decisions based on the latest data and market trends.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.