VANCOUVER, British Columbia, May 11, 2022 (GLOBE NEWSWIRE) — Silver Hammer Mining Corp. (CSE: HAMR/OTCQB: HAMRF) (“Silver Hammer” or the “Company”) is pleased to announce high-grade silver assay results obtained during an early phase of exploration at the Company’s Eliza Project (“Eliza” or the “Project”) in Nevada, as well as the acquisition of the California Patent (“the Patent”), a strategic claim in the Project area.

Silver Hammer recently completed the purchase of the strategic California Mine Patent claim, which is located entirely within the Eliza Project claim block. The patent covers an area of ​​4.6 acres and includes the former California mine (Figure 1).

Figure 1. Map of Eliza’s properties, including the newly acquired California patent application

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A spring sampling program collected a total of 25 rock samples and grab samples from sites in the northern sector of Eliza, which includes the newly acquired California Mine area. Analytical results derived from these samples confirm the existence of high-grade silver (“Ag”) mineralization and the presence of significant concentrations of copper (“Cu”), lead (“Pb”) and zinc ( “Zn”) associated with silver.

Examples of highlights:

• PN662703: 1290 grams per tonne (“g/t”) Ag
• PN662717: 1,180 g/t Ag; 7.70% Cu; 11.00% Pb; 13.40% Zn
• PN662715: 632 g/t silver; 2.2% Cu; 1.49% Pb; 0.55% Zn

See Table 1 for additional results.

“Although we are in the early days of Eliza exploration, these high-quality samples provide further evidence that the project, including the newly acquired California patent, is an exciting and high-potential area,” said President and CEO Morgan Lekstrom. “Our exploration work continues to demonstrate the existence of high-grade silver mineralization in an historic mining district that has been the subject of limited modern exploration. A particularly interesting aspect of the results from this recent round of sampling is the presence of high-grade copper, lead and zinc, in addition to silver. This particular suite of metals is characteristic of vein and replacement-type mineral deposits commonly found at the periphery of porphyry copper deposits. Given recent sampling results, the potential for porphyry-related mineralization will be evaluated by our geologists as we delve deeper into the known silver outlook and potential.

Table 1: Notable results from the spring sampling program at Eliza

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Ongoing fieldwork at Eliza includes soil sampling and geological mapping. A geophysical survey program is expected to begin in Q2-Q3 of 2022. The results of the geochemical and geophysical surveys will be used to define priority drill targets prior to an initial phase of drilling at the project.

Technical observations at Eliza

Eliza’s geological setting is similar to that of other mines in the region. District-scale folding of Middle Paleozoic limestone and shale formations appears to have formed open-space faulting and fracture zones that channeled mineralizing fluids through chemically receptive host rocks, particularly the Devonian. Guilmette and Joana Limestone trainings.

The spring sampling program carried out in and around the historical mines of the Eliza project showed that replacement-type mineralized zones in the limestone exist along axial planar faults and fracture zones and generally develop into resistant ridges.

The analysis results of the sampling program confirm the observations made in the field: the replacement zones of the limestone and dolomitic micro-breccias show strong to very strong enrichments in Ag, arsenic (“As”), barium (“Ba ), Cu, manganese (“Mn”), Pb and Zn. Notable results are shown in Table 1 and Figure 1.

Qualified person

The technical aspects of this press release have been reviewed and approved by Philip Mulholland, a Certified Professional Geologist (CPG) of the American Institute of Professional Geologists, a company contractor, and the Designated Qualified Person (QP) under of National Instrument 43-101.

Quality assurance, quality control Sample security

The following measures were taken to ensure sample security: samples were submitted to AAS American Analytical Services; only authorized personnel witnessed the samples; samples were collected and recorded by Silver Hammer geologists and then shipped to the AAS laboratory in Osburn, Idaho.

Analysis Suite

All samples were assayed by AAS using conventional assay methods involving fire assay of 50 gram loads of pulverized samples for gold and silver, with Fire Assay ICP Finish (FA-ICP) ; AND ICP-35 element analysis (M-ICP-35).

Audits or reviews

Internal review of sampling techniques, data and results by geologists and company management was carried out regularly throughout the project.

Blanks and duplicates

For QA/QC purposes, batches of samples sent to AAS for assay and ICP analyzes were routinely infused with “duplicate” and “blank” samples. The “duplicates” were created during sample preparation at the AAS. The laboratory also provided the analytical results of its own reference samples for further QA/QC checking.

Disclaimer: Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s projects.

About Silver Hammer Mining Corp.

Silver Hammer Mining Corp. is a junior resource company advancing the former flagship Silver Strand mine in the Coeur d’Alene mining district of Idaho, United States, as well as the Eliza Silver Project and Silverton Silver Mine in one of the largest in the world. prolific mining jurisdictions in Nevada and the Lacy Gold Project in British Columbia, Canada. The main objective of Silver Hammer is to define and develop silver deposits near old mines that have not been sufficiently tested. The Company’s portfolio also provides exposure to copper and gold discoveries.

On behalf of the board of directors of Silver Hammer Mining Corp.
Morgan Lekström, President and CEO
Headquarters: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada

For any inquiries relating to investor relations, contact:
Kristina Pillon, High Tide Consulting Corp.
Such. : 604.908.1695
Email: [email protected]

For media inquiries, contact:
Adam Bello, Primoris Group Inc.
Such. : 416.489.0092
Email: [email protected]

CSE does not accept responsibility for the adequacy or accuracy of this release.

The Canadian Securities Exchange has neither approved nor disapproved of the contents of this press release.