Silver Mountain drills 812.7 g/t silver over 1.55 metres at Reliquias mine, Peru

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Silver Mountain Resources Inc. [AGMR-TSXV] reported additional results from its 2022 underground drilling campaign at the company’s Reliquias silver mine in Huancavelica, central Peru. Last year’s drill program was completed in mid-December, with a total of 16,955 metres drilled in 71 bore holes. The assay results of all 12 holes drilled to test the Meteysaca vein are reported in this release.

Highlights: Underground drilling identified several high-grade silver-polymetallic intercepts in the Meteysaca vein and adjacent vein splays, including 1.55 metres at 812.7 g/t silver, 0.75% lead, 2.17% zinc, 0.27% copper and 0.36 g/t gold in the Meteysaca vein, in drill hole SMR-57-22-MTS, including 0.55 metres at 2,240 g/t Ag, 1.40 % Pb, 4.80% Zn, 0.71% Cu and 0.96 g/t Au; 0.85 metres at 434.8 g/t Ag, 1.28% Pb, 2.11% Zn, 0.13% Cu and 0.29 g/t Au, in a splay of the Meteysaca vein, in hole SMR-58-22-MTS; 1.10 metres at 244.8 g/t Ag, 3.85%t Pb, 7.72% Zn, 0.59% Cu and 0.65 g/t Au, in the Meteysaca vein, in drill hole SMR-55-22-MTS; 0.55 metres at 320 g/t Ag, 2.90% Pb, 2.50 % Zn, 0.23% Cu and 1.72 g/t Au, in a splay of the Meteysaca vein, in drill hole SMR-47-22-MTS; 0.55 metres at 425 g/t Ag, 2% Pb, 1.30% Zn, 0.16% Cu and 0.39 g/t Au in the Meteysaca vein, in drill hole SMR-52-22-MTS.

Alfredo Bazo, President and CEO, commented: “Based on underground mapping and sampling of the Meteysaca vein along the 415-metre level, we know that this structure is relatively consistent in width, though on average slightly narrower than the other main structures. The results reported today surpassed our expectations regarding the vein thickness below the 415-metre level. We are thrilled to see the silver content reaching bonanza grades between 20 oz and up to 70 oz Ag in various intercepts. Furthermore, several vein intersections returned very promising gold grades between 1.00 and 2.55 g/t Au. Due to its elevated metal content, the Meteysaca structure is expected to be included in the initial mine development work programmed to start in late Q3 2023.”

Silver Mountain Resources Inc. is a silver explorer and mine developer planning to restart production at the Reliquias underground mine and undertake exploration activities at its prospective silver camps at the Castrovirreyna Project in Huancavelica, Peru.

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