Silver Hammer Announces Receipt of Updated and Revised Drill Permit for Upcoming Silverton Project Exploration Program in Nevada

Core Viewpoint - Silver Hammer Mining Corp. has received an updated exploration drill permit for its Silverton Project in Nevada, allowing the company to commence a fully funded exploration drill program of up to 5,000 feet in eight reverse circulation holes, with drilling expected to start in late October to early November 2025 [1][2]. Company Overview - Silver Hammer Mining Corp. is focused on advancing high-grade silver projects in the United States, controlling 100% of seven previously producing silver mines, including the Silverton Silver Mine in Nevada and the Silver Strand Project in Idaho [14]. Project Details - The Silverton Project has multiple drill targets identified, with a focus on testing the mineralized area near and under historic high-grade mine workings [3][4]. - The initial drill program will consist of up to eight reverse circulation holes totaling 5,000 feet, primarily aimed at assessing the continuity of high-grade silver mineralization previously mined in the 1930s and 1950s [4][5]. Historical Context - The Silverton Mine has a history of production dating back to 1921, with the last recorded shipment in 1953, totaling less than 100,000 tons and historic production grades ranging from 300 g/t to 933 g/t silver [6][7]. Market Position - The company is well-positioned in a robust silver market, with prices exceeding US$50 per ounce, and has recently completed a fully subscribed private placement [2].