Article content material
TORONTO — Silver Storm Mining Ltd. (“Silver Storm” or the “Firm“) (TSX.V: SVRS | OTC: SVRSF | FSE: SVR) is happy to announce that buying and selling of its widespread shares will resume on the TSX Enterprise Trade (“TSXV“) on the opening of the market on Thursday, November 28, 2024. This follows the profitable decision of the stop commerce order issued by the British Columbia Securities Fee (“BCSC“) on October 15, 2024 and revoked by the BCSC on November 8, 2024.
Article content material
The Firm acknowledges and appreciates the persistence of its shareholders and stakeholders throughout this course of and reaffirms its dedication to adhering to excessive requirements of compliance and company governance.
Article content material
Challenge Replace – La Parrilla
The underground diamond drill program on the Firm’s 100% owned La Parrilla Silver Advanced was accomplished in October 2024. A complete of 18,682 metres (“m”) was drilled throughout Section 1 & 2, with 12,265 m reported to-date. Upon completion of the QA/QC in addition to interpretation, the extra 6,417 m might be reported over the approaching weeks.
The Firm has engaged SRK Canada Inc. to arrange a Mineral Useful resource Replace for the undertaking, with completion focused in January 2025. The beneficial drill outcomes from Section 1 & 2 diamond drilling are anticipated to have a constructive influence on the Mineral Useful resource Replace.
Greg McKenzie, President and CEO, commented: “The profitable outcomes achieved from our first diamond drill program at La Parrilla have vastly enhanced our information of the mineralization in addition to controlling options and methods. Moreover, the high-grade drill outcomes clearly reveal that zones beforehand mined by First Majestic Silver proceed down-plunge and alongside strike.”
Annual Shareholders’ Assembly Announcement
Silver Storm Mining Ltd. can be happy to announce that its Annual Shareholders’ Assembly might be held on January 24, 2025, at 10:00 a.m. EST. Shareholders of document as of December 23, 2024 might be entitled to vote on the assembly. Additional particulars, together with the assembly agenda and directions for participation, might be offered within the Discover of Assembly and Administration Info Round to be despatched to shareholders in the end.
Overview by Certified Particular person and QA/QC
The scientific and technical data on this doc has been reviewed and permitted by Bruce Robbins, P.Geo., a Certified Particular person as outlined by Nationwide Instrument 43-101.
About Silver Storm Mining Ltd.
Silver Storm Mining Ltd. holds advanced-stage silver tasks positioned in Durango, Mexico. Silver Storm lately accomplished the acquisition of 100% of the La Parrilla Silver Mine Advanced, a prolific operation which is comprised of a 2,000 tpd mill in addition to 5 underground mines and an open pit that collectively produced 34.3 million silver-equivalent ounces between 2005 and 2019. The Firm additionally holds a 100% curiosity within the San Diego Challenge, which is among the many largest undeveloped silver property in Mexico. For extra data concerning the Firm and its tasks, please go to our web site at www.silverstorm.ca.
Neither the TSXV nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSXV) accepts duty for the adequacy or accuracy of this information launch.
Article content material
Cautionary Notice Concerning Ahead Trying Statements:
Sure statements on this information launch are forward-looking and contain various dangers and uncertainties. Such forward-looking statements are throughout the which means of the phrase ‘forward-looking data’ within the Canadian Securities Directors’ Nationwide Instrument 51-102 – Steady Disclosure Obligations. Ahead-looking statements are usually not comprised of historic details. Ahead-looking statements embody estimates and statements that describe the Firm’s future plans, targets or targets, together with phrases to the impact that the Firm or administration and Certified Individuals (within the case of technical and scientific data) expects a said situation or end result to happen. Ahead-looking statements could also be recognized by such phrases as “believes”, “anticipates”, “expects”, “estimates”, “could”, “may”, “would”, “will”, or “plan”. Since forward-looking statements are based mostly on assumptions and tackle future occasions and situations, by their very nature they contain inherent dangers and uncertainties. Though these statements are based mostly on data at present accessible to the Firm, the Firm offers no assurance that precise outcomes will meet administration’s expectations. Dangers, uncertainties and different components concerned with forward-looking data may trigger precise occasions, outcomes, efficiency, prospects and alternatives to vary materially from these expressed or implied by such forward-looking data. Ahead-looking data on this information launch consists of, however just isn’t restricted to, reinstatement to the TSX-V, the Firm’s Annual Shareholder Assembly, the timing and completion of extra drill outcomes, the timing and completion of the Mineral Useful resource Replace, and expectations relating thereto.
In making the forward-looking statements included on this information launch, the Firm and Certified Individuals (within the case of technical and scientific data) has utilized a number of materials assumptions, together with that the Firm´s monetary situation and growth plans don’t change due to unexpected occasions. Ahead-looking statements and data are topic to numerous identified and unknown dangers and uncertainties, lots of that are past the flexibility of the Firm to regulate or predict, that will trigger the Firm’s precise outcomes, efficiency or achievements to be materially totally different from these expressed or implied thereby, and are developed based mostly on assumptions about such dangers, uncertainties and different components set out herein, together with, however not restricted to, there being no assurance that the Firm’s present and future exploration applications will develop the Mineral Useful resource base or improve Mineral Useful resource confidence, the chance that the assumptions referred to above show to not be legitimate or dependable, the chance that the Firm is unable to realize its objective of putting La Parrilla again into manufacturing; market situations and volatility and international financial situations together with elevated volatility and doubtlessly unfavourable capital elevating situations ensuing from the continued or escalation of the COVID-19 pandemic, danger of delay and/or cessation in deliberate work or adjustments within the Firm’s monetary situation and growth plans worker relations; relationships with and claims by native communities and indigenous populations; availability and growing prices related to mining inputs and labour, the speculative nature of mineral exploration and growth, together with the dangers of acquiring obligatory licenses and permits and the presence of legal guidelines and laws that will impose restrictions on mining, together with the Mexican mining reforms; dangers referring to environmental regulation and legal responsibility; the likelihood that outcomes is not going to be in keeping with the Firm’s expectations; dangers referring to completion of the annual audit in a well timed method.
Such forward-looking data represents finest judgment based mostly on data at present accessible. No forward-looking assertion could be assured, and precise future outcomes could range materially. Accordingly, readers are suggested to not place undue reliance on forward-looking statements or data.
View supply model on businesswire.com: https://www.businesswire.com/information/dwelling/20241127996723/en/
Contacts
For extra data, please contact:
Greg McKenzie, President & CEO
Ph: +1 (416) 504-2024
information@silverstorm.ca
#distro
Share this text in your social community
