Silver Hammer Mining Reports High-Grade Silver Finds at Nye County's Silverton Mine

Silver Hammer Mining Corp. CEO Peter A. Ball released Phase 1 drill results from Nye County's Silverton mine on April 7 that hit 361 grams per tonne (g/t) silver in core and 581 g/t at surface, numbers high enough to push the company toward a second program aimed at a potentially larger silver system beneath the historic workings.

The six-hole program, totaling approximately 738 meters drilled in the Central Zone of the Western Silver Zone, was Silver Hammer's first formal drilling test of the 100%-owned Silverton property. Completed in late 2025 and early 2026, it produced a best intercept of 361 g/t Ag over 1.5 meters alongside those surface grab samples, results the company described as the first positive assay confirmation from Silverton.

Ball said structural and alteration patterns suggest the exploration team is "vectoring downward along newly identified zones, indicating the potential discovery of a chimney and manto CRD-type of silver mineralization at depth." Carbonate replacement deposits can concentrate silver in narrow but high-grade shoots, precisely the type of target that justifies additional drilling before a company commits to a full resource estimate.

The company's assay methodology included fire assay and multi-element ICP analysis. True widths for reported intercepts were estimated at roughly 50% to 90% of drilled core lengths, a qualification that matters when converting headline intervals into the tonnage models that underpin any mine feasibility study. Alteration mapping identified separate eastern gold-bearing jasperoid zones and western silver-hosted zones across the property.

The distance between a promising Phase 1 intercept and a producing mine in Nye County involves years of additional drilling, resource estimation, Bureau of Land Management permit filings, reclamation bond increases, and potential NEPA review if surface disturbance expands. Silver Hammer has not published a resource estimate for Silverton; Phase 1 establishes that high-grade silver exists below the historical workings, not yet how large the system is.

If follow-up drilling advances, Tonopah-area contractors, sampling laboratories, and equipment suppliers would likely see the earliest economic activity. A multi-year program would also trigger road-use impacts on access routes and water-use filings that county officials manage alongside any job creation projections. The company's next BLM notices and reclamation bond filings will be the clearest signal of whether Silver Hammer has the capital to close the gap between these intercepts and an actual mine.