Silver Mountain Mines Commence 2014 Program and Provides Corporate Update
July 10 2014 - 10:00AM
Marketwired Canada
Silver Mountain Mines Inc. (TSX VENTURE:SMM) ("Silver Mountain" or the
"Company") is pleased to announce the commencement of its 2014 exploration field
program at its wholly-owned Ptarmigan Mine property located near Radium, British
Columbia (the "Property").
The 2014 exploration field program will include further gravity surveys in the
Ptarmigan basin and an estimated 3,200 metres 2014 diamond drill program to test
and confirm mineralized depth. The area surrounding the Property hosts an
abundance of documented former producing mines, including the Mineral King, Blue
Bell and Paradise Mines. The Company believes that currently identified
mineralization could include both polymetallic Ag-Au-Cu-Pb-Zn veins and Ag-Au-Pb
manto style mineralization.
Management's 2014 goal is to better define and increase both size and potential
of the Ptarmigan Basin using all compiled data with updated interpretations from
its 2012 and 2013 programs to strategically plan its 2014 exploration program.
Key highlights from prior programs (http://www.silvermountainmines.com/news.asp)
in the Ptarmigan Basin to date include:
-- A gravity survey that defined numerous gravity anomalies (previously
released on January 22nd, 2014)
-- At least two fault zones have been identified, hosting high grade Ag+/-
Au+/-Cu+/-Pb+/- Zn mineralization with strike length of at least 1.4 km
trending north-northeast from the Iron Cap through the Upper Ptarmigan
and Ptarmigan Mine to the Dunwalk and then on to the North Ridge
(http://www.silvermountainmines.com/maps.asp).
-- The most significant mineralized zones tested by the 2012 drill program
were in the Ptarmigan Mine area and a mineralized fault structure in the
East Ptarmigan area. Drill result highlights include: 1,576 grams per
tonne (g/t) silver (Ag) and 0.74 g/t gold (Au) over 0.6 metres (m) in PT
12-72; 433g/t Ag and 0.54 g/t Au over 1.4 m, including 666 g/t Ag and
0.79 g/t Au over 0.9 m in PT12-74; and, 9,680 g/t Ag and 8.48 g/t Au
with 4.22% copper (Cu) over 0.3 m in PT12-75 (previously released,
November 15th, 2012)
-- Other drill intercepts includes: 452 g/t Ag over 6.8 m; 839 g/t Ag over
2.9 m; 1,642 g/t Ag over 1.1 m; and, 4,806 g/t Ag and 6.99 g/t Au over
0.3 m. (previously released on October 16, 2012)
The Company also announces that Mrs. Sandra Beaulieu has replaced Daryn Gordon
as CFO. The Board of Directors and Management wish to thank Daryn for his
valuable contributions and wish him success in his future endeavors. Mrs.
Beaulieu is a Certified General Accountant with more than 20 years of experience
working with junior public companies. Mrs. Beaulieu presently provides CFO and
accounting services to several TSX Venture Exchange listed companies.
The content of this news release has been reviewed by Rick Walker, B.Sc., M.Sc.,
P. Geo., a Qualified Person for the purposes of NI 43-101, with the ability and
authority to verify the authenticity and validity of the data herein
About Silver Mountain Mines Inc. (TSX VENTURE:SMM)
Silver Mountain Mines Inc. is a Canadian based exploration and development
company with 100% ownership of a 9,986 hectare property centered on the
historical silver rich Ptarmigan Mine in south eastern, British Columbia. The
property hosts two styles of mineralization: silver rich, high-grade
polymetallic epithermal veins and manto style massive / semi-massive sulphide
mineralization. For further information on Silver Mountain Mines Inc. please
visit the Company's website http://www.silvermountainmines.com and SEDAR
(www.sedar.com) or contact Mr. Steve Konopelky, President & CEO of the Company.
This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, potential mineral recovery processes, etc.
Forward-looking statements address future events and conditions and therefore
involve inherent risks and uncertainties. Actual results may differ materially
from those currently anticipated in such statements. These statements are based
on a number of assumptions and factors that could cause actual results to differ
materially from those in forward looking statements Silver Mountain Mines Inc.
does not assume any obligation to update or revise its forward-looking
statements, whether as a result of new information, future events or otherwise,
except to the extent required by applicable law. Neither the TSX-Venture
Exchange nor its Regulation Services Provider, as per the term defined in the
policies of the TSX Venture Exchange, accepts responsibility for the adequacy or
accuracy of the release.
ON BEHALF OF THE BOARD
Steve Konopelky, President and CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Silver Mountain Mines Inc.
Steve Konopelky
President and CEO
www.silvermountainmines.com
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