Categories: Base Metals / Precious Metals
Topics: General Base Metals / General Precious Metals

Silver Hammer Mining (CSE: HAMR)(OTC: HAMRF) CEO Morgan Lekstrom on Multiple Kilogram Plus Silver Intercepts & Plans for 2022

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the president and CEO of Silver Hammer Mining, Mr. Morgan Lekstrom. Morgan, how are you today?

Morgan Lekstrom: I'm fantastic, how are you doing? Thanks for having us on again.

Gerardo Del Real: No, look, thanks for coming on. You're off to a very, very busy start to 2022. You had a press release a few weeks back that explained what the exploration strategy was going to be for Silver Hammer, and you just had a release here yesterday that I think validates the approach. Let me read the headline and then I'll let you provide a bit of context there, Morgan.

The headline from yesterday read:

Silver Hammer Reports 2071 g/t AgEq Over 1 Metre and 1249 g/t AgEq Over 3.3 Metres, Plus Multiple 1 Kilogram Intercepts from Previously Unreported Drilling at Silver Strand Project

  I've known you for a bit now, Morgan, and every time we chat, it seems like we're chatting accretive acquisitions, or accretive drill results, and now it seems like every time we chat, we're talking about multiple kilogram plus intercepts. Congratulations, great hits.

Morgan Lekstrom: Thank you very much. Yeah, we're really happy with that, and obviously, every company that has drill results say that, but having these types of results really pushes us towards what we were talking about, that high mineralization, right below the existing workings, and then starting to go down a depth. As you can see, it's getting richer, it has potential to go very deep, and now, from an independent report that we commissioned, we know that there is very, very large potential along strike as well. It's an independent geology report done by a PhD in the local area, and the potential at Silver Strand, our flagship mine, is astronomical to be large, very fast.

Gerardo Del Real: You are looking forward to what looks to be an extremely busy 2022, right? Not only do you have the one project, but you have multiple drill ready projects that you believe are going to be critical in the second half of this year. But there's a lot of work between now and that second half that's going to take place. Can you break that down for those that may be newer to the story?

Morgan Lekstrom: Yeah, absolutely. I mean, we were talking about our flagship mine, Silver Strand, which is in Idaho, in the Coeur d’Alene district, we are going back in there, we're going to go back into the underground, we're going to start drilling and testing at deeper depths. That is going to happen, probably starting in May. Then we're going to start drilling on surface. We've found outcrops, we've found mineralization on surface, gold and silver mineralization, and highly mineralized, along surface, and multiple outcrops. We're going to start testing those with the drilling on surface, we're already permitted for that.

Then we have our projects in Nevada, we brought those in in September. The Eliza Project, very high potential silver project, past producing area, very high grade, hasn't been gone back to since the 1800s. We started doing sampling and we noticed we're not only getting high grade silver, we're getting very high grade copper, up to about 6.8% in some of our samples, multiple, multiple percentages in almost all of our samples. It's been very, very impressive, and I'm looking forward to drilling that in the second half of the year as well.

As well as our Silverton Project, another past producing silver mine. One half the property is silver and the other half is gold. We just finished up a program there, here, about a week ago, so we're waiting for the results from that, a large sampling program. We're looking at what we're doing with our property down there, and I'm sure you'll see a news release in the next few weeks on that.

Gerardo Del Real: There's not a lot of high grade, pure silver stories, you have a sprinkle of copper and a sprinkle of gold in there now, you have multiple projects, you have a very straightforward plan to unlocking value in 2022. How's the treasury looking?

Morgan Lekstrom: Looking real good. We're fully funded to execute what we need to right now, and like any junior miner, when we need money, we'll look for it. But right now, we're not, we're fully funded to execute. And I have to remind viewers that because... Or people listening. Because we have that existing underground, our return on investment is very high, because we no longer have to plow in roads and go through a giant permitting processes. We stick a drill underground, we drill our holes out, and we come back out. And instead of running a program for six months, we can run it over a month. So the return on investment, utilizing existing underground workings, and that new technology and drilling methods that we have, is extremely high, and allows us to utilize our existing treasury a lot more efficiently.

Gerardo Del Real: Morgan, it's a great plan, you're executing beautifully thus far. I know the last few days in the precious metals space have softened a bit, after what's been a great start to the year. I think that turns around in rather quick fashion here, and I'm looking forward to having you back on and chatting here when the remaining assays come in.

Morgan Lekstrom: Yeah, as well am I, and I think we will all be pleasantly surprised this year, with what we're doing at Silver Strand, and Silver Hammer in general. I'm not going to use the word transformative, but I think it's going to be an exceptional year, because transformative is going to limit us. I think we're going to be an exceptional year for Silver Hammer and for our growth and for our shareholders.

Gerardo Del Real: Looking forward to it. Thank you so much for the time, we'll chat soon.

Morgan Lekstrom: Thanks. Chat soon.