Silver Mountain Mines Inc. (TSX VENTURE:SMM) ("Silver Mountain" or the
"Company") is pleased to announce new results from further modeling of data
acquired from the 2013 gravity survey completed on its wholly-owned Ptarmigan
Property (the "Property"), located near Radium, British Columbia (see News
Release dated October 17, 2013).


Detailed gravity survey data collected by Excel Geophysics previously identified
a number of exciting gravity anomalies in the Ptarmigan Basin that merit
subsequent evaluation. Continued modeling and interpretation of the gravity data
indicates these significant anomalies are located at greater depth than known
high grade mineralization identified through surface sampling, trenching and/or
diamond drilling completed between 2009 and 2012 ("2009-2012 Geological
Exploration Results"). Diamond drilling proposed for 2014 will require deeper
holes to evaluate these recently discovered gravity anomalies.


The detailed gravity survey completed within the Ptarmigan Basin comprised a
total of 329 gravity stations, with 56 stations along the upper ridge and 273
stations within the basin. Stations within the basin were collected along 25
survey lines oriented east - west, with a station spacing of 50 meters. Survey
lines were spaced 50 meters apart within the basin and 25 meters apart in the
area over the former Ptarmigan mine workings and the Upper-East Ptarmigan Basin.



Modeling and interpretation of the gravity data has resulted in identification
of 3 well defined anomalies in the Ptarmigan Basin (Anomalies D, E, F)
(www.silvermountainmines.com/maps.asp), which are interpreted to be located
below 240m depth, extending to at least 540 m below surface, based on a minimum
density contrast of 1.4 g/cm3. All three anomalies are strong and modeling.
Interpretation of the data, as well as correlation to results reported in the
"2009-2012 Geological Exploration Results" suggests that these new anomalies are
sources and/or deeper extensions of the previously identified shallow
mineralization. All three anomalies present very attractive targets and will be
drilled in 2014.


The northern anomaly (D) is located northwest of the former Ptarmigan Mine,
underlying the valley floor and has been interpreted from prior geophysical
surveys. The middle anomaly (E) is located east of the surface trace of the
former Ptarmigan Mine, with approximate surface dimensions of 172 m x 50 m. The
southern anomaly (F) has estimated surface dimensions of 100 m x 26 m. The Upper
Ptarmigan massive sulphide occurrence, spatially associated with the west margin
of gravity anomaly (F), extends east toward the East Ptarmigan area, where
additional drill holes were completed to further evaluate and develop
semi-massive to massive sulphide intercepts, identified by surface trenching and
drilling in 2009-2012.


These anomalies are the objective of the Company's proposed 2014 drill program.
Analysis and modeling continues on the gravity results from the 2013 program to
better define and develop the anomalies.


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

"Signed"

Steve Konopelky, President and CEO

FOR FURTHER INFORMATION PLEASE CONTACT: 
Silver Mountain Mines Inc.
Mr. Steve Konopelky
President & CEO
+1 403 229 9140
www.silvermountainmines.com

Silver Mountain Mines (TSXV:SMM)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Silver Mountain Mines Charts.
Silver Mountain Mines (TSXV:SMM)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Silver Mountain Mines Charts.