Silver Mountain Mines Announces Board Appointment and Drill Results From its 2013 Winter Program
31 January 2014 - 2:00AM
Marketwired
Silver Mountain Mines Announces Board Appointment and Drill Results
From its 2013 Winter Program
CALGARY, ALBERTA--(Marketwired - Jan 30, 2014) - Silver Mountain
Mines Inc. (TSX-VENTURE:SMM) ("Silver Mountain" or the "Company")
announces the appointment of Mary P. Webster to the Board and drill
results from its 2013 winter program on its wholly-owned Ptarmigan
Property (the "Property"), located near Radium, British
Columbia.
Mary P. Webster, B.Sc. Geology, brings extensive technical and
corporate experience to the Company, including over 20 years field
experience as geologist and project manager involving project
planning, operations and new project generation. Two career
technical highlights include Exploration Manager for Geddes
Resources Ltd. (responsible for developing Windy Craggy, the
largest copper deposit in the western world) and President of
Liberty Mineral Exploration during its transition from the Yukon,
NWT to Timmins, ON for launch as a nickel producer. Mrs. Webster
served as the trusted in-house mining analyst to three corporate
finance firms in Toronto. In addition, she was Founder and
President of a 100% First Nation owned and controlled mining
project development company involving 17 First Nations from Yukon
and B.C. Mrs. Webster has instigated and managed
cross-jurisdictional project compliance programs involving
fisheries, wildlife, forestry, communities and First Nations, with
all proponent and stakeholder considerations. Mrs. Webster also
delivered a $25 million alliance between Major Operator/Banking
Group and First Nation Company and was recognized for Best in
Canada performance of junior resource fund management. She attended
the Colorado School of Mines and holds a degree in geology from
McMaster University.
"We are very pleased to announce the appointment of Mrs. Webster
to our Board of Directors," commented Vince Goegan, SMM's Chairman
of the Board. "Mary's depth of experience in the exploration mining
and finance sectors will make a significant contribution to our
company as we advance the new discoveries on our Ptarmigan Property
and with the Company's near term corporate growth strategy." The
appointment is subject to customary review by the TSX Venture
Exchange.
The Drill Program, which commenced in December 2013, was
designed to test two of the gravity anomalies identified, providing
key sub-surface information required to evaluate the anomalies.
Rock and soil samples recovered in the immediate area returned
anomalous to highly anomalous geochemical results, supporting
potential for sub-surface mineralization (see
http://www.silvermountainmines.com/maps.asp).
A total of 3 holes were drilled, one vertical hole and two
inclined holes. Hole PT13-101 was drilled immediately south of
gravity anomaly B. A second hole, PT13 -102, was drilled at an
inclination of -60 degrees toward azimuth 318 degrees to further
test anomaly B. The third hole PT 13-103, was drilled at -50
degrees toward azimuth 76 degrees to test anomaly C (see
http://www.silvermountainmines.com/maps.asp)
The holes provided valuable structural information and specific
gravity data to further interpret the gravity results. Data from
the gravity survey, combined with results from drilling, suggest an
east-west cross fault along Redline Creek. The significance of a
cross-fault to subsequent exploration of the Property is that fault
intersections (i.e. the north-trending fault system in the
Ptarmigan Basin and the east-west cross fault) often represent
structural zones that are ideal hosts for subsequent mineralization
events. These zones also represent significant exploration targets,
as cross-faults provide a good environment for metal-bearing
metamorphic fluids from deeper structural levels (see
http://www.silvermountainmines.com/maps.asp).
A total of 20 samples were taken for determination of specific
gravity analysis and assay (see November 13, 2013 news release).
The results of this analysis and additional interpretation are
intended to support a comprehensive 2014 drill program (see
http://www.silvermountainmines.com/reports.asp).
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).
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
Silver Mountain Mines Inc.Mr. Steve KonopelkyPresident &
CEOwww.silvermountainmines.com
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