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Silverstorm Metals Corp.

TSXV:SVRSLive AI agent

Silver Storm holds advanced-stage silver assets located in Durango State, Mexico.

Investor website: https://www.silverstorm.ca/

About

Silver Storm holds advanced-stage silver assets located in Durango State, Mexico. In 2026, the Company restarted operations at its 100%-owned La Parrilla Silver Complex that includes three underground mining areas and a 2,000 tpd processing facility. The Company also holds a 100% interest in the San Diego Project, one of the largest undeveloped silver projects in Mexico.

Verified company data

Cash position
C$13,000,000
Shares outstanding
766.7 M
Fully diluted shares
1,045.8 M
Mineral resource
The updated Mineral Resource Estimate was modelled using 45 veins across the three underground mining areas of Rosarios, San Marcos and Quebradillas comprising both oxide and sulphide mineralization. The December 31, 2024 Mineral Resource Estimate includes an additional 138 core boreholes, totaling 18,626 m, as well as an exhaustive reinterpretation of the mineralized structures, completed after the acquisition of La Parrilla in August 2023. The results from the drill program and the reinterpretation enabled an additional 23 mineralized structures to have be modelled, including several that were mined by the previous operator. Resource Data​ | Category and Mineral Type | Qty. (kt) | Grade | Contained Metal | | --- | --- | --- | --- | | Silver (g/t) | Gold (g/t) | Lead (%) | Zinc (%) | AgEq (g/t) | Silver (koz) | Gold (koz) | Lead (kt) | Zinc (kt) | AgEq (koz) | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Indicated Oxides | 117 | 308 | 0.15 | - | - | 322 | 1,162 | 0.6 | - | - | 1,215 | | Indicated Sulphides | 1,079 | 174 | 0.10 | 1.73 | 1.88 | 275 | 6,037 | 3.4 | 18.6 | 20.3 | 9,550 | | Total Indicated Resources | 1,197 | 187 | 0.10 | 1.56 | 1.69 | 280 | 7,199 | 3.9 | 18.6 | 20.3 | 10,765 | | Inferred Oxides | 259 | 278 | 0.13 | - | - | 290 | 2,318 | 1.1 | - | - | 2,419 | | Inferred Sulphides | 1,729 | 159 | 0.12 | 1.46 | 1.63 | 249 | 8,852 | 6.7 | 25.3 | 28.2 | 13,850 | | Total Inferred Resources | 1,988 | 175 | 0.12 | 1.27 | 1.42 | 255 | 11,169 | 7.7 | 25.3 | 28.2 | 16,269 | Mineral Resource Data derived from the Independent Technical Report for the La Parrilla Silver Mine, Durango State, Mexico prepared by SRK Consulting (Canada) Inc. (March 24, 2025). The full report is available on SEDAR+ and the Silver Storm Mining website.
Projects
["La Parrilla Silver Complex has restarted operations and is currently ramping up production. La Parrilla is located in Durango State, Mexico, approximately 76 kilometres southeast of Durango City, the state’s capital, and comprises 40 contiguous mining concessions in good standing, covering 38,128 hectares. The property was in production continuously between 2006 and September 2019, when it was placed on care and maintenance. During this period, La Parrilla produced 34.3 million silver-equivalent ounces. La Parrilla hosts multiple underground mining areas surrounding the mill, including Rosarios, Quebradillas, and San Marcos. Silver Storm acquired 100% of the La Parrilla Silver Complex in August 2023 from First Majestic Silver.\n\nGeology & Mineralization\n\nMineralization at La Parrilla occurs in veins and replacement deposits, the locations of which are structurally controlled by pre-existing faults, fractures, and bedding planes. Veins can be either open space filling, forming massive sulphide and breccia veins, or fault-related, consisting of matrix-supported breccias or gouge containing disseminated sulphides and oxides. The La Parrilla deposits contain primary sulphides. Due to supergene oxidation, the primary sulphides in the upper parts of some deposits have been altered.\n\nProcessing Plant\n\nThe La Parrilla processing plant has grinding capacity of 2,000 tonnes per day across parallel flotation and cyanidation leach circuits that treat sulphide and oxide mineralized material, respectively. Sulphide material is processed by differential flotation to produce a silver-rich lead concentrate and a separate zinc concentrate, while oxide material is processed by cyanide leaching to produce doré bars.","San Diego is one of the largest undeveloped silver projects in Mexico with substantial growth potential. San Diego contains 55.5 Moz AgEq and 155.3 Moz AgEq in Indicated and Inferred Resources, respectively. According to SGS Canada, the San Diego Mineral Resources could potentially be expanded by 20-50 million tonnes grading from 100 to 150 g/t Aq.Eq from existing structures, as well as lateral and depth extensions. The 92 Ha. San Diego Property is located 75 km southwest of the city of Torreon, 4 km ENE of Golden Mineral’s San Juana Mine and 13 km NE of Penoles’ Santa Maria Mine in NE Durango State, Mexico. San Diego has easily accessible power and mining infrastructure nearby. The property is connected to a major 4-lane highway via an approximately 20-minute drive on a gravel road. San Diego is wholly owned by Silver Storm and is subject to a 2% NSR to Golden Minerals.\n\nUnderstanding the Deposit Setting of the San Diego Project in Durango\n\nThe Velardeña Mining District hosts quartz-calcite veins with associated silver, lead, zinc, gold and copper mineralization typical of the polymetallic, low-sulphidation epithermal deposits of northern Mexico. The San Diego property is centered on a large Tertiary Diorite Stock which intrudes a thick sequence of Cretaceous limestone of the Aurora and Cuesta del Cura Formation.\n\nSan Diego Deposit\n\n33,000 meters of surface diamond drilling has been completed on the property since 2005. Silver occurs with Lead and Zinc sulphides and Silver-sulphosalts in a variety of environments, including: numerous laterally and vertically continuous Carbonate Veins; stringer zones; disseminated zones; Carbonate replacement zones; Mantos and, at depth, very large Skarn Zones. SGS (Canada) Ltd., using a geo-statistical approach to resource estimation, completed a 43-101 Compliant Resource Study in 2013. The study identified 23 different mineralized zones and generated 34 3D-block models. The wide variety in style, width, and grade of mineralization across the property was evaluated using appropriate cut-off grades related to narrow-vein mining, long-hole mining, or large-scale bulk mining methods in Mexico."]
Leadership
Alessandro Moretti (Business advisor, Is an experienced professional with many years of experience in company. Over the years, he has proven himself to be a responsible, goal-oriented and highly qualified professional, demonstrating deep knowledge and the ability to adapt to new challenges.), Bianca Corsini (Sales Manager), Enzo Romano (Business advisor), Matteo Ricci (Sales Manager, Is an experienced professional with many years of experience in company. Over the years, he has proven himself to be a responsible, goal-oriented and highly qualified professional, demonstrating deep knowledge and the ability to adapt to new challenges.)

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