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Silver Hammer Mining (CSE: HAMR) has provided an update on exploration activities across its silver projects in Nevada and Idaho, while also outlining progress on its proposed acquisitions of Stroud Resources and SilverMark Resources.
The company has completed field programmes at both the Eliza project in Nevada and the Silver Strand project in Idaho, with assay results from recent rock and soil sampling campaigns currently pending. At the Fahey silver project in Idaho, Silver Hammer is assessing the potential for a TITAN 24 induced polarization and magnetotelluric geophysical survey to help refine future drill targets.
Peter Ball, president and CEO of Silver Hammer Mining, commented: “We continue to advance our silver projects in Nevada and Idaho, with rock and soil sampling programs completed at Eliza and Silver Strand with assays pending, and a potential geophysical survey under evaluation for Fahey, both of which will assist in guiding our upcoming drill programs. Our proposed acquisitions of Stroud and SilverMark are progressing, with strong shareholder approval secured and the closing is still targeted for the fourth quarter of 2026. We continue to see strong interest in the concurrent private placement and have extended the expected closing date to November 30, 2026, to allow additional time for investor participation. In parallel, we are preparing to advance an expanded portfolio of silver projects across the U.S., Mexico and Morocco.”
Project highlights include:
- Eliza project, Nevada
- Completed summer geological mapping and sampling programme
- Collected 454 samples, including 396 soil samples and 58 rock samples
- Assays are pending from Bureau Veritas
- Work is expected to refine drill targets ahead of a planned drilling campaign
- Silver Strand project, Idaho
- Completed geological mapping, prospecting, and rock and soil sampling
- Assay results remain pending
- Planning an initial five-hole, 750m drill programme
- Existing permits allow expansion to eight holes totalling 2,438m if warranted
- Fahey silver project, Idaho
- Evaluating a TITAN 24 DCIP and MT geophysical survey
- Recent work has focused on mapping favourable Upper Revett Formation geology and reviewing historic mineralization
- Survey results could be used to prioritise future drill targets
- Akka polymetallic project, Morocco
- Management recently visited the project through the proposed SilverMark acquisition
- The property hosts multiple mineralized vein systems across a district-scale area measuring approximately 7km by 2.5km
- Team also reviewed a 200t-per-day flotation-gravity processing facility available for purchase
- Meetings were held with local mining industry representatives and partners to discuss future opportunities
On the corporate front, shareholders of Silver Hammer, Stroud Resources, and SilverMark have approved the previously announced amalgamation transactions. The parties have extended the outside date for completing the deals to 31 January 2027, while continuing to target closure in the fourth quarter of 2026.
In parallel, SilverMark’s brokered private placement, targeting gross proceeds of between C$7M and C$10M, continues to attract investor interest and is expected to close on or around 30 November 2026. Completion of the financing remains a condition of the proposed amalgamations.
To learn more about this, please visit https://silverhammermining.com/
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