TONOPAH, NV / ACCESSWIRE / May 1, 2019 / Summa, LLC has recently completed an NI 43-101 Technical report on its Tonopah prospect in Nye County, Nevada.
The report, made available to the public April 30th, reviewed much of the past development, production and the data currently on-hand regarding the exploration work performed to date. The report indicates that between 1901 and 1930 more than 1 million ounces of gold and 100 million ounces of silver were produced from the more prominent of the various old mines on Summa’s 57 patented (or fee title) claims. The report also details exploration work performed 1970s – 1990s. There are indications that economically significant, previously un-mined vein mineralization, wider zones of disseminated mineralization both near surface and at depth, as well as a low grade Silver/Gold resource contained within the various mine “dumps” and mill tailings all occur on the property. An example of this mineralization is Hole TR-10 from a 1980 drill program that intercepted a 5-foot-wide zone of 18.58 oz/ton silver and 0.22 oz/ton gold and within a 20-foot wide zone that graded 4.24 oz/ton silver and 0.045 oz/ton gold.
Summa, LLC has made the full report available on their website. The full NI 43-101 Compliant Report can be found HERE.
About Summa LLC
Summa LLC is a Nevada-based, privately held company with mining claims in Clark County, Esmeralda County, Mineral County, Churchill County and Nye County. Summa’s principal asset is a package of several mineral prospects that were previously held by Howard Hughes’ Summa Corporation. The Tonopah property is the flagship property in the package. For more information about Summa LLC or to view the full report mentioned above, visit Summa LLC at http://summamining.com/
Tom Menning, Managing Member
Notice Regarding Forward-Looking Statements
This current report contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of minerals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE: Summa Mining LLC
View source version on accesswire.com: