SMM Silver Mountain Mines Inc

Silver Mountain Mines Inc. (TSX VENTURE:SMM) ("Silver Mountain" or the
"Company") is pleased to report results from thirteen of forty-five diamond
drill holes from the Ptarmigan Mine area on its 100% owned Ptarmigan Property
near Radium, British Columbia. The program successfully identified additional
high grade silver-bearing vein and semi-massive to massive manto-style
mineralization containing a high proportion of sulphosalts.


Mineralization includes intervals of 452 grams per tonne (g/t) silver (Ag) over
6.80 metres (m), 839 g/t Ag over 2.90 m, 1,642 g/t Ag over 1.10 m and 4,806 g/t
Ag and 6.99 g/t gold (Au) over 0.29 m. From cross sections, mineralization is
interpreted to be an irregular rod shaped body estimated to have a minimum
thickness of 5.5 m and maximum thickness of 8 m. The orientation of the
mineralized trend supports the interpretation of pyrite-rich, semi-massive to
massive sulphide mineralization extending from the Level 2 Adit (at surface) to
the Level 1 workings. This interpretation suggests this irregular mineralized
rod extends a minimum of 90 m, plunging approximately 15 degrees from surface
through the Level 1 workings and remains open to the south. 


The following table summarizes reported Ptarmigan Mine drill intercepts:



----------------------------------------------------------------------------
                  From      To  Length(i)     Ag     Au     Pb     Zn     Cu
DDH                 (m)    (m)        (m)  (g/t)  (g/t)    (%)    (%)    (%)
----------------------------------------------------------------------------
PT12-56            4.00  13.00       9.00   1.89   0.14   0.01   0.00   0.00
----------------------------------------------------------------------------
PT12-57            4.50   7.10       2.60   0.91   0.07   0.00   0.00   0.00
----------------------------------------------------------------------------
PT12-58         abandoned and re drilled as PT12-59                         
----------------------------------------------------------------------------
PT12-59           45.90  48.80       2.90    839   0.93   0.28   0.04   0.54
----------------------------------------------------------------------------
including         45.90  47.00       1.10  1,642   1.07   0.55   0.08   1.05
----------------------------------------------------------------------------
PT12-60         intersected level 1 workings - zone mined out               
----------------------------------------------------------------------------
PT12-61           48.80  49.95       1.15    229  0.992   0.04   0.01   0.15
----------------------------------------------------------------------------
PT12-62         Not Sampled                                                 
----------------------------------------------------------------------------
PT12-63           24.60  24.70       0.10    8.6   1.61   0.01  0.004    0.0
----------------------------------------------------------------------------
                  31.12  31.30       0.18   3.04   1.83   0.00   0.00   0.00
----------------------------------------------------------------------------
                  31.30  32.60       1.30  1,119   1.88   0.02   0.05   0.63
----------------------------------------------------------------------------
including         31.63  31.92       0.29  4,806   6.99   2.66   0.06   0.19
----------------------------------------------------------------------------
PT12-64           43.30  50.10       6.80    452   0.52   0.09   0.02   0.26
----------------------------------------------------------------------------
including         43.80  45.80       2.00    644   0.76   0.13   0.02   0.31
----------------------------------------------------------------------------
including         47.80  49.70       1.90    836   0.47   0.15   0.05   0.53
----------------------------------------------------------------------------
PT12-65           43.00  47.10       4.10    448   0.48   0.07   0.03   0.25
----------------------------------------------------------------------------
including         43.40  44.00       0.60  2,376   1.38   0.23   0.12   1.28
----------------------------------------------------------------------------
including         46.00  47.10       1.10    330   0.42   0.06   0.02   0.19
----------------------------------------------------------------------------
PT12-66         Not Sampled                                                 
----------------------------------------------------------------------------
PT12-67           42.70  47.20       4.50   48.7   0.48   0.10   0.00   0.03
----------------------------------------------------------------------------
PT12-68           42.00  53.00      11.00    123   0.54   0.52   0.01   0.10
----------------------------------------------------------------------------
including         42.30  46.00       3.70    304   0.71   1.34   0.02   0.27
----------------------------------------------------------------------------



(i)True widths have not been calculated and are therefore not known at this time

The mineralization is interpreted to be controlled by a north trending fault
intersecting one or more favourable carbonate-rich replacement horizons. Given
the carbonate-rich composition of the host Mt. Nelson stratigraphy,
identification of additional carbonate replacement horizons and/or lenses is
anticipated as a result of further exploration, particularly with respect to the
number of mineralized intercepts documented between 2009 - 2012.


Mineralization intersected in PT12-56 (1.89 g/t Ag and 0.14 g/t Au over 9.0 m)
and PT12-57 (0.91 g/t Ag and 0.07 g/t Au over 2.6 m) suggests potential for
identification of additional mineralization east of, and below, the Level 1
mineralized body.


In 2012 the Company completed a 45 hole diamond drilling program totaling 4,053
metres (2012 DDH Collar Location Chart -
http://www.silvermountainmines.com/maps.asp). Results are pending from the Upper
Ptarmigan, and the East Ptarmigan. A drill plan map and three cross sections
showing the locations for the reported drill holes are available on our website
at http://www.silvermountainmines.com/maps.asp.


QA-QC All samples were submitted to AGAT Laboratories ("AGAT") for analysis, an
independent certified laboratory and preparation facility which maintains an ISO
17025 accreditation by the Standards Council of Canada (SCC). All samples were
securely stored at the Ptarmigan Mine site or within sight of the Project
Manager and/or Supervising Geologist, at all times. Assay's were secured in rice
bags, delivered to AGAT Laboratory in Calgary, Alberta, from where they were
shipped to their Vancouver Laboratory for analysis.


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 9,200 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.


ON BEHALF OF THE BOARD

Steve Konopelky, President and CEO

Silver Mountain Mines (TSXV:SMM)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Silver Mountain Mines (TSXV:SMM)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024