Summa Silver developing Eastern Half of Tonopah. Two Remarkable American Silver Discoveries
Silver Academy Update
Last Tuesday 10/18/23 we reported:
Blackrock Silver Updated Their Mineral Resource Estimate for the Tonopah West Project
Totaling 100.04 million silver equivalent ounces at an average grade of 508.5 g/t.
A 135% increase over the maiden resource estimate for Tonopah West
This resource proves that the Tonopah mining district still has the potential to host one of the most valuable American silver assets.
The News Gets Even Better for Summa Silver Investors.
Here are the facts.
Blackrock Silver is developing mineral resources in the western half of the historic Tonopah district.
Summa Silver is developing mineral resources in the eastern half.
The resource estimate for Blackrock is promising. As of last week’s report, BlackRock Silver is among the only American junior mining companies with this grade and scale of a resource.
To profit as a silver investor, understanding the layout of the Tonopah mining district is paramount.
As a Silver investor, the critical piece to understand is how Tonopah is divided into Western and Eastern districts.
We were pleased to report on Blackrock's terrific updates last week, but this story is developing before our eyes. Now is the time to get positioned with Blackrock Silver, but it is our fervent belief as shrewd investors that Summa Silver possesses a truly unique investment opportunity.
Why Summa Silver and Why Now?
As we uncover why, we must first explore Tonopah’s rich history.
A fault zone separates two different types of rock formations.
In the heart of the district lies the Belmont Mine which was the most productive area in all of Tonopah. However, the vein system continued to the east (where Summa’s property is) and ran into a fault zone and the old miners never had the necessary technology to find the veins on the other side.
In present day, Summa has a top tier management team with a wide array of modern tools at their disposal to make new discoveries in the shadows of old mines. I recommend looking at Summa’s press release from August 2nd, 2023
In summary, Summa has made a compelling argument that they have discovered these long-lost veins. Making these discoveries is the key to unlocking shareholder value.
CEO of Summa, Galen McNamara, stated
“The new discoveries across the eastern extension of the Tonopah mining district are a testament to our systematic and methodical approach to exploration. From the beginning we have strongly believed the productive veins of Tonopah continued to the east under cover. Results from our exploration drilling to-date so far support that hypothesis and confirm the significant big picture prospectivity of the Hughes Project. The Company continues to be well financed and remains in the strong position of having two American high-grade, district-scale silver projects, both of which continuously show strong zones of mineralization hole after hole.”
This Tonopah story is just getting started.
Tonopah District (East and West) with the highest-grade and largest undeveloped silver project globally, making this the biggest silver news story I’ve reported over the past three years.
Simultaneously, we are chasing a developing story on why US jurisdiction is becoming critical to national energy and security.
For a sneak look into a report next week, (take a look at the graphic and links below)
We will prove that future military and industrial uses of silver could necessitate changes in energy policy intended to chip away incrementally from the current over-dependence on silver imports (though perhaps not realistic anytime soon given the massive silver deficits at this time)
Why Summa Silver, Why now?
top pick across 6 key performance metrics
Pickaxe Projections // What are the Key Performance Metrics?
assessed across six key categories
Macro Economics (e.g., market price of silver and gold)
Jurisdiction Tier 1, Nevada, Eastern half of Tonopah. Tonopah as of last week hosts the Highest -Grade and Largest undeveloped Silver Project Globally)
Viability
Financials
Engineering/metallurgy
Geology
⛏️ Pixy Pick (top mining equity play October, buy and hold)
⛏️ Pixy Projects (Tonopah hosts The Highest - Grade and Largest undeveloped Silver Project on Planet Earth)
⛏️ Pixy Predicts (ounces in the ground, high grade in prolific district and tier1 Jurisdiction, Nevada is OPEN FOR BUSINESS)
We have combed through hundreds of drill results, financials, and investor decks, and we subscribe to over 300 mailing lists, so our due diligence is top-notch.
Her top pick is best positioned for an astounding mining equity leverage play because this Jr. silver mining company is developing the most promising mining district (i.e. most prolific silver mining district in the USA)
Eastern Half of The Highest - Grade Large undeveloped Silver Project on Planet Earth
More Silver News Continues Below
Last week we reported on How the Dept. of Energy, Dept. of Interior, Department of Defense and USGS hid the amount of silver use by the military.
That article, for your reference, is located here.
Here is another use of Silver that has never been subtracted (from inventory silver use accounting records.)
Tons of Silver went into hundreds of batteries made for submarines starting with the USS Albacore submarine
The initial interest created in the 1950s by the newly developed Ag–Zn system in the field of torpedo propulsion and submersibles expanded to a variety of applications.
The interest was worldwide, but most of the development work took place in the United States and in the former Soviet Union, where it was shrouded by secrecy. Other countries involved include France, Germany, the UK, and Sweden, and later, Japan.
The torpedo applications included primary and secondary batteries for the Mk 32, 37, 43 Mod 1 and 2, 44, and 45 torpedoes and the Mk 30, Mod 1, and Mod 2 torpedo targets, used by the US Navy, some of which are still in use. Even today, silver–zinc batteries are the preferred choice for several non-US Navy torpedoes, such as the SST4 (Peru, Greece), the Mk 24 Tigerfish (Turkey, Brazil), the DM2A3 and DM2A4 (Norway, Turkey, Israel), and the Black Shark secondary battery (Chile, Portugal, Spain, Greece), to name a few.
Note: Some of the above batteries may have been used, or considered for use by countries other than those mentioned above.
In the ensuing years even larger silver–zinc batteries were integrated into submarines. The first was the Barracuda, which had 165 cells rated at 1600 Ah. As mentioned above, the largest was probably the battery used as the main power source for the USS Albacore (G5) submarine, a two-section battery, each containing 280 cells rated at 20 000 Ah, capable of delivering 100 cycles over a 2-year wet life. Each cell was roughly the size of a standard four-drawer filing cabinet and contained 80 kilograms of silver per battery.
With the number of submarines in the Navy’s fleet it is estimated that over 100 tonnes of silver have been used. This does not count the other militaries in the World.
Disclaimer / Disclosure
Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment objectives vary, this Summary should not be construed as advice to meet the particular needs of the reader. Any opinions expressed herein are statements of our judgment as of this date and are subject to change without notice. Any action taken as a result of reading this independent market research is solely the responsibility of the reader.
The Pickaxe & MineralWEALTH is not and does not profess to be a professional investment advisor, and strongly encourages all readers to consult with their own personal financial advisors, attorneys, and accountants before making any investment decision. The pickaxe & MineralWEALTH and/or independent consultants or members of their families may have a position in the securities mentioned. Mr. Little does consult on a paid basis both with private investors and various companies. Investing and speculation are inherently risky and should not be undertaken without professional advice. By your act of reading this independent market research letter, you fully and explicitly agree that The Pickaxe & MineralWEALTH will not be held liable or responsible for any decisions you make regarding any information discussed herein.