Summa Silver Corp. provided an update from on-going drilling at the high-grade silver-gold Mogollon Project near Silver City, New Mexico. The focus of the ongoing, multi-rig drill program at the Mogollon Project is on testing for un-mined extensions of the Consolidated Mine, centered on the north-trending Queen Vein.

Hole MOG22-12 was drilled south of the Consolidated Mine and was designed to test for the up-dip extent of mineralization 100m above MOG22-10 (16.6m at 445 g/t silver equivalent; 207 g/t Ag, 3.0 g/t Au. The hole intersected the broadest zone of epithermal-related veining drilled to date. The zone consists of numerous intervals of colloform-banded quartz veins and quartz-cemented breccias increasing in frequency over 49m towards an 11m zone of poly-phase, quartz-rich hydrothermal breccias at 221m to the bottom of the zone at 232m.

At least 8 intervals of visible silver sulfide mineralization were intersected within the 60m intercept across the Queen Vein system. Holes MOG22-13 and -14 were drilled north of the Consolidated mine and were designed to step-out 75m and 150m respectively from MOG22-08 (17.8m at 339 g/t silver equivalent; 143 g/t Ag, 2.46 g/t Au. Hole MOG23-13 intersected at least five intervals of the Queen Vein system with visible silver sulfide mineralization.

Mineralized sections were first intersected at 318m down hole and were comprised of multiple zones of quartz ± calcite veining with colloform banding and quartz-cemented breccias grading to a strong 6m zone of poly-phase quartz-rich hydrothermal breccias at 340m down hole. Below this zone, the hole intersected quartz-cemented breccias to the bottom of Queen Vein at 353m down hole. Hole MOG23-14 represents the northernmost hole drilled on the Queen Vein by the Company.

The hole intersected at least 6 intervals of silver-sulfide bearing quartz ± calcite veins and vein-breccias with well- developed colloform banding with local amethyst infill from 268m down hole to 298m. The 35m zone of the Queen Vein system ended in quartz-cemented breccias in footwall to the vein. Hole MOG23-15 was designed to test for the extent of mineralization 70m down-dip from MOG22-04.

The hole intersected a broad interval of locally well-developed quartz-rich stockwork and breccia. Silver sulfides were not noted during logging. The ongoing drill program at the Mogollon Project consists of holes drilled on 50 to 100m centers across the north-south trending Queen Vein.

The holes are designed to systematically test the lateral and vertical continuity of mineralization north and south of the Consolidated Mine over a strike-length of approximately 500 meters and near-vertical, down-dip extent of over 350 meters beginning at approximately 130 meters below surface.