Dig Deep Strong Drill Results from Southwestern US Silver Projects with Galen McNamara
In the episode, we chat to Galen McNamara, CEO of Summa Silver Corp that is a TSX-listed explorer focusing on developing the Hughes Property in the prolific Tonopah district of Nevada. They have also commenced drilling at Mogollon, New Mexico
Galen is a geologist by trade and has over 15 years of experience in discovery and capital markets. Apart from heading up Summa Silver, he also sits on a few different boards. In this episode, he talks about both projects, the progress they have made and gives us an update on the current silver market.
KEY TAKEAWAYS
- Summa Silver is a new silver exploration company that focuses on the Southwestern US.
- They have two historic properties that have not been explored using modern technology.
- At the Tonopah, Nevada project they are getting grades above one thousand grammes per tonne on multiple targets.
- The best hole at Tonopah is 4408 grammes per tonne silver equivalent over 2.8 meters.
- They are about to start drilling at the New Mexico Mogollon project.
- Currently, between 60 and 70% of silver is used for industrial purposes. In the future, that percentage will rise sharply as demand from the electric car industry grows.
- Good silver assets are hard to find, so servicing that demand is going to be hard. Another reason prices are likely to rise.
- Despite doing a lot of drilling Summa Silver is still quite well-financed-
- The outlook for the silver market for 2022 is good. In the podcast, Galen explains why.
- Many junior silver miners are undervalued at the moment.
BEST MOMENTS
‘Historically, in precious metal bull markets, silver outperforms gold. ´
‘The demand for silver in a situation like that is gonna almost double from what it is today.’
‘We are not trying to reinvent the wheel.’
EPISODE RESOURCES
LinkedIn: https://ca.linkedin.com/in/galen-mcnamara-02a52911
Twitter: https://twitter.com/galenmcnamara?lang=en
Summa Silver Twitter: https://twitter.com/SummaSilver?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
LinkedIn Summa Silver: https://ca.linkedin.com/company/summa-silver-corp
VALUABLE RESOURCES
mailto:rob@mining-international.org
https://www.linkedin.com/in/rob-tyson-3a26a68/
http://www.mining-international.org
https://twitter.com/MiningConsult
https://www.facebook.com/MiningInternational.org
https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJg_Q?guided_help_flow=3
ABOUT THE HOST
Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first world to third world countries from Africa, Europe, Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.
CONTACT METHOD
rob@mining-international.org
https://www.linkedin.com/in/rob-tyson-3a26a68/
Podcast Description
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.