SILVER VALLEY METALS COMMENCES MULTI-KILOMETRE TRENCHING PROGRAM TO EXPOSE SIX

• Early success identifying vein structures at surface at the silver-rich Crown Point Mine and surrounding target area 
• First of six high priority targets project-wide to be exposed at surface
• Early success at Crown Point exposing vein structures at surface validating the first phase mineralization identification program from 2022 that included ground geophysics, surface geochemistry, structural mapping, underground database compilation, 3D modeling
• Final phase of exploratory work that is refining drill targeting and de-risking the inaugural drill campaign anticipated to commence later in 2023

VANCOUVER, BC, June 8, 2023 /PRNewswire/ – Silver Valley Metals Corp. (TSXV: SILV) (OTCQB: SVMFF) (“Silver Valley” or the “Company”) announces that the Company has commenced a multi-kilometer trenching program at its Ranger-Page Project located in the Silver Valley of north Idaho, USA.  The trenching and field program is designed to expose veins on surface at multiple areas.   By exposing vein structures in multiple areas on surface, the dip and trend of these structures will be clearly identified. 

A comprehensive geological model has been developed along with the integration of the highly anomalous results from the first modern exploration program in 2022 at Ranger-Page.  These results, combined with the field and trench program, will significantly assist the Company in targeting the vein structures near surface and at depth for the upcoming drilling campaign scheduled later this year. 

Work that has just been initiated at the Company’s first high-priority target, the Crown Point Mine and surrounding area has already revealed significant vein structures being identified on surface in multiple locations (see Figure 1).  These new discoveries which were found in quick order validates the comprehensive exploration program from 2022.  Results at these new surface discoveries will be reported after assay data is received and compiled.

A video depicting a 3D view of the Crown Point exploration anomaly can be viewed here: https://www.youtube.com/watch?v=0FwaLUxMLTA

CEO, Mr. Brandon Rook, commented, “We are extremely pleased to have identified the first surface expression of the Crown Point vein structure as it validates the team’s conclusions from the first phase of exploration.  By understanding the location of the vein structures on surface in multiple locations, we are better able to situate the drill platforms for the upcoming drilling program. 

This exciting development is consistent with the IP and Resistivity geophysics, surface geochemistry analysis, and field work of 2022 which confirms what we were anticipating at this stage – to identify vein structures on surface associated with the historic Crown Point mine and, more importantly, laterally away from the small underground footprint of workings before we drill test for mineralization at depth.“

The Company plans to trench other high priority targets that are located parallel to Crown Point, working southward to the other high priority targets:  first, East Curlew then to Ranger-Wyoming followed by Buckeye, then to Spring and lastly, the upper Blackhawk (see Figure 1).

The historic Crown Point mine operated between 1886 and 1940, producing silver and lead only.  Zinc was never recovered due to the lack of technology to recover zinc at that time.  The Company expects a component of zinc to be present when the Crown Point is drilled.  Silver produced from the Crown Point mine represented the highest grades of any of the historic mines on the Ranger-Page project.

The Crown Point target is located 1,000 metres northwest from the Bunker Hill mine, one of America’s largest underground mines, and located 650 metres due east from the past producing Blackhawk Mine (owned by Silver Valley Metals Corp.) which remains open at depth below 365 metres. The Crown Point Mine is located 1,650 metres east from the Company’s top ten historical producer in the District, the Page Mine.  The Page Mine has exploration drilling with compelling intercepts that extend mineralization beyond high-grade historical reserves located at the bottom of the mine.

Qualified person:

Timothy Mosey, BSc, MSc, SME, is the qualified person for the company and qualified person as defined by National Instrument 43-101. Mr. Mosey supervised the preparation of the technical information in this news release.

About Silver Valley Metals Corp.:

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