Home
Uncategorized

Southern Silver Intersects High-grade Massive Sulphides in Final Drill Hole at Cerro Las Minitas

 

 

 

 

 

 

Southern Silver Exploration Corp. (TSX-V: SSV) reported today that it has intersected high-grade massive sulphides in the final hole of the 2017 exploration program at the Cerro Las Minitas project. The massive sulphide intercepts were contained within a broader mineralized zone in drill hole 17CLM-106 that supports continuity within the newly defined Skarn Front.

 

 

Highlight intercepts from drill hole 17CLM-106 include:

 

  • a 2.5m down hole interval (2.1m est. True Thickness) averaging 88g/t Ag, 0.2% Pb and 10.3% Zn (465/t AgEq; 13.1% ZnEq including a higher grade 0.8m interval (0.7m est. TT) averaging 181g/t Ag, 0.4% Pb and 21.9% Zn (988g/t AgEq; 27.9% ZnEq); and
  • a 1.8m down hole interval (1.5m est. TT) averaging 30g/t Ag, 0.1% Cu, and 20.7% Zn (782g/t AgEq; 22.1% ZnEq);

 

 

Drill hole 17CLM-106 continues the identification of mineralized intercepts into the newly defined Skarn Front which forms a large anomalous zone, approximately 800m x 600m, located at depth beneath the Blind and El Sol zones. The drill hole tested an area of the Skarn Front extending approximately 400m between the previously reported intercepts in drill holes 17CLM-095 (8.0 metres est. TT of 602g/t Ag, 7.1% Pb and 17.9% Zn; 1488g/t AgEq or 42% ZnEq – see NR-06-17) and 17CLM-098 (8.7 metres est. TT of 288g/t Ag, 2.0% Cu 0.8%Pb and 1.2% Zn; 575g/t AgEq or 16.2% ZnEq). Hole 17CLM-106 increases the continuity of the mineralization between these holes and opens up further exploration potential.

 

 

Southern Silver is in the process of reviewing, modelling and compiling the 2017 drill results toward an updated Mineral Resource Estimate for the Cerro Las Minitas Project due in the coming weeks.

 

 

Table 1: Significant Mineralized Intercepts from 17CLM-106

 

 

 

Hole # From
(m)
To
(m)
Interval
(m)
Est. TT
(m)
Ag
(g/t)
Au
(g/t)
Cu
(%)
Pb
(%)
Zn
(%)
AgEq
(g/t)
ZnEq
(%)
17CLM-106 889.3 891.7 2.5 2.1      88    0.0    0.0    0.2 10.3 465 13.1
17CLM-106 921.3 930.4 9.1 7.7      22    0.0    0.0    0.0 3.6 153 4.3
inc. 926.2 930.4 4.2 3.5      30    0.0    0.0    0.1 5.8 238 6.7
17CLM-106 941.6 943.4 1.8 1.5      30    0.1    0.1    0.0 20.7 782 22.1

 

 

Figure 1: Outline of the Skarn Front, Blind and El Sol zones, Cerro Las Minitas project

 

 

Summary of Results – 2017 Exploration Program

 

 

Exploration on the Cerro Las Minitas project in 2017 was successful in both the systematic expansion of the existing Mineral Resource and the development of additional exploration targets in the adjacent licenses controlled by the company. Highlights from the 2017 Exploration Program include the:

 

  • Reinterpretation of the geological model during the 2017 drilling program leading to the modelling of the Skarn Front mineralization that will be accretive to the existing Mineral Resources on the Cerro Las Minitas project;
  • Resolution of a geological model/concept that appears to explain both primary and secondary controls on the distribution of mineralization in the new deposit that will be useful in further delineation and expansion of higher grade mineralization;
  • Identification of two new target areas for offset drill testing in 2018; and
  • Identification of new precious-metal targets in “greenfields” exploration on newly acquired and contiguous claims located 10km to the southwest of the known resource in the area of the Cerro.

 

 

Drilling in 2017 by Southern Silver completed 18 core holes totaling 13,600 metres and successfully outlined the Skarn Front as a zone of mineralization, located at depth beneath the Blind and El Sol Zones. Mineralization occurs on the outer edge of the skarn alteration zone surrounding the Central Monzonite Intrusion at or near the transition into marble and forms the primary geological control on the distribution of sulphide mineralization. Geological modelling suggests that intersections between the sub-vertical, northwest-trending Blind and El Sol mineralized zones and the generally more shallowly dipping Skarn Front may localize higher-grade shoots of mineralization which may be in part responsible for higher grade intervals identified in some of the 2017 drilling (eg: 17CLM-095 – 8.0 metres est. TT of 602g/t Ag, 7.1% Pb and 17.9% Zn).

 

 

Exploration in 2017 has identified two new step-out targets for drill testing in 2018. Mineralization in the Skarn Front is open for approximately 500 metres along strike to the southeast of drill holes 17CLM-101 and -105 in what is now termed the Las Victorias zone (see NR-14-17 dated September 06, 2017) and up to 600 metres along strike to the northeast, where the zone wraps around the northern margin of the Central Intrusion, in the North Skarn zone (see NR-06-17; June 12, 2017).

 

 

Southern Silver is very encouraged by the success to the 2017 drilling program and its potential to positively impact the existing Mineral Resource Estimate. Further exploration is required to determine the full development potential of the property. The newly identified Las Victorias and North Skarn Target areas, as lateral extensions of the Skarn Front, highlight the continued growth potential of the project through step-out drilling and systematic resource expansion.

 

 

Figure 2: Plan Map showing the distribution of Drill Holes at Cerro Las Minitas for the 2017 core drilling program

 

 

Greenfields Exploration

 

 

Southern Silver also reported on its surface float sampling program for the newly staked Creston del Oro, Biznagas and Los Lenchos claims located contiguous to the larger Cerro Las Minitas property.

 

 

Surface exploration is targeting high-grade epithermal silver-gold quartz vein systems within Tertiary volcanic stratigraphy which are found in a geologically similar environment to the veins at the Avino Mine located approximately 10 km to the NW of the northern claim boundary and at Hecla’s San Sebastian mine located approximately 40kmto the east of the target area.

 

 

Sampling has been conducted throughout the three claims over the last several months with collected samples of mostly quartz and rhyolite float. Mapping in areas of exposure in the northern parts of the claims have identified multiple quartz veins and silicified zones up to 15m thick.

 

 

Over 1400 rock chip and float samples have been collected to date and reveal a +12km long northwest-southeast-trending corridor of anomalous precious-metal and pathfinder values that display a distinct zoning pattern consistent with modelled vertical and lateral zonation within a large epithermal vein system. Multiple distinct clusters and trends are seen in the metal distribution which will form the basis for targeting for an RC drill program in 2018.

 

 

Work on the Cerro Las Minitas project through Autumn 2017 will include an independent update of the 2016 Mineral Resource Estimate, additional metallurgical studies and further advancement and development of the exploration targets on the Creston del Oro, Biznagas and Los Lenchos claims.

 

 

Figure 3: Plan Map showing the distribution of Surface sampling on the Creston del Oro, Biznagas and Los Lenchos claims

 

 

Cerro Las Minitas Project

 

 

Recent exploration on the company’s flagship Cerro Las Minitas property, Durango Mexico has been funded by Electrum Global Holdings L.P. (“Electrum”), which has now earned a 60% indirect interest in the project through a US$5.0M earn-in on the property, with Southern Silver acting as operator.

 

 

The Cerro Las Minitas project as of March 21st, 2016 contains an estimated Inferred Resource of 17.5Mozs silver and 237Mlbs of lead and 626Mlbs zinc (77.3Mozs AgEq) and an estimated Indicated Resource of 10.8Mozs silver, 189Mlbs lead and 207Mlbs zinc (36.5Mozs AgEq).(1)

 

 

A total of 108 drill holes for 49,600 metres have now been completed on the Cerro Las Minitas project with exploration expenditures of approximately US$15.1 million with an exploration cost of $0.13 per AgEq ounce (as of December 2016).

 

 

Table 2: Select Composites from 2016-17 Drilling on the Skarn Front Zone, Cerro Las Minitas Project

 

 

 

Hole # From To Interval Est. TT Ag Au Cu Pb Zn AgEq ZnEq
  (m) (m) (m) (m) (g/t) (g/t) (%) (%) (%) (g/t) (%)
Skarn Front Zone
16CLM-091 662.8 677.9 15.1 14.8 39 0.0 0.0 0.1 10.2 411 11.6
inc. 667.5 672.3 4.8 4.7 39 0.0 0.1 0.1 23.2 877 24.8
17CLM-094 788.8 802.9 14.1 9.9 49 0.0 0.0 0.3 3.6 186 5.3
inc. 794.2 798.6 4.4 3.1 92 0.0 0.0 0.4 7.1 361 10.2
17CLM-095 575.5 579.3 3.8 2.9 27 0.0 0.0 0.5 3.0 155 4.4
inc. 575.5 576.1 0.6 0.5 115 0.0 0.0 3.0 7.4 479 13.5
17CLM-095 691.3 700.3 9.0 8.0 602 0.1 0.0 7.1 17.9 1488 42.0
inc. 693.0 700.3 7.3 6.5 737 0.0 0.1 8.6 21.8 1814 51.2
17CLM-096 969.8 978.5 8.7 5.7 23 0.0 0.3 0.1 0.8 87 2.4
inc. 969.8 971.1 1.3 0.8 58 0.0 0.2 0.4 3.4 211 5.9
17CLM-097 1080.6 1082.6 2.0 1.2 131 0.1 0.0 0.3 4.5 308 8.7
inc. 1080.6 1082.1 1.5 0.9 158 0.1 0.0 0.3 5.0 352 9.9
17CLM-098 1086.0 1139.8 53.8 32.3 105 0.0 0.9 0.3 0.4 230 6.5
inc. 1086.5 1101.0 14.5 8.7 288 0.0 2.0 0.8 1.2 575 16.2
inc. 1092.6 1096.7 4.1 2.5 686 0.1 3.7 1.0 1.7 1171 33.1
17CLM-099 731.15 734.50 3.35 2.50 55.4 0.01 0.02 1.7 0.7 140.5 4.0
17CLM-100 723.10 724.70 1.60 0.77 3.5 0.00 0.01 0.0 2.4 90.2 2.5
  727.65 728.95 1.30 0.62 1.8 0.00 0.01 0.0 2.5 92.5 2.6
17CLM-101 229.9 247.4 17.6 12.5 154 2.0 0.2 3.2 3.9 558 15.7
inc. 229.9 232.9 3.0 2.1 269 0.9 0.8 4.7 5.6 769 21.7
and inc. 235.4 241.0 5.7 4.0 261 4.0 0.2 6.0 6.9 999 28.2
17CLM-101 452.5 462.6 10.1 9.2 220 0.0 0.3 3.6 5.4 574 16.2
inc. 456.9 459.2 2.3 2.1 373 0.1 0.9 7.4 10.3 1089 30.7
17CLM-102 NSV NSV NSV NSV NSV NSV NSV NSV NSV NSV NSV
17CLM-103 859.3 864.4 5.2 3.3 27.4 0.0 0.0 0.4 2.6 134 3.8
inc. 859.3 860.2 1.0 0.6 126.0 0.0 0.0 1.7 8.2 480 13.6
17CLM-104 NSV NSV NSV NSV NSV NSV NSV NSV NSV NSV NSV
17CLM-105 356.9 367.8 10.9 6.8 194 0.8 0.1 4.4 2.0 480 13.6
inc. 356.9 360.1 3.3 2.0 551 0.8 0.2 11.9 4.7 1208 34.1
and inc. 358.2 359.1 0.9 0.6 1100 1.5 0.4 23.2 5.9 2244 63.4
17CLM-105 507.6 520.9 13.3 13.0 105 0.1 0.1 0.5 0.4 153 4.3
inc. 510.6 513.2 2.5 2.5 318 0.1 0.4 1.4 0.8 444 12.5
17CLM-105 525.9 534.7 8.9 8.7 69 0.1 0.3 0.3 1.1 152 4.3
inc. 529.8 530.5 0.8 0.7 195 0.0 1.1 0.8 4.4 498 14.1
17CLM-105 557.9 558.5 0.6 0.5 56 0.2 2.5 0.0 0.0 337 9.5
17CLM-106 889.25 891.70 2.45 2.06 87.7 0.03 0.04 0.2 10.3 465 13.1
17CLM-106 921.25 930.40 9.15 7.69 22.0 0.00 0.00 0.0 3.6 153 4.3
and inc. 926.20 930.40 4.20 3.53 29.7 0.01 0.00 0.1 5.8 238 6.7
17CLM-106 941.60 943.40 1.80 1.51 30.0 0.10 0.11 0.0 20.7 782 22.1

 

 

 

Analyzed by FA/AA for gold and ICP-AES by ALS Laboratories, North Vancouver, BC. Silver (>100ppm), copper, lead and zinc (>1%) overlimits assayed by ore grade ICP analysis, High silver overlimits (>1500g/t Ag) and gold overlimits (>10g/t Au) re-assayed with FA-Grav. High Pb (>20%) and Zn (>30%) overlimits assayed by titration. AgEq and ZnEq were calculated using average metal prices of: US$18.2/oz silver, US$1240/oz gold, US$2.8/lbs copper and US$0.91/lbs lead and US$0.94/lbs zinc. AgEq and ZnEq calculations did not account for relative metallurgical recoveries of the metals. Ore-grade composites calculated using a 80g/t AgEq cut-off and <20% internal dilution, except where noted; anomalous intercepts calculated using a 10g/t AgEq cut-off.

 

 

About Southern Silver Exploration Corp.

 

 

Southern Silver Exploration Corp. is a precious metal exploration and development company with a focus on the discovery of world-class mineral deposits in north-central Mexico and the southern USA. Our specific emphasis is the Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico’s Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, San Martin, Naica and Pitarrilla. We have assembled a team of highly experienced technical, operational and transactional professionals to support our exploration efforts in developing, along with our partner, Electrum Global Holdings LP, the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine.

 

 

The Company engages in the acquisition, exploration and development either directly or through joint-venture relationships in mineral properties in major jurisdictions. Our property portfolio also includes the Oro porphyry copper-gold project located in southern New Mexico, USA. The Oro property consists of patented land, State leases and BLM located mineral claims which cover a highly prospective quartz-sericite-pyrite alteration zone, interpreted to overlie an unexposed porphyry center and distal sediment-hosted, oxide-gold target.

 

____________________

  1. The 2016 Cerro Las Minitas Resource Estimate was prepared following CIM definitions for classification of Mineral Resources. Resources are constrained using mainly geological constraints and approximate 10g/t AgEq grade shells. The block models are comprised of an array of blocks measuring 10m x 2m x 10m, with grades for Au, Ag, Cu, Pb, Zn and AgEq values interpolated using ID2 weighting. The models identified at a 150g/t AgEq cut-off, an indicated resource of 3,724,000 tonnes averaging 90g/t Ag, 0.05g/t Au, 2.3% Pb, 2.5% Zn and 0.09% Cu and a cumulative inferred resource of 6,611,000 tonnes averaging 82g/t Ag, 0.17g/t Au, 1.6% Pb, 4.3% Zn and 0.2% Cu. Mineral Resource cut-offs are estimated using an average long-term price of $15/oz silver, $1,100/oz gold, $2.75/lb Cu, $0.90/lb lead and $0.90/lb zinc and metal recoveries of 82% silver, 86% lead and 80% zinc. AgEq calculations did not account for relative metallurgical recoveries of the metals. All prices are stated in $USD. Mineral Resources are conceptual in nature and as such do not have demonstrated economic viability.The current Resource Estimate was prepared by Garth Kirkham, P.Geo. of Kirkham Geosciences Ltd. who is the Independent Qualified Person responsible for presentation and review of the Mineral Resource Estimate.

 

 

Robert Macdonald, MSc. P.Geo, is a Qualified Person as defined by National Instrument 43-101 and responsible for the supervision of the exploration on the Cerro Las Minitas Project and for the preparation of the technical information in this disclosure.

 

Posted November 6, 2017

MORE or "UNCATEGORIZED"


The Week of November 13th to November 19th, 2017 “A brief Look Back Into Tomorrow”

The new North American trading week began on Monday, November 13t... READ MORE

November 20, 2017

ORENINC INDEX falls as brokered deals dry up

ORENINC INDEX – Monday, November 20th, 2017 North America... READ MORE

November 20, 2017

This Week on The CSE - Short Week Of November 12 - 17

As my week began with a crossing of the iconic Lions Gate ... READ MORE

November 20, 2017

Pistol Bay Creates Blockchain Subsidiary, PB Blockchain Inc.

Pistol Bay Mining Inc. (TSX-V:PST) (Frankfurt :OQS2) is pl... READ MORE

November 20, 2017

Stroud Resources Announces 71% Increase in Measured and Indicated Resources at Santo Domingo, Mexico

Stroud Resources Ltd. (TSX-V:SDR) has filed an updated, independe... READ MORE

November 20, 2017

Copyright 2017 The Prospector News - Site design by Spyderbaby Productions

Southern Silver Intersects High-grade Massive Sulphides in Final Drill Hole at Cerro Las Minitas | Prospector News
Uncategorized

Southern Silver Intersects High-grade Massive Sulphides in Final Drill Hole at Cerro Las Minitas

 

 

 

 

 

 

Southern Silver Exploration Corp. (TSX-V: SSV) reported today that it has intersected high-grade massive sulphides in the final hole of the 2017 exploration program at the Cerro Las Minitas project. The massive sulphide intercepts were contained within a broader mineralized zone in drill hole 17CLM-106 that supports continuity within the newly defined Skarn Front.

 

 

Highlight intercepts from drill hole 17CLM-106 include:

 

  • a 2.5m down hole interval (2.1m est. True Thickness) averaging 88g/t Ag, 0.2% Pb and 10.3% Zn (465/t AgEq; 13.1% ZnEq including a higher grade 0.8m interval (0.7m est. TT) averaging 181g/t Ag, 0.4% Pb and 21.9% Zn (988g/t AgEq; 27.9% ZnEq); and
  • a 1.8m down hole interval (1.5m est. TT) averaging 30g/t Ag, 0.1% Cu, and 20.7% Zn (782g/t AgEq; 22.1% ZnEq);

 

 

Drill hole 17CLM-106 continues the identification of mineralized intercepts into the newly defined Skarn Front which forms a large anomalous zone, approximately 800m x 600m, located at depth beneath the Blind and El Sol zones. The drill hole tested an area of the Skarn Front extending approximately 400m between the previously reported intercepts in drill holes 17CLM-095 (8.0 metres est. TT of 602g/t Ag, 7.1% Pb and 17.9% Zn; 1488g/t AgEq or 42% ZnEq – see NR-06-17) and 17CLM-098 (8.7 metres est. TT of 288g/t Ag, 2.0% Cu 0.8%Pb and 1.2% Zn; 575g/t AgEq or 16.2% ZnEq). Hole 17CLM-106 increases the continuity of the mineralization between these holes and opens up further exploration potential.

 

 

Southern Silver is in the process of reviewing, modelling and compiling the 2017 drill results toward an updated Mineral Resource Estimate for the Cerro Las Minitas Project due in the coming weeks.

 

 

Table 1: Significant Mineralized Intercepts from 17CLM-106

 

 

 

Hole # From
(m)
To
(m)
Interval
(m)
Est. TT
(m)
Ag
(g/t)
Au
(g/t)
Cu
(%)
Pb
(%)
Zn
(%)
AgEq
(g/t)
ZnEq
(%)
17CLM-106 889.3 891.7 2.5 2.1      88    0.0    0.0    0.2 10.3 465 13.1
17CLM-106 921.3 930.4 9.1 7.7      22    0.0    0.0    0.0 3.6 153 4.3
inc. 926.2 930.4 4.2 3.5      30    0.0    0.0    0.1 5.8 238 6.7
17CLM-106 941.6 943.4 1.8 1.5      30    0.1    0.1    0.0 20.7 782 22.1

 

 

Figure 1: Outline of the Skarn Front, Blind and El Sol zones, Cerro Las Minitas project

 

 

Summary of Results – 2017 Exploration Program

 

 

Exploration on the Cerro Las Minitas project in 2017 was successful in both the systematic expansion of the existing Mineral Resource and the development of additional exploration targets in the adjacent licenses controlled by the company. Highlights from the 2017 Exploration Program include the:

 

  • Reinterpretation of the geological model during the 2017 drilling program leading to the modelling of the Skarn Front mineralization that will be accretive to the existing Mineral Resources on the Cerro Las Minitas project;
  • Resolution of a geological model/concept that appears to explain both primary and secondary controls on the distribution of mineralization in the new deposit that will be useful in further delineation and expansion of higher grade mineralization;
  • Identification of two new target areas for offset drill testing in 2018; and
  • Identification of new precious-metal targets in “greenfields” exploration on newly acquired and contiguous claims located 10km to the southwest of the known resource in the area of the Cerro.

 

 

Drilling in 2017 by Southern Silver completed 18 core holes totaling 13,600 metres and successfully outlined the Skarn Front as a zone of mineralization, located at depth beneath the Blind and El Sol Zones. Mineralization occurs on the outer edge of the skarn alteration zone surrounding the Central Monzonite Intrusion at or near the transition into marble and forms the primary geological control on the distribution of sulphide mineralization. Geological modelling suggests that intersections between the sub-vertical, northwest-trending Blind and El Sol mineralized zones and the generally more shallowly dipping Skarn Front may localize higher-grade shoots of mineralization which may be in part responsible for higher grade intervals identified in some of the 2017 drilling (eg: 17CLM-095 – 8.0 metres est. TT of 602g/t Ag, 7.1% Pb and 17.9% Zn).

 

 

Exploration in 2017 has identified two new step-out targets for drill testing in 2018. Mineralization in the Skarn Front is open for approximately 500 metres along strike to the southeast of drill holes 17CLM-101 and -105 in what is now termed the Las Victorias zone (see NR-14-17 dated September 06, 2017) and up to 600 metres along strike to the northeast, where the zone wraps around the northern margin of the Central Intrusion, in the North Skarn zone (see NR-06-17; June 12, 2017).

 

 

Southern Silver is very encouraged by the success to the 2017 drilling program and its potential to positively impact the existing Mineral Resource Estimate. Further exploration is required to determine the full development potential of the property. The newly identified Las Victorias and North Skarn Target areas, as lateral extensions of the Skarn Front, highlight the continued growth potential of the project through step-out drilling and systematic resource expansion.

 

 

Figure 2: Plan Map showing the distribution of Drill Holes at Cerro Las Minitas for the 2017 core drilling program

 

 

Greenfields Exploration

 

 

Southern Silver also reported on its surface float sampling program for the newly staked Creston del Oro, Biznagas and Los Lenchos claims located contiguous to the larger Cerro Las Minitas property.

 

 

Surface exploration is targeting high-grade epithermal silver-gold quartz vein systems within Tertiary volcanic stratigraphy which are found in a geologically similar environment to the veins at the Avino Mine located approximately 10 km to the NW of the northern claim boundary and at Hecla’s San Sebastian mine located approximately 40kmto the east of the target area.

 

 

Sampling has been conducted throughout the three claims over the last several months with collected samples of mostly quartz and rhyolite float. Mapping in areas of exposure in the northern parts of the claims have identified multiple quartz veins and silicified zones up to 15m thick.

 

 

Over 1400 rock chip and float samples have been collected to date and reveal a +12km long northwest-southeast-trending corridor of anomalous precious-metal and pathfinder values that display a distinct zoning pattern consistent with modelled vertical and lateral zonation within a large epithermal vein system. Multiple distinct clusters and trends are seen in the metal distribution which will form the basis for targeting for an RC drill program in 2018.

 

 

Work on the Cerro Las Minitas project through Autumn 2017 will include an independent update of the 2016 Mineral Resource Estimate, additional metallurgical studies and further advancement and development of the exploration targets on the Creston del Oro, Biznagas and Los Lenchos claims.

 

 

Figure 3: Plan Map showing the distribution of Surface sampling on the Creston del Oro, Biznagas and Los Lenchos claims

 

 

Cerro Las Minitas Project

 

 

Recent exploration on the company’s flagship Cerro Las Minitas property, Durango Mexico has been funded by Electrum Global Holdings L.P. (“Electrum”), which has now earned a 60% indirect interest in the project through a US$5.0M earn-in on the property, with Southern Silver acting as operator.

 

 

The Cerro Las Minitas project as of March 21st, 2016 contains an estimated Inferred Resource of 17.5Mozs silver and 237Mlbs of lead and 626Mlbs zinc (77.3Mozs AgEq) and an estimated Indicated Resource of 10.8Mozs silver, 189Mlbs lead and 207Mlbs zinc (36.5Mozs AgEq).(1)

 

 

A total of 108 drill holes for 49,600 metres have now been completed on the Cerro Las Minitas project with exploration expenditures of approximately US$15.1 million with an exploration cost of $0.13 per AgEq ounce (as of December 2016).

 

 

Table 2: Select Composites from 2016-17 Drilling on the Skarn Front Zone, Cerro Las Minitas Project

 

 

 

Hole # From To Interval Est. TT Ag Au Cu Pb Zn AgEq ZnEq
  (m) (m) (m) (m) (g/t) (g/t) (%) (%) (%) (g/t) (%)
Skarn Front Zone
16CLM-091 662.8 677.9 15.1 14.8 39 0.0 0.0 0.1 10.2 411 11.6
inc. 667.5 672.3 4.8 4.7 39 0.0 0.1 0.1 23.2 877 24.8
17CLM-094 788.8 802.9 14.1 9.9 49 0.0 0.0 0.3 3.6 186 5.3
inc. 794.2 798.6 4.4 3.1 92 0.0 0.0 0.4 7.1 361 10.2
17CLM-095 575.5 579.3 3.8 2.9 27 0.0 0.0 0.5 3.0 155 4.4
inc. 575.5 576.1 0.6 0.5 115 0.0 0.0 3.0 7.4 479 13.5
17CLM-095 691.3 700.3 9.0 8.0 602 0.1 0.0 7.1 17.9 1488 42.0
inc. 693.0 700.3 7.3 6.5 737 0.0 0.1 8.6 21.8 1814 51.2
17CLM-096 969.8 978.5 8.7 5.7 23 0.0 0.3 0.1 0.8 87 2.4
inc. 969.8 971.1 1.3 0.8 58 0.0 0.2 0.4 3.4 211 5.9
17CLM-097 1080.6 1082.6 2.0 1.2 131 0.1 0.0 0.3 4.5 308 8.7
inc. 1080.6 1082.1 1.5 0.9 158 0.1 0.0 0.3 5.0 352 9.9
17CLM-098 1086.0 1139.8 53.8 32.3 105 0.0 0.9 0.3 0.4 230 6.5
inc. 1086.5 1101.0 14.5 8.7 288 0.0 2.0 0.8 1.2 575 16.2
inc. 1092.6 1096.7 4.1 2.5 686 0.1 3.7 1.0 1.7 1171 33.1
17CLM-099 731.15 734.50 3.35 2.50 55.4 0.01 0.02 1.7 0.7 140.5 4.0
17CLM-100 723.10 724.70 1.60 0.77 3.5 0.00 0.01 0.0 2.4 90.2 2.5
  727.65 728.95 1.30 0.62 1.8 0.00 0.01 0.0 2.5 92.5 2.6
17CLM-101 229.9 247.4 17.6 12.5 154 2.0 0.2 3.2 3.9 558 15.7
inc. 229.9 232.9 3.0 2.1 269 0.9 0.8 4.7 5.6 769 21.7
and inc. 235.4 241.0 5.7 4.0 261 4.0 0.2 6.0 6.9 999 28.2
17CLM-101 452.5 462.6 10.1 9.2 220 0.0 0.3 3.6 5.4 574 16.2
inc. 456.9 459.2 2.3 2.1 373 0.1 0.9 7.4 10.3 1089 30.7
17CLM-102 NSV NSV NSV NSV NSV NSV NSV NSV NSV NSV NSV
17CLM-103 859.3 864.4 5.2 3.3 27.4 0.0 0.0 0.4 2.6 134 3.8
inc. 859.3 860.2 1.0 0.6 126.0 0.0 0.0 1.7 8.2 480 13.6
17CLM-104 NSV NSV NSV NSV NSV NSV NSV NSV NSV NSV NSV
17CLM-105 356.9 367.8 10.9 6.8 194 0.8 0.1 4.4 2.0 480 13.6
inc. 356.9 360.1 3.3 2.0 551 0.8 0.2 11.9 4.7 1208 34.1
and inc. 358.2 359.1 0.9 0.6 1100 1.5 0.4 23.2 5.9 2244 63.4
17CLM-105 507.6 520.9 13.3 13.0 105 0.1 0.1 0.5 0.4 153 4.3
inc. 510.6 513.2 2.5 2.5 318 0.1 0.4 1.4 0.8 444 12.5
17CLM-105 525.9 534.7 8.9 8.7 69 0.1 0.3 0.3 1.1 152 4.3
inc. 529.8 530.5 0.8 0.7 195 0.0 1.1 0.8 4.4 498 14.1
17CLM-105 557.9 558.5 0.6 0.5 56 0.2 2.5 0.0 0.0 337 9.5
17CLM-106 889.25 891.70 2.45 2.06 87.7 0.03 0.04 0.2 10.3 465 13.1
17CLM-106 921.25 930.40 9.15 7.69 22.0 0.00 0.00 0.0 3.6 153 4.3
and inc. 926.20 930.40 4.20 3.53 29.7 0.01 0.00 0.1 5.8 238 6.7
17CLM-106 941.60 943.40 1.80 1.51 30.0 0.10 0.11 0.0 20.7 782 22.1

 

 

 

Analyzed by FA/AA for gold and ICP-AES by ALS Laboratories, North Vancouver, BC. Silver (>100ppm), copper, lead and zinc (>1%) overlimits assayed by ore grade ICP analysis, High silver overlimits (>1500g/t Ag) and gold overlimits (>10g/t Au) re-assayed with FA-Grav. High Pb (>20%) and Zn (>30%) overlimits assayed by titration. AgEq and ZnEq were calculated using average metal prices of: US$18.2/oz silver, US$1240/oz gold, US$2.8/lbs copper and US$0.91/lbs lead and US$0.94/lbs zinc. AgEq and ZnEq calculations did not account for relative metallurgical recoveries of the metals. Ore-grade composites calculated using a 80g/t AgEq cut-off and <20% internal dilution, except where noted; anomalous intercepts calculated using a 10g/t AgEq cut-off.

 

 

About Southern Silver Exploration Corp.

 

 

Southern Silver Exploration Corp. is a precious metal exploration and development company with a focus on the discovery of world-class mineral deposits in north-central Mexico and the southern USA. Our specific emphasis is the Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico’s Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, San Martin, Naica and Pitarrilla. We have assembled a team of highly experienced technical, operational and transactional professionals to support our exploration efforts in developing, along with our partner, Electrum Global Holdings LP, the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine.

 

 

The Company engages in the acquisition, exploration and development either directly or through joint-venture relationships in mineral properties in major jurisdictions. Our property portfolio also includes the Oro porphyry copper-gold project located in southern New Mexico, USA. The Oro property consists of patented land, State leases and BLM located mineral claims which cover a highly prospective quartz-sericite-pyrite alteration zone, interpreted to overlie an unexposed porphyry center and distal sediment-hosted, oxide-gold target.

 

____________________

  1. The 2016 Cerro Las Minitas Resource Estimate was prepared following CIM definitions for classification of Mineral Resources. Resources are constrained using mainly geological constraints and approximate 10g/t AgEq grade shells. The block models are comprised of an array of blocks measuring 10m x 2m x 10m, with grades for Au, Ag, Cu, Pb, Zn and AgEq values interpolated using ID2 weighting. The models identified at a 150g/t AgEq cut-off, an indicated resource of 3,724,000 tonnes averaging 90g/t Ag, 0.05g/t Au, 2.3% Pb, 2.5% Zn and 0.09% Cu and a cumulative inferred resource of 6,611,000 tonnes averaging 82g/t Ag, 0.17g/t Au, 1.6% Pb, 4.3% Zn and 0.2% Cu. Mineral Resource cut-offs are estimated using an average long-term price of $15/oz silver, $1,100/oz gold, $2.75/lb Cu, $0.90/lb lead and $0.90/lb zinc and metal recoveries of 82% silver, 86% lead and 80% zinc. AgEq calculations did not account for relative metallurgical recoveries of the metals. All prices are stated in $USD. Mineral Resources are conceptual in nature and as such do not have demonstrated economic viability.The current Resource Estimate was prepared by Garth Kirkham, P.Geo. of Kirkham Geosciences Ltd. who is the Independent Qualified Person responsible for presentation and review of the Mineral Resource Estimate.

 

 

Robert Macdonald, MSc. P.Geo, is a Qualified Person as defined by National Instrument 43-101 and responsible for the supervision of the exploration on the Cerro Las Minitas Project and for the preparation of the technical information in this disclosure.

 

Posted November 6, 2017

MORE or "UNCATEGORIZED"


The Week of November 13th to November 19th, 2017 “A brief Look Back Into Tomorrow”

The new North American trading week began on Monday, November 13t... READ MORE

November 20, 2017

ORENINC INDEX falls as brokered deals dry up

ORENINC INDEX – Monday, November 20th, 2017 North America... READ MORE

November 20, 2017

This Week on The CSE - Short Week Of November 12 - 17

As my week began with a crossing of the iconic Lions Gate ... READ MORE

November 20, 2017

Pistol Bay Creates Blockchain Subsidiary, PB Blockchain Inc.

Pistol Bay Mining Inc. (TSX-V:PST) (Frankfurt :OQS2) is pl... READ MORE

November 20, 2017

Stroud Resources Announces 71% Increase in Measured and Indicated Resources at Santo Domingo, Mexico

Stroud Resources Ltd. (TSX-V:SDR) has filed an updated, independe... READ MORE

November 20, 2017

Copyright 2017 The Prospector News - Site design by Spyderbaby Productions