The Prospector News

Prospector News Podcast – Robert MacDonald: “We Have a Large Low-Cost High Grade Mine Here”

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Prospector News Podcast – Robert MacDonald: “We Have a Large Low-Cost High Grade Mine Here”

 

 

 

 

The Prospector News, Michael Fox is joined by Robert MacDonald, Vice President of Exploration for Southern Silver Exploration Corp. (TSX-V:SSV) (OTCQX:SSVFF). We discuss the recent findings of the company’s PEA on the Cerro Lss Minitas project in Durango State Mexico. The project boasts a preliminary 17-year life of Mine with a payback period of 48 months on the base case. The Internal rate of return after taxes is 21.2% the current prices for metals are well above the base case making this project even more attractive.

 

The Mine plan is for a large-scale underground mine with a capex of $565 Million. This will keep the project out of permitting purgatory with Mexico possibly moving to stop permitting new open pit mines. The new mining regulations have a focus on water and Rob outlines how the company plans to minimize water use and recycle the water that is used. Future plans include de-risking the project further and doing more exploration to increase the mineral resources further before undertaking a pre-feasibility study.

 

About Southern Silver Exploration Corp.

 

Southern Silver Exploration Corp. is an exploration and development company with a focus on the discovery of world-class mineral deposits either directly or through joint-venture relationships in mineral properties in major jurisdictions. Our specific emphasis is the 100% owned 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, Los Gatos, 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 the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. Our property portfolio also includes the Oro porphyry copper-gold project and the Hermanas gold-silver vein project where permitting applications for the conduct of a drill program is underway, both located in southern New Mexico, USA

 

Southern Silver Exploration 

Posted July 23, 2024

Share this news article

MORE or "UNCATEGORIZED"


Orvana Reports FY2024 Results & FY2025 Guidance

Orvana Minerals Corp. (TSX: ORV) is pleased to: report results for Fiscal Year 2024 (ended Septem... READ MORE

November 22, 2024

Filo Drills 1,270m at 0.92% CuEq in Aurora and 529m at 0.97% CuEq in Bonita

Filo Corp. (TSX: FIL) (Nasdaq First North Growth Market: FIL) (OTCQX: FLMMF) is pleased to annou... READ MORE

November 22, 2024

Guanajuato Silver Reports 2nd Consecutive Quarter of Positive Mine Operating Income

Guanajuato Silver Company Ltd. (TSX-V:GSVR) (OTCQX:GSVRF) is pleased to announce financial and opera... READ MORE

November 22, 2024

Juggernaut Closes Oversubscribed Flow-Through Financing

  Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) further to its November 12 , ... READ MORE

November 22, 2024

Ximen Mining Corp Drilling Intersects 16.30 G/T Gold on Mckinney Vein Extension

Ximen Mining Corp. (TSX-V: XIM) (FSE: 1XM) (OTC: XXMMF) XMis pleased to provide a summary of result... READ MORE

November 21, 2024

Copyright 2024 The Prospector News