Uncategorized
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
Posted July 23, 2024
MORE or "UNCATEGORIZED"
Namibia Critical Metals Announces Completion of Japan's C$23 Million Earn-In and Formation of Strategic Joint Venture Company for the Lofdal Heavy Rare Earth Project
Namibia Critical Metals Inc. (TSX-V: NMI) (OTCQB: NMREF) is pleased to announce that Japan Organizat... READ MORE
July 31, 2026
Eldorado Gold Reports Solid Q2 2026 Financial and Operational Results; Skouries On Track for Q3 2026
Eldorado Gold Corporation (TSX: ELD) (NYSE: EGO) today reports the Company’s financial and operati... READ MORE
July 31, 2026
DPM Metals Reports Record Q2 2026 Free Cash Flow and Earnings; Vareš On-Track to Achieve Full Production by Year-end 2026
DPM Metals Inc. (TSX: DPM) (ASX: DPM) announced its operating and financial results for the second q... READ MORE
July 31, 2026
IMC Rare Earths Ltd Announces Closing of $20 Million Initial Public Offering
IMC Rare Earths Ltd, a company focused on the mineral exploration and development of magnet rare ear... READ MORE
July 31, 2026
Fairchild Gold Announces Closing of Private Placement Financing and Early Warning Report
Fairchild Gold Corp. (TSX-V: FAIR), is pleased to announce the closing, on July 29, 2026, of its pre... READ MORE
July 31, 2026
