Southern Silver Exploration Corp. (SSV-TSX.V; SEG1-Frankfurt; SSVCL-SSEV; SSVFF-OTCQB), a Canadian-based precious/base-metal exploration company focused on the acquisition, exploration and responsible mining development in Durango, Mexico and New Mexico, USA.
Southern Silver’s growth strategy is to focus on the development of quality assets, in significant mineralized trends, close to infrastructure. With this in mind, the Company is engaged in the acquisition, exploration and development of high-grade precious/base metals properties within North America. The high exploration/discovery potential of Southern Silver’s projects combined with a low market capitalization, a commitment to the joint venture business model and low operating costs create an excellent opportunity for future corporate growth and an increase in shareholder value.
In the Faja de Plata (The Belt of Silver) in north-central Mexico, 70 km by road from the city of Durango, exploration on the 265 sq. km, Cerro Las Minitas property by J/V partners, Electrum Global Holdings LP and Southern Silver (60/40 respectively), has led to identification and delineation of four mineral deposits (the Blind, the El Sol, the las Victorias and Skarn Front) as well as new discoveries at the Mina La Bocona and the South Skarn zones. Updated 2018 Mineral Resources at a 175g/t AgEq cut-off equal:
Indicated Resource of 116.1Mozs AgEq: 33.6Mozs Ag, 319Mlbs Pb and 813Mlbs Zn; and
Inferred Resource of 92.7Mozs AgEq: 20.7Mozs Ag, 131Mlbs Pb and 870Mlbs Zn.(1)
The 2017 exploration programs on the Cerro Las Minitas Project, comprised of 18 holes and approximately 13,500 metres with Southern Silver acting as operator. Drill results continued to extend high-grade mineralization in the newly identified Skarn Front target including: 12.5m (est. TT) Grading 154g/t Ag, 2.0g/t Au, 3.2% Pb, and 3.9% Zn (558g/t AgEq; 15.7% ZnEq) and 6.5m (est. TT) averaging 737g/t Ag, 8.6% Pb, and 21.8% Zn (1814g/t AgEq; 51.2% ZnEq).
To date, a total of 108 drill holes have been completed on the project totalling 49,524 metres as well as US$15.5M spent in total exploration and acquisition resulting in an exploration discovery cost of $0.07 per AgEq ounce.
New Exploration Target: +30 Mt grading 80-120 g/t Ag and 4-8% Pb/Zn (+300 Mozs AgEq)(1)
Additionally, the newly acquired CLM West claims are being explored for possible epithermal vein systems similar to nearby Avino Gold-Silver Mine and San Sebastian Mine with initial float sampling identifying strong anomalous gold/silver values.
The 2018, US$3.0M,10,000m exploration/drill program is underway testing both the CLM main and CLM West Ag/Au claims.
(1) Resource parameters can be found on the following page. The exploration target is conceptual in nature and relies on projections of mineralization that are beyond the standard CIM classification of mineral resources and should not be relied on as a mineral resource estimate.
Southern United States: Oro Project, New Mexico
The 11.8 sq. km Oro Project covers the majority of the historic Eureka Mining District in Grant County, New Mexico. The company has identified multiple prospective drill targets throughout a 2 kilometre long mineralized corridor largely untested by modern exploration. Oro is a gold, silver and base metal project with excellent potential for discovery.
Southern Silver is affiliated with Manex Resource Group, a private company comprised of an exceptional multi-disciplinary team of professionals, with specific expertise in all the areas of exploration, development and public company administration.
Lawrence Page, B.A., LL.B., Q.C., President & Director
Mr. Page has practiced in the areas of natural resource law and corporate and securities law for over 50 years and has been a Director and Officer of a number of public mining Companies in North America which discovered and developed major mines and projects such as: the David Bell and Page Williams mines (Hemlo), Ontario; the Snip, Eskay Creek and Mascot Gold Mines, British Columbia; and of the Penasquito Mine, Mexico.
Mr. Donald R. Head, B.A., LL.B
Mr. Head graduated from Arizona State University with a BA in Business and holds a law degree from the University of Arizona. He co-founded Centurian Development and Investments Inc., a company engaged in real estate development. As an Attorney, he represented Canadian public mineral exploration companies in property acquisitions and equity finance and has been a Director for a number of public mining companies. He currently serves as Officer of Head Management Investments LLC. and was the Founder, Chairman, President and Chief Executive Officer of Capital Title Group Inc., until it was sold in 2006 for gross proceeds of $ 265 million.
D. Roger Scammell, BSc , PGeo, Director
Mr. Scammell has 40 years of experience in the mining and exploration industry in North America, México and Guatemala. In his career he has served as the Country Manager, Mexico for Teck Corporation, President of Scorpio Mining Corporation and Vice-President, Exploration of Tamaka Gold Corporation. He and his team discovered the 72MT San Nicolas VMS deposit and the El Limon gold skarn, México, and were responsible for the exploration, development and initial production of the Nuestra Señora polymetallic silver mine in Sonora, México.
Eugene Spiering, PGeo, Director
Mr.Spiering is an exploration geologist with over 30 years of mineral exploration and senior project management experience in the Western United States, South America, and Europe. In his career, he has served as VP Exploration of Quaterra Resources Inc., Rio Narcea Gold Mines, Concord Minera Asturiana S.A. and has held senior technical positions with Centurion Mines Corporation and Energy Fuels Nuclear Inc. His work includes the discovery, project development and production of the El Valle gold and Aguablanca nickel mines in Spain.
Nigel Bunting, Director
Mr. Bunting is a private investor with a successful earlier career as a broker and executive in the Insurance industry. As Director of Suffolk Life, he played a pivotal role in turning the company into one of the UK’s leading self-invested personal pension (SIPP) administrators, By 2008, it had £2.5 billion assets under management and was bought by Legal & General for £62.5m.
Larry Buchanan, PGeo, PhD, Director, Southern Silver
Dr. Buchanan is Chief Consulting Geologist of Electrum, and has over 45 years of experience in the natural resources sector. Dr. Buchanan, is a highly regarded exploration geologist and a published leading expert on epithermal deposits. His analysis of such deposits has given rise to the industry paradigm known as the “The Buchanan Model.” He has played a key role in identifying several significant precious metals deposits, including leading the discovery of San Cristóbal in Bolivia. For this accomplishment, Dr. Buchanan was awarded the Thayer Lindsley Award from the Prospectors and Developers Association of Canada.
Peter Cheesbrough, CA, Director, Southern Silver
Mr. Cheesbrough is President of the Exploration Division of the Electrum Group LLC. He has more than 30 years of experience as a senior financial executive of public and private companies including the mining industry, where he was the Chief Financial Officer of Echo Bay Mines. Most recently, he was CFO of ZeaChem and the Executive VP and CFO for CIBER, a global information technology consulting, services and outsourcing company listed on the NYSE. Mr. Cheesbrough is a chartered accountant and Fellow of the Institute of Chartered Accountants in England and Wales, and a Member of the Institute of Chartered Accountants of Alberta.
Suite 1100, 1199 West Hastings St.
Vancouver, BC, V6E 3T5 Canada
Tel: +1 (604) 684-9384
Fax: +1 (604) 688-4670
Investor Relations Contact
Tel: +1 (604) 641-2759
7th Floor, Marine Building,
355 Burrard Street
Listing Stock Exchanges