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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
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