Southern Silver Exploration Corp. (TSX-V:SSV) (FRANKFURT:SEG1) (SSE:SSVCL) is in the final stages of submitting all the required documents to upgrade its U.S. listing to the OTCQB Marketplace, and it anticipates that the process will be completed later this week at which time final notice will be given. The Company also maintains listings on the TSX.Venture Exchange in Canada (SSV), the Frankfurt Exchange in Europe (SEG1) and the Santiago Exchange in Chile (SSVCL).
“Broadening the scope of access to real-time quotations and to trading platforms through a listing on the OTCQB Marketplace in the USA, coupled with existing listings in Canada, Europe and Mexico/South America allows our shareholders to deal in our securities in their home jurisdictions and in their currencies since our mineral properties are located in Mexico and the United States,” said Lawrence Page, President.
Oro Project Update
Permitting is nearly completed and field work will begin this week on the Company’s USD$300,000 staged program to explore the Stockpond gold target at the Company’s 100% controlled Oro property in New Mexico. This program will include prospecting and trenching this summer, followed by drilling in the fall of 2016. The Company recently completed an equity raise to fund this program.
Low outcrops and float of silicified and oxidized sediments occur in a 150m by 150m window through a thin cover of gravel at the Stockpond target. Grab samples of outcrop and float contain 0.1 to 4.8g/t Au in 15 of the 21 samples collected. The mineralization has characteristics of an intrusion-related, disseminated gold deposit in the outer region of a zoned porphyry-style base and precious metal district.
Southern Silver has consolidated the Oro porphyry district over the past several years, and the Project now consists of approximately 12 square kilometers of patented ground, New Mexico state leases, and BLM claims.
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 Pitarilla. 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. 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.
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