Southern Silver Exploration Corp. (TSX-V: SSV) reports that drilling has commenced on its 100% owned Cerro Las Minitas, Ag-Pb-Zn property, located in Durango, Mexico.
Up to 6,000m of core drilling is planned as a initial stage to test further extensions of shallow, high-grade mineralization lateral to the three existing deposits which occur on the eastern and northern margins of the central intrusion (Figure 1).
Previous drilling programs (~96,744 metres) resulted in the following mineral resource as of March 20, 2024 using a $60/t Net Smelter Return cut-off:
(see Appendix A for reference, mineral resource details and assumptions)
The drilling is designed as a proof of concept to (i) demonstrate continued shallow resource growth potential, and (ii) enhance the economics of the Cerro Las Minitas project. Drilling has commenced on the South Skarn Deposit in areas adjacent to planned underground mine development and will also target down dip extensions of higher-grade mineralized shoots. Drilling will also target resource gaps and down-dip extensions in the North Felsite deposit and shallow, lateral potential adjacent to the Skarn Front deposit.
The Company also reports that work continues advancing numerous upside opportunities identified subsequent to the July 2024 PEA, while also derisking and advancing the project with the commencement of baseline data collection, hydrology, geotechnical, archaeological and land surveys and studies.
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. As currently modelled in the recently updated PEA, the CLM project features a large-Scale underground mining operation with robust project economics and high gross revenues in a well located and mining friendly jurisdiction in southeast Durango, Mexico. For more details, please visit Southern Silver’s website at southernsilverexploration.com.
Our property portfolio also includes the Oro porphyry copper-gold project and the Hermanas gold-silver vein project where permitting applications drilling are currently underway, both located in southern New Mexico, USA.
The scientific and technical content of this news release was reviewed and approved by Robert Macdonald, MSc. P.Geo, VP. Exploration, and is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Appendix A
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