Business
Southern Announces Resource Estimate at Cerro Las Minitas: Indicated: 10.8Mozs Ag, 189Mlbs Pb and 207Mlbs Zn (36.5Mozs AgEq); and Inferred: 17.5Mozs Ag, 237Mlbs Pb and 626Mlbs Zn (77.3Mozs AgEq)
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 21, 2016) - Southern Silver Exploration Corp. (TSX VENTURE:SSV)(FRANKFURT:SEG1)(SSE:SSVCL) ("Southern") report
About this update from Southern Silver Exploration Corp.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 21, 2016) - Southern Silver Exploration Corp. (TSX VENTURE:SSV)(FRANKFURT:SEG1)(SSE:SSVCL) (\"Southern\") reports that Kirkham Geosystems Ltd. (\"KGL\") has completed an independent Mineral Resource Estimate on the Cerro Las Minitas (\"CLM\") project in Durango State, Mexico. Electrum Global Holdings L.P. (\"Electrum\") is financing a broad range of exploration activities to earn a 60% interest in CLM. The resource estimate provides initial grade and tonnage estimates for three mineral deposits on the property at the Blind, El Sol and Santo Nino zones which have been the focus of much of Southern's exploration activities on the property since 2011, but does not include mineralization from the newly discovered Mina La Bocona zone. Table 1: Base-case Mineral Resource Estimate utilizing a 150g/t AgEq cut-off value is as follows: Indicated Zone Tonnes(Kt) Ag(g/t) Au(g/t) Pb(%) Zn(%) Cu(%) AgEq(g/t) Ag(ozs x 1000) Au(ozs x 1000) Pb(Mlbs) Zn(Mlbs) Cu(Mlbs) AgEq (Oz)(000's) Blind Zone 2,641 99 0.07 2.4 2.1 0.10 303 8,442 5.7 139.4 123.3 5.6 25,720 El Sol Zone 1,083 69 0.02 2.1 3.5 0.09 311 2,392 0.6 49.8 83.6 2.0 10,812 Total 3,724 90 0.05 2.3 2.5 0.09 305 10,834 6.3 189.2 206.9 8 36,532 Inferred Zone Tonnes(Kt) Ag(g/t) Au(g/t) Pb(%) Zn(%) Cu(%) AgEq(g/t) Ag(ozs x 1000) Au(ozs x 1000) Pb(Mlbs) Zn(M...