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Southern Silver Drilling Underway at Stockpond Target, Oro Project, New Mexico
Vancouver, British Columbia--(Newsfile Corp. - October 18, 2017) - Souther n Silver Explorat...
About this update from Southern Silver Exploration Corp.
[{"type":"text","content":"Southern Silver Drilling Underway at Stockpond Target, Oro Project, New MexicoVancouver, British Columbia--(Newsfile Corp. - October 18, 2017) - Southern Silver Exploration Corp. (TSXV: SSV) (\"Southern Silver\") reported today that Phase II drilling on the Stockpond gold target has commenced on its 100% owned Oro project. The program will consist of 8-10 reverse-circulation (RC) drill holes totaling approximately 1,200m, which will test lateral offsets of gold mineralization identified in 2016 drilling. In addition, results of a +300-line kilometer airborne Z-TEM survey over the entire Oro property have been received and evaluated, resulting in additional claims being staked to cover new targets that now have been sampled for further evaluation.The drilling program is a follow-up to Phase I drilling at the Stockpond target in 2016, which consisted of nine RC drill holes totaling 1,223m and targeted a previously defined 500m x 500m gold-in-soil anomaly with a small outcrop and trenched bedrock exposures of strongly silicified and oxidized, gold-bearing sedimentary rocks. Drilling intersected thick horizons (10's of metres) of strongly silicified and hematite-rich sediments in eight of the holes, with the higher gold grades being spatially associated with zones of strong silicification. Gold values in drill holes increased from anomalous levels near the small outcrop to much thicker and stronger gold values eastward beneath relatively thin gravel cover. The strongest values were obtained in the easternmost hole, SP16-004, which intersected a 41.2m interval of 0.42g/t Au (includes a 9.1m interval of 0.75g/t Au, see NR-22-16). Phase II holes will offset this encouraging drill intercept and will also test a large gravel-covered area farther east, where the Company's recent Z-TEM geophysical survey indicates alteration extends eastward beneath the gravel.The Z-TEM geophysical survey was conducted over the entire property as part of the Company's broader evaluation of this large, well-zoned mineralized system. The central region of the Oro property has alteration typically found above major porphyry copper deposits. Surrounding this core area of copper potential are previously mined, small carbonate-replacement deposits (CRDs) that were rich in silver, zinc, and lead. Gold mineralization, such as at the Stockpond target and in newly i...