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Southern Silver Provides Mineral Resource Update That Includes Newly Identified Shallow High-Grade Deposit at the Cerro Las Minitas Project
Mineral Resource Update: Indicated 140Mozs AgEq or 2.3Blbs ZnEq: 42.7Mozs Ag, 364Mlbs Pb, and 9...
About this update from Southern Silver Exploration Corp.
[{"type":"text","content":"Southern Silver Provides Mineral Resource Update That Includes Newly Identified Shallow High-Grade Deposit at the Cerro Las Minitas ProjectMineral Resource Update:Indicated 140Mozs AgEq or 2.3Blbs ZnEq: 42.7Mozs Ag, 364Mlbs Pb, and 903Mlbs Zn; andInferred 210Mozs AgEq or 3.5Blbs ZnEq: 80.0Mozs Ag, 571Mlbs Pb, and 1,029Mlbs ZnVancouver, British Columbia--(Newsfile Corp. - March 22, 2023) - Southern Silver Exploration Corp. (TSXV: SSV) (\"Southern\") reports that Kirkham Geosystems Ltd. has completed an update of its independent Mineral Resource Estimate (\"MRE\") on the Cerro Las Minitas project in Durango State, Mexico. The updated MRE significantly expands sulphide resources in the La Bocona deposit through the incorporation of the North Felsite zone into the resource model. The revised estimate utilizes the same metal pricing and metallurgical recoveries as the previous 2021 MRE, utilizes a Net Smelter Return (\"NSR\") cut-off, as detailed in Table 1, and reports average grades on a AgEq, ZnEq and $US/t NSR basis. The Mineral Resource estimates for the South Skarn, Blind-El Sol Skarn Front and Las Victorias deposits and the small oxide resource initially estimated in 2021, remains unchanged in this current update.The newly modelled mineral resources represent an approximate 63% increase in the size of the La Bocona deposit (on a AgEq basis) and an overall 4.5% increase in the mineral resources of the entire project. The now extended La Bocona deposit projects laterally along the eastern margin of the central intrusion and together with the previously identified South Skarn deposit forms a 1,200 metre long, semi-continuous zone of mineralization featuring three separate higher-grade \"shoots\" which project to 500m below surface and remain open at depth for further resource expansion (Figure 1). Vice President of Exploration, Rob Macdonald stated \"This latest resource update represents one more step in the continued evolution of the Cerro La Minitas project through the identification of further shallow, high-grade mineralization which is accretive to the existing mineral resources on the property and adjacent to the planned project infrastructure. Future work will maintain a focus on adding value to the project early in the production time-line for maximum economic benefit. This includes: further engineering upgrades to the pr...