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Southern Silver Reports 9.1metres of 0.92% CuEq (0.59% Cu, 0.3g/t Au, 0.01% Mo, and 2.3g/t Ag) in a Recon Hole Testing Skarn/CRD Mineralization at the Oro Project, New Mexico; Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - April 3, 2023) - Southern Silver Exploration Corp...
About this update from Southern Silver Exploration Corp.
[{"type":"text","content":"Southern Silver Reports 9.1metres of 0.92% CuEq (0.59% Cu, 0.3g/t Au, 0.01% Mo, and 2.3g/t Ag) in a Recon Hole Testing Skarn/CRD Mineralization at the Oro Project, New Mexico; Corporate UpdateVancouver, British Columbia--(Newsfile Corp. - April 3, 2023) - Southern Silver Exploration Corp. (TSXV: SSV) (\"Southern Silver\" and the \"Company\") reports that it has received assay results from the final two core holes of its 4,050-metre, 2022 drilling program at its wholly owned Oro property, located in the Laramide-age, porphyry copper belt in southwestern New Mexico, USA.Hole OR22-012 tested a strong ZTEM geophysical anomaly in an area believed to be relatively high in the metal system and where Cretaceous-age carbonate host rocks were expected to lie at relatively shallow depths beneath Laramide-age andesite volcanic rocks. The hole intersected veins with strongly anomalous gold (12.4 g/t over 0.8 metres at 495.7 metres depth)* in a banded anhydrite+pyrite+calcite breccia vein and, deeper in the hole, intersected anomalous silver and lead (908 g/t Ag and 10.4% Pb over 0.2 metres at 594.6 metres depth) in a barite+galena vein, consistent with expected metal zoning. Favourable carbonate host rocks were intersected with abundant sulfide minerals below a 6-metre-thick massive anhydrite vein at roughly 590-metres depth. The 427.2-metres interval from 578.6 to 1,005.8 metres averages 0.15% CuEq (0.08% Cu, 0.01% Mo, and 1.4g/t Ag), with variable mineralization continuing to the end of the hole at 1,006 metres depth. The strongest mineralization is 9.1 metres of 0.59% Cu, 0.01% Mo, 0.3 g/t Au, and 2.3g/t Ag (0.92% CuEq) from 834.5 to 843.7 metres in a carbonate replacement zone with abundant magnetite, specular hematite, and epidote with minor pyrite, calcite, and anhydrite. Dikes ranging from unaltered to strongly altered are common throughout the hole. Hole OR22-012 only tested a portion of the strong ZTEM anomaly in the area leaving a significant strike-length and width of the anomaly remaining for further drill testing. An additional 56 Federal lode claims were staked to cover the possible extensions of the copper-rich skarn/CRD mineralization intersected in OR22-012. Mapping of the new claims has been completed, with samples submitted for analyses.Hole OR22-013 is an offset to the first two holes of the 2022 program, which ...