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Southern Silver Targets Resource Expansion as Drill Crews Mobilize to the Cerro Las Minitas Ag-Pb-Zn Project
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2020) - Southern Silver Explorat...
About this update from Southern Silver Exploration Corp.
[{"type":"text","content":"Southern Silver Targets Resource Expansion as Drill Crews Mobilize to the Cerro Las Minitas Ag-Pb-Zn ProjectVancouver, British Columbia--(Newsfile Corp. - September 24, 2020) - Southern Silver Exploration Corp. (TSXV: SSV) (the \"Company\" or \"Southern Silver\") reported today that crews have mobilized in preparation for the start of the 2020-21 drill campaign on the Cerro Las Minitas Project (\"CLM Project\"), Durango, Mexico. Commencement of exploration follows the closing of the transaction with Electrum Global Holdings L.P. (\"Electrum\") to acquire Electrum's 60% indirect working interest in the CLM Project (thus increasing Southern Silver to a 100% interest) and the closing of previously announced private placements with gross proceeds of Cdn$14.456 million (see NR-12-20; September 16, 2020). The exploration/drill program includes up to 10,000 metres of core drilling in 20 to 25 holes which will focus on the development of mineral resources on the east side of the Cerro through step-out drilling from previously identified high-grade, strongly silver-enriched mineralization in the Mina La Bocona and South Skarn target areas (see Figure 1 and Table 1). Some meterage will also be used to further extend mineralization at the Las Victorias target.Figure 1: Plan Map of the Area of the Cerro showing the distribution of the CLM deposits and the location for new drill targeting, at the Mina La Bocona, South Skarn and Las Victorias targets. To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/5344/64510_1d4e6d16d4fa0868_002full.jpgDrilling will test an approximate 800 metre strike length of the Skarn Front mineralized zone on the east side of the Cerro to depths of up to 650 metres, as well as a high-grade hanging wall zone in the Mina La Bocona target area. Between 2011 to 2015, Southern Silver drilled 15 core holes on the east side of the Cerro with select assay results summarized below. New drill targeting will step out from this known mineralization and aims to increase the current mineral resource estimate on the property by approximately 30%. The CLM Project remains one of the larger undeveloped silver-lead-zinc projects in the world and is fully funded and permitted. Table 1: Select Assay intervals from the Mina La Bocona and South Skarn Target areasTo view an enhanced version of Table ...