Southern Silver Exploration Corp. · TSXV:SSV
Southern Silver Exploration — Investor Presentation (June 2022)
22 slides from Southern Silver Exploration's investor presentation, June 2022
Slide 1: June 2022 Corporate Presentation
June, 2022 SSV: TSX-V SSVCL: SSEV SSVFF: OTCQX
Slide 2: Forward Looking Statements
Forward Looking Statements Some of the statements contained in this presentation may be deemed “forward-looking statements.” These include estimates and statements that describe the Company’s future plans, objectives or goals, and expectations of a stated condition or occurrence. Forward-looking sta
Slide 3: Investment Highlights
Investment Highlights Focused on the Cerro Las Minitas (CLM) Ag-Cu-Pb-Zn project located in Durango, Mexico One of the Largest and Highest Grade Undeveloped Corporate Highlights Company Catalysts (pending News Flow) Silver Projects in the World • 100% ownership and control of the • PEA: Q3 2022 • In
Slide 4: Capital Markets Profile
Capital Markets Profile Capital Structure Share Price and Volume (Last 18 Months) Ticker TSX-V:SSV Share Price (June 2, 2022) C$0.27 Current Shares Outstanding 291.5M 1 Options 28.3M Warrants 65.9M2 Fully Diluted Shares Outstanding 386M Market Capitalization (basic) C$78.7M Cash & Cash Equivalents C
Slide 5: Cerro Las Minitas: One of the Largest and Highest Grade Undeveloped Silver Assets
Cerro Las Minitas One of the Largest and Highest Grade Undeveloped Silver Assets in the World Top Ten in size: 335Mozs AgEq – Higher Grade: 326g/t AgEq 2021 Mineral Resource Estimate (as of Oct 27th, 2021 using a $60NSR/t cut-off); Indicated – 137Moz AgEq 42.1Moz Ag, 44Mlb Cu, 358Mlb Pb and 895Mlb Z
Slide 6: Management Team and Board
Management Team and Board Experienced Mine Finders with a History of Success in Mexico Lawrence Page (LL.B, QC) • Director and Officer of a number of public prominent exploration and mining companies President, Director • Major Projects and Mines involvement: Penasquito, Mexico; Hemlo and Eskay Cree
Slide 7: Project Portfolio
Project Portfolio District Scale Exploration & Development Cerro Las Minitas, Durango, Mexico – Flagship • 100% owned • +US$30M spent on acquisition and exploration since 2011 • 33% increase Mineral Resources in 2021 Update • Working toward a PEA in Q3, 2022 Oro Project, New Mexico • 100%-owned • La
Slide 8: Permitting and Community Relations
Cerro Las Minitas Permitting and Community Relations An Active Exploration and Development Area with Superior Infrastructure and Community Support • Safe jurisdiction, around non-narcotic related agriculture • Environmental permits in place • Social license initiatives – exploration access agreement
Slide 9: Superior Location and Infrastructure
Cerro Las Minitas Superior Location and Infrastructure Neighboring several large companies (Fresnillo, Silver Standard, Coeur, Hecla and Avino) • Property is now 345 km², in a prolific mining region • Located 70km NE of Durango (pop. ~650,000) with highway/road and power access • CLM West claims add
Slide 10: Looking North from the Autopista (Highway)
Cerro Las Minitas Looking North from the Autopista (Highway) Blind Zone/El Sol Skarn Front Zone Zone/Las Victorias (Mineral Resource) Zone (Mineral Resource) South Skarn Mina La Bocona (New Mineral Resource) Extension (New Mineral resource) www.southernsilverexploration.com 10 TSX-V: SSV
Slide 11: Exploration and Discovery
Cerro Las Minitas Exploration and Discovery Two New Exploration Targets Transitioned to Mineral Resources Components of Discovery CLM is a Ag-Pb-Zn CRD/Skarn system hosted in similar • A Central Monzonite Intrusion acts as the heat pump to the major polymetallic Mexican deposits like: mineralizing s
Slide 12: 2021 Resource Estimate
Cerro Las Minitas 2021 Resource Estimate • 2021 Mineral Resource Estimate (as of October 27, 2021 using a US$60/t NSR cut-off); – Indicated – 137Moz AgEq 42.1Moz Ag, 44Mlb Cu, 358Mlb Pb and 895Mlb Zn (347g/t AgEq; or US$130 NSR/t) – Inferred – 198Moz AgEq: 73.6Moz Ag, 98Mlb Cu, 500Mlb Pb and 1,009Ml
Slide 13: 2021 Resource Highlights
Cerro Las Minitas 2021 Resource Highlights Top Ten in size: 335Mozs AgEq – Underground Grade: 326g/t AgEq The 2021 Mineral Resource update, at a US$60/t NSR cut-off, features: • Indicated Mineral Resources to 12.3Mt totalling 137Mozs AgEq or 2.3 Blbs ZnEq; and • Inferred Mineral Resources to 19.6Mt
Slide 14: 2020-21 Mineral Resource – Two New Deposits
Cerro Las Minitas 2020-21 Mineral Resource – Two New Deposits Two New Deposits; Resource Tonnage Increased by 33% Resources Added on the East Side of the Cerro Updated Resources Blind-El Sol- Tonnage Las Victorias Ind: 12.3Mt +33% Mina La Bocona Inf: 19.6Mt Central Contained Metal Intrusion Ind: 137
Slide 15: Metallurgical Test work - Engineering
Cerro Las Minitas Metallurgical Test work - Engineering PEA Study to Incorporate Metallurgical and Engineering Test Work Skarn Front Metallurgical Results • 92% Silver Recovery • 94.7% Zinc Recovery • 83.6% Lead Recovery • 60% Copper Recovery Engineering studies continue to de-risk the project • Dev
Slide 16: Project Catalysts
Cerro Las Minitas Project Catalysts Continued Exploration Up to 15,000 metres of drilling planned to test several un-tested or poorly-tested targets in the area of the Cerro and will form the basis for further exploration on the project in 2022 New Drilling at: ➢ El Sol Concession • 8 holes 2,920m c
Slide 17: New Discoveries – North Felsite and El Sol Target
Cerro Las Minitas New Discoveries – North Felsite and El Sol Target Long Section of the Bocona / North Felsite, Looking South El Sol Plan Map ➢ 21CLM-175: 0.8m grading 2169 g/t AgEq within 1.9m averaging 1530 g/t AgEq ➢ 21CLM-177: 0.7m grading 1040 g/t AgEq within 5.8m averaging 308 g/t AgEq ➢ 21CLM
Slide 18: Oro and Hermanas Projects
Oro and Hermanas Projects Asset Overview US Exploration Southern continues to advance two earlier stage projects in southern New Mexico, giving the shareholder additional exposure to copper, gold and silver ➢ Oro Project • Large Laramide Cu-Mo-Au Porphyry system ➢ Hermanas • Widespread Au-Ag epither
Slide 19: Oro Property
Oro Property Asset Overview The Company has identified favorable targets to Provide Investors an Exposure to Copper Oro Project, southern New Mexico Property Map • 100% owned by SSV • +$3 million spend in Acquisition and Exploration • 6 hole 4000m core hole program now started Q1’22 • 22.4 sq. km co
Slide 20: Oro Property: Drill Targeting
Oro Property Drill Targeting on Porphyry and Skarn Targets • Large zone of Magnetic-destruction coincident with conductive zones and surface sericite alteration • Historic drillholes either terminated too early or drilled wide intervals of anomalous Cu-Au mineralization immediately adjacent to best
Slide 21: Hermanas Property
Hermanas Property Asset Overview New Acquisition Erovides Exposure to Large Au-Ag Vein System Hermanas Project, southern New Mexico Property Map • Newly optioned from Bud and Nick Hillemeyer and Perry Durning • Optioned by SSV to own 100% • Geology Favorable for Large Epithermal Vein System – Numero
Slide 22: Why Southern Silver?
Why Southern Silver? Ongoing Ongoing Q3-2022 Greenfields Drilling on Surface work on Preliminary Economic the CLM and Oro Hermanas toward drill Assessment properties permitting in Fall’22 1. The exploration target is conceptual in nature and relies on projections of mineralization that are beyond th
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