Vancouver, British Columbia - Southern Silver Exploration Corp. (TSXV: SSV) (the 'Company' or 'Southern Silver') reports assays from underground channel sampling at the Puro Corazon Mine on the Cerro Las Minitas property which returned multiple intercepts of strongly anomalous polymetallic mineralization.
Highlight assays include: 3.0 metres averaging 205g/t Ag, 0.1% Cu, 2.8% Pb and 1.9% Zn (320g/t AgEq)
3.2 metres averaging 357g/t Ag, 0.5% Cu, 3.2%Pb and 0.7% Zn (479g/t AgEq)
2.8 metres averaging 305g/t Ag, 1.2% Cu, 9.8% Pb and 6.7% Zn (757g/t AgEq)
1.0 metres averaging 631g/t Ag, 0.1% Cu, 12.7%Pb and 8.1% Zn (1097g/t AgEq)
The channel sampling is part of a larger program of underground mapping, sampling and geotechnical analyses designed to better understand the style and distribution of mineralization at the Puro Corazon target and to develop continuity between the near-surface mineralization within the underground workings and mineralization identified in recent drilling at the Puro Corazon target.
Sampling proceeded through fourteen sublevels of the underground workings and a partially completed spiral decline known as the Rampa Guadalupe. Sampling targeted areas of skarn alteration and mineralization adjacent to the Central Intrusion and along mineralized structures out-board of the main contact.
A total of 230 channels comprising 1380 individual samples were collected. Sample intervals in each channel range from 0.15m to 2.0m, with most in the 0.5m to 1.0m range and are collected individually for shipment to the lab. Channel samples are spaced every 3.0 meters and orientated perpendicular to the trend of the mineralized zone. Geological criteria were used to select sample lengths and to ensure mineralized skarn is sampled separately from footwall and hangingwall horizons. Other considerations include mineralized texture (massive sulphide vs banded vs disseminated) and that as much as possible, mineralization in other specific rock types (limestone-marble, aplite and monzonite) are sampled separately.
The Puro Corazon Mine has been operated intermittently (semi-continuously) on a small scale (50-80tpd) since the 1980s and currently comprises a partially completed spiral decline (Rampa Guadalupe) and 14 mining levels which extend 220 metres below surface. The mine is accessed by shaft and via the Rampa Guadalupe. This current disclosure details assay results down to Level 4 (of 14 sublevels). Assays from the deeper levels will be reported in a further release.
Additional work undertaken by Southern includes an underground Lidar survey of the workings (completed earlier this year), geotechnical surveys of the workings and further hydrological characterization of the area around the Puro Corazon target (in progress).
About Southern Silver Exploration Corp.
Southern Silver Exploration Corp. is an exploration and development company with a focus on the discovery of world-class mineral deposits either directly or through joint-venture relationships in mineral properties in major jurisdictions. Our specific emphasis is the 100% owned Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico's Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, Los Gatos, San Martin, Naica and Pitarrilla. We have assembled a team of highly experienced technical, operational and transactional professionals to support our exploration efforts in developing the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. Located in the same State as the Cerro Las Minitas property is the newly acquired Nazas, gold-silver property. Our property portfolio also includes the Oro porphyry copper-gold project and the Hermanas gold-silver vein project where permitting applications for the conduct of a drill program is underway, both located in southern New Mexico, USA.
Contact:
Tel: 604.641.2759
Email: corpdev@mnxltd.com
Web: southernsilverexploration.com
This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Forward-looking statements in this news release include plans to advance and develop the CLM property including updating the Mineral Resource Estimate followed by an update of the PEA. These statements are based on a number of assumptions, including, but not limited to, general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the Company's projects, and the availability of financing for the Company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions.
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