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Southern Silver Exploration Corp.(TSXV:SSV) announced that drilling at its Cerro Las Minitas project continues to extend mineralized structures at its Blind Zone and El Sol deposits. The Company aims to complete a NI 43-101 compliant resource on its first set of targets by Q4, 2012.
Southern Silver Exploration Corp.(TSXV:SSV) announced that drilling at its Cerro Las Minitas project continues to extend mineralized structures at its Blind Zone and El Sol deposits. The Company aims to complete a NI 43-101 compliant resource on its first set of targets by Q4, 2012.
As quoted in the press release:
Three core holes were drilled to depths between 120 and 150 metres along the northwestern extension of the Blind zone with each hole returning multiple high-grade intercepts of silver-polymetallic mineralization.
High-grade assays include:
a 4.4 metre interval averaging 186g/t silver, 5.6g/t lead and 4.6% zinc (471g/t AgEq) from drill hole 12CLM-047,
a 0.8 metre interval grading 421g/t silver, 15.2% lead and 6.8% zinc (1030g/t AgEq) from drill hole 12CLM-045, and
a 0.5 metre interval grading 1040g/t silver, 16.7% lead and 2.9% zinc (1566g/t AgEq) from drill hole 12CLM-049.
Southern Silver, President, Lawrence Page, said:
The Blind zone mineralization was identified through IP geophysics and subsequent drilling and has validated this method of identifying mineralization below gravel cover. While present drilling is identifying mineralization in the area of the Cerro Las Minitas intrusion, large portions of the 15,000 hectare mineral claims, which are overlain with gravel cover, contain geophysical anomalies similar to the anomalies at Cerro Las Minitas and will be tested in subsequent drill programs after the nature and extent of the mineralization presently being developed at Cerro Las Minitas is fully ascertained.
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