Southern Silver Exploration

Southern Silver Exploration: Developing One of the World's Largest High-Grade Undeveloped Silver Projects

Southern Silver Exploration (TSXV:SSV,OTCQX:SSVFF) is an exploration mining company focused on creating value for shareholders from its unique silver assets.

The company’s projects are located throughout North America, strategically positioned in politically safe mining locations. Its flagship project, Cerro Las Minitas, is located in Durango, Mexico and is poised to become one of the top high-grade silver projects in the world. Southern Silver has two additional, 100-percent-owned assets, the Oro Copper-Gold Project and the Hermanas Silver Gold-Silver Project. These assets expose shareholders to additional markets beyond silver.


Company Highlights

  • Southern Silver Exploration is a silver-focused exploration company with three, 100-percent-owned projects, including an undeveloped asset that’s poised to become one of the world’s top silver mines.
  • The company’s flagship project, Cerro Las Minitas, has an indicated resource of 42.1 million ounces of silver and an inferred resource of 73.6 million ounces of silver, placing it firmly in the top five silver assets on the planet.
  • Cerro Las Minitas is located in Durango, Mexico, a safe jurisdiction that has attracted other mining companies hoping to discover prolific deposits.
  • Two additional 100-percent-owned assets expose investors to copper and gold markets.
  • Southern Silver Exploration is led by a team of experienced mining professionals who bring their specific expertise, and established relationships with local governments, to help the company.
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Southern Silver Announces the Extension of the Expiry Date of Certain Common Share Purchase Warrants

Southern Silver Announces the Extension of the Expiry Date of Certain Common Share Purchase Warrants

Southern Silver Exploration Corp. (TSXV: SSV) (the "Company" or "Southern Silver") announces that it intends to apply to the TSX Venture Exchange ("TSXV") for approval to extend the original expiry dates of an aggregate 37,300,477 share purchase warrants (the "Warrants") as follows:

Number of
Warrants
Exercise Price
per Share
Closing Date of
Private Placement
Original Expiry
Date
Proposed Amended
Expiry Date
15,597,500$0.35August 14, 2020August 14, 2023August 14, 2025
8,502,977$0.38August 14, 2020August 14, 2023August 14, 2025
1,200,000$0.50September 11, 2020September 11, 2023September 11, 2025
9,000,000$0.75June 16, 2021June 16, 2023June 16, 2026
3,000,000$0.75June 21, 2021June 21, 2023June 21, 2026

 

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Southern Silver Reports 9.1metres of 0.92% CuEq  in a Recon Hole Testing Skarn/CRD Mineralization at the Oro Project, New Mexico; Corporate Update

Southern Silver Reports 9.1metres of 0.92% CuEq in a Recon Hole Testing Skarn/CRD Mineralization at the Oro Project, New Mexico; Corporate Update

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.

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Southern Silver Provides Mineral Resource Update That Includes Newly Identified Shallow High-Grade Deposit at the Cerro Las Minitas Project

Southern Silver Provides Mineral Resource Update That Includes Newly Identified Shallow High-Grade Deposit at the Cerro Las Minitas Project

Mineral Resource Update:
Indicated 140Mozs AgEq or 2.3Blbs ZnEq: 42.7Mozs Ag, 364Mlbs Pb, and 903Mlbs Zn; and
Inferred 210Mozs AgEq or 3.5Blbs ZnEq: 80.0Mozs Ag, 571Mlbs Pb, and 1,029Mlbs Zn

Southern Silver Exploration Corp. (TSXV: SSV) ("Southern") reports that Kirkham Geosystems Ltd. has completed an update of its independent Mineral Resource Estimate ("MRE") on the Cerro Las Minitas project in Durango State, Mexico. The updated MRE significantly expands sulphide resources in the La Bocona deposit through the incorporation of the North Felsite zone into the resource model. The revised estimate utilizes the same metal pricing and metallurgical recoveries as the previous 2021 MRE, utilizes a Net Smelter Return ("NSR") cut-off, as detailed in Table 1, and reports average grades on a AgEq, ZnEq and $USt NSR basis. The Mineral Resource estimates for the South Skarn, Blind-El Sol Skarn Front and Las Victorias deposits and the small oxide resource initially estimated in 2021, remains unchanged in this current update.

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Southern Silver Continues to Identify High-grade Silver Within a 400 Metre Strike at the Cerro Las Minitas Project; Oro Cu-Au-Mo Project, Update

Southern Silver Continues to Identify High-grade Silver Within a 400 Metre Strike at the Cerro Las Minitas Project; Oro Cu-Au-Mo Project, Update

Southern Silver Exploration Corp. (TSXV: SSV) ("Southern Silver") reported assay results from its final four drill holes on the North Felsite - North Skarn targets which continues to confirm and extend silver-polymetallic mineralization on the Cerro Las Minitas project, Durango, Mexico.

Drilling tested an eastern projection of the North Skarn target at approximately 400 metres below surface. Mineralization remains open both laterally to the east and at depth and demonstrates continuity with previously drilled mineralization in the Skarn Front deposit. Drilling also tested gaps within the current drill pattern around hole 21CLM-175 (1.9m of 1530g/t AgEq; see NR-19-21).

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Southern Silver Exploration Corp. Announces Participation in Red Cloud's 2022 Fall Mining Showcase in Toronto

Southern Silver Exploration Corp. Announces Participation in Red Cloud's 2022 Fall Mining Showcase in Toronto

Southern Silver Exploration Corp. (TSXV: SSV) is pleased to announce that the company will be presenting at Red Cloud's 2022 Fall Mining Showcase. We invite our shareholders and all interested parties to join us there.

The annual conference will be hosted in-person, at the Sheraton Centre Toronto Hotel from November 9-10, 2022.

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Pan American Silver Provides Annual Exploration Update

Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American" or the "Company") provides an annual exploration update and releases new exploration drill results for its Jacobina, El Peñon, La Colorada, Huaron, Minera Florida and Timmins mines, as well as its La Colorada Skarn project.

"The success of our exploration program highlights the potential for long-term organic growth at many of our assets," said Christopher Emerson, Vice President of Exploration and Geology at Pan American. "Based on the results we were achieving in exploration this year, we increased our drill budget to over 450,000 metres for 2024. This exploration update highlights these results, and showcases the ongoing discovery of new mineralized structures in and around our existing mining operations."

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Boab Metals

Boab Metals Limited (ASX: BML) – Trading Halt

Boab Metals Limited (ASX:BML) (the “Company”) hereby requests a trading halt of its securities be granted by the ASX effective immediately, pending a release of an announcement regarding an Offtake and Project Finance Agreement. The trading halt will last until the earlier of commencement of trading on Wednesday, 11 December 2024 or the release to the market of an announcement as specified above. The Company is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt. This request was authorised for release by the Board of the Company.

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Open-pit mine.

What Makes VMS Deposits Attractive Targets?

As investors well know, there is no such thing as a sure bet with the stock market. Against a backdrop of fluctuating metals prices, volcanogenic massive sulfide (VMS) deposits may look more attractive than ever.

That’s thanks to their polymetallic content. Often containing copper, zinc, lead, silver and gold, VMS deposits can offer resource investors some cushion regarding the rise and fall of individual metals. If it’s a rough year for copper prices, for example, profits off zinc or gold might still help a VMS deposit company’s stock soar.

Furthermore, VMS deposits are an opportunity to buy into both the precious and base metals markets — two very different landscapes. The latter tends to be driven by commodities markets, while precious metals like gold and silver are often seen as safe-haven investments. The principle of diversification, then, seems built into a VMS deposit itself.

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Pan American Silver Completes the Sale of La Arena

Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ( "Pan American" ) yesterday completed the previously announced divestment of its 100% interest in La Arena S.A. ("La Arena"), which owns the La Arena gold mine as well as the La Arena II project in Peru, to Jinteng (Singapore) Mining Pte. Ltd., a subsidiary of Zijin Mining Group Co., Ltd. (collectively, "Zijin").

Under the terms of the agreement, Zijin paid US$245 million in cash consideration and granted Pan American a life-of-mine gold net smelter return royalty of 1.5% for the La Arena II project. Upon commencement of commercial production from the La Arena II project, the agreement provides for an additional contingent payment from Zijin of US$50 million in cash.

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Rows of silver bars with two bars lying on top.

ASX Silver Stocks: 5 Biggest Companies in 2024

The precious metal silver is often compared to gold due to its importance in jewellery and as a safe haven investment.

However, silver has many industrial applications too, including in electronics, automobiles, medicine and photography, and, of course, silverware.

Energy transition applications are a growing demand sector for silver — the metal is valued for its conductive capacity, which makes it particularly useful in the production of photovoltaic panels.

Silver supply has tightened in recent years as industrial demand rises. This was one of several factors that helped the silver price break through the US$30 per ounce mark in May for the first time since 2013. At that time, it also broke AU$48, setting a new all time high in Australian dollars.

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