| Southern Silver Enlarges High-Grade Extension at Cerro Las Minitas Returning 6.8m (est. TT) Grading 194g/t Ag, 0.8g/t Au, 4.4% Pb, and 2.0% Zn (480g/t AgEq; 13.6% ZnEq) in Recent Drilling | |
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Vancouver, British Columbia--(Newsfile Corp. - September 6, 2017) - Southern Silver Exploration Corp. (TSXV: SSV) (OTCQB: SSVFF) (FSE: SEG1) ("Southern Silver") reported today that it has intersected the down-dip projection of two mineralized zones in the newly identified Las Victorias target located southeast of the known mineral deposits on the Cerro Las Minitas project, Durango State, Mexico. The mineral intercepts from drill hole 17CLM-105 are significant since: they confirm the extension of the Blind Zone and Skarn Front deposits to the southeast of their previously drilled extents; and they open a 500 metre strike-length of new target area for further drill testing.
Highlights from hole 17CLM-105 include: a 10.9m down hole interval (6.8m est. True Thickness) averaging 194g/t Ag, 0.8 g/t Au, 4.4% Pb and 2.0% Zn (480g/t AgEq; 13.6% ZnEq) starting at 356.9m downhole, including a higher grade 3.3m interval (2.0m est. TT) averaging 551g/t Ag, 0.8g/t Au, 11.9% Pb and 4.7% Zn (1208g/t AgEq; 34.1% ZnEq); and a 13.3m down hole interval (13.0m est. TT) averaging 105g/t Ag, 0.1% Cu, 0.5% Pb and 0.4% Zn (153g/t AgEq; 4.3% ZnEq) starting at 507.6m down hole, including a higher grade 2.5m interval (2.5m est. TT) averaging 318g/t Ag, 0.4% Cu, 1.4% Pb and 0.8% Zn (444g/t AgEq; 12.5% ZnEq).
The upper mineralized intercept in drill hole 17CLM-105 intersected approximately 4 metres of semi-massive to massive sulphide within a broader sulphide interval that correlates well with previously reported mineralization, approximately 125 metres up-dip, in hole CLM-101 (12.5m est. TT averaging154g/t Ag, 2.0g/t Au, 3.2% Pb and 3.9% Zn - 558g/t AgEq; 15.7% ZnEq). These two intercepts are believed to form part of a new southeast extension of the Blind Zone Deposit. Similarly, the lower intercept in hole CLM-105 intersected mineralization that offset previously reported intervals from drill hole 11CLM-025 (10.8m down hole of 182g/t Ag, 0.5% Cu, 1.6% Pb and 6.4% Zn) and 17CLM-101 (9.2m est. TT averaging 220g/t Ag, 0.3% Cu, 3.6% Pb and 5.4% Zn - 574g/t AgEq; 16.2% ZnEq) all of which are localized along the leading edge of the skarn surrounding the Central Intrusion (Skarn Front zone). |
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Southern Silver Exploration Corp
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EXPLORATION STAGE |
CODE : SSV.V |
ISIN : CA8438141043 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Southern Silver Expl. is a silver exploration company based in Canada. Southern Silver Expl. holds various exploration projects in Canada and in Mexico. Its main exploration properties are ORO POLYMETALLIC PROJECT, MAGISTRAL I, PINABETE, DRAGOON, SANTO DOMINGO (EL COYOTE) and CERRO LA MINITAS in Mexico and RORKE LAKE PERMITS 219 AND 220 in Canada. Southern Silver Expl. is listed in Canada and in Germany. Its market capitalisation is CA$ 17.6 millions as of today (US$ 12.9 millions, € 12.0 millions). Its stock quote reached its highest recent level on January 07, 2011 at CA$ 3.75, and its lowest recent point on January 22, 2016 at CA$ 0.03. Southern Silver Expl. has 85 750 000 shares outstanding. |