| CORRECTION FROM SOURCE: Southern Silver Expands Surface Targets on Newly Acquired Cerro Las Minitas Claims | |
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Updates Oro Geophysics Program; Extends Closing of Brokered Financing Vancouver, British Columbia--(Newsfile Corp. - July 17, 2017) - Southern Silver Exploration Corp (TSXV: SSV) ("Southern") reported today on its surface float sampling program for the newly acquired Biznagas and Los Lencho claims located contiguous to the larger Cerro Las Minitas property, Durango State, Mexico. These strategic claims were acquired and are being explored for possible epithermal vein systems, similar to productive veins at the nearby Avino Gold-Silver Mine and San Sebastian Mine which are different from the Skarn/CRD type mineralization identified at Southern's flagship project Cerro Las Minitas. Southern's current surface program has been encouraging in this regard and has returned multiple float samples with strongly anomalous values of gold (0.25 to 1.28g/t Au), silver (11.6 to 57.2g/t Ag), arsenic (132 to 1155ppm), antimony (383 to 777ppm Sb) and mercury (6.1 to 45.9ppm Hg). Anomalous samples occur in three main clusters containing elevated silver values along a 7 kilometre NW-SE transect through the two claims as well as several other smaller target areas that require additional follow-up exploration. Highlights of the sampling include: - a four square kilometre area of anomalous Ag-As-Au-Pb-Zn centered in the middle of the Biznagas claim; and
- a four kilometre-long, multi-element (Ag-Au-As-Hg) anomaly in the southern part of the claims
Sampling has been conducted throughout the two claims over the last several months. Collected samples are of mostly quartz and rhyolite float that are likely part of the Tertiary volcanic stratigraphy. Locally quartz veins contain fine black bands and limonite after fine grained sulphides. Over 750 samples have been collected as part of this initial evaluation; results from 415 samples have been received. Additional assays are pending. Systematic and detailed grid sampling on 100 metre centers continues over the southern anomalies and is pending on the other main target areas. This sampling will be the basis for subsequent drill targeting scheduled for the Fall 2017. |
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Southern Silver Exploration Corp
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EXPLORATEUR |
CODE : SSV.V |
ISIN : CA8438141043 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Southern Silver Expl. est une société d’exploration minière d'argent basée au Canada. Southern Silver Expl. détient divers projets d'exploration au Canada et au Mexique. Ses principaux projets en exploration sont ORO POLYMETALLIC PROJECT, MAGISTRAL I, PINABETE, DRAGOON, SANTO DOMINGO (EL COYOTE) et PINABETE au Mexique et RORKE LAKE PERMITS 219 AND 220 au Canada. Southern Silver Expl. est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 17,6 millions CA$ (12,9 millions US$, 12,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 07 janvier 2011 à 3,75 CA$, et son plus bas niveau récent le 22 janvier 2016 à 0,03 CA$. Southern Silver Expl. possède 85 750 000 actions en circulation. |