Southern
Silver Starts Drilling at Cerro Las Minitas
Southern
Silver Exploration Corp. (TSX.V:SSV) reported today that a preliminary 3,000 metre diamond drill program has commenced at the
Company�s Cerro Las Minitas project in Durango State, Mexico.
The 10,980 hectare project includes a 425 hectare area that has been the
subject of historic small-scale mining and a much larger unexplored gravel
covered area.
The
company said it has completed a 1,100 line kilometre
airborne magnetic survey over the property and additional IP geophysics,
which is ongoing, has developed a significant number of targets that will be
tested in the drill program. The initial program will focus on four main
target areas and will probe for both high-grade, silver-rich polymetallic replacements and copper-gold skarn targets distributed along the margins of the
central intrusion.
Limited
historical drilling on the project by Noranda (not
independently verified by Southern Silver) returned numerous intervals of
higher grade silver and base metals, including a 11.45 metre
interval (down hole) grading 123g/t silver, 1.55% lead and 7.79% zinc from
drill hole NGV-00-02 and a 1.41 metre interval
(down hole) grading 529g/t silver, 6.99% lead and 1.27% zinc from drill hole
NGV-00-06.
President
Lawrence Page noted that �only a small portion of the property is exposed and
the recent airborne and on-going surface geophysics have identified
potentially significant unexplored gravel covered targets along some of the
25 kilometre strike-length. The Cerro Las Minitas
project is ideally located in Mexico�s famed Faja
de Plata where more than three billion ounces of silver reserves/resources
have been produced and developed in multiple world-class mineral deposits,�
he said.
About
the Cerro Las Minitas property
The Cerro Las Minitas
property comprises 17 concessions which total 10,980 hectares and an
approximate 25 kilometre lineal strike length.
Mining
has been conducted on the property since colonial times and has identified
several types of silver-, lead- and zinc-enriched massive-sulphide
pipes, veins and carbonate-replacement deposits (CRDs), as well as
mineralized skarns at the margins of a large
intrusive body. The Santa Eulalia replacement
deposit (45Mt of 310g/t Ag, 7.1% Zn and 8.2% Pb)
and the skarn deposit of San Martin (60Mt of 118g/t
silver, 0.9% copper and 3.9% zinc) are examples of two major Mexican mines
occurring in similar geological environments(1). The mineralized zones at Cerro Las Minitas
have been exploited to depths of 300 metres and over
widths of 60 metres.
About
Southern Silver Exploration Corp.
Southern
Silver Exploration Corp. is an emerging precious/base metal exploration
company and a member of the Manex Resource Group; a
private company comprised of an exceptional multi-disciplinary team of
professionals with specific expertise in all the areas of exploration,
development, corporate finance and public company administration.
The company's growth strategy is to acquire, explore and develop high-quality
properties in progressive jurisdictions within North America. Its current
projects include the silver-lead-zinc Cerro Las Mintas
project, copper-gold-silver Minas de Ameca, the
porphyry copper-molybdenum Dragoon project in Arizona and the gold-silver Oro
project in New Mexico.
-30-
Robert
Macdonald (P.Geo) is a Qualified Person as defined
by National Instrument 43-101 and has reviewed and approved the technical
contents of this release.
(1)
Southern Silver advises that tonnage and grade of adjacent properties
or those used for comparative purposes may not reflect the ultimate potential
of the Cerro Las Minitas project
On behalf of the Board of Directors
�Lawrence Page�
Lawrence Page, President, Southern Silver Exploration Corp.
For further information, please visit the company�s website at southernsilverexploration.com or contact Liana Shahinian
at 1.888.456.1112 or by email at liana@mnxltd.com.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.