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Southern Silver Exploration Corp.
Summary
| Project: | Cerro Las Minitas | |
|---|---|---|
| Deposit: | Cerro Las Minitas | |
| Location: | Mexico | |
| Commodities: | Silver-Gold-Copper-Lead-Zinc | |
| Date: | 9/6/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-9-2018: Southern Silver Exploration Corp. announces an Exploration/Drilling Update report for its Cerro Las Minitas deposit at the Cerro Las Minitas project. Drilling results incl. 18.9m @ 260g/t Ag, 0.18% Cu, 0.9% Pb, 0.1% Zn from 450.0m. Vancouver, Br | |
| Resources: | (Resource): 10.135Mt @ 356g/t AgEq (Ind.) and 8.685Mt @ 332g/t AgEq (Inf.) | |
| CP/QP: | [Overall Report]: Robert MacDonald (Not stated) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - September 6, 2018) - Southern Silver Exploration Corp. (TSXV: SSV) ("Southern Silver") reported today assay results from initial drilling on its 12,000 metre 2018 core drilling program on the Cerro Las Minitas project, Durango State, Mexico which included a thick interval of strongly silver-enriched sulphide mineralization in drill hole 18CLM-110. Highlights for drill hole 18CLM-110 include: an 18.9mdown hole interval (15.1mest. True Thickness) averaging 260g/t Ag, 0.18% Cu, 0.9% Pb and 0.1% Zn (317g/t AgEq; 8.9% ZnEq) including a higher grade 5.5minterval (4.4mest. TT) averaging 598g/t Ag, 0.4% Cu, 2.1% Pb and 0.1% Zn (720g/t AgEq; 20.3% ZnEq). The drill hole intersected an up dip projection of the Skarn Front deposit which will complement the current block model and establishes continuity between previously reported mineralized intervals in hole 13CLM-066 (9.3 metres averaging 9.4g/t Ag, 0.13% Cu and 13% Zn — 487g/t AgEq; 13.8% ZnEq; see NR-10-13, July 16, 2013) and hole 15CLM-081 (16.8 metres averaging 136g/t Ag, 0.5% Cu, 0.3% Pb and 4.5% Zn — 361g/t AgEq; 10.2% ZnEq; see NR-14-15, December 1, 2015). Furthermore, the mineralization in CLM-110 is more strongly silver enriched than the previously reported holes from this part of the deposit, reflecting a broad metal zonation within the Skarn Front which is only partially resolved. Drilling also successfully tested extensions of mineralization in the Las Victorias zone returning heavily disseminated to semimassive sulphide intervals in drill holes: Approximately 4,500 metres of drilling has been completed of an anticipated 12,000 core hole 2018 exploration program. Drilling continues with one drill focused on systematic resource expansion in the Area of the Cerro which contains the existing Mineral Resource Estimate and the second drill rig focused on new Ag-Au epithermal vein targets in the recently staked CLM West claim group. The company continues refining CLM West drill targets through surface sampling and VLF-EM surveys over specific target areas. The Cerro Las Minitas project as of January 8 th , 2018 contains an estimated Indicated Resource, at a 175g/t AgEq cut-off, of 33.6Mozs silver and 319Mlbs of lead and 813Mlbs zinc (116.1Mozs AgEq; 1.69Blbs ZnEq) and an estimated Inferred Resource of 20.7Mozs silver, 131Mlbs lead and 870Mlbs zinc (92.7Mozs AgEq; 1.35Blbs ZnEq). (1) | |
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