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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: | 1/8/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-1-2018: Southern Silver Exploration Corp. announces a Resource Estimation report for its Cerro Las Minitas deposit at the Cerro Las Minitas project. Updated Mineral Resource for the project. Vancouver, British Columbia- (Newsfile Corp. - January 8, 2018 | |
| Resources: | (Resource): 10.135Mt @ 356g/t AgEq (Ind.) and 8.685Mt @ 332g/t AgEq (Inf.) | |
| CP/QP: | [Resources]: Garth Kirkham (Kirkham Geosystems Ltd.) | |
| ABSTRACT: | Vancouver, British Columbia- (Newsfile Corp. - January 8, 2018) - Southern Silver Exploration Corp. (TSXV: SSV) ("Southern") reports that Kirkham Geosystems Ltd. ("KGL") has completed an update of its independent Mineral Resource Estimate on the Cerro Las Minitas ("CLM") project in Durango State, Mexico, operated on a joint venture basis by SSV(40%) as operator and Electrum Global Holdings LP(60%). This Mineral Resource Estimate showcases the continuity of the mineralization and continued expansion of the Cerro Las Minitas project and updates the previously reported March 2016 estimate. The new Resource Estimate incorporates additional data from drilling conducted in 2016 and 2017 that has successfully delineated a major new deposit on the project and significantly increased the resource base in both the Indicated and Inferred Resource categories as well as improving the overall grade of the resource, most significantly in the Indicated category. Four separate mineral deposits were modelled in the resource update with the Blind, the El Sol and the Las Victorias deposits forming sets of sub-parallel, northwest-trending and steeply dipping mineralized zones which extend for over 1000 metres strike and up to 600 metres depth. The fourth deposit known as the Skarn Front, forms beneath the Blind, El Sol and Las Victorias deposits and is localized on the outer edge of the skarn alteration zone surrounding the Central Monzonite Intrusion. | |
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