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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: | 5/9/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-5-2019: Southern Silver Exploration Corp. announces a Resource Estimation report for its Cerro Las Minitas deposit at the Cerro Las Minitas project. Updated mineral resource estimate at the project. Four separate mineral deposits were modelled in the re | |
| Resources: | (Resource): 11.1Mt @ 375g/t AgEq (Ind.) and 12.844Mt @ 334g/t AgEq (Inf.) | |
| CP/QP: | [Resources]: Garth Kirkham (Kirkham Geosystems Ltd.) | |
| ABSTRACT: | 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 are traced for over 1300 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 and has been drilled along an approximate 1100 metre strike length and to depths of up to 1000 metres. KGL suggests that an underground mining scenario is appropriate for the project at this stage and has recommended a 175g/t AgEq cut-off value for the base-case resource estimate. Also listed are grade-tonnage sensitivities at 150g/t, 175g/t, 250g/t, and 350g/t AgEq cut-off values (see Table 2 above) which demonstrate both a significant increase in contained precious and base-metals at lower cut-off values and good tonnage and grade retention at incrementally higher cut-off values. A NI 43-101 Technical Report will be posted on SEDAR within 45 days. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Inferred Resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be classified as Mineral Reserves. There is no assurance that any part of the Inferred Resource will be converted to Measured or Indicated Mineral Resources or ultimately converted to a Mineral Reserve. | |
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