Plan Map of the Area of the Cerro showing the distribution of the CLM deposits and the location for new drill targeting, at the North Felsite target and El Sol concession.
  • Southern Silver (SSV) identifies new discovery on the El Sol Claim 
  • The El Sol concession is a largely gravel covered 63ha. claim located on the northwestern boundary of the Bocona block of claims
  • Drill hole 21SOL-003 is one of five holes drilled in the Autumn of 2021 to test a series of targets defined by surface mapping, rock and soil sampling
  • Drill crews will complete an additional three core holes before returning to the area of the Cerro for further drill testing
  • A total of 180 drill holes for 81,000 metres has been completed on the CLM Project with exploration expenditures of approximately US$30.0 million
  • Southern Silver Exploration Corp. (SSV) is up 3.51 per cent, trading at C$0.30 at 1:29 pm EST

Southern Silver Exploration Corp. (SSV) drilling has identified a new high-grade mineral discovery on the El Sol concession.

The El Sol concession is a large gravel-covered 63ha. claim located on the northwestern boundary of the Bocona block of claims and is adjacent to the Area of the Cerro which hosts the six mineral deposits currently identified by Southern Silver on the Cerro Las Minitas claim package.

Highlight Assays include a 0.8 metre interval grading 1,760g/t Ag, 0.9g/t Au, 23.6 per cent Pb and 1.2 per cent Zn (2,622g/t AgEq) within a 3.5 metre interval averaging 549g/t Ag, 0.3g/t Au, 8.6 per cent Pb and 3.6 per cent Zn (982g/t AgEq) from drill hole 21SOL-003

Drill hole 21SOL-003 is one of five holes drilled in the Autumn of 2021 to test a series of targets defined by surface mapping, rock and soil sampling and proximity to artisanal workings.

The highlight interval intersected down-dip of historic workings located on a northeast-southwest trending structure which has been traced on surface for up to 300 metres laterally before plunging under gravel cover.

Drill crews have mobilized back to the El Sol concession to complete an additional three core holes before returning to the area of the Cerro for further drill testing on the North Felsite target.

Two holes are planned to test down dip of 21SOL-003 and a third hole to test along strike from 13CLM-072 and an extension of the Blind – El Sol zone located in the southwestern part of the claim.

Rob Macdonald, Vice President Exploration, stated: “The identification of a new high-grade zone continues to highlight the enhanced exploration potential surrounding the known mineral deposits at Cerro Las Minitas.”

“Drilling will continue on the property through early 2022, starting with follow-up drilling on the El Sol concession before transitioning back to the North Felsite target, while the company continues work on a Preliminary Economic Assessment of the known Mineral Deposits to be completed Q2-2022,” concluded Macdonald.

Its property portfolio also includes the Oro porphyry copper-gold project located in southern New Mexico, USA, comprised of patented land, State leases and BLM mineral claims totalling 22.3 sq. km.

Targeting has been finalized for a 4,000m drill program, designed to test several copper-molybdenum porphyry and copper-gold skarn targets within a broad quartz-sericite-pyrite alteration zone interpreted to overlie an unexposed porphyry centre.

Permitting and bonding are finalized and drilling is planned to commence in the first week of February 2022.

Southern Silver continues to advance one of the world’s largest undeveloped silver/lead/zinc resources, the Cerro Las Minitas project, through advanced exploration, pre-production metallurgical and engineering work, and economic assessment.

The CLM Ag-Pb-Zn-Cu Skarn system is well located in southern Durango, Mexico, in a safe jurisdiction, surrounded by producing companies, with easy access and strong community support.

A total of 180 drill holes for 81,000 metres has been completed on the CLM Project with exploration expenditures of approximately US$30.0 million equating to exploration discovery costs of approximately C$0.09 per AgEq ounce.

Southern Silver Exploration Corp. is an exploration and development company with a focus on the discovery of mineral deposits either directly or through joint-venture relationships in mineral properties in major jurisdictions.

Southern Silver Exploration Corp. (SSV) is up 3.51 per cent, trading at C$0.30 at 1:29 pm EST.

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