Source: The Gold Report 03/28/2017
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Recent drilling at Southern Silver’s flagship Cerro Las Minitas project in Mexico shows higher grade silver than previous drilling.
In a Mar. 20 news release, Southern Silver Exploration Corp. (SSV:TSX.V; SSVFF:OTCQB; SEG1:FSE) announced that drilling at the Blind Shoulder Zone had the following results:
a 7.3m down hole interval averaging 737g/t Ag, 8.6% Pb and 21.8% Zn from 17CLM-095, including a higher grade 3.4m interval averaging 981g/t Ag, 11.7% Pb and 26.4% Zn
a 14.1m down hole interval averaging 48.6g/t Ag, 0.3% Pb and 3.6% Zn from 17CLM-094
The company stated that with “approximately 4,280 metres now completed of the planned 10,000 metre, US$2 million exploration program, further drilling with two core rigs will focus on continuing the systematic expansion of the Blind Shoulder mineralized zone.”
Lawrence Page, president of Southern Silver, stated that “assay results from this recent drilling have returned some of the better silver and base metal grades on the project to date and continues to not only expand the dimension of the Blind Shoulder target but have also yielded further improvement in potential size, quality and scope of the Cerro Las Minitas project. Our focus remains to establish this rapidly evolving district into one of the most significant economic polymetallic discoveries in our industry.”
Southern Silver owns 70% of the Cerro Las Minitas project, and stated that it is partnering with Electrum Global Holdings LP to turn the project into “a premier, high-grade, silver-lead-zinc mine.”
In Vicarage Capital’s Mar. 13 report, analyst Martin Wood highlighted that “the company has an experienced Board of Directors and strong management team with a good track record in project exploration, discovery and development.” Wood went on to say that …read more