- Southern Silver (SSV) has released further assay results from the Mina La Bocona target
- Results include a 2.7-metre interval averaging 599 g/t silver, 16.9 per cent lead, and 10.2 per cent zinc
- These latest drill results are from the North Felsite chimney
- Mineralization remains open along strike and at depths below 250 metres
- The company also announced that drilling is expected to commence at its Oro project in the first quarter of 2022
- Southern Silver Exploration Corp. (SSV) is down 2.30 per cent, trading at $0.425 per share
Southern Silver (SSV) has released further assay results from the Mina La Bocona target on its Cerro Las Minitas Project.
Cerro Las Minitas is located in Durango, Mexico, and contains a mineral resource estimate of 42.1 million ounces of indicated silver resources and 73.6 million ounces of inferred silver.
The newly released polymetallic sulphide intercepts from the Mina La Bocona target area include a 2.7-metre interval averaging 599 g/t silver, 16.9 per cent lead, and 10.2 per cent zinc.
These latest drill results are from the North Felsite chimney, an area located approximately 400 metres to the northwest of the La Bocona and Mina Pina shafts along the eastern side of the Cerro.
The results have now extended the projection of mineralization beyond the newly modelled La Bocona deposit and into the North Felsite Target area.
Mineralization remains open along strike and at depths below 250 metres.
Rob Macdonald, Southern Silver’s Vice President of Exploration, commented on the results.
“These latest assay results,” said Mr. Macdonald, “demonstrate the continued exploration potential of the CLM project with drilling at the North Felsite target showing a potential promising extension to the already significant mineral resources identified in the La Bocona deposit while new target areas such as those on the EL Sol concession continue to be developed.”
“Drilling continues and further assay results are anticipated over the coming weeks,” he added.
The company also released an update on its Oro project located in southern New Mexico. Southern Silver has finalized targets for a 4,000-metre drill program that is designed to test several copper-molybdenum porphyry and copper-gold skarn targets.
Drilling is expected to commence in the first quarter of 2022.
Southern Silver is an exploration and development company with a focus on the discovery of world-class mineral deposits.
Southern Silver Exploration Corp. (SSV) is down 2.30 per cent, trading at $0.425 per share as of 2:35 pm ET.