- Southern Silver (SSV) is ready to begin a diamond drilling program at its Oro Property within two weeks
- The Vancouver-based mining company has received all final permits and approvals for the property, located in New Mexico
- The property consists of patented land, New Mexico State leases, and Federal and Bureau of Land Management mineral claims
- The company plans to conduct an approximate 4,000-metre diamond drilling program to test several copper porphyry and skarn targets
- Southern Silver is unchanged, trading at $0.28 at 11:08 a.m. EST
Southern Silver (SSV) is ready to begin a diamond drilling program at its Oro Property in New Mexico within two weeks.
The Vancouver-based mining company has received all final permits and approvals from the New Mexico Mining and Minerals Division, the New Mexico State Land Office, and the Bureau of Land Management.
The property consists of patented land, New Mexico State leases, and Federal and Bureau of Land Management mineral claims.
The company plans to conduct an approximate 4,000-metre diamond drilling program to test several copper porphyry and skarn targets at the wholly owned property.
Several historic mines produced copper, lead, zinc, silver, and gold from discrete portions on the amalgamated property.
“Oro is a large district play that we have been systematically consolidating and advancing for several years, and we feel this is an opportune time to test the copper targets and potentially develop a copper resource. For several years our financing and exploration and development efforts have been concentrated at our Cerro las Minitas property in Durango Mexico where the mineral inventory of silver, lead and zinc has been increased with a Preliminary Economic Assessment currently being conducted by an independent consultant. Addition of a significant copper resource to our global mineral inventory, assuming success in our exploration program, would add a component to an inventory of metals which are increasingly in demand by manufacturers in the emerging energy storage and transmission industries,” said President Lawrence Page.
Southern Silver is unchanged, trading at $0.28 at 11:08 a.m. EST.