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Southern Silver Exploration Corp. reported today that it has identified Bonanza-grade silver mineralization on a second target within the Mina La Bocona zone at the Cerro Las Minitas project, Durango. Drilling on the East side of the Cerro tested the down-dip projection of the La Bocona Chimney which was historically mined by artisanal miners to approximately 210 metres depth. Bonanza grade assays from drill hole [...]
Southern Silver Exploration Corp. reported today further intervals of gold-enriched oxide and sulphide mineralization in step out drilling as well as a significant downhole extension of earlier reported high-grade, silver-enriched polymetallic sulphide mineralization in drill hole 20CLM-125 at the Mina La Bocona zone, Cerro Las Minitas project, Durango Mexico. New assay results from drill hole 20CLM-125 have extended an [...]
Southern Silver Exploration Corp. reported today further assay results from its 10,000 metre 2020-21 core drilling program on the Cerro Las Minitas project, Durango State, Mexico. These early results from the Mina La Bocona target include a near surface interval of strongly gold-enriched oxidized mineralization and a deeper poly-metallic sulphide zone from hole 20CLM-125 which returned: a 28.5m down hole interval [...]
Southern Silver Exploration Corp. reported today further assay results from its 10,000 metre 2020-21 core drilling program nearing completion on the Cerro Las Minitas project, Durango State, Mexico. Results include strongly silver-enriched semi-massive to massive sulphide mineralization in the South Skarn target in two diamond drill holes which returned: a 15.6m down hole interval averaging 172g/t Ag, 3.8% Pb and 3.7% Zn [...]
Southern Silver Exploration Corp. reported today initial assay results from its 10,000 metre 2020-21 core drilling program on the Cerro Las Minitas project, Durango State, Mexico which included intervals of strongly silver-enriched semi-massive to massive sulphide mineralization in drill hole 20CLM-119. Assay highlights include: a 9.0m down hole interval averaging 625g/t Ag, 11.8% Pb and 7.5% Zn including a higher grade [...]
Southern Silver Exploration Corp. reported today that crews have mobilized in preparation for the start of the 2020-21 drill campaign on the Cerro Las Minitas Project , Durango, Mexico. Commencement of exploration follows the closing of the transaction with Electrum Global Holdings L.P. to acquire Electrum's 60% indirect working interest in the CLM Project and the closing of previously announced private placements with [...]
Southern Silver Exploration Corp. reported that it has closed the transaction with Electrum Global Holdings L.P. to acquire Electrum's 60% indirect working interest in the Cerro Las Minitas project located in Durango. As consideration for the acquisition, Southern Silver must pay Electrum an aggregate US$15 million in a combination of cash and common shares, of which US$5 million and 2,336,590 common shares have now been [...]
Southern Silver Exploration Corp. reports that it has closed the recently announced non-brokered private placement for 1,200,000 units at a price of $0.38 per Unit for gross proceeds of $456,000. Each Unit consists of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of three years at an exercise price of $0.50 per share. The common shares [...]
Southern Silver Exploration Corp. reported that the following directors were re-elected at its annual general meeting held on September 4, 2020: Lawrence Page, Q.C., D. Roger Scammell, Eugene Spiering, Nigel Bunting, Larry Buchanan, Peter Cheesbrough, Gina Jones and Donald Head. In addition, the shareholders re-appointed Smythe LLP, Chartered Accountants, as auditor of Southern Silver and approved Southern Silver's [...]
Southern Silver Exploration Corp. plans to issue up to 1,200,000 units in a non- brokered private placement at a price of $0.38 per Unit to raise $456,000. Each Unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of three years at an exercise price of $0.50 per share. Net proceeds from the private placement will be used [...]
Southern Silver Exploration Corp. reports that, in conjunction with the previously announced Transaction to acquire an additional 60% indirect working interest in the Company's flagship Cerro Las Minitas project, it has closed the C$10 Million brokered offering of subscription receipts and has issued a total of 50,000,000 Brokered Subscription Receipts at a price of C$0.20 per Brokered Subscription Receipt for gross [...]