Southern Silver Intersects 10.4 metres Averaging 743g/t AgEq at Cerro Las Minitas Project in Durango, México
Southern Silver Intersects 10.4 metres
Averaging 743g/t AgEq at Cerro Las Minitas
Project in Durango, México
Vancouver, British Columbia--(Newsfile Corp. - January 6, 2026) -
Southern Silver Exploration Corp.
(TSXV: SSV) (the "Company" or "Southern Silver") reports assays from four holes which test the recently
acquired Puro Corazon claim including further near-surface high-grade silver mineralization in a
replacement zone sitting outside the main Skarn zone and the historic Puro Corazon workings.
Highlight assays include:
a
10.4 metre interval
averaging
365g/t Ag
, 0.1g/t Au, 0.1% Cu,
7.8% Pb
and
8.2% Zn
(743g/t
AgEq),
including a
3.9 metre interval
averaging
688g/t Ag
, 0.2g/t Au, 0.1% Cu,
17.1% Pb
and
17.1% Zn
(
1,490g/t AgEq
)
(1)
from drillhole
25CLM-205
(1) see AgEq calculation criteria in notes to Table 1. Intervals are reported as estimated true thickness unless otherwise indicated
The highlight interval is a 65 metre step-out from previously reported Bonanza-silver mineralization in drill
hole 25CLM-203 which returned
10.5 metres averaging 1,115g/t AgEq
(see NR-16-26; Dec. 1, 2025).
Both mineralized intervals exhibit a similar replacement-style of mineralization, are located on the outer
edge of the main skarn zone and may form part of a high-grade hanging wall Carbonate-Replacement
(CRD) zone outboard of the historic Puro Corazon workings.
Drilling also intersected multiple additional mineralized zones including further shallow mineralization in
drill holes 25CLM-202 and 25CLM-204 which correlate to the previously modelled and structurally
controlled mineralization in the El Sol deposit and deeper intercepts correlating to the main Skarn Front
deposit.
Other highlight assays from the first four drill holes identified shallow mineralization
(within 100 metres
of surface)
attributed to the El Sol veins including:
a
5.3 metre interval
averaging
73g/t Ag
,
2.8% Pb
and
3.4% Zn
(221g/t AgEq),
including a
1.2
metre interval
averaging
170g/t Ag
, 0.1% Cu,
8.9% Pb
and
3.7% Zn
(
449g/t AgEq
)
(1)
from drill
hole 25CLM-202; and
a
7.3 metre interval
averaging
102g/t Ag
, 0.5% Cu,
3.6% Pb
and
3.7% Zn
(
305g/t AgEq),
including a
4.0 metre interval
averaging
131g/t Ag
, 0.1g/t Au,
6.4% Pb
and
5.4% Zn (456g/t
AgEq
)
(1)
from drill hole 25CLM-204.
(1) see AgEq calculation criteria in notes to Table 1. Intervals are reported as estimated true thickness unless otherwise indicated
Several deeper intercepts correlate with the main Skarn Front deposit. These tend to be broader zones
of mineralization that can be associated with elevated copper values and include:
a
11.8 metre interval
averaging
119g/t Ag
, 0.2% Cu,
1.7% Pb
and
1.0% Zn
(194g/t AgEq),
including a
1.0 metre interval
averaging
483g/t Ag
, 0.1g/t Au, 0.2% Cu,
3.2% Pb
and 0.5% Zn
(572g/t AgEq
)
(1)
from 25CLM-205 and
a
17.9 metre interval
averaging 63g/t Ag, 0.1% Cu, 1.6% Pb and 1.4% Zn (
136g/t AgEq
).
(1) see AgEq calculation criteria in notes to Table 1. Intervals are reported as estimated true thickness unless otherwise indicated
Vice President of Exploration, Rob Macdonald stated
"These latest drill results have successfully
demonstrated: a significant step-out to previously reported, near-surface, Bonanza-grade silver
mineralization; continuity with previously modelled mineralization in the El Sol Deposit; and confirmed
deeper intercepts that correlate to the main skarn target and extends mineralization into a previously
untested area. With only the first four holes of the current drill program completed, I anticipate more
positive exploration results through the first quarter of 2026."
As of this writing, sixteen of the proposed twenty-one holes are now complete for a total of 6,820 metres,
with drilling of three holes currently in progress. Up to 12,000 metres of drilling is planned to test the Puro
Corazon claim both laterally and to depths of up to 450 metres below surface. Drilling has now resumed
on the project after a short Christmas break. The Company anticipates significant news flow from this
current drill program through Q1 2026.
Figure 1: Plan view of the drilling on the recently acquired Puro Corazon Claim.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5344/279610_815b0c79f463596c_002full.jpg
Figure 2: Longitudinal Section of the Puro Corazon Target. Note: pierce points reflect
intercepts into the main Skarn zone
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5344/279610_815b0c79f463596c_003full.jpg
Next Steps
The Company is planning to incorporate the results of the Puro Corazon drilling program into the much
larger Cerro Las Minitas project which is expected to significantly enhance the project economics. Final
assays are anticipated to be received by the end of the first quarter of 2026, after which the Company
intends to:
update the Mineral Resource Estimate of the Cerro Las Minitas project; followed by
an update of the Preliminary economic Assessment ("PEA") of the project in accordance with the
provisions of National Instrument 43-101 and
continue to advance baseline data collection and permit readiness review
The Company reports that work on the Cerro Las Minitas project continues advancing numerous upside
opportunities identified subsequent to the July 2024 PEA, while also derisking and advancing the project
with the commencement of baseline data collection, hydrology, geotechnical, archaeological and land
surveys and studies.
As currently modelled, the Cerro Las Minitas project features a large-scale underground mining
operation with robust project economics and high gross revenues in a well located and mining friendly
jurisdiction in southeast Durango, Mexico. For more information on the details of the current economic
assessment of the Cerro Las Minitas project please refer to Southern Silver's news release dated June
10, 2024.
Table 1: Select Assay Results from the Cerro Las Minitas project.
Collar Data
Hole #
Az
Dip
Depth
From
To
Interval
Est. Tr. Thck.
Ag
Au
Cu
Pb
Zn
AgEq
Notes
Deg
Deg
(m)
(m)
(m)
(m)
(m)
(g/t)
(g/t)
(%)
(%)
(%)
(g/t)
25CLM-
202
59
-47
369
47.7
54.8
7.2
4.8
70
0.0
0.1
2.1
2.1
170
50% Dilution
inc.
47.7
48.8
1.1
0.7
258
0.0
0.1
5.9
1.1
405
and inc.
53.2
54.8
1.6
1.1
58
0.0
0.2
3.0
6.6
304
25CLM-
202
59
-47
369
63.3
71.2
8.0
5.3
73
0.0
0.0
2.8
3.4
221
inc.
67.9
69.7
1.8
1.2
170
0.0
0.1
8.9
3.7
449
25CLM-
202
59
-47
369
236.0
244.6
8.7
7.0
40
0.0
0.0
1.7
2.7
148
Previously
Reported
inc.
237.0
240.0
2.9
2.4
62
0.0
0.1
3.0
5.2
266
25CLM-
202
59
-47
369
255.6
259.1
3.5
2.8
50
0.0
0.0
2.6
1.0
128
42% Dilution
inc.
255.6
256.4
0.8
0.6
104
0.0
0.0
5.1
4.1
313
25CLM-
202
59
-47
369
263.5
264.4
0.9
0.8
405
0.0
0.2
11.1
9.1
873
25CLM-
203
58
-54
399
82.1
83.1
1.0
0.7
33
0.0
0.2
0.6
1.0
82
25CLM-
203
58
-54
399
137.1
138.0
0.9
0.7
566
0.0
0.1
29.2
8.0
1348
25CLM-
203
58
-54
399
148.7
150.5
1.8
1.3
112
0.0
0.1
3.4
2.4
246
54% Dilution
inc.
150.1
150.5
0.4
0.3
466
0.0
0.1
13.9
7.5
937
25CLM-
203
58
-54
399
244.7
258.0
13.4
10.5
560
0.1
0.1
11.2
12.3
1115
Previously
Reported
inc.
244.7
249.0
4.3
3.4
1067
0.2
0.2
20.0
19.1
1982
25CLM-
203
58
-54
399
262.7
266.0
3.4
2.6
143
0.0
0.1
4.8
1.5
280
Previously
Reported
;
68.6% Dilution
inc.
262.7
263.0
0.4
0.3
396
0.0
0.0
7.2
5.8
691
and inc.
265.3
266.0
0.7
0.6
443
0.1
0.3
17.6
3.6
903
25CLM-
203
58
-54
399
279.5
302.2
22.7
17.9
63
0.0
0.1
1.6
1.4
136
22% Dilution
inc.
279.5
285.7
6.2
4.9
124
0.0
0.1
3.5
2.7
273
25CLM-
203
58
-54
399
325.3
327.2
1.9
1.5
32
0.0
0.5
0.2
2.1
128
25CLM-
204
78
-54
360
59.5
65.5
6.1
4.0
120
0.0
0.2
3.5
4.5
323
inc.
61.2
65.0
3.9
2.5
176
0.0
0.3
4.7
6.2
452
25CLM-
204
78
-54
360
84.9
96.0
11.1
7.3
102
0.0
0.5
3.6
3.7
305
inc.
84.9
91.0
6.1
4.0
131
0.0
0.8
6.4
5.4
456
25CLM-
204
78
-54
360
107.9
117.3
9.5
6.2
25
0.0
0.1
1.0
1.0
76
25CLM-
204
78
-54
360
260.6
264.1
3.5
3.0
171
0.0
0.1
2.2
3.7
324
43% Dilution
inc.
263.6
264.1
0.5
0.4
724
0.1
0.5
6.8
21.6
1471
25CLM-
204
78
-54
360
277.2
280.4
3.2
2.7
55
0.0
0.0
2.4
2.4
168
36% Dilution
279.2
280.4
1.2
1.0
104
0.0
0.0
4.6
4.8
324
25CLM-
204
78
-54
360
294.0
296.5
2.6
2.2
131
0.0
0.1
3.2
1.3
234
25CLM-
204
78
-54
360
305.2
305.7
0.5
0.4
82
0.0
0.1
2.4
5.1
271
25CLM-
205
83
-58
369
26.0
26.4
0.4
0.3
58
0.0
0.0
1.4
1.0
113
25CLM-
205
83
-58
369
148.5
150.0
1.6
1.0
462
0.0
0.0
0.5
0.2
479
25CLM-
205
83
-58
369
213.0
221.5
8.5
7.0
57
0.0
0.0
2.0
1.8
147
38% Dilution
inc.
219.7
221.5
1.8
1.4
213
0.0
0.0
7.3
5.5
505
25CLM-
205
83
-58
369
226.3
239.0
12.7
10.4
365
0.1
0.1
7.8
8.2
743
inc.
234.2
239.0
4.8
3.9
688
0.2
0.1
17.1
17.1
1490
25CLM-
205
83
-58
369
246.7
261.0
14.3
11.8
119
0.0
0.2
1.7
1.0
194
21% Dilution
inc.
254.8
256.1
1.3
1.0
483
0.1
0.2
3.2
0.5
572
25CLM-
205
83
-58
369
267.1
275.5
8.4
6.9
36
0.0
0.8
0.0
0.6
115
25CLM-
205
83
-58
369
290.4
299.1
8.7
7.1
32
0.0
0.3
0.4
1.9
110
inc.
294.0
294.7
0.7
0.6
175
0.0
1.5
0.6
8.2
519
1)
Analyzed by FA/AA for gold and ICP-AES by ALS Laboratories, North Vancouver, BC. Silver (>100ppm), copper, lead and zinc (>1%) overlimits
assayed by ore grade ICP analysis,
2)
High silver overlimits (>1500g/t Ag) and gold overlimits (>10g/t Au) re-assayed with FA-Grav. High Pb (>20%) and Zn (>30%) overlimits assayed
by titration. AgEq and ZnEq were calculated using prices of $2,800/oz Au, $32/oz Ag, $4.50/lb Cu, $0.95/lb Pb and $1.25/lb Zn.
3)
AgEq and ZnEq calculations utilized relative metallurgical recoveries of Au 48.6%, Ag 93%, Cu 70%, Pb 87% and Zn 93%.
4)
Composites are calculated using a 80g/t AgEq cut-off in sulphide and 0.5g/t AuEq in the oxide gold zone. Composites have <20% internal dilution,
except where noted; anomalous intercepts are calculated using a 10g/t AgEq cut-off.
About Southern Silver Exploration Corp.
Southern Silver Exploration Corp. is an exploration and development company with a focus on the
discovery of world-class mineral deposits either directly or through joint-venture relationships in mineral
properties in major jurisdictions. Our specific emphasis is the 100% owned Cerro Las Minitas silver-
lead-zinc project located in the heart of Mexico's Faja de Plata, which hosts multiple world-class mineral
deposits such as Penasquito, Los Gatos, San Martin, Naica and Pitarrilla. We have assembled a team
of highly experienced technical, operational and transactional professionals to support our exploration
efforts in developing the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine.
Located in the same State as the Cerro Las Minitas property is the newly acquired Nazas, gold-silver
property. Our property portfolio also includes the Oro porphyry copper-gold project and the Hermanas
gold-silver vein project where permitting applications for the conduct of a drill program is underway, both
located in southern New Mexico, USA.
Robert Macdonald, MSc. P.Geo, is a Qualified Person as defined by National Instrument 43-101 and
supervised directly the collection of the data from the CLM project that is reported in this disclosure and
is responsible for the presentation of the technical information in this disclosure.
On behalf of the Board of Directors
"Lawrence Page"
Lawrence Page, K.C.
President & Director, Southern Silver Exploration Corp.
For further information, please visit Southern Silver's website at
southernsilverexploration.com
or contact
us at 604.641.2759 or by email at
.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This news release contains forward-looking statements. Forward-looking statements address future
events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ
materially from those currently anticipated in such statements. Forward-looking statements in this
news release include plans to advance and develop the CLM property including updating the Mineral
Resource Estimate followed by an update of the PEA. These statements are based on a number of
assumptions, including, but not limited to, general economic conditions, interest rates, commodity
markets, regulatory and governmental approvals for the Company's projects, and the availability of
financing for the Company's development projects on reasonable terms.
Factors that could cause
actual results to differ materially from those in forward looking statements include the timing and
receipt of government and regulatory approvals, and continued availability of capital and financing
and general economic, market or business conditions.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/279610