Southern Silver Intersects 4.6 metres Averaging 201g/t Ag, 4.5% Pb and 9.8% Zn (557g/t AgEq) at Cerro Las Minitas Project in Durango, México
Southern Silver Intersects 4.6 metres
Averaging 201g/t Ag, 4.5% Pb and 9.8% Zn
(557g/t AgEq) at Cerro Las Minitas Project in
Durango, México
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2026) -
Southern Silver Exploration Corp.
(TSXV: SSV) (OTCQX: SSVFF) (the "Company" or "Southern Silver") reports the final assays from
drilling on the Puro Corazon claim which continues to extend mineralization to depth and identify
additional thick intervals of high-grade and strongly silver-enriched polymetallic mineralization.
Highlight assays include:
a
4.6 metre interval
averaging
201g/t Ag
, 0.1%g/t Cu,
4.5% Pb
and
9.8% Zn
(557g/t AgEq),
including a
1.5 metre interval
averaging
401g/t Ag
, 0.2% Cu,
8.9% Pb
and
22.3% Zn
(
1181g/t
AgEq
)
(1)
from drillhole
26CLM-221; and
a
9.3 metre interval
averaging
62g/t Ag
, 0.1% Cu, 0.2% Pb and
6.0% Zn
(234g/t AgEq),
including a
2.2 metre interval
averaging
135g/t Ag
, 0.2% Cu, 0.4% Pb and
13.5% Zn
(
522g/t
AgEq
)
(1)
from drillhole
26CLM-223.
(1) see AgEq calculation criteria in notes to Table 1. Intervals are reported as estimated true thickness unless otherwise indicated
Both skarn and replacement styles of mineralization are identified in these holes with several intercepts,
located well outboard of the Skarn zone, correlating with previous identified mineralization in the El Sol
structural zone.
All twenty-three of the planned holes in the current drill program are now complete and drill crews have
been demobilized from the property. Analyses from all drill holes have been reported. Sampling and
mapping within the 13 levels of the historic Puro Corazon mine workings continues with up to 212
channel samples totaling over 1300 individual samples having been collected to date. Assay results from
this sampling are being compiled and will be reported in the coming weeks.
Vice President of Exploration, Rob Macdonald stated "
The 2025-26 drill program successfully outlined
and upgraded mineralization on the Puro Corazon claim; extending mineralization within the skarn-
altered halo around the main intrusion for upwards of 400 metres laterally and to depths of up to 500
metres below surface, where it transitions into previously identified mineralization in the larger CLM
claim block. More significantly, drilling also intersected multiple bonanza-grade, replacement-styled
intercepts on the outer edge of the skarn-altered halo, potentially forming a shallow high-grade lens
outboard of the main skarn zone and starting within 200 metres of surface. This mineralization is
adjacent to existing historical mine workings and could be accessed early in a mine plan scenario."
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 and
the scalability of the mine plan. Final assay results have been received and the next steps for the
Company include:
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.
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/5344/290811_f22c06a0443cc900_002full.jpg
Figure 2: Longitudinal Section of the Puro Corazon Target, looking east. 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/5344/290811_f22c06a0443cc900_003full.jpg
Table 1: Select Assay Results from the Cerro Las Minitas project.
Drill Hole
Collar Data
From
(m)
To
(m)
Interval
(m)
Est. Tr.
Thck.
(m)
Ag
(g/t)
Au
(g/t)
Cu
(%)
Pb
(%)
Zn
(%)
AgEq
(g/t)
ZnEq
(%)
Dpt
(us$)
g*m
Notes
Az
Dip
Depth
Deg
Deg
(m)
26CLM-221
76
-54
669
230.8
234.0
3.1
2.5
36
0.0
0.1
1.2
1.7
109
4.1
116
272
26CLM-221
490.4
490.8
0.4
0.4
877
0.5
0.2
30.9
15.3
1915
71.5
2039
770
26CLM-221
500.2
505.3
5.2
4.6
201
0.0
0.1
4.5
9.8
557
20.8
582
2562
inc.
500.9
502.6
1.7
1.5
401
0.0
0.2
8.9
22.3
1181
44.1
1232
1793
26CLM-221
509.5
510.5
1.1
0.9
247
0.0
0.0
1.4
7.6
477
17.8
493
447
26CLM-221
519.3
521.0
1.7
1.5
168
0.0
0.1
2.0
12.5
547
20.4
569
831
26CLM-221
528.0
529.7
1.6
1.5
119
0.0
0.0
0.8
10.8
428
16.0
443
630
26CLM-221
598.3
602.2
3.9
3.5
18
0.0
0.0
0.0
2.7
94
3.5
98
328
inc.
600.0
601.2
1.2
1.1
34
0.0
0.0
0.1
5.7
192
7.2
199
206
26CLM-222
90
-49
618
34.3
39.0
4.8
2.8
56
0.0
0.0
1.1
0.3
87
3.3
93
242
inc.
36.0
37.5
1.5
0.9
95
0.0
0.0
2.1
0.4
148
5.5
156
129
26CLM-222
50.1
52.9
2.9
1.7
41
0.0
0.0
1.3
0.9
93
3.5
98
154
inc.
51.8
52.9
1.1
0.6
61
0.0
0.1
1.8
1.2
133
5.0
141
85
26CLM-222
558.4
559.5
1.1
0.8
127
0.0
0.2
0.5
2.9
226
8.4
238
181
26CLM-223
92
-55
550
312.0
319.9
7.9
6.0
86
0.0
0.0
0.3
0.9
118
4.4
124
710
inc.
313.2
314.5
1.3
1.0
286
0.1
0.0
0.6
0.9
324
12.1
336
322
26CLM-223
495.0
505.8
10.8
9.3
62
0.0
0.1
0.2
6.0
234
8.7
243
2172
36.5%
Dilution
inc.
495.0
497.5
2.5
2.2
135
0.0
0.2
0.4
13.5
522
19.5
544
1124
and inc.
499.4
500.4
1.0
0.9
117
0.0
0.4
0.3
22.9
764
28.5
795
658
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. He
is responsible for and approves 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/290811