SSV.V · 2026-03-19 12:00:00

Southern Silver Intersects 6.3 Metres Averaging 874g/t AgEq at Cerro Las Minitas Project in Durango, México

Drill Results

Southern Silver Intersects 6.3 Metres

Averaging 874g/t AgEq at Cerro Las Minitas

Project in Durango, México

Vancouver, British Columbia--(Newsfile Corp. - March 19, 2026) -

Southern Silver Exploration Corp.

(TSXV: SSV) (the "Company" or "Southern Silver") reports additional assays from drilling which further

extend mineralization on the Puro Corazon claim and continues to identify thick intervals of high-grade

and strongly silver-enriched polymetallic mineralization.

This current update includes results from five new core holes from the 2025-26 drill program and an

extension of a single hole, originally collared in 2012. The highlight assays include bonanza-grade

mineralization from a hangingwall zone that correlates with mineralization in the Blind Zone deposit

outside of the Puro Corazon claim and returned:

6.3 metre interval

averaging

395g/t Ag

, 0.8%g/t Cu,

6.8% Pb

and

10.8% Zn

(874g/t AgEq),

including a

1.5 metre interval

averaging

886g/t Ag

, 0.8% Cu,

16.3% Pb

and

30.2% Zn

(

2062g/t

AgEq

)

(1)

from drillhole

26CLM-217;

Additional highlights include results from holes which tested the Puro Corazon skarn and returned:

12.0 metre interval

averaging

138g/t Ag

, 0.1g/t Au,

2.0% Pb

and

1.6% Zn

(225g/t AgEq),

including a

3.3 metre interval

averaging

173g/t Ag

, 0.1g/t Au,

4.8% Pb

and

5.2% Zn

(

414g/t

AgEq

)

(1)

from drillhole

26CLM-42A; and

3.5 metre interval

averaging

111g/t Ag

, 0.6% Cu,

4.7% Pb

and

8.8% Zn

(484g/t AgEq),

including a

1.2 metre interval

averaging

142g/t Ag

, 0.9% Cu,

7.2% Pb

and

18.0% Zn

(

827g/t

AgEq

)

(1)

from drillhole

26CLM-220.

(1) see AgEq calculation criteria in notes to Table 1. Intervals are reported as estimated true thickness unless otherwise indicated

Mineralization in these holes is localized within the skarn-altered halo immediately adjacent to the central

intrusion or alternatively, form carbonate replacement zones, further out-board from the intrusive body at

the skarn / marble transition. Drilling continues to confirm the continuity of the mineralization which has

now been tested to depths of over 500 metres below surface.

All twenty-three of the planned holes are now complete and drill crews have been demobilized from the

property.

Analyses from twenty drill holes have been reported with further assays, including those from

underground sampling of the historic Puro Corazon workings, anticipated over the coming weeks.

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/5344/289069_d24220c884512ab6_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/5344/289069_d24220c884512ab6_003full.jpg

Table 1: Select Assay Results from the Cerro Las Minitas project.

Collar Data

Est.

Hole #

Dip

Depth

From

Interval

Tr. Thck.

AgEq

Notes

Deg

(m)

(g/t)

(%)

(g/t)

25CLM-042A

-45

381

237.3

252.0

14.8

12.0

138

0.1

0.0

2.0

1.6

225

31% Dilution

inc.

237.3

241.4

4.1

3.3

173

0.1

4.8

5.2

414

25CLM-042A

264.9

268.6

3.7

3.0

0.0

0.2

1.1

1.0

156

25CLM-216

-54.8

513

235.0

235.8

0.8

0.4

163

0.0

0.3

3.6

285

25CLM-216

285.5

295.1

9.6

5.2

0.7

0.1

1.3

1.4

163

25CLM-216

336.0

346.3

10.3

5.6

103

0.2

0.0

2.1

1.2

186

59% Dilution

inc.

337.2

338.4

1.2

0.7

357

1.4

0.1

8.0

3.7

680

and inc.

341.7

342.1

0.5

0.2

420

0.0

0.2

7.5

10.5

857

and inc.

346.0

346.3

0.3

0.2

732

0.0

15.5

0.2

1035

25CLM-216

411.0

415.6

4.6

3.0

0.0

0.2

1.4

2.4

174

inc.

414.7

415.6

0.9

0.6

200

0.1

0.7

6.1

10.0

638

25CLM-216

420.7

424.3

3.6

2.3

0.2

0.6

0.7

1.6

196

inc.

421.8

423.1

1.4

0.9

156

0.4

0.8

1.4

2.5

323

25CLM-217

-46.0

516

184.4

192.8

8.3

6.3

395

0.1

0.8

6.8

10.8

874

inc.

184.4

186.4

2.0

1.5

886

0.1

0.8

16.3

30.2

2062

25CLM-217

258.0

258.4

0.4

0.3

177

0.2

0.0

4.9

2.1

339

25CLM-217

268.0

271.3

3.4

2.5

189

0.1

0.0

1.8

1.5

269

25CLM-217

464.4

477.7

13.3

12.5

0.0

0.1

4.8

178

49% Dilution

inc.

472.9

473.8

0.9

163

0.0

0.1

0.2

31.7

1020

and inc.

476.9

477.2

0.3

137

0.0

0.1

0.2

27.1

873

25CLM-218

-64.3

399

215.2

216.7

1.5

1.1

144

0.1

0.0

3.2

0.6

227

25CLM-218

302.0

302.7

0.6

0.5

205

0.0

0.1

5.6

1.9

374

25CLM-218

305.9

306.4

0.5

0.4

167

0.0

0.2

1.2

3.7

305

25CLM-219

105

-53.0

681

64.2

66.2

2.0

1.4

0.0

0.1

2.2

3.5

225

25CLM-219

310.9

315.0

4.1

3.0

0.0

0.1

2.1

3.2

196

25CLM-219

338.2

342.3

4.2

3.1

0.0

0.1

1.3

0.7

126

25CLM-219

531.9

535.0

3.1

2.3

111

0.0

0.8

7.5

331

32% dilution

inc.

531.9

532.9

1.0

0.7

268

0.0

0.1

1.3

12.3

628

25CLM-219

585.3

586.5

1.3

0.9

0.0

0.5

3.7

158

25CLM-219

602.3

611.1

8.8

6.5

0.0

3.6

103

36% dilution

inc.

602.3

603.6

1.3

1.0

0.0

0.1

8.5

245

and inc.

608.8

609.4

0.6

0.4

0.0

0.1

0.0

15.1

422

26CLM-220

-59.0

399

112.1

115.7

3.7

2.8

0.0

0.1

3.0

6.0

320

inc.

114.4

115.7

1.3

1.0

195

0.1

0.2

5.2

10.8

598

26CLM-220

133.4

134.0

0.7

0.5

0.0

3.6

2.3

219

26CLM-220

294.3

297.1

2.9

2.5

0.0

0.2

0.5

3.0

197

inc.

294.3

294.8

0.5

0.4

0.0

0.5

0.1

13.7

467

26CLM-220

301.3

305.3

3.9

3.5

111

0.0

0.6

4.7

8.8

484

inc.

301.3

302.7

1.4

1.2

142

0.0

0.9

7.2

18.0

827

and

317.0

320.5

3.6

3.1

109

0.0

0.7

2.0

2.5

264

and

329.0

334.9

5.9

5.2

0.0

1.8

0.8

3.2

304

inc.

329.0

330.0

1.0

0.9

291

0.0

10.3

0.3

10.6

1331

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,

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.

AgEq and ZnEq calculations utilized relative metallurgical recoveries of Au 48.6%, Ag 93%, Cu 70%, Pb 87% and Zn 93%.

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.

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 mine plan. 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.

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

[email protected]

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/289069

← Back to feed