Welcome!

News Feed Item

Southern Silver Intersects 6.5m (est. TT) Grading 737g/t Ag, 8.6% Pb, and 21.8% Zn (1814g/t AgEq; 51.2% ZnEq) at Cerro Las Minitas; Extends High-Grade Blind Shoulder Mineralization

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/20/17 -- Southern Silver Exploration Corp. (TSX VENTURE:SSV)(OTCQB:SSVFF)(FRANKFURT:SEG1)(SSE:SSVCL) ("Southern Silver") reported today assay results from the Winter 2017 core drilling program on the Cerro Las Minitas project, Durango State, Mexico. Drilling continues to intersect intervals of heavily disseminated to massive sulphide mineralization on the Blind Shoulder zone. Highlights from core holes 17CLM-095 and 17CLM-094 include:

--  a 7.3m down hole interval (6.5m est. true thickness) averaging 737g/t
    Ag, 8.6% Pb and 21.8% Zn (1814.3g/t AgEq; 51.2% ZnEq) from 17CLM-095,
    including a higher grade 3.4m interval (3.0m est. TT) averaging 981g/t
    Ag, 11.7% Pb and 26.4% Zn (2327.9g/t AgEq; 65.7% ZnEq); and 
--  a 14.1m down hole interval (9.9m est. true thickness) averaging 48.6g/t
    Ag, 0.3% Pb and 3.6% Zn (186.1g/t AgEq; 5.3% ZnEq) from 17CLM-094 

These mineralized intercepts remain open laterally and reflects a flattening of the Blind Zone mineralization from a sub-vertical-orientation near surface, to a gently to moderately southwest-dipping horizon below 600m depth. Current drilling has now identified significant intervals of mineralization throughout an approximate 350m x 300m zone within the originally targeted 600m x 400m area. With approximately 4,280 metres now completed of the planned 10,000 metre US$2 million exploration program, further drilling with two core rigs will focus on continuing the systematic expansion of the Blind Shoulder mineralized zone.

Mineralization in drill hole 16CLM-095 is a continuation of earlier reported mineral intercepts in the Blind Shoulder zone and significantly, contains much higher silver grades than earlier drilling in this part of the deposit. Further drilling to delineate this high-grade silver zone is planned for this target area.

The mineralization in drill hole CLM-095 is open both down-dip to the southwest and along strike to the north and northwest and represents a 90 metre step-out from previously reported mineralization in hole 17CLM-091 (15.2 metres of 39.4g/t Ag, 0.1% Pb and 10.2% Zn; see NR- 01-17, January 19, 2017) a 190m offset from hole 13CLM-066 (9.3 metres averaging 9.4g/t Ag, 0.13% Cu and 13% Zn; see NR-10-13, July 16, 2013), and a 300 metre step-out from hole 16CLM-088 (30.4 metres averaging 107g/t Ag, 0.4% Cu, 1.1% Pb, and 2.3% Zn; see NR-14-16, June 13, 2016). The above intervals are quoted as down hole thickness.

"Assay results from this recent drilling have returned some of the better silver and base metal grades on the project to date and continues to not only expand the dimension of the Blind Shoulder target but have also yielded further improvement in potential size, quality and scope of the Cerro Las Minitas project," said Lawrence Page, Southern Silver's President. "Our focus remains to establish this rapidly evolving district into one of the most significant economic polymetallic discoveries in our industry."

Table 1: Select Composites from Fall 2016 Drilling on the Cerro Las Minitas Property

----------------------------------------------------------------------------
                                                      Est.                  
Hole #                      From      To Interval       TT       Ag       Au
                             (m)     (m)      (m)      (m)    (g/t)    (g/t)
----------------------------------------------------------------------------
                                                                            
17CLM-094                  788.8   802.9     14.1      9.9     48.6     0.01
                    inc.   788.8   798.6      9.8      6.8     65.2     0.01
                    inc.   794.2   798.6      4.4      3.1     92.0     0.01
Assays Pending from lower part of hole                                      
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
17CLM-095                  575.5   579.3      3.8      2.9     26.8     0.02
          inc.             575.5   576.1      0.6      0.5    115.0     0.01
                                                                            
17CLM-095                  691.3   700.3      9.0      8.0    601.6     0.05
                    inc.   693.0   700.3      7.3      6.5    736.9     0.05
                    inc.   693.0   696.3      3.4      3.0    981.0     0.05
Assays pending from lower part of hole                                      
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Hole #                        Cu     Pb      Zn   AgEq    ZnEq      Comments
                             (%)    (%)     (%)  (g/t)     (%)              
----------------------------------------------------------------------------
                                                                            
17CLM-094                   0.01    0.3     3.6  186.1     5.3  38% Dilution
                    inc.    0.02    0.3     5.0  253.0     7.1              
                    inc.    0.02    0.4     7.1  361.0    10.2              
Assays Pending from                                                         
 lower part of hole                                                         
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
17CLM-095                   0.02    0.5     3.0  154.7     4.4  61% Dilution
          inc.              0.01    3.0     7.4  478.8    13.5              
                                                                            
17CLM-095                   0.05    7.1    17.9 1487.9    42.0              
                    inc.    0.06    8.6    21.8 1814.3    51.2              
                    inc.    0.08   11.7    26.4 2327.9    65.7              
Assays pending from                                                         
 lower part of hole                                                         
----------------------------------------------------------------------------

Analyzed by FA/AA for gold and ICP-AES by ALS Laboratories, North Vancouver, BC. Silver (greater than 100ppm), copper, lead and zinc (greater than 1%) overlimits assayed by ore grade ICP analysis, High silver overlimits (greater than 1500g/t Ag) and gold overlimits (greater than 10g/t Au) re-assayed with FA-Grav. High Pb (greater than 20%) and Zn (greater than 30%) overlimits assayed by titration. AgEq and ZnEq were calculated using average metal prices of: US$18.2/oz silver, US$1240/oz gold, US$2.8/lbs copper and US$0.91/lbs lead and US$0.94/lbs zinc. AgEq and ZnEq calculations did not account for relative metallurgical recoveries of the metals. Ore-grade composites calculated using a 80g/t AgEq cut-off and less than 20% internal dilution, except where noted; anomalous intercepts calculated using a 10g/t AgEq cut-off.

Cerro Las Minitas Project

Exploration on the company's flagship Cerro Las Minitas property, Durango Mexico is funded by Electrum Global Holdings L.P. ("Electrum"), which has financed a broad range of exploration activities and has earned a 60% interest in the project through a US$5.0M earn-in on the property, with Southern Silver acting as operator.

The Cerro Las Minitas project contains an estimated Inferred Resource of 17.5Mozs silver and 237Mlbs of lead and 626Mlbs zinc (77.3Mozs AgEq) and an estimated Indicated Resource of 10.8Mozs silver, 189Mlbs lead and 207Mlbs zinc (36.5Mozs AgEq).(1)

A total of 93 drill holes for 37,255 metres have been completed on the Cerro Las Minitas project with exploration expenditures of approximately US$8.6 million spent through to the end of 2016.

To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/ssv0320fig1.pdf.

About Southern Silver Exploration Corp.

Southern Silver Exploration Corp. is a precious metal exploration and development company with a focus on the discovery of world-class mineral deposits in north-central Mexico and the southern USA. Our specific emphasis is the 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, 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, along with our partner, Electrum Global Holdings LP, the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. The Company engages in the acquisition, exploration and development either directly or through joint- venture relationships in mineral properties in major jurisdictions. Our property portfolio also includes the Oro porphyry copper-gold project located in southern New Mexico, USA.

(1)  The 2016 Cerro Las Minitas Resource Estimate was prepared following CIM
     definitions for classification of Mineral Resources. Resources are     
     constrained using mainly geological constraints and approximate 10g/t  
     AgEq grade shells. The block models are comprised of an array of blocks
     measuring 10m x 2m x 10m, with grades for Au, Ag, Cu, Pb, Zn and AgEq  
     values interpolated using ID2 weighting. The models identified at a    
     150g/t AgEq cut-off, an indicated resource of 3,724,000 tonnes         
     averaging 90g/t Ag, 0.05g/t Au, 2.3% Pb, 2.5% Zn and 0.09% Cu and a    
     cumulative inferred resource of 6,611,000 tonnes averaging 82g/t Ag,   
     0.17g/t Au, 1.6% Pb, 4.3% Zn and 0.2% Cu. Mineral Resource cut-offs are
     estimated using an average long-term price of $15/oz silver, $1,100/oz 
     gold, $2.75/lb Cu, $0.90/lb lead and $0.90/lb zinc and metal recoveries
     of 82% silver, 86% lead and 80% zinc. AgEq calculations did not account
     for relative metallurgical recoveries of the metals. All prices are    
     stated in $USD. Mineral Resources are conceptual in nature and as such 
     do not have demonstrated economic viability.                           
                                                                            
     The current Resource Estimate was prepared by Garth Kirkham, P.Geo. of 
     Kirkham Geosciences Ltd. who is the Independent Qualified Person       
     responsible for presentation and review of the Mineral Resource        
     Estimate.                                                              

Robert Macdonald, MSc., P.Geo, is a Qualified Person as defined by National Instrument 43-101 and responsible for the supervision of the exploration on the Cerro Las Minitas Project and for the preparation of the technical information in this disclosure.

On behalf of the Board of Directors

Lawrence Page, Q.C., President & Director, Southern Silver Exploration Corp.

For further information, please visit Southern Silver's website at www.southernsilverexploration.com.

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 may contain 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. 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. Southern Silver Exploration Corp. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

Contacts:
Southern Silver Exploration Corp.
604.641.2759
[email protected]
www.southernsilverexploration.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
As many know, the first generation of Cloud Management Platform (CMP) solutions were designed for managing virtual infrastructure (IaaS) and traditional applications. But that's no longer enough to satisfy evolving and complex business requirements. In his session at 21st Cloud Expo, Scott Davis, Embotics CTO, explored how next-generation CMPs ensure organizations can manage cloud-native and microservice-based application architectures, while also facilitating agile DevOps methodology. He expla...
The past few years have brought a sea change in the way applications are architected, developed, and consumed—increasing both the complexity of testing and the business impact of software failures. How can software testing professionals keep pace with modern application delivery, given the trends that impact both architectures (cloud, microservices, and APIs) and processes (DevOps, agile, and continuous delivery)? This is where continuous testing comes in. D
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
"I focus on what we are calling CAST Highlight, which is our SaaS application portfolio analysis tool. It is an extremely lightweight tool that can integrate with pretty much any build process right now," explained Andrew Siegmund, Application Migration Specialist for CAST, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Digital transformation is about embracing digital technologies into a company's culture to better connect with its customers, automate processes, create better tools, enter new markets, etc. Such a transformation requires continuous orchestration across teams and an environment based on open collaboration and daily experiments. In his session at 21st Cloud Expo, Alex Casalboni, Technical (Cloud) Evangelist at Cloud Academy, explored and discussed the most urgent unsolved challenges to achieve f...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices t...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, discussed how given the magnitude of today's application ...