Southern Silver Extends Oxide-Gold and Sulphide Zones at Cerro Las Minitas with 6.1 Metres Averaging 344g/t Ag, 5.7% Pb and 3.9% Zn (728g/t AgEq) and 1.0 Metre Grading 1070g/t Ag, 23.3% Pb and 3.2% Zn (1,937g/t AgEq)
January 21, 2021 at 08:47 pm IST
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Southern Silver Exploration Corp. reported 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 earlier reported 19.8 metre down hole mineralized interval to a full 50.6 metres (32.2m est. TT) of semi-continuous mineralization averaging 435g/t AgEq including new higher-grade intervals of: a 9.3m down-hole interval (6.1m est. TT) averaging 344g/t Ag, 0.59g/t Au. 5.7% Pb and 3.9% Zn (728g/t AgEq; 18.5% ZnEq); a 2.2m down-hole interval (1.4m est. TT) averaging 520g/t Ag, 0.34g/t Au, 10.6% Pb and 9.8% Zn (1268g/t AgEq; 32.2% ZnEq); and a 7.5m down-hole interval (5.0m est. TT) averaging 364g/t Ag, 0.3g/t Au, 7.0% Pb and 1.8% Zn (678g/t AgEq; 17.2% ZnEq); Results from drill hole 20CLM-125 have also identified: in the sulphide zone, a relatively narrow interval of bonanza-grade silver mineralization a further 60m down hole and adjacent to the Central Intrusion which returned a 1.4m interval (1.0m est. TT) grading 1070g/t Ag, 0.09g/t Au, 23.3% Pb and 3.2% Zn (1,937g/t AgEq; 49.1% ZnEq). in the upper oxide-gold zone (first reported in NR-16-20, December 16th, 2020) an extension of the zone of mineralization to 56.8m (30.9m est. TT) averaging 0.87g/t Au and 24g/t Ag. The mineralization identified in drill hole 20CLM-125 is the second, thick sulphide zone identified in this part of the Mina La Bocona target area. It represents a 12m to 25m lateral and down dip extension of mineralization first identified in drill hole 15CLM-078 from the 2015 drilling program and opens up the additional potential for further down-dip extensions of the sulphide mineralization which will be a continued focus of drilling in this current exploration program. Results from drill hole 20CLM-127 which was cored up-dip from drill hole 20CLM-125, on the same azimuth, returned both gold-enriched oxide and deeper sulphide mineralization including: a 43.2m down-hole interval (26.5m est TT) averaging 0.37g/t Au and 26g/t Ag of shallow oxide mineralization; and a 10m down-hole interval (6.1m est TT) averaging 162g/t Ag, 0.57g/t Au, 3.2% Pb and 1.3% Zn (359gt/t AgEq; 9.1% Zn) that correlates with the deeper sulphide mineralization Assay results from drill hole 20CLM-127 complement the sulphide and oxide mineralization previously identified in both drill holes 20CLM-125 and 15CLM-078 and highlight the continued exploration potential of the sulphide mineralization to depth and of the shallow oxide mineralization laterally to the southeast. Further drilling is continuing as part of the 2020-21 program to test both of these mineralized projections. The identification of new thick zones of high-grade sulphide mineralization on the east side of the Cerro, complements the results from earlier drilling and greatly adds to the company's confidence that it can meet or exceed its exploration goals. The now expanded oxide-gold zone remains an intriguing new target for further delineation in 2021.
Southern Silver Exploration Corp. is an exploration and development company. The Company is focused on the identification of mineral deposits in major jurisdictions, advancing them either directly or through joint-venture relationships. The Company is advancing its 100% owned Cerro Las Minitas project, which is located about 70 kilometers (km) to the northeast of the city of Durango in Durango State, Mexico. The property comprises approximately 25 concessions, totaling approximately 34,450 hectares (ha), and lies within the heart of the Faja de Plata (Belt of Silver) of north central Mexico. Its property portfolio also includes the Oro porphyry copper-gold project and the Hermanas gold-silver vein project. The 2,603-hectare Oro property consists of eight patented mining claims, 272 BLM-administered Federal lode mining claims, and two New Mexico State mineral leases, covering the majority of the Eureka Mining District in Grant County, New Mexico.
Southern Silver Extends Oxide-Gold and Sulphide Zones at Cerro Las Minitas with 6.1 Metres Averaging 344g/t Ag, 5.7% Pb and 3.9% Zn (728g/t AgEq) and 1.0 Metre Grading 1070g/t Ag, 23.3% Pb and 3.2% Zn (1,937g/t AgEq)