Southern Silver’s growth strategy is to focus on the development of quality assets, in significant mineralized trends, close to infrastructure. With this in mind, the Company is engaged in the acquisition, exploration and development of high-grade precious/base metals properties within North America. The high exploration potential of Southern Silver's projects combined with a low market capitalization, a commitment to the joint venture business model and low operating costs create an excellent opportunity for future corporate growth and an increase in shareholder value.
Southern Silver’s is continuing to advance their flagship Cerro Las Minitas silver-lead-zinc property located in Durango State, Mexico. At over 130 square kilometers in size, the project features a large land position within the prolific Faja de Plata (Belt of Silver) of northern Mexico, with historic production and resources of over three billion ounces of silver and additional potential for future “world class” discoveries.
On March 21st, 2016, the company released an initial 43-101 resource for the Cerro Las Minitas project of 10.8Mozs Ag, 189Mlbs Pb and 207Mlbs Zn (36.5Mozs AgEq) Indicated and 17.5Mozs Ag, 237Mlbs Pb and 626Mlbs Zn (77.3Mozs AgEq) Inferred(1) Click here for the full summary table. This works out to an approximate exploration cost of $0.10 per oz of silver equivalent in the ground, suggesting a fast and cost-effective upside potential which the company plans to execute in the coming years.
The Company continues to advance the Oro property, New Mexico, USA. This 100% owned 1,150 hectare, gold, silver, copper, lead and zinc property features a classic porphyry zonation over a 6 square kilometer area within the highly prospective Laramide Porphyry belt of the southern USA. Southern Silver is actively seeking a partner to finance further exploration on this property.
Southern Silver Exploration Corp.: A low risk junior exploration company with substantial upside potential
1. The current Resource Estimate was prepared by Garth Kirkham, P.Geo., of Kirkham Geosystems Ltd. CIM definitions were followed for classification of Mineral Resources. Mineral resources were constrained using mainly geological constraints and approximate 10g/t AgEq grade shells. Mineral Resources were estimated using a long-term prices of prices 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. All prices are stated in $USD. Mineral resources that are not mineral reserves do not have demonstrated economic viability.