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 150 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.
Freeport-McMoRan Exploration Corporation has been funding and directing exploration on the property pursuant to an earn-in agreement since October 2012. FMEC can earn a 70% indirect interest in the project by making staged purchase payments and funding exploration and development expenditures of $25 million on the project over a ten year period.
Since execution of the earn-in agreement, FMEC has conducted soil and vegetation geochemistry and geophysical surveys over the 15,125 hectare property and is currently exploring with diamond drilling utilizing two core rigs in order to advance the project quickly through this initial discovery and evaluation stage.
The Company continues to advance the Oro property, New Mexico, USA through a January 2013 option agreement with Desert Star Resources by which Desert Star may earn up to a 70% interest in the Oro Property, New Mexico by making a cash payment of $150,000 by August 1, 2013, and incurring $3,000,000 in exploration expenditures over a 42 month period. This 1,150 hectare, gold, silver, copper, lead and zinc property feature a classic porphyry zonation over a 6 square kilometer area within the highly prospective Laramide Porphyry belt of the southern USA.
Also in Mexico, the Minas de Ameca project in Jalisco State represents an outstanding high-grade copper/gold/silver exploration opportunity on 131 square kilometres of claims located along the western margin of the Sierra Madre Occidental terrane. Geological reconnaissance has identified several strongly mineralized, copper-rich breccias located at volcanic-intrusive contacts and numerous structurally controlled, quartz-hematite vein systems which occur along an 8 km long mineralized trend extending southeast through the Magistral 1, and El Magistral properties.
In Arizona, Southern Silver’s Dragoon copper/molybdenum property is located in an area known for large copper porphyry deposits approximately 90 kilometres southwest of Tucson, Arizona.
Southern Silver Exploration Corp.: A low risk junior exploration company with substantial upside potential.