www.southernsilverexploration.com
Southern Silver Exploration Corp. (SSV-TSX.V; SEG-FRANKFURT) is a publicly traded Canadian-based precious and base metals exploration company. The company’s management team and professional staff have expertise in the acquisition, exploration and responsible development of potential world-class mining ventures in Mexico, New Mexico and Arizona. In New Mexico, the Oro project is a 1,150-hectare gold, silver, copper, lead and zinc project with excellent potential for new discovery. Drilling of the Oro Project is currently underway with results expected in Q2 of 2010.
In Mexico the company’s gold/copper Minas de Ameca project encompasses a 320 sq. km claim package in a 25 kilometer long mineralized trend in Jalisco State and the Pinabete project, a silver-zinc-lead Carbonate Replacement Deposit (CRD) deposit located in Chihuahua State. As well, the company’s has highly-prospective projects in Arizona. The company’s Arizona project is the Dragoon copper/molybdenum property located approximately 100 kilometres southwest of Tucson.
Southern Silver to begin exploration program on Cerro Las Minitas project in Mexico
Southern Silver Exploration (TSX-V: SSV)(FSX: SEG) said Wednesday that it plans to begin an aggressive exploration program, including 3,000 metres of diamond drilling, on the Cerro Las Minitas silver project in northcentral Mexico next month.
The drilling will consist of two phases, the first of which is due to begin once the company receives environmental permits.
Eleven of 86 initial grab and chip samples on the property returned values in excess of 100g/t silver, including 464g/t silver and 15.7% lead and 1.16% zinc from a hand-cobbled sample from the Santa Nino chimney.
Southern Silver said that it also plans on conducting a geophysical program on the site, which will include an airborne magnetic survey covering the entire 10,980 hectare property - due to begin in late February.
In addition, a ground I.P. survey will also be completed to help define the extent of the wide skarn zone that contains high-grade silver, lead and zinc-rich deposits, which were the focus of previous mining in the area.
The geophysical program will cover both known areas of mineralization, and newly identified unexplored regions. The second phase of the 3,000 metre drilling program will focus on testing the anomalies found through the magnetic and I.P. surveys.
The Cerro Las Minitas property comprises 17 concessions and lies within the Faja de Plata, which is one of the largest silver producing regions in the world.
Aside from Cerro Las Minitas, Southern Silver also holds the copper-gold-silver Minas de Ameca property, the porphyry copper-molybdenum project Dragoon in Arizona and the gold-silver project Oro in New Mexico.
