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's exploration work at Cerro Las Minitas underway
Southern Silver Exploration Corp. (CVE:SSV) said today that it has begun an exploration program at the silver-lead-zinc Cerro Las Minitas project in Durango State, Mexico.
The Cerro Las Minitas property, which totals 10,980 hectares with a strike length of 25 km, lies within the Faja de Plata (Belt of Silver) of north-central Mexico. Past production and current resources from this region are in excess of three billion ounces of silver.
The exploration program, which consists of airborne and ground induced polarization surveys as well as a minimum of 3,000 metres of diamond drilling, will focus on finding additional targets and extending known mineralization.
The airborne survey, which covered the entire property, has already been completed on schedule, and results are still being analyzed.
Southern Silver said the ground IP survey, which is to assist in defining the extent of the wide skarn zone, is expected to complete by the end of March. According to the company, the skarn zone contains high grade silver, lead, and zinc deposits, which were the focus of previous mining in the area.
The initial 3,000 metre drill program, which will be split into two phases, will begin next week, as the company has already received the environmental permit from the Mexican government approving the campaign. The second phase of the program will be dedicated to testing the anomalies identified in the airborne and ground surveys, Southern Silver said.
Eleven of 86 initial grab and chip samples from Cerro returned values in exccess of 100 g/t silver, including 464 g/t silver and 15.7% lead, as well as 1.16% zinc. The company also said that additional samples assayed significant gold and copper mineralization.
Separately, Southern Silver also reported today that the second drill hole on its Dragoon copper porphyry project in Arizona intersected a thick interval of veined and mineralized intrusive, which, said the company, suggests the potential for a copper-enriched mineralized system in the area.
Aside from Dragoon and Cerro Las Minitas projects, Southern Silver also owns the Oro gold-silver property in New Mexico, for which it has initiated the permitting process to drill up to 15 additional holes at the site.
