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 extends strike length at Cerro Las Minitas to over 100 metres
Southern Silver Exploration (CVE:SSV) announced Thursday it discovered new polymetallic mineralization during offset drilling at its Cerro Las Minitas property, located 70 kilometres northeast of the city of Durango in Durango state, Mexico.
Two holes were drilled as a 50-metre lateral offset to the north and south of the previously reported bonanza-grade mineralization from hole 11CLM-008, which found 3.3 metres at 8,148 grams per tonne (g/t) silver, 12.9% lead, and 10.9% zinc.
The results from these latest holes extend the strike length of the zone to over 100 metres, Southern Silver said, which remains open for up to 400 metres along strike.
Notable results include 5.0 metres grading 214 g/t silver, 0.4 g/t gold, 4.1% lead, and 5.8% zinc, including 2.8 metres of 380 g/t silver, 0.4 g/t gold, 0.1% copper, 5.8% lead, and 10.2% zinc, in hole 11CLM-011.
This hole also returned 13.6 metres at 38 g/t silver, 0.1 g/t gold, 0.1% copper, 1.6% lead, and 1.9% zinc, including 0.4 metres at 178 g/t silver, 0.1 g/t gold, 0.5% copper, 6.8% lead, and 4.8% zinc.
Meanwhile, assays from hole 11CLM-012 returned 4.4 metres of 141 g/t silver, 0.1 g/t gold, 0.5% copper, 5.0% lead, and 7.1% zinc, including 259 g/t silver, 0.1 g/t gold, 0.9% copper, 9.1% lead, and 11.8% zinc over 2.2 metres.
Southern Silver said its phase 2 drill program at the Cerro Las Minitas property is continuing. Six holes totaling 1,675 metres have been completed to date.
On the TSX-Venture Exchange, the Vancouver, B.C.-based company's stock rose 6.67% as of 2:57 pm EDT, to trade at $0.16.
