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 intersects 192 g/t silver at Cerro Las Minitas
Southern Silver Exploration (CVE:SSV) said Wednesday it intersected 192 grams per tonne (g/t) silver on the Blind zone of its polymetallic Cerro Las Minitas property, located 70 kilometres northeast of the city of Durango in Durango state, Mexico.
Via its ongoing drill program, Southern Silver intersected 4.5 metres grading 192 g/t silver, 0.3% copper, 5.8% lead, and 8.4% zinc, throughout a wider interval of 113 g/t silver, 0.2% copper, 3.3% lead, and 4.9% zinc over 11.7 metres, in hole 11CLM-016.
Other notable results from the three holes that the company reported today include hole 11CL-014, which returned 5.3 metres grading 54 g/t silver, 0.2% copper, 1.5% lead, and 2.8% zinc, including 100 g/t silver, 0.5% copper, 2.5% lead, and 5.2% zinc over 2.4 metres.
Hole 11CLM-013 reported 0.7 metres grading 218 g/t gold, 0.1% copper, 6.7% lead, and 5.1% zinc.
The Blind zone is the first of several buried targets that IP geophysics discovered. Drilling has now tested 325 metres of strike-length and up to 280 metres in depth on the zone, with multiple mineralized intercepts. The mineralization is open in all directions, the Vancouver, B.C.-based company said.
Of the fully-funded 13,000-metre drill program on the property, 5,466 metres have been completed to date throughout 21 holes - ten of which are on the Blind zone. Assays for four holes on the Blind zone remain pending.
The Cerro Las Minitas property consists of 17 concessions, totaling 10,980 hectares and 25 kilometres of linear strike length.
On the TSX-Venture, Southern Silver shares rose 9.09 percent to $0.12 as of 12:16 pm EDT.
