Southern Silver Exploration Corp (TSX-V:SSV, OTCQX:SSVFF) announced that it has verified enriched Rare Earth Elements (REEs) in reconnaissance hole OR22-012, which was part of the 2022 drill program at its wholly owned Oro property in New Mexico, with results that included 0.104% Total Rare Earth Oxides (TREO) (1,045 ppm) over 10.9 metres (m) starting at 613.9m.
The exploration and development company also said it has staked 62 new claims during 2023 to cover the western extension of the buried porphyry/CRD/Skarn system associated with hole OR22-012, increasing the total Oro land package to 334 company-owned and seven leased Federal lode mining claims, two leased New Mexico State parcels, and company-owned private surface and mineral titles covering an area of about 36 square kilometers.
"The mineralization in hole OR22-012 was initially very encouraging to us because it demonstrates the importance of favorable carbonate host rocks in developing strong copper mineralization," Southern Silver Exploration consultant Joe Kizis said in a statement.
"Perhaps importantly, REEs are not enriched in other portions of the Oro property, even within well zoned, but weak, copper porphyry -style mineralization and may thus indicate the porphyry system we believe lies to the west of OR22-012 is unique compared to other porphyries on the property," he added.
As well, the company announced the appointment of Jay Oness as its vice president, corporate development.
Oness has over 25 years of corporate communications, strategic marketing and corporate development experience, while currently serving as vice president of corporate development at Malaspina-Manex Group.
Southern Silver Exploration is an exploration and development company with a focus on the discovery of world-class mineral deposits either directly or through joint-venture relationships in mineral properties in major jurisdictions.
The company’s focus is on its 100% owned Cerro Las Minitas silver-lead-zinc project in Mexico.
Contact Sean at sean@proactiveinvestors.com