Southern Silver Exploration Corp (TSX-V:SSV, OTCQX:SSVFF) has reported additional drill results from its Cerro Las Minitas project, Durango, Mexico that it says extends silver-polymetallic mineralization laterally to the east and west.
To that point, new drilling now confirms the continuity of mineralization with previously modelled mineral resources in the Mina La Bocona and the Skarn Front deposits, continues to identify gold enrichment in several hanging wall intercepts outboard of the main skarn target at the North Felsite zone and has identified high-grade copper mineralization in the North Skarn target area.
The North Felsite target is located on the eastern side of the Cerro and wraps around the northern edge of the Central intrusion where it transitions into the North Skarn target area.
READ: Southern Silver Exploration extends silver-polymetallic mineralization at North Felsite and El Sol targets at CLM project, in Mexico
"These latest drill results have now confirmed the continuity of new mineralization over an approximate 400 metre strike-length extending laterally from the Mina La Bocona to the Skarn Front deposits,” Vice President of Exploration Rob Macdonald said in a statement. “Mineralization remains open at depth in both the North Felsite and the North Skarn targets with assays from two holes, 22CLM-192 and -193, pending. Continuous to semi-continuous mineralization has now been identified around the circumference of the Central intrusion with the exception of the southwest quadrant which remains to be explored by diamond drilling."
For example, the company reported a 1.5-meter interval averaging 165 grams per ton (g/t) of silver, 0.1g/t gold, 11.5% copper, 0.1% lead and 0.4% zinc (1463g/t silver equivalent) within a 4-meter interval averaging 77g/t silver, 4.4% copper, 0.2% lead and 0.9% s\zinc (617g/t silver equivalent) from drill hole 21CLM-191.
Meanwhile, strong gold enrichment of up to 7 g/t over 0.6m has been identified in several hangingwall intercepts correlating to zones of mineralization outboard of the more typical, silver-enriched polymetallic mineralization of the main skarn horizon located adjacent to the central monzonite intrusion, the company said.
A full breakdown of the drill results can be found here.
Southern Silver is focused on its 100% owned Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico's Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, Los Gatos, San Martin, Naica and Pitarrilla.
In all, 196 drill holes for 84,872m have been completed at the asset with exploration expenditures of over US$30 million equating to exploration discovery costs of around C$0.09 per silver-equivalent ounce.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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