Southern Silver Exploration Corp. 2016 Drilling at Cerro Las Minitas Identifies New Mineralized Extension and Continuity of Contact Skarn
VANCOUVER, BRITISH COLUMBIA – Southern Silver Exploration Corp. (TSX VENTURE:SSV) (OTCQB:SSVFF) (FRANKFURT:SEG1) (SSE:SSVCL) (“Southern Silver”) reported today 2016 drilling on its Cerro las Minitas project has successfully identified a new mineralized extension on the project and continues to demonstrate the continuity of contact skarn around the margin of the central intrusion each of which could significantly expand the overall size of the project.
A total of 3236 metres of core drilling was completed in the 2016 Phase I program, consisting of three new holes which tested the lateral and depth extensions of the Blind and El Sol deposits on the west side of the Central Intrusion as well as an extension of hole CLM-001 which tested down dip and along strike of the Mina La Bocona zone located on the eastern side of the Central Intrusion.
Drill results identified a thick interval of continuous polymetallic semi-massive and massive sulphide mineralization in drill hole 16CLM-088 which forms part of a new, previously unrecognized, extension of the Blind and El Sol deposits. The mineralization occurs in skarn at the contact with the Central Intrusion, at depth and well outboard of the known deposits and appears to flatten into a sub-horizontal orientation in this area. Geological modelling has outlined a 450 metre by 450 metre gently-dipping target area to the west of the main intrusive neck which is partially constrained by thick mineralized intercepts from previously reported holes including:
- a 30.4m down hole interval averaging 107.4g/t Ag, 0.40% Cu, 1.1% Pb and 2.3% Zn (275g/t AgEq) in drill hole 16CLM-088 (see NR-14-16; June 13, 2016);
- a 7.6m down hole interval averaging 43g/t Ag, 1.1g/t Au, 0.3% Cu, 0.5% Pb and 2.8% Zn (270g/t AgEq) in drill hole 15CLM-081 (see NR-14-15; Dec 1, 2015); and
- a 55.2 metre down hole interval averaging 41g/t silver, 0.7% lead and 5.3% zinc (202g/t AgEq) in drill hole 13CLM-066 (see NR-17-13, October 24, 2013)
Delineation of this target area is a high priority for future drilling on the property which if successful could have a significant positive impact on the cumulative mineral resources of the project. This target remains to be tested and neither the lateral dimension nor thickness of mineralization has been confirmed at this time.