Southern Silver Exploration Corp. (TSXV: SSV) has announced that its Board of Directors has approved a program for up to 6000 meters of diamond drilling on the Cerro Las Minitas project in Durango, Mexico. The focus of the drill program will include an initial phase of “Proof of Concept” drilling to demonstrate further lateral projections of shallow high-grade mineralization adjacent to planned mine and mill infrastructure in the area of the Eastern Deposits. The drilling is expected to commence in the coming weeks.
The Cerro Las Minitas project is envisioned to be a large-scale underground mining operation with a 17-year mine life, strong project economics, and high gross revenues. For more information on the economic assessment of the project, please refer to Southern Silver’s news release dated June 10, 2024.
Incentive stock options have been granted to various individuals to purchase 6,500,000 common shares of the Company at an exercise price of $0.31 per share, exercisable for a period of five years, in accordance with the terms of Southern Silver’s stock option plan and the policies of the TSX Venture Exchange.
Southern Silver Exploration Corp. is an exploration and development company focused on the discovery of mineral deposits in major jurisdictions. The Company’s flagship project is the Cerro Las Minitas in Mexico, with additional projects in southern New Mexico, USA. Lawrence Page, K.C., President & Director of Southern Silver Exploration Corp., can be contacted for more information at 604.641.2759 or corpdev@mnxltd.com.
Please note that this news release contains forward-looking statements and inherent risks and uncertainties. Actual results may differ from those anticipated, and factors such as general economic conditions, regulatory approvals, and financing availability may impact the Company’s projects. The TSX Venture Exchange and its Regulation Services Provider do not accept responsibility for the accuracy of this release.
To view the original press release, please visit the source version at https://www.newsfilecorp.com/release/224644/Southern-Silver-Announces-Cerro-Las-Minitas-Drill-Program-and-Incentive-Stock-Option-Grant.
