Southern Silver Stock Price, News & Analysis

Southern Silver (OTC:SSVFF) reported rush assays from initial drilling on the newly acquired Puro Corazon claim at the Cerro Las Minitas project, Durango, Mexico on Dec 1, 2025. Highlights include a 10.5 metre interval estimated true thickness averaging 560 g/t Ag, 0.1 g/t Au, 11.2% Pb, 12.3% Zn (1,115 g/t AgEq) and a 3.4 m subinterval averaging 1,067 g/t Ag (1,982 g/t AgEq), both near surface. Ten of 21 holes (~4,000 m) are complete, ~12,000 m planned. Final assays expected by end of Q1 2026 with plans to update the Mineral Resource Estimate and PEA.

Southern Silver (TSXV: SSV / OTC: SSVFF) reported results from its annual general meeting held October 23, 2025 and provided a corporate update on October 24, 2025.

Shareholders re‑appointed Smythe LLP as auditor, re‑elected all incumbent directors, approved a rolling incentive stock option plan reserving up to 10% of issued shares (subject to TSXV acceptance), and the board appointed Ramon Davila as a new director. The company granted Mr. Davila 1,000,000 options at an exercise price of $0.36 exercisable for five years under the stock option plan.

Southern Silver (OTC: SSVFF) has mobilized crews to begin an exploration and integration drill program on the newly acquired Puro Corazon claim contiguous to its Cerro Las Minitas project in Durango, Mexico (Oct 6, 2025). The program plans up to 12,000 metres of core drilling using three rigs, compilation of underground data, new sampling of historic workings and a Lidar survey.

Puro Corazon is a nine-hectare claim with an active private mine producing ~60 tonnes/day and development extending ~200 m laterally and 250 m depth. Drilling will test extensions to 450 m depth and lateral projections ~200 m, plus up to six hangingwall targets. Results will feed an updated NI 43-101 Technical Report and a PEA scheduled for Q1 2026. The company also granted 13.9M incentive stock options at $0.41 exercisable five years.

Southern Silver Exploration (TSXV: SSV) has secured an agreement to acquire the Puro Corazon mining claim, strategically located adjacent to its 100%-owned Cerro Las Minitas project in Durango, Mexico. The currently operational Puro Corazon mine produces approximately 60 tonnes of ore per day, yielding silver-lead and zinc concentrates.

The company plans to launch a 12,000-meter infill drilling program immediately, followed by an updated Technical Report and Preliminary Economic Assessment in Q1 2026. The acquisition will be executed through cash payments over a 40-month period, with no share dilution involved.

This strategic acquisition aims to enhance the Cerro Las Minitas project through improved capital efficiency, optimized mine plan sequencing, and potential throughput increases, ultimately targeting improved NPV and IRR metrics.

Southern Silver Exploration Corp (TSXV: SSV) (OTCQX: SSVFF) has announced results from its Q4 '24 'proof of concept' drilling at the Cerro Las Minitas project in Durango, Mexico. The program, consisting of six core holes totaling 2,395 metres, successfully extended silver-polymetallic mineralization around the South Skarn deposit.

Key highlights from hole 24CLM-198 include:

• 8.9 metres averaging 97g/t Ag, 0.1g/t Au, 0.7% Cu, 0.1% Pb and 0.7% Zn (222g/t AgEq)
• 4.0 metres averaging 81g/t Ag, 0.2g/t Au, 0.1g/t Cu, 0.4% Pb and 3.9% Zn (267g/t AgEq)

Notable gold-enriched intercepts include 0.9 metres averaging 124g/t Ag, 5.2g/t Au and 4.0% Pb (682g/t AgEq). The drilling program also achieved a 175-metre lateral extension through hole 24CLM-199. The company continues advancing various project aspects, including baseline data collection, hydrology, geotechnical, archaeological and land surveys.

Southern Silver Exploration Corp. (TSXV: SSV) has entered into a letter agreement to acquire the Nazas exploration project in Durango, Mexico. The company can earn a 100% interest by making cash payments of US$130,000 over 36 months and completing 8,000 metres of drilling over 4 years.

The Nazas Ag-Au-Pb-Zn property comprises 5 claims totaling 2,189 ha and is located within Mexico's Faja de Plata, just 15km east of Endeavor Silver's Pitarilla Deposit. The property features similar host stratigraphy and mineralizing systems to Pitarilla, with potential for epithermal vein, porphyry and replacement-styled mineral deposits.

Previous exploration includes geological mapping, rock and soil sampling, geophysical surveys, and 18 drill holes totaling 4,070 metres. Seven different targets have been identified, with drilling at Yerbabuena and Santa Rita targets showing strongly anomalous Au-Ag mineralization. The company plans to begin drill testing in Q3 2025.

Southern Silver Exploration has initiated a new drilling program at its Cerro Las Minitas project in Durango, Mexico. The company plans up to 6,000m of core drilling to test extensions of shallow, high-grade mineralization. The project's current mineral resource includes Indicated resources of 13.3Mt averaging 102g/t Ag, 0.07g/t Au, 0.17% Cu, 1.3% Pb, and 3.1% Zn, and Inferred resources of 23.4Mt averaging 111g/t Ag, 0.14g/t Au, 0.21% Cu, 1.1% Pb and 2.1% Zn. The drilling program aims to demonstrate shallow resource growth potential and enhance project economics, while baseline data collection and various studies are ongoing.

Southern Silver Exploration Corp. (TSXV: SSV) (OTCQX: SSVFF) announced the successful passing of all resolutions at its annual general meeting held on October 23, 2024. Shareholders approved the reappointment of Smythe LLP as auditor and the company's rolling incentive stock option plan, which reserves 10% of issued shares. The board re-elected six incumbent directors and reappointed key executive positions, including Lawrence Page as President and Robert Macdonald as VP of Exploration. Eugene Spiering has retired from the Board.

Southern Silver Exploration Corp. (TSXV: SSVFF) has announced a diamond drilling program of up to 6,000 meters at its Cerro Las Minitas project in Durango, Mexico. The program aims to demonstrate lateral projections of shallow high-grade mineralization near planned infrastructure in the Eastern Deposits area. This could provide additional tonnage for early extraction in future mining operations.

The company also plans to test down-dip of known eastern deposits to enhance the project's resource potential. The Cerro Las Minitas project currently features a large-scale underground mining operation with a 17-year mine life and robust economics in a mining-friendly jurisdiction.

Additionally, Southern Silver has granted 6,500,000 incentive stock options to directors, officers, and consultants at an exercise price of $0.31 per share, valid for five years, subject to the company's stock option plan and TSX Venture Exchange policies.