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Southern Silver - SSVFF STOCK NEWS

Welcome to our dedicated page for Southern Silver news (Ticker: SSVFF), a resource for investors and traders seeking the latest updates and insights on Southern Silver stock.

Southern Silver Exploration Corp. (SSVFF) drives innovation in high-grade silver, lead, and zinc exploration through strategic project development in mining-friendly jurisdictions. This dedicated news hub provides investors and industry observers with essential updates on operational milestones, technical assessments, and corporate developments.

Access authoritative reporting on SSVFF's flagship Cerro Las Minitas project, Preliminary Economic Assessments (PEA), and exploration partnerships. Our curated collection features press releases detailing resource estimations, drilling results, and operational strategies aligned with NI 43-101 technical standards.

Key updates include project feasibility studies, leadership announcements, and strategic initiatives in mineral-rich regions. Bookmark this page for streamlined access to SSVFF's evolving operational narrative and technical disclosures that shape investment perspectives in the mining sector.

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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.

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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.

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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.

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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.

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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.

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Southern Silver Exploration Corp. (TSXV: SSVFF) has filed its NI 43-101 Technical Report for the updated Preliminary Economic Assessment (PEA) of its Cerro Las Minitas Project in Durango, Mexico. The PEA highlights include:

- After-tax NPV5% of $501M (C$682M) and IRR of 21.2% with a 48-month payback
- 17-year mine life with annual average plant feed of 14.3 Mozs AgEq
- LOM product sales of 194.3Mozs AgEq at an AISC of $13.23/oz AgEq sold
- Gross revenues totaling $4.47B
- Initial CapEx of $388M

The updated PEA shows significant improvements over the previous assessment, including increased production, extended mine life, and higher revenues. The company plans to initiate a 6000m drilling program in September as part of a larger 25,000-metre exploration program.

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Southern Silver announced an updated Preliminary Economic Assessment (PEA) for its Cerro Las Minitas project, highlighting a robust after-tax NPV5% of $501M and an IRR of 21.2%, with a payback period of 48 months. Increased metal prices could boost NPV5% to $876M and IRR to 30.1%.

The project spans a 17-year mine life with annual plant feed averaging 14.3 Moz AgEq, leading to gross revenues of $4.47B. Initial CapEx is estimated at $388M. The mine is located in southeast Durango, Mexico, a favorable mining jurisdiction.

Compared to the 2022 model, production, capacity, and revenue have increased by 20%, 18%, and 17% respectively. The project sees improved mine life, production schedules, and cost optimizations. The mine will use a longhole stoping method and conventional sulphide flotation for processing.

PEA assumes base metal prices of Ag $23/oz, Au $1850/oz, Cu $4.00/lb, Pb $1.00/lb, and Zn $1.25/lb. The study is preliminary, with potential risks from mining, environmental, and financial factors.

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Southern Silver Exploration to Showcase at PDAC Convention in Toronto
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Southern Silver Exploration Corp. (TSXV: SSV) Reports Enriched Rare Earth Elements in Reconnaissance Hole OR22-012 at Oro Property in New Mexico, USA
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S (TSXV: SSV) (OTCQX: SSVFF) is participating in the 121 Mining Investment Conference in London. Rob Macdonald, VP Exploration of S, will be presenting.
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