Southern Silver Announces Cerro Las Minitas Drill Program and Incentive Stock Option Grant
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.
Southern Silver Exploration Corp. (TSXV: SSVFF) ha annunciato un programma di perforazione a diamante di fino a 6.000 metri presso il suo progetto Cerro Las Minitas a Durango, Messico. Il programma mira a dimostrare le proiezioni laterali di mineralizzazione superficiale di alta qualità vicino alla infrastruttura pianificata nell'area dei Depositi Orientali. Questo potrebbe fornire tonnellate aggiuntive per estrazioni anticipate nelle operazioni minerarie future.
L'azienda prevede inoltre di testare sotto le giaciture conosciute dei depositi orientali per migliorare il potenziale delle risorse del progetto. Il progetto Cerro Las Minitas presenta attualmente un operazione di estrazione mineraria sotterranea su larga scala con una vita mineraria di 17 anni e una solida economia in una giurisdizione favorevole all'industria mineraria.
Inoltre, Southern Silver ha concesso 6.500.000 opzioni su azioni incentive a direttori, funzionari e consulenti a un prezzo di esercizio di $0,31 per azione, valido per cinque anni, soggetto al piano di opzioni su azioni della società e alle politiche della TSX Venture Exchange.
Southern Silver Exploration Corp. (TSXV: SSVFF) ha anunciado un programa de perforación de diamante de hasta 6,000 metros en su proyecto Cerro Las Minitas en Durango, México. El programa tiene como objetivo demostrar proyecciones laterales de mineralización superficial de alta ley cerca de la infraestructura planificada en el área de los Depósitos del Este. Esto podría proporcionar tonelaje adicional para una extracción anticipada en futuras operaciones mineras.
La empresa también planea probar abajo de los depósitos orientales conocidos para mejorar el potencial de recursos del proyecto. El proyecto Cerro Las Minitas cuenta actualmente con una operación de minería subterránea a gran escala con una vida útil de mina de 17 años y economía robusta en una jurisdicción amigable para la minería.
Además, Southern Silver ha otorgado 6,500,000 opciones de acciones de incentivo a directores, funcionarios y consultores a un precio de ejercicio de $0.31 por acción, válido por cinco años, sujeto al plan de opciones sobre acciones de la empresa y a las políticas de la TSX Venture Exchange.
서던 실버 탐사 공사(Southern Silver Exploration Corp.) (TSXV: SSVFF)는 멕시코 두랑고에 위치한 세로 라스 미니타스(Cerro Las Minitas) 프로젝트에서 최대 6,000미터의 다이아몬드 드릴링 프로그램을 발표했습니다. 이 프로그램은 동부 매장지 지역의 계획된 인프라 근처에 얕은 고그레이드 광물화의 수평 투영을 입증하는 것을 목표로 하고 있습니다. 이는 향후 채굴 작업에서 조기 채굴을 위한 추가 톤수를 제공할 수 있습니다.
회사는 또한 프로젝트의 자원 잠재력을 강화하기 위해 알려진 동부 매장지 아래쪽을 테스트할 계획입니다. 현재 세로 라스 미니타스 프로젝트는 대규모 지하 채굴 작업을 제공하며, 17년의 광산 수명과 채굴 친화적인 관할 구역에서의 강력한 경제성을 갖추고 있습니다.
추가적으로, 서던 실버는 이사, 임원 및 컨설턴트에게 6,500,000개의 인센티브 주식 옵션을 부여했으며, 행사가격은 주당 $0.31로 5년간 유효하며, 회사의 주식 옵션 계획 및 TSX 벤처 거래소 정책의 적용을 받습니다.
Southern Silver Exploration Corp. (TSXV: SSVFF) a annoncé un programme de forage au diamant pouvant atteindre 6 000 mètres sur son projet Cerro Las Minitas à Durango, au Mexique. Ce programme vise à démontrer des projections latérales de minéralisation de haute qualité peu profonde près de l'infrastructure prévue dans la zone des Dépôts de l'Est. Cela pourrait fournir un tonnage supplémentaire pour une extraction précoce lors des opérations minières futures.
La société prévoit également de tester sous les dépôts orientaux connus pour améliorer le potentiel en ressources du projet. Le projet Cerro Las Minitas dispose actuellement d'une opération minière souterraine à grande échelle avec une durée de vie de 17 ans et une économie robuste dans une juridiction favorable à l'exploitation minière.
De plus, Southern Silver a accordé 6 500 000 options d'achat d'actions incitatives à des directeurs, dirigeants et consultants à un prix d'exercice de 0,31 $ par action, valables pendant cinq ans, sous réserve du plan d'options d'achat d'actions de la société et des politiques de la TSX Venture Exchange.
Southern Silver Exploration Corp. (TSXV: SSVFF) hat ein Diamantbohrprogramm von bis zu 6.000 Metern für sein Projekt Cerro Las Minitas in Durango, Mexiko, angekündigt. Das Programm zielt darauf ab, laterale Projektionen von oberflächennahen hochgradigen Mineralisierungen in der Nähe der geplanten Infrastruktur im Bereich der östlichen Ablagerungen nachzuweisen. Dies könnte zusätzliche Tonnage für eine frühzeitige Extraktion in zukünftigen Bergbauoperationen bieten.
Das Unternehmen plant auch, die bekannten östlichen Ablagerungen in der Tiefe zu testen, um das Ressourcenpotenzial des Projekts zu erweitern. Das Cerro Las Minitas-Projekt verfügt derzeit über eine großangelegte Untertagebergwerksoperation mit einer Lebensdauer von 17 Jahren und solider Wirtschaftlichkeit in einer bergbaufreundlichen Gerichtsbarkeit.
Zusätzlich hat Southern Silver 6.500.000 Anreiz-Aktienoptionen an Direktoren, leitende Angestellte und Berater zu einem Ausübungspreis von 0,31 $ pro Aktie gewährt, gültig für fünf Jahre, vorbehaltlich des Aktienoptionsplans des Unternehmens und der Richtlinien der TSX Venture Exchange.
- Approval of up to 6,000 meters diamond drilling program at Cerro Las Minitas project
- Potential to increase early-stage extraction tonnage through 'Proof of Concept' drilling
- Possibility of enhancing resource potential through down-dip drilling
- Current project model features a 17-year mine life with robust economics
- None.
Vancouver, British Columbia--(Newsfile Corp. - September 25, 2024) - Southern Silver Exploration Corp. (TSXV: SSV) ("Southern Silver" or the "Company") reports that its Board of Directors has approved a program of up to 6000 metres of diamond drilling on the silver, lead, zinc Cerro Las Minitas project, Durango, Mexico. The focus of the drill program would 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 (South Skarn, Mina La Bocona and North Felsite), which also would provide additional tonnage for extraction early in any planned mining schedule. Further drilling beyond the 6000m current program would test down-dip of the known eastern deposits which could further enhance the continued resource potential of the project. The program is anticipated to commence in the coming weeks.
As currently modelled, the Cerro Las Minitas project features a large-scale underground mining operation with a 17 year mine life, robust project economics and high gross revenues in a well-located and mining-friendly jurisdiction in southeast Durango, Mexico. For more information on the details of the current economic assessment of the Cerro Las Minitas project, please refer to Southern Silver's news release dated June 10, 2024.
Incentive stock options have been granted to various directors, officers and consultants to purchase 6,500,000 common shares of the Company at an exercise price of
About Southern Silver Exploration Corp.
Southern Silver Exploration Corp. is an exploration and development company with a focus on the discovery of world-class mineral deposits either directly or through joint-venture relationships in mineral properties in major jurisdictions. Our specific emphasis is the
On behalf of the Board of Directors
"Lawrence Page"
Lawrence Page, K.C.
President & Director, Southern Silver Exploration Corp.
For further information, please visit Southern Silver's website at southernsilverexploration.com or contact us at 604.641.2759 or by email at corpdev@mnxltd.com .
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Forward-looking statements in this news release include the planned 6,000 m drill program at the Cerro Las Minitas property. These statements are based on a number of assumptions, including, but not limited to, general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the Company's projects, and the availability of financing for the Company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward-looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224644
FAQ
What is the size of the drilling program announced by Southern Silver Exploration Corp. (SSVFF) for the Cerro Las Minitas project?
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What is the current mine life projection for the Cerro Las Minitas project of Southern Silver (SSVFF)?
