It took a while for Southern Silver (SSV.V) to release an update on its ongoing drill program on the Cerro Las Minitas polymetallic project in Mexico, but patience has been rewarded. The company reported an interval of 18.9 meters (with an estimated true thickness of just over 15 meters) containing 317 g/t AgEq consisting of 260 g/t silver, 0.18% copper and 1% ZnPb.
This is a really interesting interval as it’s very silver-rich (compared to other zones at Cerro Las Minitas where the rock value is more evenly distributed between precious metals and base metals. This hole was drilled into an up-dip projection of the Skarn Front deposit on the SW part of the Cerro Las Minitas project.
Southern Silver also released assay results from the Las Victorias zone, but these intervals are considerably narrower (0.6 and 2 meters true width) containing 733 g/t AgEq and 257 g/t AgEq respectively and these zones show a more even distribution of precious metals and base metals mineralization.
Southern Silver has now completed in excess of a third of the 12,000 meter drill program, and two drill rigs are still working at Cerro Las Minitas. One drill rig is focusing on resource expansion at Cerro Las Minitas, whilst the second rig is zeroing in on the silver-gold epithermal veins at the CLM West zone. At CLM West, and a total of in excess of 700 meters has been drilled to test the vein structures at depth, but the drilling did not intersect any economic veins. The rig was moved and two more holes were drilled, and Southern Silver is awaiting assay results for those holes.