Southern Silver Exploration SSV CLM 1

Southern Silver Exploration (SSV.V) has mobilized a second drill rig at the Cerro Las Minitas project in Mexico to figure out the real extents of the CLM project. We already know Cerro Las Minitas hosts a large bulk tonnage polymetallic resource, but this second drill rig will be targeting epithermal gold-silver veins in the CLM West claims which were staked last year.

The company is initially planning to complete 2000 meters of core drilling on drill targets that were defined after analyzing 6,000 samples and completing an extensive mapping program. The drill program appears to have a relatively high chance of success to effectively encounter the veins (Southern Silver will start drilling on veins that are exposed on surface), but the main question is obviously what grade these veins will be carrying (the samples of these veins contained the so-called pathfinder minerals (Arsenic, Mercury and Antimony) so the jury is out on whether or not these veins might contain economic-grade gold and silver mineralization like the veins at Avino Silver and Gold (ASM) and Hecla Mining (HL) whose operations are respectively 8 and 50 kilometers away from Cerro Las Minitas).

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The author has a long position in Southern Silver. Southern Silver is a sponsor of the website. Please read the disclaimer

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