Southern Silver Exploration (SSV.V) has now released the final assay results from its recent drill program on the Puro Corazon claims, which are surrounded by the company’s Cerro Las Minitas project. Holes 221-222-223 were drilled relatively deep below the known workings at Puro Corazon and yielded some interesting results. Hole 221 for instance intersected 5.2 meters (4.6 meters true width) of 201 g/t silver, 0.1% copper and 14.3% ZnPb for a 557 g/t silver-equivalent result, with some additional narrower but high grade results encountered in that hole (as the table below shows).
Hole 222 (drilled close to the claim boundary) was somewhat more disappointing with lower grade results and even the deeper interval of 0.8 meters true width of 226 g/t silver-equivalent (with approximately 55% of that equivalent grade being actual silver) isn’t very exciting. But hole 223 was pretty good again with a true thickness interval of 9.3 meters containing 234 g/t silver-equivalent, but including 2.2 meters (still on a true width basis) of 522 g/t silver-equivalent directly followed by 0.9 meters of 764 g/t silver-equivalent.
The company will now incorporate all drill results in to the Cerro Las Minitas resource, which will be published later this year. The updated resource will then be the basis for an updated Preliminary Economic Assessment and we hope the consolidation of the Puro Corazon claim with the Cerro Las Minitas project will improve the efficiency and the economics of the project.
Disclosure: The author currently has no position in Southern Silver. Southern Silver Exploration is a sponsor of the website. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
