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.
News for Southern Silver Exploration Corp. (SSVFF) centers on exploration results, project milestones and corporate developments related to its portfolio of silver, lead, zinc, gold and copper projects. The company’s releases frequently highlight drilling campaigns and technical updates at its 100% owned Cerro Las Minitas project in Durango, Mexico, located in the Faja de Plata.
Recent news has detailed core drilling at Cerro Las Minitas and on the contiguous Puro Corazon claim, including assays from near-surface and deeper polymetallic intervals. These updates describe replacement-style and skarn-hosted mineralization, silver equivalent (AgEq) grades, and the relationship of new intercepts to existing deposits such as the Skarn Front, El Sol and South Skarn areas. The company also reports on proof-of-concept drilling designed to test lateral and down-dip extensions of mineralization and to enhance the economics outlined in its Preliminary Economic Assessment.
Beyond Cerro Las Minitas, Southern Silver’s news flow includes option agreements and exploration plans for the Nazas Ag-Au-Pb-Zn project in Durango, as well as progress on the Oro porphyry copper-gold project and the Hermanas gold-silver vein project in southern New Mexico, USA. Corporate updates cover annual general meeting results, board and management appointments, and incentive stock option grants under rolling stock option plans.
Investors and followers of SSVFF can use this news feed to review assay results, drilling plans, property acquisitions, technical studies and governance decisions that shape Southern Silver’s exploration and development strategy over time.
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.
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.
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) 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.
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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.