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Southern Silver Exploration Corp. reports exploration and development news for a polymetallic precious-metals portfolio led by the 100% owned Cerro Las Minitas silver-lead-zinc project in Durango, Mexico. Company updates commonly cover core-drilling assays, silver-equivalent intervals, lead, zinc and copper values, and extensions of high-grade mineralization on targets such as the Puro Corazon claim.
The company also references its broader property portfolio, including the Nazas gold-silver property in Mexico and the Oro porphyry copper-gold and Hermanas gold-silver vein projects in southern New Mexico. Recurring news themes include project advancement, mineralized-zone definition, permitting activity, and public-market recognition tied to its mining-sector listing.
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.
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Southern Silver Exploration Corp. (OCTQX-SSVFF), based in Vancouver, BC, will present live at VirtualInvestorConferences.com on December 9, 2021, at 3:00 PM ET. Rob Macdonald, VP Exploration, will lead the session, allowing real-time questions from investors. The company, focusing on the Cerro Las Minitas Ag-Zn-Pb-Au project in Durango, Mexico, highlights recent achievements, including full ownership of the project and significant resource estimates (116Moz Ag, 1.9Blbs Zn). A 10,000m drill program is underway, targeting a PEA by Q2 2022.
Southern Silver Exploration (TSX.V-SSV/OTCQB-SSVFF) will present live at VirtualInvestorConferences.com on February 17th at 12:30 ET. The event allows investors to ask questions in real-time and will provide an archived webcast for those who miss it. Recent highlights include the ongoing 10,000m drill program, aiming for a 30% resource increase and a target of +350Mozs AgEq. The company is focused on developing the Cerro las Minitas project in Durango, Mexico.