Southern Silver Acquires Right to Purchase Key Mining Claim Contiguous to Its Cerro Las Minitas Property in Durango, Mexico
Southern Silver Exploration (TSXV: SSV) has secured an agreement to acquire the Puro Corazon mining claim, strategically located adjacent to its 100%-owned Cerro Las Minitas project in Durango, Mexico. The currently operational Puro Corazon mine produces approximately 60 tonnes of ore per day, yielding silver-lead and zinc concentrates.
The company plans to launch a 12,000-meter infill drilling program immediately, followed by an updated Technical Report and Preliminary Economic Assessment in Q1 2026. The acquisition will be executed through cash payments over a 40-month period, with no share dilution involved.
This strategic acquisition aims to enhance the Cerro Las Minitas project through improved capital efficiency, optimized mine plan sequencing, and potential throughput increases, ultimately targeting improved NPV and IRR metrics.
Southern Silver Exploration (TSXV: SSV) ha assicurato un accordo per l'acquisizione della miniera Puro Corazon, strategicamente situata adiacente al progetto Cerro Las Minitas di proprietà al 100% a Durango, Messico. Attualmente operativa, la miniera Puro Corazon produce circa 60 tonnellate di minerale al giorno, fornendo concentrati d'argento, piombo e zinco.
L'azienda intende avviare immediatamente un programma di trivellazione di infill di 12.000 metri, seguito da un aggiornamento del Technical Report e dalla Preliminary Economic Assessment nel primo trimestre del 2026. L'acquisizione avverrà tramite pagamenti in contanti nell'arco di 40 mesi, senza alcuna diluzione azionaria.
Questa acquisizione strategica punta a migliorare il progetto Cerro Las Minitas tramite una maggiore efficienza di capitale, una sequenza di piano di miniera ottimizzata e potenziali aumenti della capacità, con l'obiettivo finale di migliorare i parametri di NPV e IRR.
Southern Silver Exploration (TSXV: SSV) ha asegurado un acuerdo para adquirir la reclamación minera Puro Corazón, estratégicamente ubicada junto al proyecto Cerro Las Minitas, 100% propio, en Durango, México. La mina Puro Corazón, actualmente en operación, produce aproximadamente 60 toneladas de mineral por día, obteniendo concentrados de plata, plomo y zinc.
La compañía planea iniciar de inmediato un program de perforaciones de relleno de 12.000 metros, seguido de un Informe Técnico actualizado y una Evaluación Económica Preliminar en el primer trimestre de 2026. La adquisición se ejecutará mediante pagos en efectivo durante un periodo de 40 meses, sin dilución de acciones.
Esta adquisición estratégica tiene como objetivo mejorar el proyecto Cerro Las Minitas mediante una mayor eficiencia de capital, una secuencia de plan de mina optimizada y posibles aumentos de la capacidad de procesamiento, buscando en última instancia mejorar los índices de NPV y IRR.
Southern Silver Exploration (TSXV: SSV)은 Puro Corazon 광산 청구지를 인수하기로 합의했으며, 이는 멕시코 Durango에 위치한 100% 소유의 Cerro Las Minitas 프로젝트의 인접 부지에 strategically 위치해 있습니다. 현재 가동 중인 Puro Corazon 광산은 하루 약 60톤의 광석을 생산하며 은-납 및 Zn 선광을 제공합니다.
회사는 즉시 12,000m의 보강 시추 프로그램을 시작한 뒤 2026년 1분기에 업데이트된 기술보고서와 예비 경제성 평가를 발표할 계획입니다. 인수는 40개월에 걸친 현금 지급으로 이루어지며 지분 희석은 발생하지 않습니다.
이 전략적 인수는 자본 효율성 향상, 광산 계획의 최적화 및 처리량 증가 가능성을 통해 Cerro Las Minitas 프로젝트를 강화하고자 하며, 궁극적으로 NPV 및 IRR 지표의 개선을 목표로 합니다.
Southern Silver Exploration (TSXV: SSV) a conclu un accord pour acquérir la mine Puro Corazon, stratégiquement située à adjacent du projet 100% Cerro Las Minitas à Durango, au Mexique. La mine Puro Corazon, actuellement en exploitation, produit environ 60 tonnes de minerai par jour, fournissant des concentrés d'argent, de plomb et de zinc.
L'entreprise prévoit de lancer immédiatement un programme de forage d'infill de 12 000 m, suivi d'un rapport technique mis à jour et d'une
Cette acquisition stratégique vise à renforcer le projet Cerro Las Minitas par une meilleure efficacité en capital, une séquence optimisée du plan minier et d'éventuelles augmentations du tonnage, en visant à terme l'amélioration du NPV et du taux de rendement interne (IRR).
Southern Silver Exploration (TSXV: SSV) hat eine Vereinbarung zum Erwerb der Puro Corazon-Mine getroffen, strategisch gelegen angrenzend an das zu 100% im Eigentum befindliche Cerro Las Minitas-Projekt in Durango, Mexiko. Die derzeit betriebene Puro Corazon-Mine produziert ca. 60 Tonnen Erz pro Tag und liefert Silber-Blei- und Zinkkonzentrat.
Das Unternehmen plant sofort ein 12.000 Meter umfassendes Infill-Bohrprogramm zu starten, gefolgt von einem aktualisierten technischen Bericht und einer Preliminary Economic Assessment (PEA) im 1. Quartal 2026. Die Akquisition wird über Bargeldzahlungen über einen Zeitraum von 40 Monaten abgewickelt, eine Verwässerung der Anteile ist nicht vorgesehen.
Dieses strategische Vorhaben zielt darauf ab, das Cerro Las Minitas-Projekt durch verbesserte Kapital-Effizienz, optimierte Abbaustellen-Abfolge und potenzielle Durchsatzsteigerungen zu stärken, mit dem Ziel, letztendlich NPV und IRR-S Kennzahlen zu verbessern.
Southern Silver Exploration (TSXV: SSV) قد أبرمت اتفاقية لاستحواذ محيطة Puro Corazon التعدينية، الواقعة بشكل استراتيجي بجوار مشروع Cerro Las Minitas المملوك بنسبة 100% في دوارانغو، المكسيك. تعدين Puro Corazon العامل حاليًا ينتج حوالي 60 طنًا من الخام يوميًا، ويُنتج مركّزات من الفضة والرصاص والزنك.
تخطط الشركة لبدء برنامج حفر تعبئة مطابقة بطول 12,000 متر على الفور، يعقبه تقرير تقني محدث وتقييم اقتصادي أولي في الربع الأول من 2026. سيتم تنفيذ الاستحواذ من خلال دفعات نقدية على مدى 40 شهرًا، دون أي تخفيض من الأسهم.
يهدف هذا الاستحواذ الاستراتيجي إلى تعزيز مشروع Cerro Las Minitas من خلال كفاءة رأس المال المحسّنة، وتتابع مخطط مناجم محسن، وزيادات محتملة في سعة المعالجة، في نهاية المطاف لتحسين مقاييس NPV و IRR.
Southern Silver Exploration (TSXV: SSV) 已达成收购 Puro Corazon 矿权的协议，该矿权临近其在墨西哥杜兰戈拥有100%所有权的 Cerro Las Minitas 项目。当前运营的 Puro Corazon 矿山日产约 60 吨矿石，产出银铅锌精矿。
公司计划立即启动一个 12,000 米的夹心钻探计划，随后在2026 年第一季度发布更新后的技术报告和初步经济评估（PEA）。通过40个月的现金支付完成收购，不涉及任何股份稀释。
此次战略性收购旨在通过提高资本效率、优化矿山计划的排序以及潜在的产能提升，增强 Cerro Las Minitas 项目，最终改善净现值（NPV）和内部收益率（IRR）等指标。
- Strategic acquisition adds operational mine producing 60 tonnes of ore per day
- No share dilution - acquisition structured through cash payments only
- Potential for near-term resource growth through 12,000-meter infill drilling program
- Expected improvements in capital efficiency and project economics
- Integration offers synergies in permitting, environmental management, and operations
- Significant cash commitment required over 40-month payment period
- Integration and consolidation risks with existing operations
- Execution risk associated with planned 12,000-meter drilling program
Vancouver, British Columbia--(Newsfile Corp. - September 17, 2025) - Southern Silver Exploration Corp. (TSXV: SSV) (the "Company" or "Southern Silver") is pleased to report it has reached an agreement to acquire the Puro Corazon mining claim located contiguous to its
The Puro Corazon mine, which is operated privately, is currently mining approximately sixty tonnes of ore per day and produces a silver-lead concentrate and a zinc concentrate. Southern Silver will be incorporating Puro Corazon into the much larger Cerro Las Minitas project to unlock significant capital and operating synergies. Southern Silver intends to immediately commence a 12,000-meter infill drilling program at Puro Corazon and then in the first quarter of 2026, commence preparation of an updated Technical Report and Preliminary Economic Assessment ("PEA") in accordance with the provisions of National Instrument 43-101.
Key Transaction Highlights
Strong Potential for Near-term Resource Growth: infill drilling program to support incremental resource additions for the consolidated Cerro Las Minitas project.
Capital Efficiency Gains: opportunity to improve capital efficiency through faster access to higher value mineralization, while avoiding development around the Puro Corazon mining claim.
Enhanced Mine Plan Sequencing: incorporating Puro Corazon material early in the mine plan, given its near-surface and high-grade characteristic, is anticipated to strengthen project economics.
Improved Project Economics: combination of capital efficiencies, optimized sequencing and potential throughput increases resulting in potential improvements to NPV and IRR.
Additional Benefits: potential synergies and efficiencies across permitting, environmental management, safety and data collection.
Lawrence Page K. C., Company President, said, "The acquisition of Puro Corazon will allow us to derisk and accelerate the development of Cerro Las Minitas in a capital efficient manner, with significantly enhanced production profile and economics."
Robert Macdonald, Vice President of Exploration, said, "I am excited about the opportunity to begin drilling at Puro Corazon, with numerous high-grade near-surface targets already identified. We have significant historic data from Puro Corazon that will guide exploration and the results of which will be incorporated into an updated PEA, and I am confident that we will be able to add significant value to the Cerro Las Minitas project."
Figure 1: Location of Puro Corazon Claim and Existing Small-Scale Mine and Processing Facility
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5344/266683_d7119de9b42d6a17_002full.jpg
Figure 2: Location of Puro Corazon Claim Location Relative to Existing Cerro Las Minitas Deposits
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5344/266683_d7119de9b42d6a17_003full.jpg
The Company has been granted the right to acquire the Puro Corazon mining claim from an arms-length vendor in consideration for a series of cash payments to be made over a forty-month period following entering into of a definitive assignment agreement with the vendor. The acquisition does not involve the issuance of any securities of the Company.
About Southern Silver Exploration Corp.
Southern Silver Exploration Corp. is an exploration and development company with a focus on the discovery of world-class mineral deposits either directly or through joint-venture relationships in mineral properties in major jurisdictions. Our specific emphasis is the
Robert Macdonald, MSc. P.Geo, is Vice President of Exploration for Southern Silver Exploration Corp., is a Qualified Person as defined by National Instrument 43-101 and supervised directly the collection of data from the Cerro Las Minitas project that is reported in this disclosure and is responsible for the presentation of the technical information in this disclosure.
On behalf of the Board of Directors
"Lawrence Page"
Lawrence Page, K.C.
President & Director, Southern Silver Exploration Corp.
For further information, please visit Southern Silver's website at southernsilverexploration.com or contact us at 604.641.2759 or by email at corpdev@mnxltd.com.
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. In particular, this press release contains forward-looking information relating to, among other things, the proposed drilling program on the Puro Corazon claim as well as the preparation of a technical report and PEA. These statements are based on a number of assumptions, including, but not limited to, general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the Company's projects, and the availability of financing for the Company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward-looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266683
FAQ
What is the significance of Southern Silver's Puro Corazon acquisition for SSVFF stock?
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When will Southern Silver complete the Puro Corazon acquisition payments?
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How will the Puro Corazon acquisition impact Southern Silver's Cerro Las Minitas project?
