Southern Silver Initiates Drill Program at the Puro Corazon Mine on its Cerro Las Minitas Property, Durango, Mexico
Southern Silver (OTC: SSVFF) has mobilized crews to begin an exploration and integration drill program on the newly acquired Puro Corazon claim contiguous to its Cerro Las Minitas project in Durango, Mexico (Oct 6, 2025). The program plans up to 12,000 metres of core drilling using three rigs, compilation of underground data, new sampling of historic workings and a Lidar survey.
Puro Corazon is a nine-hectare claim with an active private mine producing ~60 tonnes/day and development extending ~200 m laterally and 250 m depth. Drilling will test extensions to 450 m depth and lateral projections ~200 m, plus up to six hangingwall targets. Results will feed an updated NI 43-101 Technical Report and a PEA scheduled for Q1 2026. The company also granted 13.9M incentive stock options at $0.41 exercisable five years.
Southern Silver (OTC: SSVFF) ha mobilitato squadre per iniziare un programma di trivellazione esplorativa e di integrazione sulla recente concessione acquisita Puro Corazon contigua al progetto Cerro Las Minitas a Durango, Messico (6 ottobre 2025). Il programma prevede fino a 12.000 metri di trivellazione a core usando tre trivelle, la compilazione di dati sotterranei, nuove campionature di lavori storici e una rilevazione LiDAR.
Puro Corazon è una concessione di nove ettari con una miniera privata attiva che produce ~60 tonnellate/giorno e sviluppo che si estende ~200 m lateralmente e 250 m di profondità. La trivellazione testerà estensioni fino a 450 m di profondità e proiezioni laterali ~200 m, oltre a sei obiettivi sul muro sospeso. I risultati alimenteranno un aggiornamento del rapporto tecnico NI 43-101 e un PEA previsto per il Q1 2026. L'azienda ha inoltre concesso 13,9 milioni di opzioni azionarie di incentivo a un prezzo di esercizio di 0,41 USD per cinque anni.
Southern Silver (OTC: SSVFF) ha movilizado equipos para iniciar un programa de perforación de exploración e integración en la nueva concesión adquirida Puro Corazon, contigua a su proyecto Cerro Las Minitas en Durango, México (6 de octubre de 2025). El programa prevé hasta 12.000 metros de perforación de núcleo con tres perforadoras, recopilación de datos subterráneos, nuevo muestreo de trabajos históricos y una encuesta LiDAR.
Puro Corazon es una concesión de nueve hectáreas con una mina privada activa que produce ~60 toneladas/día y desarrollo que se extiende ~200 m lateralmente y 250 m de profundidad. La perforación probará extensiones hasta 450 m de profundidad y proyecciones laterales ~200 m, además de hasta seis objetivos en el muro colgante. Los resultados alimentarán un Informe técnico NI 43-101 actualizado y un PEA programado para el primer trimestre de 2026. La compañía también otorgó 13,9 M opciones de acciones de incentivo a un precio de ejercicio de $0,41 durante cinco años.
Southern Silver (OTC: SSVFF)은 Durango, 멕시코에 위치한 신규 매입 광맥인 Puro Corazon에 대한 탐사 및 통합 드릴 프로그램을 시작하기 위해 팀을 동원했습니다. 이 광맥은 인접한 Cerro Las Minitas 프로젝트와 접해 있습니다(2025년 10월 6일). 프로그램은 세 대의 시추기를 사용하여 최대 12,000 미터의 핵심 시추를 수행하고, 지하 데이터 편집, 역사적 작업의 신규 샘플링, LiDAR 조사를 포함합니다.
Puro Corazon은 9헥타르의 광맥으로 활동 중인 민간 광산이 연간 약 60톤/일를 생산하며 개발은 대략 수평으로 200m 및 깊이 250m까지 확장됩니다. 시추는 깊이 450m까지의 확장과 수평 투영 약 200m을 시험하고, 최대 6개의 행벽 목표를 포함합니다. 결과는 업데이트된 NI 43-101 기술 보고서와 2026년 1분기에 예정된 PEA에 반영될 것입니다. 회사는 또한 1,390만 주의 우대 주식옵션을 행사 가격 $0.41로 5년간 부여했습니다.
Southern Silver (OTC: SSVFF) a mobilisé des équipes pour lancer un programme de forage d'exploration et d'intégration sur la nouvelle concession acquise Puro Corazon, adjacente à son projet Cerro Las Minitas à Durango, au Mexique (6 octobre 2025). Le programme prévoit jusqu'à 12 000 mètres de carottage avec trois forages, la compilation de données souterraines, de nouveaux échantillonnages des travaux historiques et une levée LiDAR.
Puro Corazon est une concession de neuf hectares avec une mine privée active produisant environ 60 tonnes/jour et un développement s'étendant d'environ 200 m latéralement et 250 m de profondeur. Le forage testera des extensions jusqu'à 450 m de profondeur et des projections latérales d'environ 200 m, ainsi que jusqu'à six cibles sur le mur pendant. Les résultats alimenteront un rapport technique NI 43-101 mis à jour et un PEA prévu pour le 1er trimestre 2026. La société a également accordé 13,9 M d'options d'actions de valeur incitative à un prix d'exercice de $0,41 sur cinq ans.
Southern Silver (OTC: SSVFF) hat Mannschaften mobilisiert, um ein Explorations- und Integrations-Bohrprogramm auf dem neu erworbenen Puro Corazon-Anspruch fortzusetzen, angrenzend an ihr Cerro Las Minitas-Projekt in Durango, Mexiko (6. Oktober 2025). Das Programm plant bis zu 12.000 Metern Kernbohrung mit drei Bohrgeräten, die Zusammenstellung unterirdischer Daten, neue Probenahme historischer Arbeiten und eine LiDAR-Umfrage.
Puro Corazon ist ein neun Hektar großer Anspruch mit einer aktiven Privatmine, die ca. 60 Tonnen/Tag produziert, und Entwicklung, die sich ca. 200 m seitlich und 250 m Tiefe erstreckt. Das Bohren wird Erweiterungen bis zu 450 m Tiefe und seitliche Projektionen ca. 200 m testen sowie bis zu sechs Hangwand-Ziele. Die Ergebnisse fließen in einen aktualisierten NI 43-101 Technical Report und eine PEA, geplant für Q1 2026. Das Unternehmen hat außerdem 13,9 Mio. Incentive-Aktienoptionen zu einem Ausübungspreis von 0,41 USD über fünf Jahre gewährt.
Southern Silver (OTC: SSVFF) قامت بتعبئة فرق لبدء برنامج حفر استكشافي ودمجي على المطالبة الجديدة Puro Corazon، المتاخمة لمشروعها Cerro Las Minitas في دورانجو، المكسيك (6 أكتوبر 2025). يخطط البرنامج لإجراء حتى 12,000 متر من الحفر الأساسي باستخدام ثلاث حفرات، وتجميع البيانات تحت الأرض، أخذ عينات جديدة من الأعمال التاريخية ومسح LiDAR.
Puro Corazon هي مطالبة تبلغ تسع هكتارات مع منجم خاص نشط ينتج نحو 60 طنًا/اليوم وتطوير يمتد تقريبًا إلى 200 م أفقياً و 250 م عمقاً. سيختبر الحفر امتدادات حتى 450 م عمقاً وإسقاطات جانبية نحو 200 م، إضافة إلى حتى ستة أهداف على الحائط المعلق. ستغذي النتائج تقرير NI 43-101 الفني المحدث و< b>PEA مقرر للربع الأول من 2026. كما منحت الشركة 13.9 مليون خيار أسهم تحفيزي بسعر تنفيذ 0.41 دولار لمدة خمس سنوات.
Southern Silver (OTC: SSVFF) 已动员团队开始在新取得的 Puro Corazon 探矿并整合钻探计划，该矿权与其在墨西哥杜兰戈的 Cerro Las Minitas 项目相邻（2025年10月6日）。该计划使用三台钻机进行最多 12,000 米 的核心钻探，汇编地下数据，对历史作业进行新取样，并进行 LiDAR 调查。
Puro Corazon 是一个九公顷的矿权，拥有一个活跃的私人矿山，产量约 60 吨/日，开发向 ~200 m 水平 延展和 250 m 深度。钻探将测试扩展至 450 m 深度，横向投射约 200 m，以及最多六个悬壁目标。结果将用于更新的 NI 43-101 技术报告，以及计划在 2026 年第一季度公布的 PEA。公司还授予 1390 万股激励性股票期权，行权价为 0.41 美元，五年内可行使。
- Planned 12,000 m core drilling with three rigs
- Puro Corazon is contiguous to Cerro Las Minitas (9 hectares)
- Active mining producing ~60 t/day providing near-term feed
- Skarn Front accounts for >50% of known Cerro Las Minitas resources
- Updated NI 43-101 and PEA scheduled Q1 2026
- Puro Corazon current development limited to ~200 m lateral and 250 m depth
- Grant of 13.9M stock options at $0.41 may dilute shareholders if exercised
Vancouver, British Columbia--(Newsfile Corp. - October 6, 2025) - Southern Silver Exploration Corp. (TSXV: SSV) (the "Company" or "Southern Silver") reports today that crews have mobilized in preparation for drilling on the newly acquired Puro Corazon claim, contiguous to its
The exploration program, which is the first step in the integration of the nine hectare Puro Corazon claim into the much larger Cerro Las Minitas project, will include up to 12,000 metres of core drilling utilizing three drill rigs, the compilation of existing underground geological data, new sampling in the historic underground workings to tie the remaining mineralization in the upper part of the claim into the larger resource model and a Lidar survey of the historic workings designed to better understand the full extent of underground mining.
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. Current development at the mine extends for approximately 200 metres laterally and to 250 metres below surface. Drilling will test the further projections of the mined mineralization both laterally for an additional 200 metres and to depths of up to 450 metres below surface where the mineralization then transitions across the claim boundary and into the modelled Skarn Front deposit. Drilling will also target the projection of up to six hangingwall structures identified outboard of the main mineralized Skarn Front zone which was previously identified in both historic drilling within the Puro Corazon claim and in Southern Silver's own drilling outside the claim boundary. Historically, mining has focused on only three mineralized zones within the projection of the Skarn Front deposit, which is the largest single deposit within the Cerro Las Minitas project accounting for over
Drill results from the upcoming program will be incorporated into the current modelling of the Cerro Las Minitas project in preparation for an updated Technical Report and Preliminary Economic Assessment ("PEA") in accordance with the provisions of National Instrument 43-101, scheduled to begin in the first quarter of 2026.
The acquisition of the Puro Corazon claim represents a significant milestone toward the development of the Cerro Las Minitas project with the potential to unlock significant capital and operating synergies between the two projects. Key synergies include:
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.
Figure 1: 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/5344/269150_bbf8d6f0746f3a8f_002full.jpg
Figure 2: Projected Puro Corazon drill targets within the Skarn Front and Blind-El Sol block models with proposed the drill pattern for Q4 drilling on the Puro Corazon claim
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5344/269150_bbf8d6f0746f3a8f_003full.jpg
Corporate Update
Southern Silver has granted incentive stock options to directors, officers and consultants to purchase an aggregate 13,900,000 common shares of the Company at an exercise price of
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/269150
FAQ
What drilling program did Southern Silver (SSVFF) announce on Oct 6, 2025?
How does the Puro Corazon claim connect to Cerro Las Minitas for SSVFF investors?
What timeline did Southern Silver give for the updated Technical Report and PEA (SSVFF)?
What is the scale of current mining at Puro Corazon mentioned by Southern Silver (SSVFF)?
Will Southern Silver's (SSVFF) recent stock option grant affect shareholders?
