Southern Silver Stock Price, News & Analysis

Southern Silver Exploration Corp. (SSVFF), also referred to as Southern Silver Exploration Corp. or Southern Silver, is an exploration and development company focused on the discovery of mineral deposits through direct exploration and joint-venture relationships in mineral properties in major jurisdictions. The company’s primary emphasis is the 100% owned Cerro Las Minitas silver-lead-zinc project in Durango, Mexico.

According to multiple corporate disclosures, Cerro Las Minitas is located in the heart of Mexico’s Faja de Plata (Belt of Silver), an area that hosts several world-class mineral deposits such as Penasquito, Los Gatos, San Martin, Naica and Pitarrilla. Southern Silver reports that, as currently modelled in a Preliminary Economic Assessment (PEA), the Cerro Las Minitas project features a large-scale underground mining operation in a well-located and mining-friendly jurisdiction in southeast Durango, Mexico.

Core Focus: Cerro Las Minitas Silver-Lead-Zinc Project

Southern Silver describes Cerro Las Minitas as its flagship asset and the central focus of its exploration and development activities. The project is characterized in company news releases as a silver-lead-zinc system with polymetallic mineralization that includes silver (Ag), gold (Au), copper (Cu), lead (Pb) and zinc (Zn). The company has reported extensive drilling on the property, including tens of thousands of metres of core drilling over multiple campaigns.

Corporate updates and technical news releases state that Cerro Las Minitas hosts several deposits and target areas, including the South Skarn deposit, the Skarn Front deposit, the North Felsite deposit, the Mina La Bocona area, and the Blind-El Sol zones. Drilling has been used to test gaps in existing block models, lateral extensions of mineralization, and down-dip projections of higher-grade shoots around these deposits.

Southern Silver reports that work at Cerro Las Minitas includes not only drilling but also baseline data collection and related studies such as hydrology, geotechnical, archaeological and land surveys. These activities are described as part of advancing and derisking the project following the publication of a PEA, and they are intended to support future technical reports and project evaluations.

Puro Corazon Claim Integration

Recent news releases highlight the acquisition and integration of the Puro Corazon mining claim, located contiguous to Cerro Las Minitas. Southern Silver has reported an agreement to acquire the Puro Corazon claim from an arm’s-length third party, with the mine described as a privately operated operation producing a silver-lead concentrate and a zinc concentrate from approximately sixty tonnes of ore per day.

The company states that it plans to incorporate Puro Corazon into the larger Cerro Las Minitas project to unlock capital and operating synergies. These include potential near-term resource growth through infill drilling, capital efficiency gains, enhanced mine plan sequencing by introducing near-surface, high-grade material early in a mine plan, and potential improvements to project economics. Southern Silver has outlined a drilling program of up to 12,000 metres on the Puro Corazon claim to test mineralization both laterally and to depth, and to integrate underground geological data and sampling into the broader resource model.

Technical releases report that drilling on the Puro Corazon claim has intersected near-surface, high-grade silver mineralization in replacement zones outside the main skarn horizon, as well as deeper intercepts correlating with the Skarn Front deposit. The company describes these results as part of a carbonate-replacement style system hosted in limestone and positioned in the hanging wall of the main skarn zone.

Exploration Strategy and Project Portfolio

Across its disclosures, Southern Silver consistently describes itself as an exploration and development company focused on the discovery of mineral deposits in major jurisdictions. The company emphasizes assembling a team of technical, operational and transactional professionals to support exploration and project advancement.

In addition to Cerro Las Minitas and Puro Corazon in Durango, Mexico, Southern Silver reports a broader property portfolio that includes:

• The Nazas property in Durango, Mexico, described as a gold-silver (Ag-Au-Pb-Zn) exploration project within the Faja de Plata. The company has entered into an option agreement to earn a 100% interest in Nazas, with planned drilling commitments and pre-production payments.
• The Oro porphyry copper-gold project in southern New Mexico, USA.
• The Hermanas gold-silver vein project, also in southern New Mexico, USA, where permitting applications for drill programs are reported to be underway.

For Nazas, Southern Silver notes that the property comprises several claims and has been the subject of extensive historic exploration, including geological mapping, rock and soil sampling, geophysical surveys and drilling. The company highlights multiple epithermal vein occurrences, gold-enriched halos, and deeper stratigraphy with base-metal-enriched mineralization, as well as similarities in intrusive phases to those associated with the Pitarilla deposit. Planned work includes validating historic data, further compilation and interpretation, and establishing drill targets.

Jurisdictional Focus and Geological Setting

Southern Silver’s disclosures emphasize its focus on projects in recognized mining jurisdictions. In Mexico, the company’s properties are located in Durango State within the Faja de Plata, which it describes as hosting multiple large silver deposits. The geological setting of Cerro Las Minitas is presented as a skarn and carbonate-replacement system with polymetallic mineralization associated with a central monzonite intrusion and surrounding deposits.

At Cerro Las Minitas, the company reports skarn-hosted and replacement-style mineralization, including silver-enriched polymetallic zones and gold-enriched hangingwall zones. Technical tables in news releases detail intercepts in terms of silver equivalent (AgEq) and zinc equivalent (ZnEq), with calculations based on specified metal prices and metallurgical recoveries. These disclosures underscore the multi-metal character of the project and the importance of silver, lead and zinc, along with contributions from gold and copper.

Corporate Governance and Listing

Southern Silver states that it is listed on the TSX Venture Exchange under the symbol SSV and on the OTCQX market under the symbol SSVFF. Corporate update releases describe annual general meetings at which shareholders vote on resolutions such as auditor appointments and stock option plans, and they note the re-election of incumbent directors and the appointment of additional board members.

The company also reports the use of rolling incentive stock option plans, subject to TSX Venture Exchange acceptance, with stock options granted to directors, officers and consultants. These options are described in terms of exercise prices, terms and the number of common shares reserved for issuance under the plans.

Technical Oversight and Reporting Standards

Southern Silver’s news releases state that scientific and technical content is reviewed and approved by a Qualified Person as defined by National Instrument 43-101, the Canadian standard for disclosure on mineral projects. The company references NI 43-101 technical reports, including a Preliminary Economic Assessment for Cerro Las Minitas, and notes that mineral resources are estimated in accordance with Canadian Institute of Mining, Metallurgy and Petroleum (CIM) definitions.

Disclosures include clarifications that mineral resources are not mineral reserves and do not have demonstrated economic viability, and that inferred mineral resources have a lower level of confidence than indicated resources. The company also provides details on how silver equivalents and net smelter return (NSR) values are calculated, including assumed metal prices and metallurgical recovery assumptions.

How Southern Silver Fits Within the Mining Sector

Within the broader mining and exploration sector, Southern Silver positions itself as an exploration and development company rather than a large-scale producer. Its communications focus on resource delineation, technical evaluations such as PEAs, and project advancement through drilling and baseline studies. The company’s emphasis on silver-lead-zinc mineralization in Mexico’s Faja de Plata, along with gold and copper potential in New Mexico and at Nazas, reflects a portfolio spanning precious and base metals.

Investors and observers looking at SSVFF can use the company’s technical disclosures, NI 43-101 reports, and ongoing drill results to understand the scale, grade characteristics and geological context of its projects, particularly Cerro Las Minitas and the integration of Puro Corazon and Nazas into its exploration pipeline.