Southern Silver (SSV.V) has released the assay results from five holes drilled on the El Sol concession, which is located to the northwest of the Blind-El Sol mineralized zone. These are the first five holes ever drilled on the property and one of the holes yielded some interesting results.
As you can see in the table above, hole 3 encountered 3.5 meters of 982 g/t silver-equivalent (including 549 g/t silver) with a higher grade interval of 0.8 meters containing 2,622 g/t silver equivalent. The main mineralized interval starts at a depth of just over 132 meters down hole. Keep in mind that the reported interval likely won’t be the true thickness. The true thickness could not be established yet as the company simply doesn’t have enough data to run the numbers on that.
Southern Silver decided to direct a drill rig back to the El Sol concession (before that rig will go back to the core area of Cerro Las Minitas to drill-test the North Felsite target) to complete an additional three holes. Two holes will be drilled to test the mineralization down dip of hole 3 and the third hole will be drilled along strike from one of the most northwestern holes of Blind-El Sol to fill the gap between Blind-El Sol and the new El Sol discovery.
Southern Silver filed the technical report for its updated resource estimate in December, and we are working on a comprehensive update based on the official technical report. But one thing seems to be pretty obvious: despite already hosting a very sizeable resource of 137 million ounces silver-equivalent in the indicated category and an additional 198 million ounces silver-equivalent in the inferred resource category, Southern Silver continues to find more mineralization.
Disclosure: The author has a long position in Southern Silver. Southern Silver is a sponsor of the website.Please read our disclaimer.
