Southern Silver Exploration (SSV.V) has announced the assay results from hole 87 and 88 at the Cerro Las Minitas poly-metallic project in Mexico’s Durango state. It looks like the shareholders of Southern Silver will be quite pleased considering the drill bit intersected 29.5 meters (true width) containing 107 g/t silver, 3.4% Zinc-lead and 0.4% copper, which results in a silver-equivalent grade of almost 9 ounces per tonne of rock. Included in this interval is a shorter but higher grade zone with an average grade of 552 g/t silver-equivalent.
The results of this hole are one of the best drill results ever encountered at CLM, as hole 88 has everything you’d be looking for; both the grade and width seem to be pretty decent. What’s even more interesting is the fact the mineralization remains open to the west, northwest and north, as well as at depth which is remarkable, considering this hole already was a 200 meter stepout hole. This could indicate Cerro Las Minitas could be much larger than originally anticipated, and the company’s exploration target of 200 million silver-equivalent ounces is now quite realistic.
It’s hard to imagine this was a 5 cent stock just a few months ago, but it really shows how fast exploration stocks can move once they hit the sweet stuff.
Go to Southern Silver’s website
The author holds a long position in all stocks mentioned in this article. Please read the disclaimer
