Southern Silver Exploration

Financials:

Primary tickers: TSXV:SSV, OTCQB:SSVFF
Stage of development: Exploration, Development
Primary minerals: Silver, Lead, Zinc, Copper, Gold
Project to promote: Cerro las Minitas
Project location: Durango, Mexico
Website: www.southernsilverexploration.com
Corporate presentation: Click here

Southern Silver Exploration Corp. is an exploration and development company with a focus on the identification of world-class mineral deposits in major jurisdictions, advancing them either directly or through joint-venture relationships. Our specific emphasis is on advancing the 100% owned Cerro Las Minitas project, one of the world’s largest undeveloped silver-lead-zinc deposits, to a production decision.
Southern has assembled a team of highly experienced technical, operational and transactional professionals to support our efforts in developing (recent updated resource and robust PEA) the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. Our property portfolio also includes the Oro porphyry copper-gold project where a diamond drill program is underway and the Hermanas gold-silver vein project where permitting applications for the conduct of a drill program is underway; both are located in southern New Mexico, USA.

Cash: CAD$4M
Debt: NIL

Major shareholders:

Electrum Global Holdings – 25%
Institutions – 12.5%
Management Ownership- 2.3%

Map of Projects

Management Profile

Robert W.J. Macdonald, MSc., PGeo.
Vice President of Exploration: Southern Silver Exploration Corp./ Equity Metals Corporation
Mr. Macdonald is the Vice President of Geological Services for the Manex Resource Group of Companies and in such capacity has been the Vice President Exploration and Exploration Manager for several publicly listed companies including Southern Silver Exploration Corp., Homestake Resource Corporation (formerly Bravo Gold Corp.), Valterra Resource Corporation, Duncastle Gold Corp. and Fortune River Gold Corporation. Mr. Macdonald has overseen the exploration of many projects throughout North America including the discovery and delineation of the high-grade 1.2 million ounce Homestake Ridge Au-Ag deposit in northern British Columbia and is currently advancing Southern Silver’s 24 million tonne Cerro Las Minitas Ag-Pb-Zn project, Durango State, Mexico. Mr. Macdonald graduated with a B.Sc. (Hons) from Memorial University of Newfoundland in 1990 and earned a MSc. from the University of British Columbia in 1999. Over his career in the geosciences Mr. Macdonald’s work has focused on vein and intrusion-related gold systems, VMS and Skarn/CRD environments. Prior to joining Manex, Mr. Macdonald worked as a geologist with the British Columbia Geological Survey and Teck Exploration on projects in Alaska, Peru and British Columbia.

What is your rationale for taking part in 121 Mining Investment?

We wish to continue to attract both retail and Institutional investment.

What recent news would you like to highlight to investors attending?

PEA Announced August, 2022, update expected December, 2023; Mineral Resource Update March, 2023.

What are your key goals for the next 3, 6 and 12 months?

3 Months:
Improving the economics of the PEA and continue to expand the resource to benefit the mine plan as well as to identify the path to pre-feasibility.

6 Months: 
Complete and announce the updated improved economics for the PEA; make a decision on
moving forward with the Pre-feasibility study.

12 Months:
Position the project for acquisition

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Achieving fair NPV for the project; Sensitivity to metal prices; Improving the economics for the PEA. We are reviewing the PEA and addressing Capital Cost/Contingency Reduction , Adding new Resources, Engineering upgrades, Process Flow-sheet – TC-RCs/Gold Metallurgy; adding 270,000 tonnes of Au-Ag-enriched oxide mineralization (not included in flow sheet); Ore sorting. Goal is to achieve an IRR of greater than 25%

What do you think makes your company such a compelling investment?

Diverse Assets – Property Package with Exposure to both Precious and Base/EV Metals
PEA Results – Highlights Robust Asset Value of the CLM Project
Ongoing – CLM: Resource Update, ESG, Engineering Upgrades Winter’23
– Oro project: New Targeting
– Hermanas project: Drill Permitting for 2023

What are the top 3 key investor takeaways?

1.Exposure to one of the world’s largest undeveloped silver-lead-zinc deposits
2.Continued project de-risking; Robust PEA, Resource Update,
3. 100% ownership, full treasury