Southern Silver Exploration

Southern Silver Exploration

Southern Silver Exploration

Primary ticker: TSXV:SSV; OTCQB:SSVFF
Stage of development: Development
Primary minerals: Silver, Zinc, Lead, Gold
Project to promote: Cerro Las Minitas Project
Project location: Durango, Mexico
Corporate Presentation: Click Here
Corporate Video: Click Here

Live financials

Cash CAD 15.5M
Debt N/A
Major shareholder
Electrum Global Holdings – 23%
Management Ownership – 3%

Southern Silver Exploration Corp. is an exploration and development company with a focus on the discovery of world-class mineral deposits. Our specific emphasis is the 100% owned Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico’s Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, San Martin, Naica and Pitarrilla. We have assembled a team of highly experienced technical, operational and transactional professionals to support our exploration efforts in developing the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. The Company engages in the acquisition, exploration and development either directly or through joint-venture relationships in mineral properties in major jurisdictions.

The Company’s property portfolio also includes the Oro porphyry copper-gold project located in southern New Mexico, USA, which includes patented land, State leases and BLM mineral claims totaling 22.3 sq. km. Targeting has been finalized and bonding pending for a 4,000m drill program, designed to test several copper-molybdenum porphyry and copper-gold skarn targets within a broad quartz-sericite-pyrite alteration zone, interpreted to overlie an unexposed porphyry centre. Permitting is in the final stages with drilling expected to commence in Q4, 2021.

Key investor takeaways
World class project, Excellent management/geological teams, highly experienced and successful board of directors

View Research report by Hallgarten & Company 14 Aug 2019

View Research Report by Fundamental Research Corp 16 July 2020

View Research Report by Caesars Report April 28th, 2021

View Research Report by Red Cloud Securities.

Management Profile


Robert W.J. Macdonald, MSc., PGeo. Vice President of Exploration
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 121 Mining Investment?

To introduce the Company to new investors and to update existing shareholders

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

The addition of Russell Ball to the board of directors and Mr. Paul Harbidge as a consultant to the Company. An updated Resource Calculation and the pending PEA in Q1, 2022.

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

3 Months
Continued expansion of the resource and completion of the PEA

6 Months
Continued de-risking of the project and pursuing third party interest for acquisition

12 Months
Further resource update and begin preparing for possible Pre-feasibility study

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

Advancing and developing the project to a positive economic level. We are de-risking the project and continuing development studies to advance metallurgy, complete a PEA and further define the mineralization and geology of the project.

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

As one of the largest and highest grade undeveloped silver projects in the world, we are undervalued to our peers. We have 100% ownership and control of the Project in a well-established silver mining district in Durango, Mexico near several major mining companies.


Analyst Insight – provided by Independent Investment Research