Southern Silver Exploration

Southern Silver Exploration

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

Live financials

Cash: C$10.5M
Debt: /

Major shareholders:
Electrum Global Holdings LP – 23%
Management ownership – 5%

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. Our property portfolio also includes the Oro porphyry copper-gold project located in southern New Mexico, USA.

Management Profile

Lawrence Page, President & Director

Lawrence Page obtained his law degree from the University of British Columbia in 1964 and was called to the Bar of British Columbia in 1965 where he has practiced in the areas of natural resource law and corporate and securities law to the present date. Through his experience with natural resource companies and, in particular, precious metals development, Mr. Page has established a unique relationship with financiers, geologists and consultants and has been counsel for public Companies which have discovered and developed producing mines in North America. Specifically, he has been a Director and Officer of Companies which have discovered and brought into production the David Bell and Page Williams mines in Ontario, the Snip, Calpine/Eskay Creek and Mascot Gold Mines in British Columbia, as well as the discovery of the Penasquito Mine in Mexico.
Mr. Page is the principal of the Manex Resource Group of Vancouver which provides administrative, financial, corporate, corporate finance and geological services to a number of public companies in the mineral resource sector. He currently serves as a director of four public companies, including Bravada Gold Corporation, Southern Silver Exploration Corp., Equity Metals Corporation and Valterra Resource Corporation.

Robert W.J. Macdonald, 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 Exploration Manager for several publicly listed companies including Homestake Resource Corporation (formerly Bravo Gold Corp.), Southern Silver Exploration Corp., Valterra Resource Corporation, Duncastle Gold Corp. and Fortune River Resource Corp. 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 12million 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 and VMS 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?

Exposure to new investors/Corporate Finance and Equity financing

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

Recent acquisition of a 100% of the Cerro las Minitas project and completion of recent financing for $14M. Current drill program to increase existing resource of
272Mozs AgEq .

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

3 Months:

Complete current drill program to reach +350Mozs AgEq.

6 Months:

Complete PEA and update Resource Calculation

12 Months:

Continue to de risk the project with further development studies and advance the project with further resource expansion through exploration.

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

Uncertainties in the Global economies which affect the metal prices and investment

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

Cerro las Minitas is one of the largest and highest grade undeveloped silver projects in the world

Analyst Insight – provided by Independent Investment Research

Southern Silver Exploration is a TSX-V-listed resource company that’s focused on high-grade precious/base metals properties within North America.

The company is continuing to advance its flagship Cerro Las Minitas silver-lead-zinc property, located in Durango State, Mexico. The property comprises 25 concessions, totalling approximately 34,450 hectares, and lies within heart of the Faja de Plata (Belt of Silver) of north-central Mexico. The belt is one of the most significant silver producing regions in the world, with current reserves/resources and historic production in excess of 3 billion ounces of silver.

During May 2019, the company released an updated 43-101 resource for the Cerro Las Minitas project of 37.5Mozs Ag, 303Mlbs Pb and 897Mlbs Zn (134Mozs AgEq; 2.0Blbs ZnEq) Indicated and 45.7Mozs Ag, 253Mlbs Pb and 796Mlbs Zn (138Mozs AgEq; 2.0Blbs ZnEq) Inferred. This works out to an approximate exploration cost of $0.07 per oz of silver equivalent in the ground, suggesting a fast and cost-effective upside potential leading to a production decision, which the company plans to execute in the coming years.

During September 2020, the company announced it had mobilized crews in preparation for the start of its 2020-21 drill campaign on the Cerro Las Minitas Project. The exploration/drill program includes up to 10,000 metres of core drilling in 20 to 25 holes, which will focus on the development of mineral resources on the east side of the Cerro through step-out drilling from previously identified high-grade, strongly silver-enriched mineralization in the Mina La Bocona and South Skarn target areas. Some meterage will also be used to further extend mineralization at the Las Victorias target.

The company is also advancing its 100%-owned Oro property in New Mexico, USA, which covers 11.8 sq km – comprising eight patented mining claims and 89 BLM mineral claims that cover the majority of the historic Eureka Mining District, 40 km southwest of the Silver City porphyry copper district.

The Oro claims surround a highly prospective 3km by 2km quartz-sericite-pyrite alteration footprint, interpreted to overlie an unexposed porphyry centre. Classic porphyry system zonation is indicated by surface gold and copper mineralization associated with Laramide-age intrusions in this core area, flanked by distal lead-zinc skarn mineralization and sediment-hosted gold occurrences.  Southern Silver is actively seeking a partner to finance further exploration on this property.