Articles Tagged "FWB:SEG"

Southern Silver Exploration Intersects 9.2 Metres of 401 g/t Ag, 8.5% Pb and 5.1% Zn at Cerro Las Minitas

Silver – Southern Silver Exploration Corp. (TSXV:SSV,FWB:SEG) completed an initial eight core hole, 3445 metre drill program on its Cerro Las Minitas project in Mexico, under the direction of Freeport-McMoRan Exploration Corporation, who holds a right to acquire up to a 70% indirect interest in the project. The Company intersected 9.2 metres of 401 g/t Ag, 8.5% Pb and 5.1% Zn and extended the mineralization to 600 metres in depth.

Southern Silver Exploration to Reduce Option Payment From $1 Million to $250,000

Silver – Southern Silver Exploration Corp. (TSXV:SSV,FWB:SEG) entered into an amending agreement with the Optionor of the Cerro Las Minitas property in Mexico to reduce the option payment due on May 18, 2013 from $1 million to $250,000. This will also extend the balance of the purchase price of $1.75 million to be paid periodically with the last payment due in March 2015.

Southern Silver Exploration Closes First Tranche of Private Placement and Enters into Option Agreement

Silver – Southern Silver Exploration Corp. (TSXV:SSV,FWB:SEG) closed the first tranche of its non-brokered private placement for gross proceeds of $400,100. A total of 8,002,000 units were issued at a price of $0.05 per unit. The Company also entered into an option agreement with Desert Star Resources Ltd. who can earn up to a 70-per-cent interest in Southern Silver's Oro Project.

Southern Silver Exploration Approves Advance Notice Policy for Director Nominations

Southern Silver Exploration Corp. (TSXV:SSV,FWB:SEG) announced that an advance notice policy for nominating directors was approved. Objectives of The Policy include the facilitation an orderly and efficient meeting process, to give shareholders notice of director nominations, and to allow shareholders an informed vote after providing them with sufficient information on director nominations. The Policy is effective as of January 23, 2013 and is on SEDAR.

Southern Silver Exploration Amends Option Agreement and Acquires 100% Interest of Oro Property

Silver – Southern Silver Exploration Corp. (TSXV:SSV,FWB:SEG) acquired 100% ownership of the Oro property in New Mexico. The Company amended the option agreement for purchase of a 100% interest in the located claims by extending the last payment of US$150,000 until August 28, 2013.

Southern Silver Exploration Announces Non-Brokered Private Placement and Commencement of Exploration Program

Silver – Southern Silver Exploration Corp. (TSXV:SSV,FWB:SEG) announced a non-brokered private placement where they plan to issue up to 15,000,000 units at a price of $0.05 per Unit to raise $750,000. An exploration program at the Cerro Las Minitas project in Mexico is also expected to commence shortly.