Articles Tagged "TSXV:SSV"

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.

Southern Silver’s Due Diligence Completed with Freeport-McMoRan Exploration Corporation

Silver – Southern Silver Exploration Corp. (TSXV:SSV,FWB:SEG) announced that Freeport-McMoRan Exploration Corporation has completed its due diligence under an Earn-In Agreement that is related to the Cerro Las Minitas project in Durango, Mexico. The Earn-in agreement that the Company entered into granted Freeport the right to earn an indirect 70% interest in the Cerro Las Minitas property by making staged purchase payments and funding exploration and development expenditures of $25 million on the Cerro Las Minitas property.

Expansion Continues at Southern Silver’s Cerro Las Minitas Project

Silver – Southern Silver Exploration Corp.(TSX:SSV) announced the discovery of a new gold-copper mineralization zone in drill core in the South Skarn area of the Cerro Las Minitas project. The Company also reported that it continues to identify thick intervals of high-grade silver-polymetallic mineralization. Drilling is ongoing at the project.

New Assays In at Southern Silver’s Cerro Las Minitas Project

Silver – Southern Silver Exploration Corp.(TSXV:SSV) announced new assay results from its Cerro Las Minitas project. The results reported that the high grade silver mineralization at the project continues to extend. Drilling is ongoing at the project and Southern Silver are aiming to complete a NI 43-101 on the first set of targets by Q4 2012.