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    SSV   CA8438142033

SOUTHERN SILVER EXPLORATION CORP.

(SSV)
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Southern Silver Exploration Corp. Returns Bonanza-Grade Silver from the North Felsite Zone Including: 1.0 metre Averaging 1785g/t Ag, 0.5g/t Au, 1.4% Cu, 3.1% Pb and 5.9% Zn (2309g/t AgEq) at Cerro Las Minitas

05/04/2022 | 09:41am EDT

Southern Silver Exploration Corp. reported that drilling continues to develop continuity within and extend silver-polymetallic mineralization on the North Felsite and El Sol Targets on the Cerro Las Minitas project, Durango, Mexico. The North Felsite target is located on the eastern side of the Cerro, approximately 400 metres to the northwest of the La Bocona and Mina Pina shafts, in an area that was not included in the most recent NI43-101 Mineral Resource update on the property. New drilling tested the continuity of mineralization in both the main Ag-Pb-Zn Skarn as well as strongly Au-enriched hanging wall zone. Drilling highlights from the North Felsite target area include: a 1.2 metre interval (1.0 metre est. TT.) averaging 1785g/t Ag, 0.5g/t Au, 1.4% Cu, 3.1% Pb and 5.9% Zn (2309g/t AgEq) within a 2.3 metre interval (1.8 metre est. TT.) averaging 1001g/t Ag, 0.3g/t Au, 0.8% Cu, 2.4% Pb and 3.3% Zn (1321g/t AgEq) from drill hole 21CLM-185; a 1.4 metre interval (1.0 metre est. TT) averaging 5.6g/t Au, 19g/t Ag, 0.3% Pb and 0.1% Zn (495g/t AgEq) from drill hole 22CLM-184; and a 0.5 metre interval (0.3 metre est. TT) averaging 302g/t Ag, 0.2g/t Au, 0.5% Cu, 1.1% Pb and 10.7% Zn (830g/t AgEq) within a 8.9 metre interval (6.0 metres est. TT) averaging 117g/t Ag, 0.1% Cu, 1.1% Pb and 1.0% Zn (213g/t AgEq) from drill hole 22CLM-184; Strong gold-enrichment, up to 5.6g/t Au, is identified in several hangingwall intercepts correlating to zones of mineralization outboard of the more typical, silver-enriched polymetallic mineralization of the main skarn horizon located adjacent to the central monzonite intrusion. Similarly, drilling has demonstrated both continuity within the North Felsite zone and continues to extend the target to depth which can now be traced for up to 250 metres on strike and up to 425 metres below surface. Drilling continues on this target including lateral and down-dip step-outs of this new lens of mineralization which will form the basis of further exploration on the property in 2022. Drilling resumed on the El Sol claim in early January following earlier reported high-grade intercepts from drill hole 21Sol-003 (3.5m of 932g/t AgEq; see NR-02-22). Two holes were completed down dip of the highlight intercept and returned anomalous values along the target structure. A third hole was completed in the southern part of the claim to test potential extensions of the Blind Zone mineralization and returned no significant values. Eight holes totaling 2,920 metres have now been completed on the El Sol concession in 2021-22.


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Financials ()
Sales 2021 - - -
Net income 2021 -0,20 M - -
Net cash 2021 7,76 M - -
P/E ratio 2021 -459x
Yield 2021 -
Capitalization 71,4 M 55,6 M -
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 75,6%
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Number of Analysts 1
Last Close Price 0,25 CAD
Average target price 0,80 CAD
Spread / Average Target 227%
Managers and Directors
Lawrence P. Page President, Chief Executive Officer & Director
Graham Henry Thatcher Chief Financial Officer
David Roger Scammell Independent Director
Eugene D. Spiering Independent Director
Nigel J. Bunting Independent Director
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