Gold and Silver miners (Jr and Exploration)

[ThSeeker]

Southern Silver Exploration Corp. (TSXV: SSV) (“Southern Silver”) reported today that it has intersected high-grade massive sulphides in the final hole of the 2017 exploration program at the Cerro Las Minitas project. The massive sulphide intercepts were contained within a broader mineralized zone in drill hole 17CLM-106 that supports continuity within the newly defined Skarn Front.

Highlight intercepts from drill hole 17CLM-106 include:

a 2.5m down hole interval (2.1m est. True Thickness) averaging 88g/t Ag, 0.2% Pb and 10.3% Zn (465/t AgEq; 13.1% ZnEq including a higher grade 0.8m interval (0.7m est. TT) averaging 181g/t Ag, 0.4% Pb and 21.9% Zn (988g/t AgEq; 27.9% ZnEq); and
a 1.8m down hole interval (1.5m est. TT) averaging 30g/t Ag, 0.1% Cu, and 20.7% Zn (782g/t AgEq; 22.1% ZnEq);

Drill hole 17CLM-106 continues the identification of mineralized intercepts into the newly defined Skarn Front which forms a large anomalous zone, approximately 800m x 600m, located at depth beneath the Blind and El Sol zones. The drill hole tested an area of the Skarn Front extending approximately 400m between the previously reported intercepts in drill holes 17CLM-095 (8.0 metres est. TT of 602g/t Ag, 7.1% Pb and 17.9% Zn; 1488g/t AgEq or 42% ZnEq - see NR-06-17) and 17CLM-098 (8.7 metres est. TT of 288g/t Ag, 2.0% Cu 0.8%Pb and 1.2% Zn; 575g/t AgEq or 16.2% ZnEq). Hole 17CLM-106 increases the continuity of the mineralization between these holes and opens up further exploration potential...

Summary of Results - 2017 Exploration Program
https://finance.yahoo.com/news/southern-silver-intersects-high-grade-143000760.html

Exploration on the Cerro Las Minitas project in 2017 was successful in both the systematic expansion of the existing Mineral Resource and the development of additional exploration targets in the adjacent licenses controlled by the company. Highlights from the 2017 Exploration Program include the:

Reinterpretation of the geological model during the 2017 drilling program leading to the modelling of the Skarn Front mineralization that will be accretive to the existing Mineral Resources on the Cerro Las Minitas project;
Resolution of a geological model/concept that appears to explain both primary and secondary controls on the distribution of mineralization in the new deposit that will be useful in further delineation and expansion of higher grade mineralization;
Identification of two new target areas for offset drill testing in 2018; and
Identification of new precious-metal targets in "greenfields" exploration on newly acquired and contiguous claims located 10km to the southwest of the known resource in the area of the Cerro.

Drilling in 2017 by Southern Silver completed 18 core holes totaling 13,600 metres and successfully outlined the Skarn Front as a zone of mineralization, located at depth beneath the Blind and El Sol Zones. Mineralization occurs on the outer edge of the skarn alteration zone surrounding the Central Monzonite Intrusion at or near the transition into marble and forms the primary geological control on the distribution of sulphide mineralization. Geological modelling suggests that intersections between the sub-vertical, northwest-trending Blind and El Sol mineralized zones and the generally more shallowly dipping Skarn Front may localize higher-grade shoots of mineralization which may be in part responsible for higher grade intervals identified in some of the 2017 drilling (eg: 17CLM-095 - 8.0 metres est. TT of 602g/t Ag, 7.1% Pb and 17.9% Zn).

Exploration in 2017 has identified two new step-out targets for drill testing in 2018. Mineralization in the Skarn Front is open for approximately 500 metres along strike to the southeast of drill holes 17CLM-101 and -105 in what is now termed the Las Victorias zone (see NR-14-17 dated September 06, 2017) and up to 600 metres along strike to the northeast, where the zone wraps around the northern margin of the Central Intrusion, in the North Skarn zone (see NR-06-17; June 12, 2017).