Southern Silver Exploration Corp. (SSVFF)

[ThSeeker]

Gold Investment Letter comments on Southern Silver:


While the prices of gold, silver and mining stocks due what they do best.....fluctuate.....companies in the sector are busy building their businesses. My top junior silver position and recommendation, Southern Silver (SSV/SSVFF) announced yesterday that they gobbled up strategic claims near their flagship project Cerro Las Minitas. This is a significant property acquisition as it strategically lies contiguous to the existing Cerro las Minitas claim package.


Based on the surface float and metal signatures from sampling which they have conducted, the exploration program on these claims will target a volcanic hosted epithermal vein system, similar to productive veins at the nearby Avino Gold-Silver Mine and Hecla’s San Sebastian Mine. Note that SSV acquired these claims from the two most prolific and successful prospectors in this area, Bud Hildebrand and Perry During, who also discovered the property in Chihuahua where Sunshine Silver is developing the Los Gatos mine.

Pursuing and identifying a new mineralized precious metal zone in areas outside of the Cerro Las Minitas deposit would create the opportunity to add a whole new dimension to the company’s asset and resource base. This company is moving and shaking with a $2MM drill program at CLM wrapping up later this month. This last drill program could DOUBLE the already sizable resource at CLM where there is over $2 BILLION in situ value of Silver and Zinc in the ground. The resource update will be out in about 60 days or less!!

Investors should be well positioned in front of that timeline which could be a significant catalyst for the share price. Plus, then the joint venture will officially be 40% SSV and 60% Electrum Group, run by billionaire mining entrepreneur/operator/investor extraordinaire Thomas Kaplan. It is quite possible that SSV hit it's interim low in price last week at .375 as it has been building a base since then. I think it is going to fly again and when the silver price turns back up, Southern Silver will no doubt remain a top performer for investors. Here is yesterday's news if you missed it:

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aSSV-2467687&symbol=SSV®ion=C