Southern Silver Exploration Corp. (SSVFF)

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Southern Silver Extends High-Grade Mineralization in North Skarn Target with an 3.4m Intercept of 191g/t Ag, 0.9% Cu, 3.7% Pb and 9.4% Zn (747g/t AgEq; 21.1% ZnEq)

October 29, 2018

Southern Silver Exploration Corp. (TSX.V: SSV) (“Southern Silver”) reported today that four additional drill holes have now been completed on the North Skarn Target as part of the 12,000 metre core hole program at Cerro Las Minitas which successfully extended shallow Skarn Front mineralization laterally from the historic Santo Nino mine and identified several new mineralized intercepts that may form extensions of the El Sol deposit.

The drill results are highlighted by:

a 3.4m down hole interval (2.8m est. True Thickness) averaging 191g/t Ag, 0.9% Cu, 3.7% Pb and 9.4% Zn (747g/t AgEq; 21.1% ZnEq) in drill hole 18CLM-112;a 2.8m down hole interval (2.3m est. TT) averaging 80g/t Ag, 0.4% Cu, 0.6% Pb and 0.9% Zn (179g/t AgEq; 5.1% ZnEq) in drill hole 18CLM-112; anda 2.4m down hole interval (1.7m est. TT) averaging 139g/t Ag, 0.4% Cu, 0.4% Pb, and 4.1% Zn (339g/t AgEq; 9.6% ZnEq) in drill hole 18CLM-113

The North Skarn drilling tested a 200m x 400m lateral offset from the edge of the current mineral resource with intercepts from 18CLM-112 forming approximate 100 metre offsets from both the historic Santo Nino mine workings and from drill hole 11CLM-006 (3.7m down hole of 184g/t Ag, 1.95% Cu, 0.3% Pb, 18.4% Zn – 1,056g/t AgEq; 29.8% ZnEq; see NR-06-11, June 13, 2011).

Three of the four drill holes are reported here. The fourth hole, 18CLM-114, was completed to a depth of 714 metres; assays are pending.

Drilling in the Area of the Cerro is now focused back on the main part of Skarn Front deposit where drilling will fill a gap in the block model generated from earlier drilling. Two drill holes are planned to test this area and will offset thick high grade zones of mineralization in drill hole 15CLM-081 (16.8m down hole interval 136g/t Ag, 0.5% Cu, 0.3% Pb and 4.5% Zn or 361g/t AgEq; see NR-14-15, December 1, 2015) and 18CLM-091 (15.1m down hole interval averaging 39g/t Ag, 0.1% Pb and 10.2% Zn (410.7g/t AgEq; 11.6% ZnEq; see NR-01-17, January 19, 2017).



https://www.southernsilverexploration.com/news/2018/southern-silver-extends-high-grade-mineralization-in-north-skarn-target-with-an-3.4m-intercept-of-191g-t-ag-0.9-cu-3.7-pb-and/