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Last C$0.06 CAD
Change Today 0.00 / 0.00%
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SSV On Other Exchanges
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As of 1:33 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

southern silver exploration (SSV) Snapshot

Open
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Previous Close
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52 Week High
08/1/14 - C$0.20
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Market Cap
2.4M
Average Volume 10 Days
17.7K
EPS TTM
C$-0.05
Shares Outstanding
44.5M
EX-Date
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southern silver exploration (SSV) Details

Southern Silver Exploration Corp., an exploration stage company, engages in the acquisition, exploration, and development of precious/base metals properties in North America. The company primarily explores for copper-molybdenum, gold, silver, zinc, and lead minerals. Its flagship property is the Cerro Las Minitas silver-lead-zinc property that comprises 19 concessions and covering 13,700 hectares in Durango, Mexico. The company also holds interests in the Oro Polymetallic project, including 8 patented mining claims and 89 BLM mineral claims covering an area of 11.8 square kilometers in Grant County, New Mexico. The company was formerly known as Newcoast Silver Mines Ltd. and changed its name to Southern Silver Exploration Corp. in July 2004. Southern Silver Exploration Corp. is headquartered in Vancouver, Canada.

southern silver exploration (SSV) Top Compensated Officers

President, Director and Member of Audit Commi...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

southern silver exploration (SSV) Key Developments

Southern Silver Exploration Corp. Starts Drilling on Cerro Las Minitas and Releases Encouraging Metallurgical Results

Southern Silver Exploration Corp. has reported that crews have mobilized and drilling is underway at the Cerro Las Minitas Property, Durango, Mexico. Up to 10,000 metres of core drilling is planned as part of the $2 million, 2015 exploration program and will target both known zones of mineralization and new discoveries on the property. An initial five holes will test the Blind and El Sol mineralized zones to up to 600 metres depth. Success in this drilling could significantly expand the depth and strike projection of these mineralized zones. Further holes will test for new zones of mineralization in the Mina La Bocona and the North Skarn zones and will test other geophysical and geochemical targets outboard of the Central Intrusion. Soil sampling in the area of the Cerro has extended sample coverage outboard of the known areas of mineralization and now covers several geophysical anomalies outlined in earlier surveys. Approximately 450 samples have been collected and submitted for analyses and include samples for several soils lines over previously identified Western and Eastern biogeochemical anomalies on the larger 137 square kilometre property; assays are pending. Further soil sampling and prospecting is proceeding over the Eastern anomalies and in several key areas along the 25 kilometre strike-length. New drill targets will be defined based on the results of this work. The 2015 program follows earlier exploration work by the Company totaling 23,310 metres of diamond drilling in 75 core holes resulting in the identification of two new mineral deposits known as the Blind and El Sol zones, airborne magnetic geophysics over the entire property and gravity and IP geophysics in specific targeted areas. Southern Silver also reported encouraging results of preliminary metallurgical testing from the Blind - El Sol Zone. Work was performed at Dawson Metallurgical Laboratories of Midvale, Utah. Testing was done on a composite of 10 samples taken from the high-grade dump at the La Lupita shaft. The head analyses of the composite returned 225g/t Ag, 0.06g/t Au, 0.11% Cu, 6.6% Pb and 5.4% Zn. Both a lead and zinc concentrates were produced via batch flotation with the following results: Approximately 82% of the silver, 86% of the lead and 12% of the zinc was recovered into the lead rougher concentrate assaying 2000ppm Ag, 61.5% Pb and 7.2% Zn. The concentrate was later upgrade to 2300ppm Ag and 71.1% Pb, and Subsequent zinc flotation recovered 79% of the zinc into a rougher concentrate at a grade of 39.5% Zn. Two-stage cleaning of the concentrate increased the grade to 49.7% Zn. These preliminary results are significant in that two separate, high-grade concentrates were produced from mined material from the Blind zone. Additional test-work is recommended utilizing different reagents in order to further upgrade the final concentrates. Samples charges of the composite have been retained and this work will be completed after the next phase of exploration on the property.

Southern Silver Exploration Corp. Announces Exploration Program at Cerro Las Minitas

Southern Silver Exploration Corp. announced that Crews have mobilized and surface exploration is underway for the $2 million, 2015 exploration program on the Cerro Las Minitas property which will target both known zones of mineralization and new discoveries on the property. Soil and reconnaissance sampling has now started and diamond drilling is anticipated to begin in early July. Soil sampling in the area of the Cerro has extended sample coverage outboard of the known areas of mineralization and now covers several geophysical anomalies outlined in earlier surveys. Approximately 300 samples have been collected and submitted for analyses; assays are pending. Southern Silver is continuing with the systematic evaluation of previously identified biogeochemical anomalies throughout the 137 square kilometre, largely gravel covered property. Initial soil sampling is completed over the Western biogeochemical anomalies and reconnaissance and further sampling is proceeding over the Eastern anomalies and in several key areas along the 25 kilometre strike-length. Up to 10,000 metres of core drilling is planned as part of the 2015 exploration program. Drilling will start in early July with six holes initially targeting the Blind and El Sol mineralized zones. Further drilling will test for new zones of mineralization on the margins of the Central Monzonite Intrusion including the area of Mina La Bocona and the North Skarn zone and will test other geophysical and geochemical targets outboard of the Central Intrusion.

Southern Silver Exploration Corp., Special/Extraordinary Shareholders Meeting, Jul 29, 2015

Southern Silver Exploration Corp., Special/Extraordinary Shareholders Meeting, Jul 29, 2015., at 10:00 Pacific Standard Time. Location: 1100 - 1199 West Hastings Street. Agenda: To approve the disposition of up to an additional 10% indirect interest in the Company's Cerro Las Minitas Property as more particularly described in the Information Circular accompanying this Notice; and to transact any other business that may properly come before the Meeting and any adjournment thereof.

 

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