Thursday, 20 October 2011

Southern Silver intersects 192 g/t silver at Cerro Las Minitas

Southern Silver Exploration (CVE:SSV) said Wednesday it intersected 192 grams per tonne (g/t) silver on the Blind zone of its polymetallic Cerro Las Minitas property, located 70 kilometres northeast of the city of Durango in Durango state, Mexico.

Via its ongoing drill program, Southern Silver intersected 4.5 metres grading 192 g/t silver, 0.3% copper, 5.8% lead, and 8.4% zinc, throughout a wider interval of 113 g/t silver, 0.2% copper, 3.3% lead, and 4.9% zinc over 11.7 metres, in hole 11CLM-016.

Other notable results from the three holes that the company reported today include hole 11CL-014, which returned 5.3 metres grading 54 g/t silver, 0.2% copper, 1.5% lead, and 2.8% zinc, including 100 g/t silver, 0.5% copper, 2.5% lead, and 5.2% zinc over 2.4 metres.

Hole 11CLM-013 reported 0.7 metres grading 218 g/t gold, 0.1% copper, 6.7% lead, and 5.1% zinc.

The Blind zone is the first of several buried targets that IP geophysics discovered. Drilling has now tested 325 metres of strike-length and up to 280 metres in depth on the zone, with multiple mineralized intercepts. The mineralization is open in all directions, the Vancouver, B.C.-based company said.

Of the fully-funded 13,000-metre drill program on the property, 5,466 metres have been completed to date throughout 21 holes - ten of which are on the Blind zone. Assays for four holes on the Blind zone remain pending.

The Cerro Las Minitas property consists of 17 concessions, totaling 10,980 hectares and 25 kilometres of linear strike length.

On the TSX-Venture, Southern Silver shares rose 9.09 percent to $0.12 as of 12:16 pm EDT.

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