Southern Silver infill drilling at Puro Corazon Target, Cerro Las Minitas Project, Durango, Mexico
Southern Silver Exploration Corp. [TSXV: SSV] reported that crews have mobilized in preparation for further drilling on the Cerro Las Minitas Project, Durango, Mexico.
The upcoming exploration program follows 2025-26 drilling on the property which successfully delineated mineralization at the Puro Corazon target and returned multiple intercepts of high-grade, polymetallic Ag-Pb-Zn mineralization. Mineralization was extended laterally for the full 400 metres strike-length of the Puro Corazon claim and to depths of up to 450 metres below surface.
The current program will build upon this earlier work and includes up to 12,500 metres of definition drilling designed to increase the classification confidence of a subset of near-surface, high-grade mineralization in the Puro Corazon target and forms part a larger program to assess, geologically and spatially, the historic Puro Corazon claim and to incorporate the underlying mineralization into the larger CLM district.
Other work on the CLM Project includes an update of the mineral resource estimate based on the most recent drilling at Puro Corazon, scheduled for Q3 2026 and the advancement of several engineering opportunities identified in the 2024 preliminary economic assessment (PEA) of the project.
As currently modelled, the Cerro Las Minitas Project features a large-scale underground mining operation with robust project economics and high gross revenues in a well located and mining friendly jurisdiction in southeast Durango, Mexico.
The company is planning to incorporate the results of the 2025-26 Puro Corazon drill program into the much larger Cerro Las Minitas project which is expected to significantly enhance both the project economics and the mine plan. Final assays from the 2025-26 drilling have been received. Work through Q3-Q4 2026 will include: an update of the Mineral Resource Estimate of the Cerro Las Minitas project followed by an update of the Preliminary economic Assessment (PEA) of the project in accordance with the provisions of NI 43-101 and continue to advance baseline data collection and permit readiness review.
The company reported that, subsequent to acquisition of the Puro Corazon claim and to the July 2024 PEA, work on the Cerro Las Minitas project continues advancing numerous upside economic and mine development opportunities while also derisking and advancing the project with the start of baseline data collection, hydrology, geotechnical, archaeological and land surveys and studies.
Southern Silver’s emphasis is the 100%-owned Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico’s Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, Los Gatos, San Martin, Naica and Pitarrilla. The company has assembled a team of experienced technical, operational and transactional professionals to support our exploration efforts in developing the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine.
Located in the same State as the Cerro Las Minitas property is the newly acquired Nazas, gold-silver property. The company’s portfolio also includes the Oro porphyry copper-gold project and the Hermanas gold-silver vein project where permitting applications for the conduct of a drill program is underway, both located in southern New Mexico, USA.