Southern Silver Exploration [TSXV:SSV] is currently exploring what could potentially be one of the largest and highest grade undeveloped silver projects in the world. A recent mineral resource update put its Mexico-based Cerro Las Minitas project at around 140m ounces of silver equivalent (indicated).
The purity of the resource is indicated at 349g/t AqEq. According to its PEA the site has a 15 year projected life. Southern Silver is the 100% owner.
Cerro Las Minitas ticks the boxes on infrastructure quite well: management stressed to us that it is located in a safe jurisdiction, with "non-narcotic related agriculture." The property is transacted by two federal highways, a railway line and transmission lines.
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Project in process of being de-risked
We spoke with Robert MacDonald, vice president of Geological Services for the Manex Resource group of companies, who is also currently VP for exploration at Southern Silver Exploration. He said: "We have continued to de-risk the project which we believe is highly leveraged to silver and zinc. We are possibly looking at initiating drilling again in Q4."
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