Southern Silver Resumes Phase II Drilling at Minas de Ameca
Tue Jul 24, 12:20 PM
ca.news.finance.yahoo.com
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 24, 2007) - Southern Silver Exploration Corp. (TSX VENTURE: SSV.V)(FRANKFURT: SEG.F) reported today that the drill crew has returned from break and core drilling has resumed on the San Luis target at the Minas de Ameca Project, Jalisco State, Mexico. To date, seven drill holes have been completed on the San Luis structure.
Highlights from previously released results include: 7.51 g/t Au, 74.6 g/t Ag and 6.43% Cu over 1.07 metres from drill hole 07SL-03; and 0.62 g/t Au, 8.70 g/t Ag and 0.47% Cu over 26.42 metres in hole 07SL-05 (see NR-12-07). Assays from the remaining drill holes are pending and will be included in a later release. Drilling has tested a four hundred metre strike length of vein to depths of between 100 metres to 188 metres below surface. Mineralization remains open in all directions.
Up to 2,000 additional metres of drilling is planned on the San Luis target as Southern moves rapidly to define the potential of the vein system which can be traced on surface for 800 metres strike before plunging under post mineral cover.
A further 2,500 metres of drilling is planned on the Magistral Mine and several other targets identified during the 2007 surface exploration program. Data compilation and analyses from the recently completed surface exploration program, within the Minas de Ameca project, continues toward additional target identification.
Minas de Ameca Project
The Minas de Ameca project encompasses a 322 sq. km claim package assembled in part through option agreements between Southern Silver and Fury Explorations Ltd. (see NR-10-06) and Soltoro Ltd. (see NR-01-07) together with the purchase from the Mexican Government of the El Magistral claim which is included in the agreement with Fury Explorations Ltd.
The district is located along the western margin of the Sierra Madre Occidental terrane. Geological reconnaissance has identified several strongly mineralized, copper-rich breccias located at volcanic-intrusive contacts and numerous structurally controlled, quartz-hematite vein systems which occur along a 25 km long mineralized trend extending southeast through the project area. Historical workings consist of copper with gold rich deposits formed as tabular to pipe-like bodies within tourmaline rich intrusives.
Rob Macdonald, (P.Geo.), is the Qualified Person responsible for reviewing the technical results reported in this release.
On behalf of the Board of Directors
Lawrence Page, President, Southern Silver Exploration Corp.
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Southern Silver Exploration Corp. relies upon litigation protection for forward looking statements.
Contacts
Jay Oness
Southern Silver Exploration Corp.
(604) 684-9384 or 1-888-456-1112
(604) 688-4670 (FAX)
Email: corpdev@mnxltd.com
Website: www.southernsilverexploration.com |
