Approvals For Drill Program To Test Several Copper Targets At Oro Project

VANCOUVER - Southern Silver Exploration Corp. has received approvals, pending posting of bonds, from the New Mexico Mining and Minerals Division, the New Mexico State Land Office, and the Bureau of Land Management for a six-hole diamond drilling program to test several copper porphyry and skarn targets at its wholly owned Oro property, located in southwestern New Mexico. Posting of the required bonds is underway and should be completed shortly. The property consists of patented land, State leases and BLM mineral claims totaling 22.3 sq. km., upon which several historic mines are located. The property covers a large, zoned Laramide-age mineralizing system containing a number of highly prospective, district-scale, copper-molybdenum and distal sediment-hosted, oxide-gold targets.

Targeting was based upon 3D modeling of data generated by geologic mapping, historic drill holes, geochemical zoning studies, alteration clay studies, and geophysical surveys. A 6-hole (4,000-meter) diamond drill program is planned to test several of the copper-molybdenum porphyry and copper-gold skarn targets within a broad quartz-sericite-pyrite alteration zone, interpreted as a lithocap overlying an unexposed porphyry centre. Drilling is expected to commence in Q3 2021.