SOUTHERN SILVER WKN: A12BX1 ISIN: CA8438142033 Kürzel: SSV Forum: Aktien Thema: Hauptdiskussion

Southern Continues to Extend Mina La Bocona High-Grade with 7.5 Metres Averaging 261g/t Ag, 7.0% Pb and 1.7% Zn (559g/t AgEq) April 27, 2021 Southern Silver Exploration Corp. (TSX.V: SSV) (“Southern Silver”) reported today that further assay results from the Mina La Bocona target area continues to extend both shallow gold-silver enriched oxide mineralization and high-grade polymetallic sulphide mineralization laterally and at depth at its Cerro Las Minitas project, Durango Mexico. Newly released polymetallic sulphide intercepts from the Mina La Bocona target area include: a 8.6 metre interval (7.5 metre est. TT) averaging 261g/t Ag, 0.1g/t Au,7.0% Pb and 1.7% Zn (559g/t AgEq) including a 5.1 metre interval (4.5 metre est. TT) averaging 324g/t Ag, 0.2g/t Au, 8.8% Pb and 2.4% Zn (706g/t AgEq) from drill hole 21CLM-140; a 7.1 metre interval (4.0 metre est. TT) averaging 161g/t Ag, 0.2g/t Au, 3.1% Pb and 0.4% Zn (293g/t AgEq) from drill hole 21CLM-143; and a 4.2 metre interval (2.4 metre est. TT) averaging 335g/t Ag, 0.2g/t Au, 0.3% Cu, 5.3% Pb and 2.4% Zn (638g/t AgEq) including a 1.4 metre interval (0.8 metre est. TT) averaging 636g/t Ag, 0.4g/t Au, 0.5% Cu, 10.5% Pb and 2.8% Zn (1147g/t AgEq) from drill hole 21CLM-143; The mineralization identified in drill holes CLM-140 and -143 are extensions of the thick mineralized intercepts previously identified in the Muralla chimney and continue to extend these high-grade lenses both laterally and down-dip from previously reported drill holes 21CLM-125 (33.2m of 435g/t AgEq; see NR-01-21) and 15CLM-078 (including 3.9 of 1093g/t AgEq and 16.5m of 325g/t AgEq; see NR-10-15) . Additional assay results from drilling at the Bocona chimney extend mineralization laterally toward Muralla Chimney and include: a 3.6 metre interval (2.9 metre est. TT) averaging 174g/t Ag, 0.6g/t Au, 4.3% Pb and 5.0% Zn (568g/t AgEq) from drill hole 21CLM-144; While deeper drilling beneath the Bocona chimney continues to demonstrate strong copper-enrichment in the lower part of the zone and returned: a 20.4 metre interval (12.5 metre est. TT) averaging 51g/t Ag, 0.9% Cu, and 0.1% Zn (166g/t AgEq) from drill hole 21CLM-141; The Company also reports that it has identified additional gold-enriched intercepts within the near-surface oxide-gold zone in the upper part of drill hole 21CLM-143 which returned: a 7.1 metre down hole interval (4.0 metre est. TT) averaging 57g/t Ag, 2.2g/t Au, and 2.3% Pb (358g/t AgEq) in oxide starting from 110.4 metres down hole in drill hole 21CLM-143. Drilling on the oxide-gold target continues to extend the lateral projection of this shallow mineralized zone eastward and confirms the depth projection of the zone to about 150 metres below surface where it transitions into sulphide mineralization. Drilling in the Mina La Bocona target area continues to extend the two polymetallic sulphide zones and the near surface gold-enriched mineralization identified earlier in the 2020-21 drilling. Mineralization can now be traced laterally for over 150 metres strike and up to 450 metres depth and drilling between the two main high-grade lenses has returned positive assays resulting in increased continuity between the two lenses. Four additional holes have been completed on the Mina La Bocona target and a further two holes have been completed in the South Skarn target with assays pending.