Southern Silver Exploration Corp - Mining Stock Analysis & Updates
Latest News and Market Performance for Southern Silver Exploration Corp
Perm ID: 1-4296583435
https://www.southernsilverexploration.com/
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Press Releases
Southern Silver Returns 8.9 metres of 222g/t AgEq in South Skarn Drilling, Cerro Las Minitas Project Mexico
Southern Silver Exploration Corp. announced successful Q4 '24 drilling results at the South Skarn deposit in Mexico, extending mineralization. Key findings include high-grade silver, gold, copper, and zinc intervals, indicating significant mineral potential.
Southern Silver Closes Non-Brokered Private Placement
Southern Silver Exploration Corp. closed a non-brokered private placement, raising $3.58 million by issuing nearly 20 million units. Proceeds will fund the Cerro Las Minitas project and the Nazas property development. All issued securities are subject to a hold period.
Southern Silver Announces Additional Increase to Non-Brokered Private Placement
Southern Silver Exploration Corp. is increasing its non-brokered private placement from $3M to $3.6M, offering 20M units at $0.18 each. Proceeds will fund the Cerro Las Minitas project and general corporate needs, pending regulatory approvals.
Southern Silver Increases Non-Brokered Private Placement
Southern Silver Exploration Corp. has increased its non-brokered private placement from $2.52 million to $3 million due to heightened interest. The funds will support the Cerro Las Minitas project in Mexico and general corporate needs, pending regulatory approvals.
Southern Silver Options Nazas Property, Mexico
Southern Silver Exploration Corp. has signed a letter agreement to acquire the Nazas exploration project in Durango, Mexico. The agreement allows the company to earn a 100% interest by making cash payments and completing drilling, with specific royalty terms outlined.
Southern Silver Revises Terms for Previously Announced Non-Brokered Private Placement
Southern Silver Exploration Corp. has revised its private placement terms to issue 14 million units at $0.18 each, raising $2.52 million. Proceeds will support the Cerro Las Minitas project in Mexico and cover corporate expenses. Regulatory approvals are pending.
Southern Silver Extends Closing of Non-Brokered Private Placement
Southern Silver Exploration Corp. has received a 30-day extension from the TSX Venture Exchange to close a non-brokered private placement of up to 10 million units at $0.22 each, raising $2.2 million for advancing the Cerro Las Minitas project and corporate purposes.
Southern Silver Announces Non-Brokered Private Placement
Southern Silver Exploration Corp. intends to conduct a non-brokered private placement of 10 million units at $0.22 each, aiming to raise $2.2 million. Each unit includes one common share and a half of one share purchase warrant, which allows the holder to buy one common share at $0.32 for two years. Proceeds will be used to progress the Cerro Las Minitas project in Durango, Mexico, and for general corporate and working capital purposes. The Offering and any finders' fees are still subject to regulatory approval.
Southern Silver Initiates Drilling and Baseline Data Collection and Related Studies at its Cerro Las Minitas Project in Mexico
Southern Silver Exploration Corp. has begun drilling on its fully-owned Cerro Las Minitas, Ag-Pb-Zn property in Durango, Mexico. The initial stage plans for up to 6,000m of core drilling to test further extensions of shallow, high-grade mineralization. The aim of the drilling is to demonstrate continued shallow resource growth potential and enhance the project's economics. The company will also carry out baseline data collection, hydrology, geotechnical, archaeological, and land surveys and studies to reduce risk and advance the project.
Southern Silver Provides Corporate Update
Southern Silver Exploration Corp. announced that all resolutions detailed in the Company's notice of meeting were passed by the majority of shareholders at their annual general meeting on October 23, 2024. The shareholders re-appointed Smythe LLP as the company's auditor and approved the company's rolling incentive stock option plan. The plan reserves a maximum of 10% of issued shares for issuance under the plan and is subject to TSX Venture Exchange acceptance. The company also re-elected its current directors and expressed gratitude to Eugene Spiering, who has retired from the Board. The company focuses on discovering world-class mineral deposits, with a primary emphasis on its Cerro Las Minitas silver-lead-zinc project located in Mexico's Faja de Plata.
