Southern Silver Intersects 5.8 metres averaging 781g/t AgEq at Cerro Las Minitas Project in Durango, Mexico
Southern Silver Exploration Corp.
The most recent news release (February 09, 2026) reports high-grade drill results from the final stages of a 22-hole diamond drilling program at the Cerro Las Minitas (CLM) project in Durango, Mexico. Highlighting the release is hole 25CLM-212, which intersected 4.3 metres (estimated true thickness) of 715g/t Ag, 7.5% Pb, and 1.0% Zn (approximately 1,023g/t AgEq). The results successfully extend mineralization to depth (over 360m below surface) and demonstrate lateral continuity within the newly integrated Puro Corazon claim. The company has completed 21 of 22 planned holes and expects final assays by the end of Q1 2026, which will feed into an updated Mineral Resource Estimate (MRE) and a subsequent Preliminary Economic Assessment (PEA).
- Integration of Puro Corazon: The historical news flow shows a strategic pivot starting in September 2025 with the acquisition of the Puro Corazon claim. This 9-hectare "missing piece" is proving to be a high-grade engine for the larger CLM project. The consistency of results (1,115g/t AgEq in Dec 2025, 581g/t AgEq in Jan 2026, and 781g/t AgEq now) confirms that this area will significantly improve the grade profile of the early-stage mine plan.
- Improving Project Economics: The 2024 PEA (pre-acquisition) already showed a robust after-tax NPV5% of US$501M. The current drilling suggests that the upcoming 2026 PEA will likely feature higher head grades and better sequencing, potentially increasing the IRR beyond the previously stated 21.2%.
- Depth Extension: Intersecting mineralization 360m below the surface at Puro Corazon indicates that the "Skarn Front" deposit—the project's largest resource—remains open and higher-grade than the previous model assumed.
- Execution Reliability: Management has followed through on the 12,000m drill program timeline and financing requirements without significant delays, maintaining a clear path toward the Q2 2026 economic update.
Southern Silver is a Canadian-listed explorer focused on the Cerro Las Minitas (CLM) project in Durango, Mexico. The project is one of the world's largest undeveloped silver-lead-zinc deposits. - Flagship Project: Cerro Las Minitas (CLM). - Location: Durango, Mexico (mining-friendly jurisdiction). - Current Resource: 43.4 Moz Ag (Indicated) and 83.4 Moz Ag (Inferred), plus significant Lead and Zinc. Total AgEq is substantially higher. - Stage: Advanced Exploration / PEA Stage.