Southern Silver Exploration Corp. reported today results from the first three drill holes of the Phase II, San Luis core drilling program which have extended both the on-strike and down-dip projection of the mineralized vein system. Four drill holes have been completed to date and a fifth drill hole is currently in progress and will be completed upon the return of the drill crew from break in mid July. Assays from holes four and five of the Phase II program will be released when available.
Significant Phase II Assay Results from San Luis Zone:
|
Hole #
|
Collar Data
|
|||||||||
|
AZ
Deg |
DIP
Deg |
Depth
m |
From
m |
To
m |
Interval
|
Est. True
Thck m |
Au
g/t |
Ag
g/t |
Cu
% |
|
|
07SL-03
|
180
|
-71
|
237
|
195.85
|
199.20
|
3.35
|
1.62
|
5.07
|
49.81
|
4.32
|
|
inc.
|
197.00
|
199.20
|
2.20
|
1.07
|
7.51
|
74.60
|
6.43
|
|||
|
07SL-04
|
180
|
-60
|
149.8
|
103.25
|
113.50
|
10.25
|
6.59
|
2.05
|
12.88
|
0.34
|
|
inc.
|
107.80
|
110.30
|
2.50
|
1.61
|
4.58
|
30.80
|
0.65
|
|||
|
07SL-05
|
180
|
-60
|
246.0
|
155.25
|
196.35
|
41.10
|
26.42
|
0.62
|
8.70
|
0.47
|
|
inc.
|
187.30
|
189.80
|
2.50
|
1.61
|
3.44
|
6.1
|
2.29
|
|||
Drilling has tested a four hundred metre strike length of vein to depths of between 100 metres to 188 metres below surface. Mineralization strengthens both to the east and down dip of two previously reported drill holes (see Southern Silver NR-07-07) with the strongest mineralized interval (7.51g/t Au, 74.6g/t Ag and 6.43% Cu over 1.07 metres) occurring within the deepest test of the vein. Strong argillic alteration associated with the thickest zone of mineralization reported to date (0.62 g/t Au, 8.70 g/t Ag and 0.47 % Cu over 26.42 metres in hole 07SL-05) may reflect a easterly vector towards a hotter part of the mineralizing system. Mineralization remains open in all directions.
The company also reported that it’s winter 2007 surface exploration program is nearing completion and will be suspended in the short-term due to the on-set of the rainy season. Over 60 line-kilometres of IP geophysics have been completed with additional geophysical targets identified on both the San Luis and Magistral Mine grids. Data from several of these targets, including recent surface sampling, is currently being compiled and reviewed.
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 furth er 2,500 metres of drilling is planned on the Magistral Mine and several other targets identified during the 2007 surface exploration program.
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”
Lawrence Page QC, President, Director
Southern Silver Exploration Corp.
For further information visit www.southernsilverexploration.com or please contact Jay Oness at 1-888-456-1112 / 604-684-9384 or by email at corpdev@mnxltd.com