Impact: Positive
Southern Silver released additional assays from seven drill holes at its 100%-owned Cerro Las Minitas (CLM) Ag-Pb-Zn project in Durango, Mexico. Drilling continues to extend both shallow Au-Ag enriched oxide mineralization, and high-grade polymetallic sulphide mineralization laterally and at depth at the Mina La Bocona (Bocona) target on the east side of the property. We continue to view the interception of mineralization in this area as encouraging, as it lies completely outside of the ~272M oz AgEq indicated and inferred resource area. We continue to believe Southern Silver is undervalued and expect its share price to re-rate towards our target on the back of further exploration success.