Author: Josue Gomez

Lawrence Page, Q.C., Southern Silver’s President and Director, stated: “Sole ownership of the CLM Project inclusive of the significant resources developed to date allows us great latitude in developing the Project for substantial resource growth. The Transaction also provides a 150% increase in attributable resources which is highly accretive to Southern Silver shareholders. An extensive diamond drill program will begin within the next two weeks designed to develop previously identified mineralization east of the intrusion for ultimate inclusion into the existing resource calculation.”

GR Silver Mining President and CEO, Marcio Fonseca, commented, “We continue to encounter evidence of a large hydrothermal system at the Plomosas Mine Area with the identification of wide mineralized intervals or high grade zones representing mulltiple mineralization styles and events.”

“We are pleased to have completed further underground and surface sampling at San Celso and Los Campos. In total, 12 samples were collected across the projects as well as some surface reconnaissance on neighbouring ground on strike south of the San Celso project area with signs of further historic mining. The results further validate the high-grade underground grades; the continuity away from the historic workings encourages us to push ahead with the next stage drilling work.”

“With significant step-outs and successful results to date, the drill program is going a long way in expanding the resource El Dorado which is still open in several directions. We look forward to incorporating these results and the on-going drilling into a new resource estimate at El Dorado. This bodes well as we continue to move the Las Minas project towards a preliminary economic assessment study in early 2021,” stated Philip O’Neill, Chief Executive Officer.