Southern Silver Exploration Corp. reported today assay results from the first two holes (CLM-087/-088) from 2016 core drilling on the Cerro Las Minitas project, Durango State, Mexico which identified a new thick interval of continuous polymetallic semi-massive and massive sulphide mineralization in drill hole 15CLM-088. Highlights from drill hole CLM-088 include:

Pete Dougherty, President & CEO stated: “With the EIS already completed and now that we have come to an agreement on the land for the San Agustin project and filed our permit application, we expect to receive a permit decision during the third quarter of 2016. Assuming a positive construction decision in the fourth quarter of 2016, we would anticipate first gold production from San Agustin in the third quarter of 2017.”

“We are thrilled to have the ability to continue expanding our operations in these rising metals markets. The new powerline provides enough energy to power our existing operations, the future oxide tailings resource operation, as well as another near-term expansion at the mill, leaving 1 MW of excess capacity for further expansion”.

N. Eric Fier, CPG, P.Eng, President & CEO commented, “We are pleased with the results received to date from the underground rehabilitation program and early indications of mineralization in core from the surface drilling program at Las Chispas. On April 27, 2016, the SilverCrest team safely ascended to the 400 level of the Las Chispas vein and started the first systematic channel sampling in over 90 years. We are sampling underground areas that are easily accessible in our efforts to confirm high grade continuity at Las Chispas, while targeting areas for potential resource estimation and future bulk sampling. Based on our initial success, we have elected to expand the surface drill program to further test extensions of mineralization. The Company is well financed with $5.6 million in the cash to cover all intended exploration expenditures in 2016.”

Mr. Alain Lambert, Chairman and C.E.O. of Cyprium stated: “The level 4 stope of the Tunel body of the Potosi silver mine forms part of our initial focus for mine development and extraction of mineralized material through shaft No. 3. Consistent with our business plan to put emphasis on short-term cash generation to fund the systematic development of the mine, our mining activities will start with the richer South Zone A and North Zone.” Mr. Lambert concluded: “We are currently finalizing the evaluation work in order to add further areas of mine development and extraction activities within the Tunel body’s levels 2 to 4. Our goal is to start extracting mineralized material from at least three different areas when drilling and blasting starts. “