Southern Silver Kicks Off Major Drilling Program at Puro Corazon, Mexico
Southern Silver Exploration Corp. has initiated a substantial drilling project at the Puro Corazon claim, adjacent to its Cerro Las Minitas project in Durango, Mexico. The company has also awarded incentive stock options, with results anticipated to refine the project's economic analysis in early 2026.
The drilling project, spanning 12,000 meters, will employ three drill rigs and target mineralization extensions up to 450 meters deep. It aims to test six hangingwall structures identified beyond the main Skarn Front zone. Crews have been mobilized to prepare for the drilling on the newly acquired claim, which is viewed as a significant milestone for the Cerro Las Minitas project. The acquisition promises near-term resource growth, capital efficiency gains, and enhanced project economics.
In a separate development, Southern Silver has granted incentive stock options to directors, officers, and consultants. These options allow the purchase of 13,900,000 common shares at an exercise price of $0.41 per share, exercisable over five years.
Drill results from the Puro Corazon claim will be incorporated into the current modeling of the Cerro Las Minitas project, with an updated Technical Report and Preliminary Economic Assessment (PEA) expected in Q1 2026. The drilling project, commencing immediately, is a significant step towards bolstering the project's economics and resource potential.
Read also:
- Web3 social arcade extends Pixelverse's tap-to-earn feature beyond Telegram to Base and Farcaster platforms.
- Germany's Customs Uncovers Wage, Immigration Violations in Hotel Industry
- Thriving once more: recovery of the gaming sector's downfall
- FKS Inspections Uncover Wage, Security, and Employment Violations in Hotel and Catering Industry
