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exploration|project|resources

Southern Silver consolidates Cerro Las Minitas holding

23rd June 2020

By: Creamer Media Reporter

     

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TSX-V-listed Southern Silver Exploration has executed an agreement to buy Electrum Global Holdings’ 60% indirect interest in the Cerro Las Minitas (CLM) project, in Durango, Mexico, for $15-million.

The cash and stock transaction will increase Southern Silver’s working interest in the project from 40% to 100%, giving it full ownership of a “premier” polymetallic deposit.

CLM has an indicated resource of 134-million silver-equivalent ounces and inferred resources of 138-million silver-equivalent ounces.

The transaction, Southern Silver says, makes the company a more attractive takeover target.

Edited by Creamer Media Reporter

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