Southern Silver Extends Private Placement Closing for Cerro Las Minitas Project

Southern Silver Exploration ( (TSE:SSV) ) just unveiled an update.

Southern Silver Exploration Corp. has received a 30-day extension from the TSX Venture Exchange to complete their non-brokered private placement, aiming to raise $2.2 million for advancing their Cerro Las Minitas project in Durango, Mexico. The proceeds will support a 6,000-meter drill program, further project advancements, and general corporate needs, enhancing the company’s strategic positioning in a lucrative mining jurisdiction.

More about Southern Silver Exploration

Southern Silver Exploration Corp. is an exploration and development company focused on discovering world-class mineral deposits. They primarily operate in major jurisdictions with a specific emphasis on their Cerro Las Minitas silver-lead-zinc project in Mexico’s Faja de Plata. Their property portfolio also includes the Oro porphyry copper-gold project and the Hermanas gold-silver vein project.

YTD Price Performance: -2.50%

Average Trading Volume: 219,326

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$60.34M

For detailed information about SSV stock, go to TipRanks’ Stock Analysis page.