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Southern Silver Exploration ( (TSE:SSV) ) has issued an update.
Southern Silver Exploration has reported new assay results from four drill holes on the recently acquired Puro Corazon claim at its Cerro Las Minitas project in Durango, Mexico, highlighted by a 10.4-metre interval grading 743 g/t silver equivalent, including a 3.9-metre bonanza-grade section at 1,490 g/t silver equivalent. The drilling confirms high-grade, near-surface carbonate-replacement mineralization outside the main skarn zone, extends bonanza-grade silver mineralization by 65 metres from earlier intercepts, and demonstrates continuity with shallow El Sol vein mineralization as well as broader, copper-bearing zones linked to the main Skarn Front deposit, positioning Puro Corazon as a potentially significant contributor to the overall resource and project economics as the company advances a 12,000-metre drill program and prepares updates to its mineral resource estimate and economic studies in 2026.
The most recent analyst rating on (TSE:SSV) stock is a Hold with a C$0.74 price target. To see the full list of analyst forecasts on Southern Silver Exploration stock, see the TSE:SSV Stock Forecast page.
Spark’s Take on TSE:SSV Stock
According to Spark, TipRanks’ AI Analyst, TSE:SSV is a Neutral.
The score is held back primarily by weak financial fundamentals (no revenue, continuing losses, and ongoing cash burn), partially offset by a debt-free balance sheet. Technicals are a meaningful positive with a clear uptrend and supportive momentum, and recent corporate events (financing and encouraging drill results) add upside potential, while valuation remains challenged due to negative earnings and no dividend.
To see Spark’s full report on TSE:SSV stock, click here.
More about Southern Silver Exploration
Southern Silver Exploration Corp. is a Vancouver-based mineral exploration company focused on advancing its flagship Cerro Las Minitas silver-lead-zinc project in Durango, Mexico. The company targets high-grade polymetallic deposits, particularly skarn and carbonate-replacement style mineralization, with an emphasis on building resources that can enhance the project’s overall economics in the silver and base metals sector.
Average Trading Volume: 1,555,693
Technical Sentiment Signal: Buy
Current Market Cap: C$312.8M
Learn more about SSV stock on TipRanks’ Stock Analysis page.