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Southern Silver Exploration ( (TSE:SSV) ) just unveiled an update.
Southern Silver Exploration reported new assay results from four additional drill holes on the recently acquired Puro Corazon claim at its Cerro Las Minitas project in Durango, Mexico, highlighted by a 15.3-metre interval grading 581g/t silver equivalent and a 22.0-metre interval grading 426g/t silver equivalent. The latest drilling extends high-grade, silver-enriched polymetallic mineralization down-dip and along strike, confirms continuity of a replacement lens to about 235 metres below surface, and supports the company’s effort to link Puro Corazon mineralization with its existing Skarn Front and El Sol deposits as it works toward an updated mineral resource estimate, with 21 of 22 planned core holes now completed or in progress and further assay results pending.
The most recent analyst rating on (TSE:SSV) stock is a Hold with a C$0.98 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 fundamentals (no revenue, ongoing losses, and negative operating/free cash flow), partially offset by a strong debt-free balance sheet. Technicals are a key positive with a clear uptrend and supportive momentum, while valuation is constrained by negative earnings and no dividend data.
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 Cerro Las Minitas polymetallic project in Durango, Mexico. The company targets silver-rich deposits with associated lead, zinc and copper, aiming to build resources in a key Mexican mining district known for large-scale silver and base metal operations.
Average Trading Volume: 1,652,503
Technical Sentiment Signal: Buy
Current Market Cap: C$397.1M
For detailed information about SSV stock, go to TipRanks’ Stock Analysis page.