VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 16, 2016) – Southern Silver Exploration Corp. (TSX VENTURE:SSV)(FRANKFURT:SEG1)(SSE:SSVCL) (“Southern Silver”) has completed the purchase and obtained legal title to land at the Cerro Las Minitas project formerly held by the vendor of the mineral claims to Southern Silver.
As part of the July, 2015 agreement, the Company negotiated the cessation of mining rights on the property by the vendor, the acquisition of all mining equipment on the claims and the purchase of a 5.9 hectare surface lot which partially overlies the Blind and El Sol mineral deposits. The surface lot surrounds two shafts that the property vendor used for small-scale mining (<50tpd) during the term of the option of the Cerro Las Minitas mineral tenures.