{"url":"https://newsforagent.com/news/2026-10-20/southern-silver-cerro-las-minitas-drilling","markdown_url":"https://newsforagent.com/news/2026-10-20/southern-silver-cerro-las-minitas-drilling.md","title":"Southern Silver Advances Cerro Las Minitas Drilling","headline":"Southern Silver Advances Cerro Las Minitas Toward Updated Resource Estimate and PEA","description":"Southern Silver is advancing its Cerro Las Minitas silver-lead-zinc project in Durango, Mexico, after additional drilling across multiple mineralized zones.","section":"Expansion","published_at":"2026-10-20T18:40:30+00:00","modified_at":"2026-10-20T18:40:30+00:00","author":"News Desk","key_takeaways":["Southern Silver Exploration is advancing its Cerro Las Minitas silver-lead-zinc project in Durango, Mexico, after additional drilling across multiple mineralized zones.","The company is working toward an updated mineral resource estimate and PEA while evaluating opportunities to expand the project's resource base.","Southern Silver closed a C$15 million LIFE private placement in April 2026 to fund advancement of Cerro Las Minitas and general corporate purposes."],"companies":[{"name":"Southern Silver Exploration","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0004rm8/southern-silver-exploration","website":"http://southernsilverexploration.com"}],"source":{"publisher":"Stock Titan","title":"Southern Silver advances Cerro Las Minitas project","url":"https://www.stocktitan.net/news/SSVFF/video-ceo-clips-southern-silver-advancing-a-large-scale-silver-kxwz4rq6otgq.html"},"other_sources":[],"tags":["Expansion","Southern Silver Exploration"],"body_markdown":"[Southern Silver Exploration](https://akta.pro/company-profiles/0004rm8/southern-silver-exploration) Corp. is advancing its flagship Cerro Las Minitas silver-lead-zinc project in Durango, Mexico, after additional drilling across multiple mineralized zones, the company said. [Stock Titan](https://www.stocktitan.net/news/SSVFF/video-ceo-clips-southern-silver-advancing-a-large-scale-silver-kxwz4rq6otgq.html) reported the update on October 20, 2026.\n\n## Southern Silver's Cerro Las Minitas Drilling and Next Steps\n\nSouthern Silver Exploration is a Canadian mineral exploration and development company focused on high-grade silver-lead-zinc and polymetallic deposits in Mexico and the United States, with Cerro Las Minitas as its flagship project. Management describes Cerro Las Minitas as one of the larger, higher-grade silver-based projects globally, according to the company.\n\nThe company is working toward an updated mineral resource estimate and a preliminary economic assessment, or PEA, following the additional drilling. Southern Silver is also continuing to evaluate opportunities to expand the project's resource base. The company's own [project page](http://southernsilverexploration.com) lists Cerro Las Minitas among its assets.\n\n## Southern Silver's Funding for Cerro Las Minitas\n\nAccording to [akta.pro company records](https://akta.pro/company-data), Southern Silver closed a C$15 million LIFE private placement in April 2026 to fund advancement of the Cerro Las Minitas project in Durango, Mexico, and general corporate purposes. The same records show the company closed the first tranche of a non-brokered private placement in June 2026 for gross proceeds of approximately C$2.2 million to fund up to 12,500 meters of infill drilling at the Puro Corazon target and a mineral resource estimate update. Southern Silver's total funding stands at $19.8 million, with six funding rounds on record.\n\n## Earlier Drilling and Placements at Cerro Las Minitas\n\nIn July 2026, Southern Silver reported 2.8 meters of 757 grams per tonne silver equivalent and 3.2 meters of 479 grams per tonne silver equivalent from underground channel sampling at the Puro Corazon mine, according to Newsfile. In May 2026, the company amended a non-brokered private placement to offer up to 7,272,726 common shares at $0.55, raising up to $4 million.30, with proceeds to fund the Cerro Las Minitas project including infill drilling of up to 12,500 meters in Phase 1, Newsfile reported. Earlier that month, Southern Silver announced a non-brokered private placement of up to 6,666,666 common shares at $0.60 each for gross proceeds of up to C$4.0 million, according to Newsfile.\n\n## What Comes Next for Cerro Las Minitas\n\nThe company is working toward an updated mineral resource estimate and PEA for Cerro Las Minitas, following the additional drilling across multiple mineralized zones.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}