Southern Silver Exploration Hits Massive Silver Strike
The Gold Bull Sep 21, 2026 4:30
Summary
Long, high-grade silver intercepts at Cerro Las Minitas could materially upgrade Southern Silver's project economics and resource base.
Hole 225 returned 35 meters at 399 g/t silver-equivalent — the standout hit — under the historic Alcorazan workings.
Two shorter holes (226 at 5.2m of 598 g/t and 227 at 5.3m of 850 g/t) reinforce the high-grade thesis beneath former mine workings.
Updated mineral resource estimate (Q4 2026) and PEA (Q1 2027) are the next catalysts; higher silver prices since the prior study help too.
At a $242M market cap against ~300M ounces of silver-equivalent resource, the stock screens cheap if the updated PEA delivers.
Key points on Southern Silver Exploration Corp
- The guest highlights three strong drill intercepts at the recently acquired Pure Alcorazan claim block beside the Cerro Las Minitas project in Mexico — hole 225 returned 35 meters at 399 g/t silver equivalent, hole 226 returned 5.2 meters at 598 g/t silver, and hole 227 returned 5.3 meters at 850 g/t silver equivalent.
- The speaker argues these new hits, alongside prior results such as hole 203 (10.5 m at 1,115 g/t silver equivalent) and hole 217 (6.3 m at 886 g/t silver equivalent), make a substantially better updated mineral resource estimate likely.
- The guest flags two near-term catalysts as of 2026-09-21: an updated mineral resource estimate in Q4 2026 and an updated PEA in Q1 2027.
- The speaker notes the prior PEA already showed reasonable economics — $388M initial capex, $550M after-tax NPV, and a 21.2% IRR — on low silver prices, and argues the new PEA should look better given higher current silver prices and the new drill results.
- The guest calls the $242M market cap 'not expensive' relative to the existing resource of about 300 million ounces of silver equivalent at roughly 250 g/t.