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Tuesday, June 23, 2020 - 5:03:50 PM
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Mining News Pro - Southern Silver Exploration has executed an agreement to buy Electrum Global Holdings’ 60% indirect interest in the Cerro Las Minitas (CLM) project, in Durango, Mexico, for $15-million.
The cash and stock transaction will increase Southern Silver’s working interest in the project from 40% to 100%, giving it full ownership of a “premier” polymetallic deposit.
CLM has an indicated resource of 134-million silver-equivalent ounces and inferred resources of 138-million silver-equivalent ounces.
The transaction, Southern Silver says, makes the company a more attractive takeover target.
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https://www.miningnews.ir/En/News/552725
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