Southern Silver Exploration Corp. (TSXV:SSV,FWB:SEG) announced a non-brokered private placement where they plan to issue up to 15,000,000 units at a price of $0.05 per Unit to raise $750,000. An exploration program at the Cerro Las Minitas project in Mexico is also expected to commence shortly.
As quoted in the press release:
Freeport-McMoRan Exploration Corporation plans to begin a concession-wide exploration program at the Cerro Las Minitas project in Durango, Mexico, consisting of deep-seeing IP/resistivity geophysical and soil geochemical surveys, starting in January 2013. This is expected to be followed by a drilling program to be designed based on the results of the exploration program, as well as follow-up of historical drill intercepts, commencing in March 2013.