Southern Silver Exploration (TSX VENTURE:SSV)(FRANKFURT:SEG) announced that the company has signed a Letter of Intent with a private vendor to acquire a 100% interest in the San Juan gold-silver project in Sinaloa State, Mexico.

The press release is quoted as saying:

Southern Silver also reported that Phase I drilling on its Oro project located in southern New Mexico continues. Four core holes, for a total of 1239 metres have been completed which tested four separate target areas within a +2km long mineralized corridor located in the historic Eureka mining district of southern New Mexico. Drilling of a fifth hole will commence once drill crews have returned from break. Core logging and sampling is proceeding and assays are pending.

Click here to access the entire press release ^[1]

Click here to access Southern Silver Corporate Site ^[2]