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| Home : FMEC Funds $250,000 Option Payment and Commences Second Phase Drill Program at Cerro Las Minitas |
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Nov 26
2013 |
FMEC Funds $250,000 Option Payment and Commences Second Phase Drill Program at Cerro Las Minitas |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 26, 2013) - Southern Silver Exploration Corp. (TSX VENTURE:SSV)(FRANKFURT:SEG) ("Southern Silver") reported today that Freeport-McMoRan Exploration Corporation ("FMEC") has provided to Southern Silver $250,000 which was utilized to pay the November, 2013 periodic option payment to the optionor of the Cerro Las Minitas mineral concessions in Durango State, Mexico. To date $2.5 million has been paid from funds provided by Southern Silver and FMEC towards a total purchase price of $4 million with the balance payable as follows: |
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| Source:http://www.marketwired.com/mw/release.do?id=1856724&sourceType=3 |
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