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Southern Silver acquires Mexico's Nazas project, committing to payments and drilling to gain full control.
Southern Silver Exploration Corp. has agreed to acquire the Nazas exploration project in Durango, Mexico, covering 2,189 hectares.
To earn a 100% interest, they must pay $130,000 over three years and complete 8,000 meters of drilling over four years.
The project, located near Endeavor Silver's Pitarilla Deposit, is subject to a 2% net smelter return royalty that halves upon reaching $10 million in payments.
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Southern Silver adquiere el proyecto mexicano Nazas, comprometiéndose con pagos y perforaciones para obtener el control total.