VANCOUVER, BC, April 12, 2021 — Silver Sands Resources Corp. (“Silver Sands” or the “Company”) (CSE: SAND) (OTCQB: SSRSF) is pleased to provide an update on the on-going Phase II exploration program at its Virginia Silver Project in Santa Cruz Province, Argentina. The Phase two program of IP and diamond drilling commenced in late January.
“We just completed the drilling component of Phase II with 3,100 metres drilled in 20 holes, and all samples are now at the lab. The primary objective of the Phase II program is to build on the success of Phase I and continue to increase the mineralized footprint at Virginia,” commented Silver Sands CEO Keith Anderson.
“We are also very excited with the results from the IP work completed directly to the north east. These new IP results are very similar to the results that encompass the known conceptual open pits, suggesting the north east area of the Virgina project has the potential for new resource expansion. We see similar chargeability anomalies and responses to the existing veins on the property,” he continued. “Longer term, we are targeting an updated resource estimate late H2 2021. We are currently sufficiently funded to complete a Phase III drilling program and complete the resource estimate,”
The drilling plan (Figure 1) shows the success to date with 6 newly identified areas for anticipated resource expansion:
New mineralized zone expanding the existing Martina mineralized zone along strike at Martina SE;
Identification of new mineralized zone along the Ely Vein at Ely North and Ely Central;
Identification of new mineralized zone along the Julia Vein at Julia South Extension;
Identification of new mineralized zone along the Martina Vein at Martina NW and Martina SW
These targets were the primary focus of the current drill campaign. Twenty holes totaling 3104 metres were drilled in Phase II, as shown in Figure 1. All samples have been dispatched to the laboratory for analysis.
The Pole DiPole Induced Polarization (PDP IP) program (Figure 2) identified several linear anomalies yielding chargeability responses similar to those of the known veins:
A potential series of a parallel veins in the Florencia area;
A potential series of parallel veins in the Maos area;
The IP chargeability clearly shows the faulted nature of the potential vein structures, mirroring the faulted nature of the Naty, Julia and Ely vein structures.
Field crews continue to evaluate these linear anomalies through mapping and sampling in preparation of trenching and subsequent drilling. The Company anticipates further resource expansion to be developed within a number of these targets.
In addition, the potential series of parallel and convergent veins in a yet to be named area in the northeast corner of the map will surveyed with PDP IP to pinpoint targets for subsequent exploration.
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https://www.silversandscorp.com/20210412-silver-sands-updates-phase-ii-exploration-program-at-virginia-project |
