Encouraging Initial Drill Results At The Virginia Project
VANCOUVER - Silver Sands Resources Corp. and Mirasol Resources Ltd. reported results from the initial six diamond drill holes ("DDH"), representing 903 m (32%) of the 2,831 m Phase I exploration program completed in Q4 2020 at the Virginia Silver project, located in Santa Cruz province, Argentina. The DDH completed at Martina and Ely Central clearly show the potential for significant new mineralization outside the current resource area. An additional twelve DDH for 1,928m have assay results pending and will be reported as results are received.
"We are extremely pleased with the initial 2020 drill results from Virginia," Silver Sands' CEO, Keith Anderson, commented. "These results confirm our strong faith in the project, showing both strike potential for additional silver mineralization in known veins and indications of new mineralization in minimally to untested peripheral veins. We are excited to get the next phase of the fully funded 2021 exploration program underway to further expand the known mineralization and locate new mineralization.”
Phase I drilling completed at Virginia in late 2020 tested the potential for new high-grade silver zones to expand on the existing NI 43-101 resource1. All the drilling, except for the holes at the Magi target, focused on potential strike extensions along the known trends that host the current resource and also previously untested, but proximal and related, vein structures. Initial results confirm the potential to identify new well-mineralized structures that do not outcrop on surface. Planning for the Phase II program is progressing well and Mirasol's exploration crew is mobilizing to recommence drilling later this month.