Phase II Exploration Program At Virginia Project
VANCOUVER - Silver Sands Resources Corp. reported 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.
"We just completed the drilling component of Phase II with 3,100 meters 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 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.
The Virginia hosts an epithermal vein field, meaning the silver deposits within the veins formed at a relatively consistent depth, approximately 1000 meters below the paleosurface, or the earth's surface at the time of deposition. In an ideal situation, erosion through time would bring the silver deposits to surface, where they would be discovered as they were at Julia Central and Julia Norte. However, faulting of the rock units hosting the veins, as clearly shown in the vein geology and the IP, has disturbed the veins along strike and to the east. Recent drilling has shown Julia South has been faulted and dropped, meaning the silver deposits at Julia South are deeper than those at Julia Central and Julia Norte. Folding or faulting has also dropped the rock units to east of Julia and Ely, meaning silver deposits in those veins (Martina, Margarita, Magi are deeper than those at Julia Central and Norte.