Mineralization Footprint Expands At Virginia Project

VANCOUVER - Silver Sands Resources Corp. reported the remaining results from the Phase I Drilling Program completed in December 2020. The drilling program exceeded management's expectations as it has extended known mineralization along strike at Julia South, Martina SE and Ely Central; added new zones of mineralization along known vein structures and identified new zones of mineralization within previously untested veins. The results from Phase I drilling support management's belief that the global silver resource of the Virginia vein field can be increased significantly.

Highlights include: Extension of known mineralization at Julia South: Julia South - 124.43 g/t silver over 8.5m, including 168.34 g/t silver of 3.9m; Extension of known mineralization at Ely Central; Ely Central - 50.14 g/t silver over 3.00m; New zones of mineralization along strike; Martina SE - 70.8 g/t silver over 13.05m, including 149.54 g/t silver over 3.13m and 596.54 g/t silver over 0.3m; New zones of mineralization in previously untested veins; Julia South Extension - 140.27 g/t silver over 4.2m, including 483 g/t silver over 0.35m; 7 of the 18 drill holes intersected zones in excess of 100 g/t silver, with a further 5 returning values of 30 g/t to 100 g/t silver, that's 12 of 18 holes in total; and Shallow high-grade silver mineralization identified in 6 new zones

As previously reported, surface mapping and sampling, IP, trenching and previous drilling in the southern and eastern parts of the project are all suggesting that the vein systems on the south and east part of the project are at higher levels in the local volcanic system which require deeper drilling to test the mineralized zones. The geologists are adjusting the location and angle of the Phase II drill holes accordingly.

"The 2020 drilling campaign exceeded our expectations and supports our firm belief in the project," said, CEO Keith Anderson. "The goal of our exploration campaigns remains building and significantly increasing the global silver resource at Virginia leading to an updated resource estimate in H2 2021. The IP, trenching and drilling is therefore focussed on strike extensions, new mineralization along known veins and mineralization in new veins, not redrilling previously known mineralization. The current fully funded Phase II program is well underway with 1507 meters in 10 holes completed as of February 19. Samples from some of the first holes have been dispatched to the assay lab.”

A total of 2,831 meters was completed in 18 holes during Phase I, testing and confirming the presence of new well-mineralized structures not captured in the initial NI 43-101 resource, clearly demonstrating the potential to significantly grow the existing silver resource.The drilling has indicated structure is going to be key going forward, as expected in epithermal vein fields. Down dropped blocks and post mineralization displacement (faulting) appear to be playing an important role, with new structural interpretations incorporated into the current Phase II program targeting. In Julia South for example, drilling intersected the upper levels of the system as defined by low temperature silica species and lower silver values, suggesting the Julia South block is down-dropped relative to Julia Central and North, and high-grade mineralized shoots similar to Julia Central and North may exist at depth.

Additionally, several holes intercepted hematite matrix breccia containing silica clasts; these breccias, typically occurring at higher levels in the mineralized system, commonly contain mineralized clasts from deeper parts of the system, suggesting mineralized shoots may be intersected deeper, again suggesting faulting has dropped the mineralized portion of the vein deeper. Again, this new structural interpretation is incorporated into the current Phase II program targeting. Surface mapping and sampling, IP, trenching and previous drilling in the southern and eastern parts of the project are all suggesting these areas represent higher levels in the local volcanic stratigraphy and epithermal column, deeper drilling to test the targets for preserved and mineralized zones.