Phase II Drilling Discovers New High-Grade Zone At Ely Central At Virginia Silver Project
VANCOUVER - Silver Sands Resources Corp. reported the discovery of a new high-grade zone at Ely Central from the Phase II exploration program completed in Q1 at its Virginia Silver Project in Santa Cruz Province, Argentina. Phase II included 20 diamond drill holes totaling 3,104m, bringing the total meters completed during the field season to 5,935. The Phase II program of IP and diamond drilling commenced January.
Drilling at Ely Central identified an emerging 200m open-ended strike length with intersections including: EC-DDH-003: 9.98m at 560 g/t Ag, Including 2.87m at 1,578 g/t Ag; EC-DDH-004: 9.60m at 639 g/t Ag; and EC-DDH-005: 10.80m at 625 g/t Ag, Including 5.70m at 1,110 g/t Ag.
"Phase II drilling has confirmed our hypothesis that drilling known veins along strike will result in an expansion of the current resources and define the Virginia Project as a significant silver project. As a result of the spectacular assays at Ely Central (including EC-DDH-001 intersecting 10.8m at 625 g/t Ag, including 5.7m at 1,110 g/t Ag) we can now see the potential for the Ely zones to extend to over 1.3 km along strike length," said, CEO, Keith Anderson. At Ely Central we have now delineated 200 m of continuous silver mineralization. Additionally, a large, highly prospective, 280m-long untested "gap" in the Ely structure exists to the south of EC-DDH-004 and a highly prospective, 120m-long untested "gap" in the structure exists to the north of EC-DDH-005. Ely Central is located between the Ely North conceptual open pit and Ely South conceptual open pit from the 2016 resource."
"On top of our drilling success, we see significant resource expansion potential to the northeast, where the Phase II IP survey previously released shows a completely new area of potential mineralization to the North-East with very similar signatures to the Ely and Naty structures. We are also very excited about the area NE of the resource, where IP geophysics has highlighted several potential structures that may host mineralization at depth. So far almost all of our 2016 resources are located close to surface (0 to 150m), while other operating mines within the Deseado Massif, including those closer to Virginia are producing from veins at depths up to 400m. We continue to work toward an updated resource estimate late H2 2021 and are sufficiently funded to complete a Phase III drilling program and complete the resource estimate," Anderson said.