- Silver Sands (CSE:SAND) is beginning the second phase of a drilling program at its Virginia Silver Project
- The project is located in the Santa Cruz province of Argentina
- Drilling will continue testing gaps and extensions of the principal veins
- The program will follow up on a successful phase I program completed in November, 2020
- Silver Sands Resources is down 5.00 per cent on the day, with the company’s shares trading at C$0.28 at 3:14 p.m. EST
Silver Sands (CSE:SAND) is beginning the second phase of a drilling program at its Virginia Silver Project.
The phase II drilling program will continue testing gaps and extensions of the principal veins at the project, which is located in the Santa Cruz province of Argentina.
This program will follow up and build on the successful 2,831-metre phase I drill program completed in November, 2020.
The aim of 2021 exploration remains extending known mineralization and testing new targets to increase the 2016 resource with an updated resource estimate targeted for late 2021. The 2016 resource contains 11.9 million indicated ounces of silver at 310 grams per tonne of material and 3.1 million inferred ounces of silver at 207 grams per tonne of material, within seven conceptual open pits.
In addition, holes will follow-up and drill down dip and adjacent to some of the better intersections returned during the phase I program.
“We were very pleased to encounter significant intersections in 2 of our first 6 holes as we looked at increasing the lateral extent of mineralization at both Ely Central and Martina SW. The Phase II program is further targeting both of these zones, along with some of the other principal veins and new targets generated from the Phase I trenching and IP programs,” said Silver Sands CEO Keith Anderson.
Silver Sands is Vancouver-based resource company engaged in the business of mineral exploration and the acquisition of mineral property assets in mining-friendly jurisdictions.
Its objective is to locate and develop economic precious and base metal properties of merit. Its key asset is the Virginia silver project, located in the mining-friendly Santa Cruz state of Argentina.
Silver Sands Resources is down 5.00 per cent on the day, with the company’s shares trading at C$0.28 at 3:14 p.m. EST.
