- Silver Sands Resources (SAND) says recent results from its Virginia project in Argentina shows potential for significant new mineralization
- That mineralization is expected to be outside the current resource area
- Results are from the initial six diamond drill holes
- They represent 903 metres of the 2,831-metre Phase I exploration program
- Shares of Silver Sands are down 13.79 per cent on the day, and are trading at C$0.25
Silver Sands Resources (SAND) says recent results from its Virginia project in Argentina show potential for significant new mineralization.
That mineralization is expected to be outside the current resource area.
Results are from the initial six diamond drill holes, representing 903 metres of the 2,831-metre Phase I exploration program completed in the fourth quarter of 2020.
An additional twelve diamond drill holes for 1,928 metres have assay results pending and will be reported as results are received.
“We are extremely pleased with the initial 2020 drill results from Virginia,” said Silver Sands CEO Keith Anderson.
“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,” Anderson added.
Phase I drilling was completed at Virginia in late 2020 and tested the potential for new high-grade silver zones.
Silver Sands focuses on mineral exploration and the acquisition of mineral property assets in mining-friendly jurisdictions based in Vancouver.
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 Santa Cruz state of Argentina.
Shares of Silver Sands Resources are down 12.07 percent on the day, trading at C$0.26 at market close.
