Vancouver, British Columbia–(Newsfile Corp. – April 12, 2021) – Silver Sands Assets Corp. (CSE: SAND) (OTCQB: SSRSF) (“Silver Sands” or the “Firm”) is happy to offer an replace on the on-going Part II exploration program at its Virginia Silver Mission in Santa Cruz Province, Argentina. The Part two program of IP and diamond drilling commenced in late January.
“We simply accomplished the drilling part of Part II with 3,100 metres drilled in 20 holes, and all samples are actually on the lab. The first goal of the Part II program is to construct on the success of Part I and proceed to extend the mineralized footprint at Virginia,” commented Silver Sands CEO Keith Anderson.
“We’re additionally very excited with the outcomes from the IP work accomplished on to the north east. These new IP outcomes are similar to the outcomes that embody the recognized conceptual open pits, suggesting the north east space of the Virgina mission has the potential for brand spanking new useful resource growth. We see related chargeability anomalies and responses to the prevailing veins on the property,” he continued. “Long run, we’re focusing on an up to date useful resource estimate late H2 2021. We’re at the moment sufficiently funded to finish a Part III drilling program and full the useful resource estimate,”
The drilling plan (Determine 1) reveals the success to this point with 6 newly recognized areas for anticipated useful resource growth:
- New mineralized zone increasing the prevailing Martina mineralized zone alongside strike at Martina SE;
- Identification of recent mineralized zone alongside the Ely Vein at Ely North and Ely Central;
- Identification of recent mineralized zone alongside the Julia Vein at Julia South Extension;
- Identification of recent mineralized zone alongside the Martina Vein at Martina NW and Martina SW
These targets have been the first focus of the present drill marketing campaign. Twenty holes totaling 3104 metres have been drilled in Part II, as proven in Determine 1. All samples have been dispatched to the laboratory for evaluation.
The Pole DiPole Induced Polarization (PDP IP) program (Determine 2) recognized a number of linear anomalies yielding chargeability responses just like these of the recognized veins:
- A possible collection of a parallel veins within the Florencia space;
- A possible collection of parallel veins within the Maos space;
The IP chargeability clearly reveals the faulted nature of the potential vein buildings, mirroring the faulted nature of the Naty, Julia and Ely vein buildings.
Area crews proceed to guage these linear anomalies by means of mapping and sampling in preparation of trenching and subsequent drilling. The Firm anticipates additional useful resource growth to be developed inside a lot of these targets.
As well as, the potential collection of parallel and convergent veins in a but to be named space within the northeast nook of the map will surveyed with PDP IP to pinpoint targets for subsequent exploration.
The Virginia hosts an epithermal vein area, that means the silver deposits inside the veins fashioned at a comparatively constant depth, roughly 1000 metres under the paleosurface, or the earth’s floor on the time of deposition. In a perfect scenario, erosion by means of time would carry the silver deposits to floor, the place they might be found as they have been at Julia Central and Julia Norte. Nonetheless, faulting of the rock models internet hosting the veins, as clearly proven within the vein geology and the IP, has disturbed the veins alongside strike and to the east. Current drilling has proven Julia South has been faulted and dropped, that means the silver deposits at Julia South are deeper than these at Julia Central and Julia Norte. Folding or faulting has additionally dropped the rock models to east of Julia and Ely, that means silver deposits in these veins (Martina, Margarita, Magi are deeper than these at Julia Central and Norte.
Virginia is a low to intermediate sulphidation epithermal silver deposit situated within the mineral-rich Deasado massif, mendacity inside the mining-friendly state of Santa Cruz within the Patagonia area of Argentina. By way of preliminary discovery in 2009 to 4 drill applications between 2010 and 2012, Mirasol Assets was capable of outline an preliminary indicated mineral useful resource of 11.9 million ounces of silver at 310 g/t Ag and an additional inferred 3.1 million ounces of silver at 207 g/t Ag inside seven outcropping our bodies. This useful resource is documented in a Mirasol Assets technical report entitled: “Amended Technical Report, Virginia Mission, Santa Cruz Province, Argentina — Preliminary Silver Mineral Useful resource Estimate” with an efficient date of Oct. 24, 2014, and a report date of Feb. 29, 2016.
A number of further vein buildings inside the property package deal stay extremely potential, as Mirasol concentrated the majority of its exploration effort on the useful resource space on the expense of continuous exploration on the underexplored further veins. A number of of those buildings have spotlight silver values in extra of 1,000 g/t Ag and have a excessive chance of internet hosting further silver assets. These veins buildings would be the main focus of the Silver Sands 2020/2021 exploration efforts.
Silver Sands is incomes a 100-per-cent curiosity in Virginia by issuing ample shares for Mirasol to finish up with 19.9 per cent of the issued and excellent of Silver Sands and finishing $6-million (U.S.) in exploration over three years. Mirasol will retain a 3-per-cent internet smelter return royalty with Silver Sands having the choice of buying one-third of the royalty for $2-million (U.S.).
About Silver Sands Assets Corp.
Silver Sands is a well-financed, Canada-based firm engaged within the enterprise of mineral exploration and the acquisition of mineral property belongings in mining-friendly jurisdictions. Its goal is to find and develop financial treasured and base steel properties of advantage. Its key asset is the Virginia silver mission, situated within the mining-friendly Santa Cruz state of Argentina.
On Behalf of the Board of Administrators
Chief Government Officer, Director
For additional data, please contact:
Chief Government Officer, Director (604) 786-7774
Certified Particular person Assertion: Silver Sand’s disclosure of technical and scientific data on this press launch has been reviewed and accredited by R. Tim Henneberry, P.Eng., a director of the Firm, who serves as a Certified Particular person below the definition of Nationwide Instrument 43-101.
QAQC: Silver Sands applies trade customary exploration sampling methodologies and strategies. All geochemical rock and drill samples are collected below the supervision of the corporate’s geologists in accordance with trade apply. Geochemical assays are obtained and reported below a high quality assurance and high quality management (QA/QC) program. Samples are dispatched to an ISO 9001:2008 accredited laboratory in Argentina for evaluation. Assay outcomes from channel, trench, and drill core samples could also be greater, decrease or just like outcomes obtained from floor samples as a result of surficial oxidation and enrichment processes or as a result of pure geological grade variations within the main mineralization.
Ahead Trying Statements: The data on this information launch accommodates ahead trying statements which are topic to a lot of recognized and unknown dangers, uncertainties and different elements that will trigger precise outcomes to vary materially from these anticipated in our forward-looking statements. Components that would trigger such variations embrace: modifications in world commodity markets, fairness markets, prices and provide of supplies related to the mining trade, change in authorities and modifications to laws affecting the mining trade and to insurance policies linked to pandemics, social and environmental associated issues. Ahead-looking statements on this launch embrace statements concerning future exploration applications, operation plans, geological interpretations, mineral tenure points and mineral restoration processes. Though we consider the expectations mirrored in our forward-looking statements are affordable, outcomes could fluctuate, and we can’t assure future outcomes, ranges of exercise, efficiency or achievements. Silver Sands disclaims any obligations to replace or revise any forward-looking statements whether or not because of new data, future occasions or in any other case, besides as could also be required by relevant legislation.
Neither the Canadian Securities Alternate (“CSE”) nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the CSE) accepts accountability for the adequacy or accuracy of this launch.