Following up on a highly successful Phase I and Phase II program, Phase III comprises a total of 2685 metres in 16 holes targeting 7 different silver vein structures, plus the Santa Rita silver-gold prospect. Phase III drilling will continue to focus on gaps and extensions of principal veins and also includes testing some deeper vein extensions. Previous drilling has tested mineralization at depths from surface to only 150 meters deep. Phase I and Phase II drilling completed in 2020/2021 demonstrated the existence of significant silver mineralization that has not out cropped on the surface especially in the south and the south-east areas of the property.
Drilling will focus on expanding high grade silver mineralization open along strike, and at depth, within the Ely, Martina and Julia vein structures that currently host conceptual open pits at Ely North, Ely Central, Martina and Julia South. The program will also include testing vein structures or mineralization at four other targets plus the Santa Rita silver-gold prospect 15 km to the north of the
In addition, the next block to the northeast of the Virginia Vein Field will be the focus of the extremely successful Pole Dipole Induced Polarization (PDP IP) survey. The PDP IP follows up the earlier gradient array IP to define and sharpen the linear chargeability anomalies that are yielding responses similar to the known vein structures within the Virginia Vein Field.
Phase III Virginia Vein Field Drill Plan
Ely Central
Ely Central hosts a 580m gap between the Ely South and
Highlights of previous drilling include:
Previous drill intercepts included:
Julia South
Phase I and Phase II drilling at Julia South / Julia South Extension has a identified a potential 400m shoot of silver mineralization to the south of the Julia South conceptual pit. One hole will test mineralization to depth.
Previous drill intercepts include:
Martina
Three vein segments have been identified at Martina: NW, SE and SW. Martina NW is a 200m gap to the north of the existing Martina conceptual pit. Phase II drilling returned 190 g/t silver of 5.9 metres. One hole will test below this drill intersection. The geological evidence, as interpreted by the Mirasol team, indicates the Virginia Vein Field is tilted to the east, meaning the silver mineralized shoots will be deeper on the eastern side of the field.
Martina SE lies in a 450m gap to the south of the Martina conceptual pit. Shallower Phase I drilling returned values of 198 g/t silver over 33.5m and 63.97 g/t silver over 16.05m. One hole will test below these drill intersections. Martina SW is a northeast trending structure, parallel to the Ely Vein. Limited Phase I and Phase II drilling located 30 to 85 g/t silver over narrow widths. One hole will test the vein.
Magi
Magi has been traced intermittently for 770m on the east side of the Virginia Vein Field. Limited drilling has returned highlights of 40.73 g/t silver over 16.7m. One hole will test the vein along strike.
Margarita
Margarita is a 500m long vein in the south of the Virginia Vein Field. Historic channel sampling returned highlights of 1,486 g/t silver over 1.4m with samples ranging from 3,170 g/t silver to 67 g.t silver. A Phase I drill hole appears to have been drilled into the footwall of the vein, so one hole will test the vein from the hanging wall side.
Roxanne
Roxanne remains an enigma as drilling to date has been unable to locate the elusive source of a 590m linear series of surface float samples that averaged 1,039 g/t silver, ranging from 2,880 g/t silver to 103 g/t silver. Corresponding high chargeability suggests a linear structure. One hole will test below a drill intersection of 21.84 g/t silver over 2.6m.
Maos
Maos has been traced intermittently 200m along strike in the northeast of the vein field. Historic sampling returned anomalous silver values in linear subcrop and angular float. With the vein field dipping to the east, the favourable silver mineralization is expected to lie at depth beneath surface. Two drill holes will trace the vein down dip toward the high-grade silver mineralization.
Phase III
The gold rich
Reinterpretation of the geophysics and drilling suggests that 40% of the 2,048m drilled at Santa Rita Main was drilled into the footwall and failed to intersect the main structure. Vein quartz and alteration suggest the drill holes targeted the upper levels of epithermal veining, with the high-grade gold and silver values expected to be deeper within the vein. Three drill holes are planned to cross the vein structure from the hanging wall and test the structure at depth.
'With two highly successful drill programs already completed, Phase III drilling has the potential to significantly expand on our previous discoveries and build on the known silver resource at the Virginia Vein Field, ' commented Silver Sands CEO
About
The resource estimate is documented in a
Several additional vein structures within the property package remain highly prospective, as Mirasol concentrated the bulk of its earlier exploration effort on the resource area at the expense of continuing exploration on the underexplored additional veins. Several of these structures have highlight silver values in excess of 1,000 g/t Ag and have a high probability of hosting additional silver resources.
Silver Sands has the option to earn-in 100% of the
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Qualified Person Statement: Silver Sand's disclosure of technical and scientific information in this press release has been reviewed and approved by
QAQC: Silver Sands applies industry standard exploration sampling methodologies and techniques. All geochemical rock and drill samples are collected under the supervision of the company's geologists in accordance with industry practice. Geochemical assays are obtained and reported under a quality assurance and quality control (QA/QC) program. Samples are dispatched to an ISO 9001:2008 accredited laboratory in
Forward-Looking Statements: The information in this news release contains forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry and to policies linked to pandemics, social and environmental related matters. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. Silver Sands disclaims any obligations to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable law.
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