Silver Sands Resources Corp. released the first series of results from its 2021 Phase III drill program at the Virginia Project in Santa Cruz Province, Argentina. Drilling at Ely Central focused on the extending the silver mineralization on the 850m gap between the Ely North and Ely South conceptual pits.

Highlights include: EC-DDH-008 - 88 g/t silver over 33.8 metres; EC-DDH-007 - 30 g/t silver and 0.33 g/t gold (55 g/t AgEq*) over 4.55 metres; EC-DDH-009 - 135 g/t silver over 2.3 metres including 290 g/t silver over 0.4 metres. The Phase III drilling program comprised 20 core holes (2,932m) with 14 holes for 2,437m at Virginia and 6 holes for 495m at Santa Rita, located in the north of the property package. Results reported for 6 holes from the Ely vein at Virginia.

Hole EN-DDH-005 was drilled behind and underneath hole EN-DDH-001 and returned 9.95m at 37g/t silver including a narrower section of 0.35m with 73g/t silver. This intersection in hole EN-DDH-005 may represent a parallel structure on the east side and not the downdip extension of the main structure intercepted in hole EN-DDH-001, which returned 7.47m with 91 g/t silver, 70m north of the Ely North conceptual pit. Hole EC-DDH-007 was targeted to depth below EC-DDH-003 and intersected an Au enriched zone with 4.55m at 0.33 g/t gold and 30 g/t silver from 173.65m, including 1.2m at 0.63 g/t gold and 26 g/t Ag (73 g/t AgEq).

This hole, the deepest mineralization encountered along the Ely structure, suggests a transition into a gold enriched zone at depth, and further may represent the downward continuity of a previously identified gold anomaly drilled in EC-DDH-003 (1.25 g/t Au from 111m), indicating a potentially continuous and separate gold mineralizing event unrelated to the principal silver mineralization. Previously, gold mineralization in the Virginia system was restricted to isolated occurrences now interpreted to represent leakage from a deeper sourced mineralizing event. Follow-up with deeper drill holes along the Ely structure is planned to test this newly identified gold potential.

Hole EC-DDH-009 is located approximately 110m south of the southernmost hole EC-DDH-004 in Ely Central, and 180m north of the border of the Ely South conceptual resource pit. This hole returned 2.3m at 135 g/t silver indicating mineralization is extending further to the south of the newly emerging Ely Central mineralization, potentially closing the gap between the Ely Central and the Ely South conceptual pit.