Phase 1 drilling at
- SD-21-49: 625 g/t AgEq over 1.55 m (103.45-105.00 m)
- SD-21-52: 240 g/t AgEq over 10.5 m (10.80-21.30 m)
- SD-21-57: 276 g/t AgEq over 6.10 m (14.60-20.70 m), including 514 g/t AgEq over 3.05 m (14.60-17.65 m)
Company President
Stroud’s 2021 Phase 1 exploration drilling program totalled 7,703 m in 21 diamond drill holes with results from the initial 9 holes released earlier this year (see Stroud news release dated
The Phase 1 drilling program was designed to explore the extent of known vein system-hosted silver mineralization on the Property and identify additional silver mineralized zones and vein systems which appear to strike parallel to the well defined
Based on positive results and exploration data/information to date, the Company is currently updating its planned Phase 2 drilling program and will refine the program as the balance of assay results are received. Remaining assays from the 2021 drilling program will be reported as they continue to be released from the laboratory. Phase 2 drilling is expected to start soon, with initial assay results expected by the end of Q1 2022.
Table 1. Summary of core assay results for the latest 8 diamond drill holes,
Drill Hole | From (m) | To (m) | Interval (m)1 | Au (g/t) | Ag (g/t) | AgEq (g/t)2 | Vein System |
SD-21-49 | 87.00 | 89.15 | 2.15 | 0.32 | 70.2 | 94.2 | Guadalupe |
SD-21-49 | 103.45 | 105.00 | 1.55 | 0.01 | 624.0 | 624.8 | Guadalupe |
SD-21-49 | 131.05 | 133.75 | 2.70 | 0.13 | 42.8 | 52.3 | Guadalupe |
SD-21-51 | 24.00 | 42.00 | 18.00 | 0.13 | 109.4 | 119.1 | |
incl. | 27.00 | 30.00 | 3.00 | 0.18 | 308.0 | 321.5 | |
incl. | 36.00 | 40.30 | 4.30 | 0.14 | 145.0 | 155.5 | |
SD-21-51 | 44.50 | 51.00 | 6.50 | 0.12 | 51.3 | 60.2 | |
incl. | 44.50 | 48.00 | 3.50 | 0.15 | 80.5 | 91.8 | |
SD-21-51 | 57.00 | 58.50 | 1.50 | 0.09 | 44.7 | 51.5 | |
SD-21-52 | 10.80 | 25.90 | 15.10 | 1.11 | 112.7 | 195.8 | |
incl. | 10.80 | 21.30 | 10.50 | 1.36 | 137.5 | 239.9 | |
incl. | 18.50 | 19.90 | 1.40 | 3.07 | 130.0 | 360.3 | |
SD-21-52 | 53.10 | 54.95 | 1.85 | 0.18 | 67.6 | 81.1 | |
SD-21-52 | 77.95 | 84.70 | 6.75 | 0.21 | 35.3 | 51.2 | |
incl. | 77.95 | 79.30 | 1.35 | 0.76 | 54.9 | 111.9 | |
SD-21-52 | 100.50 | 109.25 | 8.75 | 0.53 | 137.7 | 177.5 | |
incl. | 100.50 | 105.80 | 5.30 | 0.83 | 213.9 | 276.4 | |
SD-21-52 | 113.95 | 114.25 | 0.30 | 0.37 | 81.7 | 109.5 | |
SD-21-52 | 121.25 | 122.65 | 1.40 | 0.05 | 26.5 | 30.3 | |
SD-21-52 | 132.85 | 134.20 | 1.35 | 0.16 | 71.3 | 83.3 | |
SD-21-57 | 6.00 | 10.55 | 4.55 | 0.50 | 138.2 | 175.8 | |
SD-21-57 | 12.60 | 13.25 | 0.65 | 0.18 | 50.4 | 63.9 | |
SD-21-57 | 14.60 | 20.70 | 6.10 | 1.05 | 197.4 | 276.3 | |
incl. | 14.60 | 17.65 | 3.05 | 2.02 | 362.0 | 513.5 | |
SD-21-57 | 183.35 | 184.40 | 1.05 | 0.04 | 64.7 | 67.7 | Guadalupe |
SD-21-57 | 197.05 | 204.95 | 7.90 | 0.31 | 35.1 | 58.6 | Guadalupe |
incl. | 200.50 | 203.40 | 2.90 | 0.63 | 61.5 | 108.5 | Guadalupe |
SD-21-57 | 213.70 | 217.10 | 3.40 | 0.92 | 67.4 | 136.6 | Guadalupe |
incl. | 213.70 | 214.85 | 1.15 | 1.72 | 102.0 | 231.0 | Guadalupe |
SD-21-57 | 233.10 | 243.10 | 10.00 | 0.07 | 53.2 | 58.7 | Guadalupe |
incl. | 233.10 | 241.10 | 8.00 | 0.08 | 57.0 | 63.1 | Guadalupe |
SD-21-57 | 259.60 | 260.80 | 1.20 | 0.26 | 45.3 | 64.9 | Guadalupe |
SD-21-58 | 265.30 | 267.05 | 1.75 | 0.32 | 32.4 | 56.4 | Zopilote |
SD-21-58 | 279.30 | 283.65 | 4.35 | 0.35 | 33.4 | 60.0 | Zopilote |
incl. | 282.60 | 283.65 | 1.05 | 1.03 | 96.1 | 173.4 | Zopilote |
SD-21-58 | 291.60 | 293.35 | 1.75 | 0.33 | 39.2 | 64.0 | Zopilote |
SD-21-68A | no significant assays | ||||||
SD-21-73 | no significant assays |
1drill core intervals are not true widths and are reported as core lengths.
2AgEq calculated using a silver to gold ratio of 75:1 and assuming recoveries of 100%.
Note: significant assays are considered >25 g/t Ag over >0.5 m interval.
Dr.
About
For more information, please visit www.stroudsilver.com or contact
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements”.
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to the interpretation of the drill results, geology, grade and continuity of mineral deposits. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company’s expectations or projections.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/008faa78-d531-4fb7-88da-01c5d07498d4
Figure 1.
Locations of Phase 1 2021 diamond drill holes (collars and traces) completed on the Santo Domingo Silver Property, the main mineralized vein systems (red dashes), and historical drill hole traces (black). The drill holes in the current news release are shown with red collars.
2022 GlobeNewswire, Inc., source