With the new drilling contract in place, the Company will initiate Phase I of the drilling program consisting of approximately 3,000 metres of drilling comprising 12 drill holes.
The Company is also pleased to announce it will be adding a second drill at the site to initiate Phase II of the drilling program which will consist of an additional 38 drill holes. The Company intends to complete both drilling programs by summer.
The Company’s Drilling Permit covers 13 drill pad locations encompassing 50 planned drill holes across the Property. The first phase of the drilling program will see 12 drill holes completed on three of the drill sites. These are expected to confirm our current geological and mineral resource modelling of the Property. Interpretations from geological modelling of
The current planned drilling program will also probe deeper into the hillside to sample silver vein mineralization beyond where historical Spanish miners were active in mining bonanza grade silver. It is our expectation that the grades of silver and gold in these zones should be higher as they have never been accessed historically. The Company expects to prepare a new National Instrument 43-101 (“NI 43-101”) Technical Report and a Preliminary Economic Assessment (“PEA”) following the completion of the two phases of drilling.
Dr.
Neither
About
For more information, please visit www.stroudsilver.com or contact
Source:
2021 GlobeNewswire, Inc., source