Vancouver, British Columbia – December 22, 2020 (Newsfile Corp.) (Investorideas.com Newswire) Silver Sands Means Corp. (CSE: SAND) (“Silver Sands” or the “Organization”) is happy to announce the successful completion of the Phase I exploration system at the Virginia Silver Project (“Virginia”) in Santa Cruz province, Argentina. Mirasol Sources Ltd. (“Mirasol”) is the operator of Virginia pursuant to the Firm’s solution to invest in arrangement with Mirasol.
Mirasol’s Chair and Interim CEO, Patrick Evans, commented: “The productive completion of this preliminary software at Virginia is a credit to our seasoned operating team in Argentina. In spite of the problems posed by the COVID pandemic, the application was completed properly and exceeded the planned work targets. The final results from the Virginia program will be unveiled in early 2021.”
Silver Sands’ CEO, Keith Anderson, commented: “We would like to commend Mirasol’s Argentine workforce as we were being capable to raise the dimensions of the drilling, trenching and IP parts of the Section I plan in just the exact same budget. We anticipate steady news move commencing in January and we are at this time performing with the Mirasol staff on options for a Section II exploration program in the New Calendar year.”
This Section I drilling and trenching system at Virginia targeted on screening the likely for new silver zones to expand the current NI 43-101 source. All the drilling, apart from for the holes at the Magi target, centered on untested parts and probable strike extensions along most of the identified trends hosting the present-day source. The method also tested outlying targets that are not section of the present source and the place trenching has detected silver anomalies with good fundamental geophysical help. The Section I drilling program comprised a total of 2,831 meters in 18 diamond drill holes (“DDH”), which was 331 meters much more than at first planned.
Mirasol also done two IP pole dipole (PDP) geophysical campaigns at Virginia. Most of the earlier electrical geophysics at Virginia used the gradient array method, which is productive at mapping the chargeable mineralized vein structures. The PDP method was deployed to superior understand the orientation of the buildings at depth, enabling enhanced preparing for drill campaigns. In total, 95.5 line-km were completed with 80.5km in Virginia and 15km at the Santa Rita prospect in the north of the Challenge.
Mirasol will compile, interpret and validate the final results as they are acquired and expects to report the outcomes in early 2021.
Mr. Evans added: “Dependent on geological observations of drill main executed by Mirasol’s exploration team, we are encouraged by the benefits and seem forward to reporting them as soon as doable.”
About Mirasol Means Ltd
Mirasol is a very well-funded exploration corporation targeted in Chile and Argentina. Mirasol has six spouse-funded projects, two with Newcrest Mining Ltd (Chile), and just one each and every with Initial Quantum Minerals (Chile), Mine Discovery Fund (Chile), Mineria Activa (Chile) and Silver Sands Sources (Argentina). Mirasol is presently self-funding exploration at two projects, Inca Gold (Chile) and Sacha Marcelina (Argentina).
Virginia is a low to intermediate sulphidation epithermal silver deposit situated in the mineral wealthy Deasado Massif, lying inside of the mining helpful state of Santa Cruz in the Patagonia location of Argentina. Through preliminary discovery in 2009 to four drill courses between 2010 and 2012, Mirasol Resources Ltd. was in a position to outline an original indicated mineral resource of 11.9 million ounces of silver at 310 g/t Ag and a further inferred 3.1 million ounces of silver at 207 g/t Ag inside seven outcropping bodies. This useful resource is documented in a Mirasol Assets Ltd. complex report entitled: “Amended Technical Report, Virginia Job, Santa Cruz Province, Argentina – Preliminary Silver Mineral Source Estimate” with an productive day of October 24, 2014 and a report day of February 29, 2016.
Quite a few added vein buildings inside the house package remain extremely future, as Mirasol concentrated the bulk of its exploration hard work on the source place at the expense of continuing exploration on the under-explored added veins. Many of these buildings have emphasize silver values in excessive of 1,000 g/t Ag and have a high chance of hosting extra silver means. These veins buildings will be the most important focus of the Silver Sands 2020/2021 exploration attempts.
Silver Sands is earning a 100% desire in Virginia by issuing ample shares for Mirasol to stop up with 19.9% of the issued and fantastic of Silver Sands and finishing US$6 million in exploration in excess of 3 decades. Mirasol will keep a 3% Net Smelter Return Royalty with Silver Sands having the option of getting 1/3 of the Royalty for US$2 million.
About Silver Sands Means Corp.
Silver Sands is a properly-financed, Canadian-dependent business engaged in the company of mineral exploration and the acquisition of mineral residence belongings in mining-helpful jurisdictions. Its objective is to track down and develop financial precious and foundation metallic properties of benefit. Its key asset is the Virginia Silver Task, found in the mining welcoming Santa Cruz state of Argentina. For much more information, please go to our internet site www.silversandscorp.com.
The technological written content of this news launch has been reviewed and approved by R. Tim Henneberry, P.Geo. (BC) a Competent Person underneath NI 43-101 and a Director of Silver Sands.
On Behalf of the Board of Administrators
Main Government Officer, Director
For additional information and facts, make sure you call:
Chief Govt Officer, Director (604) 786-7774
This news launch may well include things like ahead-searching information in the this means of Canadian securities laws relating to the small business of the Organization. Ahead-searching details is dependent on particular key anticipations and assumptions built by the administration of the Corporation. Even though the Company thinks that the expectations and assumptions on which this kind of forward-hunting information and facts is based on are acceptable, undue reliance need to not be positioned on the forward-searching information and facts simply because the Company can give no assurance that they will verify to be suitable. Forward-on the lookout statements contained in this information release are designed as of the date of this information launch. Visitors are cautioned not to spot undue reliance on forward-wanting statements. The Firm undertakes no obligation to update any of the forward-wanting statements in this presentation or incorporated by reference herein, besides as usually demanded by law.
The Canadian Securities Exchange has not accredited nor disapproved the contents of this news release.
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