VANCOUVER - Silver Sands Resources Corp. ('Silver Sands' or the 'Company') (CSE: SAND) (OTCQB: SSRSF) is pleased to release 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
Silver equivalent ('AgEq') is calculated using metal prices of US$ 1800/oz for Au and US$ 24/oz for Ag. Recoveries are assumed to be 100% as no metallurgical test data is available. The equation used is: AgEq g/t = Ag g/t + (Au g/t x 75)
'The Ely Central zone appears to be developing into another potential resource area, extending the silver mineralization in the Ely vein some 2 kilometres' commented Silver Sands CEO Keith Anderson. 'The length of the key intersection is impressive at over 33 metres. The presence of gold in the system is a very pleasant surprise and suggests potential gold enrichment at depth, as EC-DDH-007 represents the deepest mineralization intercepted to date at the Ely structure ' he continued.
'Combined with our two previous programs, we are envisaging several potential future conceptual pits developing as we continue to work towards significantly expanding the current resource base at Virginia' he concluded.
Drilling at Ely Central focused on extending the known mineralization to fill the 850m gap between Ely North and Ely South conceptual pits that were used to constrain the current mineral resource[1]. Over the last field season, a new 200m zone of mineralization at Ely Central was defined by holes EC-DDH-001, EC-DDH-003, EC-DDH-004, and EC-DDH-005 filling part of this gap. Current hole EC-DDH-008, collared in the 120m, highly prospective gap that remained open along the structure and north of the Ely Central zone returned a broad interval of 33.8m at 88 g/t silver, closing the gap between the Ely Central zone and a well-defined area of silver mineralization previously delineated by Mirasol 2012 close spaced drilling, but outside of the current mineral. The further extension of the silver mineralization to the south, may be upgraded and help increase the resource along the Ely structure.
About Virginia
Virginia is a low to intermediate sulphidation epithermal silver deposit located in the mineral-rich Deseado massif, lying within the mining-friendly province of Santa Cruz in the Patagonia region of Argentina. Through initial discovery in 2009 to four drill programs between 2010 and 2012, Mirasol Resources was able to define an initial indicated mineral resource of 11.9 million ounces of silver at 310 g/t Silver and a further inferred 3.1 million ounces of silver at 207 g/t Silver within seven outcropping bodies. This resource is documented in a Mirasol Resources technical report entitled: 'Amended Technical Report, Virginia Project, Santa Cruz Province, Argentina-Initial Silver Mineral Resource Estimate' with an effective date of Oct. 24, 2014, and a report date of Feb. 29, 2016.
Several additional vein structures within the property package remain highly prospective, as Mirasol concentrated the bulk of its exploration effort on the resource area at the expense of continuing exploration on the underexplored additional veins. Several of these structures have highlight values in excess of 1,000 g/t silver and have a high probability of hosting additional silver resources. These veins structures continue to be the primary focus of the Silver Sands 2021/2022 exploration efforts.
Silver Sands is earning a 100-per-cent interest in Virginia by issuing sufficient shares for Mirasol to end up with 19.9 per cent of the issued and outstanding of Silver Sands and completing $6-million (U.S.) in exploration over three years. Mirasol will retain a 3-per-cent net smelter return royalty with Silver Sands having the option of purchasing one-third of the royalty for $2-million (U.S.).
About Silver Sands Resources Corp.
Silver Sands is a well-financed, Canada-based company engaged in the business of mineral exploration and the acquisition of mineral property assets in mining-friendly jurisdictions. Its objective is to locate and develop economic precious and base metal properties of merit. Its key asset is the Virginia silver project, located in the mining-friendly Santa Cruz state of Argentina.
Contact:
Keith Anderson
Tel: (604) 786-7774
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.
SILVER SANDS RESOURCES CORP. 
