Silver Sands Resources Corp. reported the commencement of its fully funded Phase IV exploration program at its Virginia Silver Project in Santa Cruz Province, Argentina. Objectives of the 1,500 metre drill program are: Expand on the Ely Central and Ely North Extension drilling successes to build additional potential mineral resource ounces, where drilling highlights include: 639 g/t silver over 9.60m; 625 g/t silver over 10.80m, including 1,110 g/t silver over 5.70m; 476 g/t silver over 4.0m, including 929 g/t silver over 1.85m. Follow up the Phase III Margarita discovery: 1,456 g/t silver over 2.65m; Expand on the Martina NW, SW, SE drilling success to build additional potential mineral resource; ounces, where drilling highlights include: 242 g/t silver over 4.75m, including 404 g/t silver over 2.45m; 199 g/t silver over 33.5m. Test the new Daniela and Patricia veins 2 km to the north of the known veins Daniela trenching highlights of 29,016 g/t silver over 0.4m and 1,907 g/t silver over 2.3m; Patricia trenching highlights of 7,378 g/t silver over 1.6m and 4,584 g/t silver over 2.6m; Probe the Santa Rita East vein further down dip toward the suspected precious metal horizon; Concurrent with the drilling, the geological teams will prospect the potential structures identified during the Phase II and Phase III IP programs to the north and east of the known vein field to generate trenching and drilling targets for the subsequent Phase V program. The 850 metre gap between the Ely South and Ely North conceptual pits has returned silver intersections in all holes drilled to date. A few more infill drill holes are required for sufficient coverage along the 580 metres to allow for the calculation of a mineral resource block at Ely Central. Highlights from the Silver Sands drilling include: 639 g/t silver over 9.60m; 625 g/t silver over 10.80m, including 1,110 g/t silver over 5.70m; 560 g/t silver over 9.98m, including 1,578 g/t silver over 2.87m and 233.5 g/t silver over 9.25m, including 441.71 g/t silver over 4.5m. Silver Sands drilling along the 400m Ely North Extension has intersected silver in all holes. The presence of continuous silver mineralization along the 400m length tested suggests further infill drilling has the potential to define a mineral resource block. The Silver Sands drilling discovered strong veining and silver mineralization in a previously untested lower intensity IP chargeability at Ely North Extension. There are numerous untested lower intensity IP anomalies both throughout the current mineral resource area and in the area to the north and east where Silver Sands completed systematic IP surveying. Previous drill intercepts included: 476 g/t silver over 4.0m, including 929 g/t silver over 1.85m; 91 g/t silver over 7.5m
Silver Sands drilling to the north and south of the Martina conceptual open pit has extended the silver mineralization 250m to the northwest (Martina NW) and 350m to the southeast (Martina SE). The presence of continuous silver mineralization along the 250m northwest length and 350m southeast length tested suggests further infill drilling has the potential to expand the current Martina conceptual open pit. Drill highlights include: 198.51 g/t silver over 33.5m 137.44 g/t silver over 9.17m. Margarita is a 500m long vein in the south of the Virginia Vein Field. Historic channel sampling returned highlights of 1,486 g/t silver over 1.4m with samples ranging from 3,170 g/t silver to 67 g.t silver. Silver Sands Phase III drilling interested 1456 g/t silver over 2.65m. This high-grade intersection will be tested along strike and down dip to extend the mineralization. Scout drill holes will test the Daniela and Patricia veins as Silver Sands' systematic exploration continues to the north from the main resource area. Silver Sands' preliminary drilling at Santa Rita East confirmed the down dip extension of the gold-silver veins on surface, Deeper drilling will target the veins further down dip for the suspected deeper precious metal horizon. Finally, Silver Sands will prospect the linear chargeability trends to the north and northeast of the mineral resource area to work up trenching and drilling targets for the subsequent Phase V drilling program.