Stroud Resources Update on Drilling Program at Santo Domingo Silver Project, Mexico
31 3월 2021 - 6:01AM
Stroud Resources Ltd. (TSXV-SDR) (“
Stroud” or the
“
Company”) confirms that a diamond drill rig will
be on site as of April 8, 2021 at its Santo Domingo Silver Property
(“Santo Domingo” or the “Property”), following earlier delays. The
current demand for drilling services in Jalisco affected the
previously arranged drill contractor’s ability to disengage from a
previous contract.
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 Santo Domingo had
identified additional mineralized zones running parallel to the
previously announced Mineral Resource Estimate.
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. Derek McBride, P. Eng. is the qualified
person as defined by National Instrument 43-101 and is responsible
for the technical information of this news release.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
About Stroud Resources Ltd.
Stroud Resources is a TSXV listed company focused on the
exploration and development of its Santo Domingo epithermal
silver-gold project in central Mexico.
For more information, please
visit www.stroudsilver.com or contact Mirsad Jakubovic,
Chief Financial Officer, Stroud Resources Ltd., Tel: (416)
888-8731, mirsad@cpamba.ca
Stroud Resources (TSXV:SDR)
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