Stroud Resources Continues to Cut Multiple Intersections of High-Grade Silver, Santo Domingo Project, Mexico
10 Februar 2022 - 11:01PM
Stroud Resources Ltd. (TSXV: SDR) (“
Stroud” or the
“
Company”) is pleased to report the latest round
of core assay results from the drilling program at its Santo
Domingo Silver Project (“Santo Domingo” or the “Property” or the
“Project”), located in Hostotipaquillo, State of Jalisco, Mexico.
The Property, consisting of two concessions that cover
approximately 135 ha, is located within the area same area of
concessions held by GoGold Resources Inc., who recently announced a
planned 2022 drilling program to be located about 500 m south of
Stroud’s Project (see GoGold Resources news release dated December
30, 2021).
Phase 1 drilling at Santo Domingo returned
several drill holes that intersected silver grades exceeding 100
g/t Ag and silver equivalent (“AgEq”), including:
- SD-21-49: 625 g/t AgEq over 1.55 m
(103.45-105.00 m)
- SD-21-52: 240 g/t AgEq over 10.5 m
(10.80-21.30 m)
- SD-21-57: 276 g/t AgEq over 6.10 m
(14.60-20.70 m), including 514 g/t AgEq over 3.05 m (14.60-17.65
m)
Company President Scott Jobin-Bevans commented,
“We are very pleased with the results to date which have
demonstrated the potential for several wide vein systems hosting
high-grade silver and important gold grades. In addition to the two
main vein systems we have also identified new parallel veins,
including Zopilote, which will be targeted as part of the soon to
begin Phase 2 drilling program.”
Stroud’s 2021 Phase 1 exploration drilling
program totalled 7,703 m in 21 diamond drill holes with results
from the initial 9 holes released earlier this year (see Stroud
news release dated January 17, 2022) and results from another 7
drill holes summarized in Table 1. Parameters for the 21 diamond
drill holes completed in 2021 are available on the Company
website.
The Phase 1 drilling program was designed to
explore the extent of known vein system-hosted silver
mineralization on the Property and identify additional silver
mineralized zones and vein systems which appear to strike parallel
to the well defined La Raya and Guadalupe silver vein systems,
including the westernmost Zopilote vein system (Figure 1).
Based on positive results and exploration
data/information to date, the Company is currently updating its
planned Phase 2 drilling program and will refine the program as the
balance of assay results are received. Remaining assays from the
2021 drilling program will be reported as they continue to be
released from the laboratory. Phase 2 drilling is expected to start
soon, with initial assay results expected by the end of Q1
2022.
Table 1. Summary of core assay results for the
latest 8 diamond drill holes, Santo Domingo Project, Mexico.
Drill Hole |
From (m) |
To (m) |
Interval (m)1 |
Au (g/t) |
Ag (g/t) |
AgEq (g/t)2 |
Vein System |
SD-21-49 |
87.00 |
89.15 |
2.15 |
0.32 |
70.2 |
94.2 |
Guadalupe |
SD-21-49 |
103.45 |
105.00 |
1.55 |
0.01 |
624.0 |
624.8 |
Guadalupe |
SD-21-49 |
131.05 |
133.75 |
2.70 |
0.13 |
42.8 |
52.3 |
Guadalupe |
SD-21-51 |
24.00 |
42.00 |
18.00 |
0.13 |
109.4 |
119.1 |
La Raya |
incl. |
27.00 |
30.00 |
3.00 |
0.18 |
308.0 |
321.5 |
La Raya |
incl. |
36.00 |
40.30 |
4.30 |
0.14 |
145.0 |
155.5 |
La Raya |
SD-21-51 |
44.50 |
51.00 |
6.50 |
0.12 |
51.3 |
60.2 |
La Raya |
incl. |
44.50 |
48.00 |
3.50 |
0.15 |
80.5 |
91.8 |
La Raya |
SD-21-51 |
57.00 |
58.50 |
1.50 |
0.09 |
44.7 |
51.5 |
La Raya |
SD-21-52 |
10.80 |
25.90 |
15.10 |
1.11 |
112.7 |
195.8 |
La Raya |
incl. |
10.80 |
21.30 |
10.50 |
1.36 |
137.5 |
239.9 |
La Raya |
incl. |
18.50 |
19.90 |
1.40 |
3.07 |
130.0 |
360.3 |
La Raya |
SD-21-52 |
53.10 |
54.95 |
1.85 |
0.18 |
67.6 |
81.1 |
La Raya |
SD-21-52 |
77.95 |
84.70 |
6.75 |
0.21 |
35.3 |
51.2 |
La Raya |
incl. |
77.95 |
79.30 |
1.35 |
0.76 |
54.9 |
111.9 |
La Raya |
SD-21-52 |
100.50 |
109.25 |
8.75 |
0.53 |
137.7 |
177.5 |
La Raya |
incl. |
100.50 |
105.80 |
5.30 |
0.83 |
213.9 |
276.4 |
La Raya |
SD-21-52 |
113.95 |
114.25 |
0.30 |
0.37 |
81.7 |
109.5 |
La Raya |
SD-21-52 |
121.25 |
122.65 |
1.40 |
0.05 |
26.5 |
30.3 |
La Raya |
SD-21-52 |
132.85 |
134.20 |
1.35 |
0.16 |
71.3 |
83.3 |
La Raya |
SD-21-57 |
6.00 |
10.55 |
4.55 |
0.50 |
138.2 |
175.8 |
La Raya |
SD-21-57 |
12.60 |
13.25 |
0.65 |
0.18 |
50.4 |
63.9 |
La Raya |
SD-21-57 |
14.60 |
20.70 |
6.10 |
1.05 |
197.4 |
276.3 |
La Raya |
incl. |
14.60 |
17.65 |
3.05 |
2.02 |
362.0 |
513.5 |
La Raya |
SD-21-57 |
183.35 |
184.40 |
1.05 |
0.04 |
64.7 |
67.7 |
Guadalupe |
SD-21-57 |
197.05 |
204.95 |
7.90 |
0.31 |
35.1 |
58.6 |
Guadalupe |
incl. |
200.50 |
203.40 |
2.90 |
0.63 |
61.5 |
108.5 |
Guadalupe |
SD-21-57 |
213.70 |
217.10 |
3.40 |
0.92 |
67.4 |
136.6 |
Guadalupe |
incl. |
213.70 |
214.85 |
1.15 |
1.72 |
102.0 |
231.0 |
Guadalupe |
SD-21-57 |
233.10 |
243.10 |
10.00 |
0.07 |
53.2 |
58.7 |
Guadalupe |
incl. |
233.10 |
241.10 |
8.00 |
0.08 |
57.0 |
63.1 |
Guadalupe |
SD-21-57 |
259.60 |
260.80 |
1.20 |
0.26 |
45.3 |
64.9 |
Guadalupe |
SD-21-58 |
265.30 |
267.05 |
1.75 |
0.32 |
32.4 |
56.4 |
Zopilote |
SD-21-58 |
279.30 |
283.65 |
4.35 |
0.35 |
33.4 |
60.0 |
Zopilote |
incl. |
282.60 |
283.65 |
1.05 |
1.03 |
96.1 |
173.4 |
Zopilote |
SD-21-58 |
291.60 |
293.35 |
1.75 |
0.33 |
39.2 |
64.0 |
Zopilote |
SD-21-68A |
no significant assays |
SD-21-73 |
no significant assays |
1drill core intervals are not true widths and are reported as
core lengths.2AgEq calculated using a silver to gold ratio of 75:1
and assuming recoveries of 100%.Note: significant assays are
considered >25 g/t Ag over >0.5 m interval.
Dr. Scott Jobin-Bevans (P.Geo.), President and a
Director of Stroud, is the Qualified Person as defined by National
Instrument 43-101 and is responsible for the technical information
contained in this news release.
About Stroud Resources
Ltd.Stroud Resources is a TSXV listed company (TSXV:SDR)
focused on the exploration and development of its Santo Domingo
epithermal silver project in central Mexico.
For more information, please
visit www.stroudsilver.com or contact Mirsad Jakubovic,
Chief Financial Officer, Stroud Resources Ltd., Tel:
1-416-888-8731, mirsad@cpamba.ca.
THE TSX VENTURE EXCHANGE HAS NOT
REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.
The information contained herein contains
"forward-looking statements" within the meaning of
applicable securities legislation. Forward-looking statements
relate to information that is based on assumptions
of management, forecasts of future results, and estimates of
amounts not yet determinable. Any statements that express
predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance are not statements of
historical fact and may be “forward-looking statements”.
Forward-looking statements are subject to a
variety of risks and uncertainties which could cause actual
events or results to differ from those reflected in the
forward-looking statements, including, without limitation, risks
and uncertainties relating to the interpretation of the drill
results, geology, grade and continuity of mineral
deposits. Should one or more of these
risks and uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary
materially from those described in forward-looking statements.
Investors are cautioned
against attributing undue certainty to forward-looking statements. These
forward-looking statements are made as of the date hereof and the
Company does not assume any obligation to update or revise them to
reflect new events or circumstances. Actual events or results could
differ materially from the Company’s expectations or
projections.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/008faa78-d531-4fb7-88da-01c5d07498d4
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