- Stroud Resources (SDR) has received approval for its drilling permit application by the Mexican Mining Authority for its Santo Domingo Silver Property
- The 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
- The second phase of drilling is also planned, which will use the remaining drill sites to expand the mineral resources by drilling an additional 38 holes
- Stroud has drilled 44 holes on these two mineralized zones
- Stroud Resources (SDR) is up 24.24 per cent and is trading at C$0.82 at 11:37 am EST
Stroud Resources (SDR) has received approval for its drilling permit application by the Mexican Mining Authority for its Santo Domingo Silver Property.
The Santo Domingo Silver Property is located in Hostotipaquillo Region of Jalisco, Mexico.
Stroud expects to start drilling the week of March 1, 2021.
The 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 drill sites.
These are expected to confirm our geological and mineral resource modelling of the Property. 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 reach deeper into the hillside to sample the vein mineralization beyond where historical Spanish miners were active.
The grades of silver and gold in these zones should be higher as they have never been accessed.
The second phase of drilling is also planned to use the remaining drill sites to expand the mineral resources by drilling an additional 38 holes.
Stroud expects to prepare a new National Instrument 43-101 (“NI 43-101”) Technical Report and a Preliminary Economic Assessment following the drill programs.
Should the initial Phase 1drill holes confirm the Property’s expected mineralization, Stroud anticipates starting the second drill program in Q2 2021.
Stroud had issued an NI 43-101 Mineral Resource Estimate and Technical Report on the Santo Domingo Property on November 20, 2017.
Stroud’s exploration of the two main mineralized zones has drilled through many of the workings.
Stroud has drilled 44 holes on these two mineralized zones, with every hole encountering mineralization makes up the existing 39M silver equivalent ounce mineral resource.
The La Rayas and Guadalupe zones are within 150 meters of surface, and every indication suggests open-pit capability for mining the ore.
Stroud is a TSXV listed company focused on exploring and developing its Santo Domingo epithermal silver-gold project in central Mexico.
Stroud Resources (SDR) is up 24.24 per cent and is trading at C$0.82 at 11:37 am EST.
