- Stroud Resources (SDR) has now completed 14 diamond drill holes at its Santo Domingo Silver Property in Hostotipaquillo, State of Jalisco, Mexico
- The company has also completed 5,725 metres as part of its Phase 1 exploration drilling program
- The drilling program was designed to explore the extent of known vein-hosted silver mineralization on the property and define additional silver mineralized zones
- Sampling and assaying of the drill core has begun
- The company anticipates sending samples to the lab this week and will report on results as they become available
- Stroud Resources is up 3.66 per cent, trading at $0.42 at 11:28 am ET
Stroud Resources (SDR) has now completed 14 diamond drill holes at its Santo Domingo Silver Property in Hostotipaquillo, State of Jalisco, Mexico.
The Toronto-based company has also completed 5,725 metres as part of its Phase 1 exploration drilling program.
The drilling program was designed to explore the extent of known vein-hosted silver mineralization on the property and to begin to define additional silver mineralized zones and vein systems.
Those veins and systems are anticipated to run parallel to the existing La Raya and Guadalupe silver vein systems.
The company’s Drilling Permit covers 13 drill pads located across the property with 50 diamond drill holes were planned.
Drilling has been slow due to difficult topography, poor ground conditions, and COVID-19 related challenges. In addition, significant historical mine workings throughout the property have also required slow and careful drilling. Five additional holes were abandoned after encountering mine workings and being unable to recover the hole.
Sampling and assaying of the drill core has begun.
The company was delayed awaiting electrical repairs to its core saw and approval from the electrical authority. The company anticipates sending samples to the lab this week and will report on results as they become available.
Stroud Resources is up 3.66 per cent, trading at $0.42 at 11:28 am ET.