09:02 AM EST - Silver Sands Resources Corp. : Reported the discovery of a new high-grade zone at Ely Central from the Phase II exploration program completed in Q1 at its Virginia Silver Project in Santa Cruz Province, Argentina. Phase II included 20 diamond drill holes totaling 3,104m, bringing the total metres completed during the field season to 5,935. The Phase II program of IP and diamond drilling commenced in late January. "Phase II drilling has confirmed our hypothesis that drilling known veins along strike will result in an expansion of the current resources and define the Virginia Project as a significant silver project. As a result of the spectacular assays at Ely Central (including EC-DDH-001 intersecting 10.8m at 625 g/t Ag, including 5.7m at 1,110 g/t Ag) we can now see the potential for the Ely zones to extend to over 1.3 km along strike length," commented Silver Sands CEO Keith Anderson. Silver Sands Resources Corp.
shares C.SAND are trading unchanged at $0.19.
