TORONTO, Feb. 17, 2022 /CNW/ - 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.
|
Figure 1. Locations of Phase 1 2021 diamond drill holes (collars
and traces) completed on the Santo Domingo Silver Property, the
main mineralized vein systems (red dashes), and historical drill
hole traces (black). The drill holes in the current news release
are shown with red collars.
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.
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.
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SOURCE Stroud Resources Ltd.