Stroud Resources Announces 71% Increase in Measured and Indicated Resources at Santo Domingo, Mexico

http://www.marketwired.com/press-release/stroud-resources-announces-71-increase-measured-indicated-resources-santo-domingo-mexico-tsx-venture-sdr-2241367.htm

TORONTO, ONTARIO–(Marketwired – Nov. 20, 2017) – Stroud Resources Ltd. (TSX VENTURE:SDR) (“Stroud” or the “Company”) has filed an updated, independent National Instrument 43-101 (“NI 43-101”) Technical Report (the “Report”) on its Santo Domingo Project (the “Property”) located in the western silver-gold belt of the Sierra Madre Mountains of Mexico. The Property is located 90 km from Guadalajara in Jalisco Province; about 150 km south-west of First Majestic’s San Silver Mine and 150 km south-east of Endeavour Silvers’ Terronera Development Project. The Report was prepared by Derek McBride, P. Eng. using the exploration results from 16 diamond drill holes completed in 2011-2012, primarily on the La Raya and Guadalupe zones. It shows a significant increase in the measured and indicated and inferred mineral resource estimates from numbers previously reported in a 2010 Technical Report (press release of January 27, 2010).

Highlights

  • Measured and Indicated resources increased to 25.74M silver equivalent ounces from 15.05M.
  • Inferred Resources increased to 13.39M silver equivalent ounces from 10.68M.
  • La Raya vein indicates a mineralized zone, 35 metres wide by 300 metres deep and over 700 metres along strike.
  • Guadalupe vein is typically 15 to 30 metres wide.
  • Five additional veins have been identified for future exploration, deeper into the hillside.

The Report confirms measured and indicated, and inferred resources as set out in the table below:

Classification Tonnes Gold
g/t
Silver
g/t
Silver
Eq. g/t
Ounces
Gold
Ounces
Silver
Ounces
Ag Eq.
Measured 3,148,834 0.51 107.40 144.21 51,370 10,136,145 13,952,515
Indicated 2,932,967 0.43 94.07 124.93 40,242 8,874,620 11,785,663
Measured and Indicated 6,081,801 0.47 100.97 134.91 91,612 19,010,765 25,738,178
Inferred 3,482,160 0.39 119.56 43,228 10,083,932 13,387,222
Cut-off grade was 45 grams per tonne silver equivalent over a three metre true width and a gold-silver ratio of 72:1
Continuity of mineralization was established by drilling on 50 metre centres, and using a specific gravity of 2.65

 

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