Stroud Resources (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).
- 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.
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