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Seizing opportunity today to fast-track for tomorrow
SAND:CSE
May 2021
Disclaimer
This presentation contains certain forward-looking information and statements which may not be based on fact, including without limitation, statements regarding the Company’s expectations in respect of its business strategy, mineral resource potential,
exploration drilling, permitting, access to capital, events or developments that the Company expects to take place in the future. All statements, other than statements of historical facts, are forward-looking information and statements. The words “believe”,
“expect”, “anticipate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will” and similar expressions identify forward-looking information and statements.
In addition to the forward-looking information and statements noted above, this presentation includes those that relate to: the expected results of exploration activities; the ability to identify new mineral resources; ability to raise additional capital and
complete future financings; the ability of the Company to comply with environmental, safety and other regulatory requirements; the ability of the Company to obtain all necessary approvals and permits in connection with the continued exploration of the
Virginia Project and other mineral properties.
Such forward-looking information and statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the date of such, information and statements are inherently subject to significant business,
economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information and statements. Such factors include, but are not limited to, the
inability of the Company to raise sufficient monies to carry out its business plan, changes in government legislation, taxation, controls, regulations and political or economic developments in Ontario, the maintenance of access to surface rights for exploration,
including the ability to procure equipment and supplies, including, without limitation, drill rigs, the speculative nature of exploration, including the risk of obtaining necessary licenses and permits. Many of these uncertainties and contingencies can affect the
Company’s actual performance and could cause actual performance to differ materially from those expressed or implied in any forward-looking information and statements made by, or on behalf of, the Company. Readers are cautioned that forward-looking
information and statements are not guarantees of future performance. There can be no assurance that such information and statements will prove to be accurate and actual results and future events could differ materially from those presented in such
information and statements. Forward-looking information and statements is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information and statements. Such risks
include, but are not limited to, exploration potential, mineral grades and mineral recovery estimates, delays in exploration plans, insufficient capital to exploration plans, risks, cost of exploration programs, risks associated with competition in the mining industry,
risks associated with the ability to retain key executives and personnel, title disputes and other claims, changes in governmental and environmental regulation that results in increased costs, cost of environmental expenditures and potential environmental
liabilities, accidents, labour disputes, and the ability of the Company to get access to surface rights for exploration. 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 information and statements. The Company disclaims any intention or obligationto update or revise any forward-looking information and statements whether as a result of new information, future events or
otherwise, except to the extent required by applicable laws.
Qualified Person
Tim Henneberry, P. Geo is the Company's designated Qualified Person within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and has reviewed and validated that the information contained herein is
accurate. All sources of data contained herein are from Silver Sands Resources unless otherwise noted.
2 silversandscorp.com | SAND:CSE | May 2021
Silver Sands - Expanding a Silver Resource in Argentina
Silver Sands key asset is the Virginia silver project, located in the mining-friendly Santa Cruz
state of Argentina. Silver Sands has the option of earning a 100% interest in the project.
Existing Resource Open Pit Concept
An existing NI-43-101 resource of 1,149,000 Tonnes at 310 g/t silver for a total of 11.9 Moz silver in the
indicated category and 430,000 Tonnes at 207 g/t silver for a total of 3 Moz in the inferred category.
Silver mineralization is located in a pit constrained silver resource to a maximum depth of just 95 m. The
resources are distributed within several vein structures, some of which have confirmed silver values in
excess of 1,000 g/t silver.
Two Rounds of Drilling and IP Indicate Significant Potential For Expansion
Drilling success to date showed 6 newly identified areas for anticipated resource expansion plus IP work has
identified several linear anomalies yielding chargeability responses similar to those of the known veins:
A potential series of a parallel veins in the Florencia area.
A potential series of parallel veins in the Maos area.
Well Funded with Attractive Capital Structure
Raised $5 million in 2020 to fund exploration of the Virginia Project.
54 million shares outstanding, no debt. The resource is documented in a Mirasol Resources technical report entitled "Amended
Technical Report, Virginia Project, Santa Cruz Province, Argentina -- Initial Silver Mineral
Resource Estimate," with an effective date of Oct. 24, 2014, and a report date of Feb. 29, 2016.
Experienced Team & Strong Shareholders
Mirasol Resources is a well-known, capitalized and respected operator who holds 10%.
Eric Sprott is the largest shareholder.
Mirasol Resources is a well-known, capitalized and respected operator who holds 10%.
3 Eric Sprott is the largest shareholder. silversandscorp.com | SAND:CSE | May 2021
Attractive Structure, Valuation & Supportive Shareholders
Capitalization Major Shareholders
Issued and Outstanding 56,104,241 Eric Sprott 10%
Options issued 4,933,100 Mirasol 10%
Warrants issued 19,556,830 Mgt and board 8%
Fully Diluted 80,594,171 Total insider & Strategic 28%
Funds on Hand $2,000,000 Retail 72%
Proceeds if Warrants Exercised $5,100,000
(Company holds acceleration clause)
Silver Sands Share Price Performance Silver Near Month Futures Price
4 silversandscorp.com | SAND:CSE | May 2021
Management, Board & Operator
Strong Team with Extensive Geological and Capital Markets Expertise
Keith Anderson - CEO & President Tim Hennebery - Director
Over 20 years experience in the brokerage community, acquired extensive Geoscientist with over 41 years of experience in exploration and
knowledge in the structuring and financing of resource companies. Has deep production for base and precious metals and industrial minerals.
industry relationships with mining executives and investors from around the
world.
Alex Hemel - CFO Richard Macey - Director
Management consultant with specific expertise facilitating private to public Businessman who operated successful companies for over 12 years. Has
market transitions. Has been director and officer for numerous private and worked with several publicly trading companies focusing on corporate
listed CSE and TSX-V companies. governance, public filings, and internal control systems.
Operator: Mirasol Resources
Mirasol is a well-known, capitalized and respected project generation and
exploration company.
Repeated success predominantly focussed in Argentina and has
acquired, developed and farmed out several advanced stage
properties.
5 silversandscorp.com | SAND:CSE | May 2021
Silver Sands – The Right Location
Located in Santa Cruz: Argentina’s Prolific Silver and Gold Mining District
This year, Argentina ranked as the 5th most attractive region in the world for investment.
Argentina is in the global top 10 of silver mining jurisdictions.
Santa Cruz where the Virginia Project is located ranks above Mexico on Investment
Attractiveness Index.
Surrounded by Operating Silver and Gold miners
Strike, Width, Depth Parameters at Key Projects in Santa Cruz
Metres
Company Project Metals Length Width Depth
Newmont Cerro Negro Au, Ag 750 - 1200 1 - 30 450
Yamana Cerro Mono Au, Ag 200 - 1800 1–5 220
Located between 170 and 250km from four producing precious metal mines. McEwen San Jose Au, Ag 400 - 1100 0.3 - 9.5 50 to 300
Pan American Joaquin Ag, Au 900 1 - 42 220
Some of the nearby producing silver mines have mineralization to a depth of up Pan American Manantial-Espejo Au, Ag 950 1 - 18 50 - 100
to 450 m below surface. Patagonia Martha Ag, Au 200 - 900 0.5 - 3 250
Patagonia La Josefina Au, Ag 200 - 900 1-5 250
Minera Don Nicolas Au, Ag 800 2-4 250
6 silversandscorp.com | SAND:CSE | May 2021Silver in Context with Previous Bull Markets 7 silversandscorp.com | SAND:CSE | May 2021
Silver Sands – High Grade Silver Across Multiple Zones
Diamond Drilling – HG intervals Diamond Drilling – Longer intervals
Drill Hole Vein m from m to m width m true width Ag (g/t) Drill Hole Vein m from m to m width m true width Ag (g/t)
VG-004 Julia Central 30.00 32.65 2.65 2.16 1,841 VG-007A Julia North 8.45 43.00 34.55 30.22 207
VG-056B Julia Central 44.00 46.04 2.04 1.46 1,308 VG-014A Julia North 7.00 41.00 34.00 33.26 145
VG-036 Julia Norte 21.35 26.00 4.65 3.73 2,127 VG-017A Julia North 27.00 106.90 79.90 62.09 125
VG-081 Julia Norte 49.75 52.50 2.75 2.23 2,033 VG-037 Julia North 43.00 69.50 26.50 25.71 123
VG-007A Julia Norte 19.50 22.70 3.20 2.88 1,703 VG-042A Julia Central 21.52 56.00 34.48 30.72 123
VG-053 Naty 50.40 53.20 2.80 2.36 1,779 VG-043A Julia Central 44.00 95.00 51.00 45.44 129
VG-089A Martina 32.80 35.55 2.75 1.92 846 VG-184 Ely North 75.94 172.08 96.14 79.70 55
Channel Sampling SAND Phase I and Phase program success
Channel Sample ID Vein m from m to m width Ag (g/t)
Identified new potential near term resources:
EL-39482A Ely Sur 0.00 1.39 1.39 1,490
Ely Central, Ely North, Martina NW, Julia South
EL-39482B Ely Sur 0.00 0.71 0.71 1,325
JU-38571B Julia Sur 0.00 0.68 0.68 3,170
Identified potential new structures (NE area) through IP
JU-38454B Julia Sur 0.00 0.51 0.51 2,800
geophysics.
JU-39120B Julia Central 0.00 0.88 0.88 1,930
JU-39120F Julia Central 0.00 0.71 0.71 1,875
JU-39572C Julia Norte 0.00 0.81 0.81 3,200
JU-39363B Julia Norte 0.00 0.53 0.53 2,650
JU-39420A Julia Norte 0.00 0.76 0.76 1,445
8 silversandscorp.com | SAND:CSE | May 2021High Grade Silver Mineralization 9 silversandscorp.com | SAND:CSE | May 2021
Virginia Project 10 silversandscorp.com | SAND:CSE | May 2021
Silver Sands – The Virginia Project
Growing silver resource with exploration upside.
Existing resources of 1,149,000 Tonnes a@310 g/t silver = 11.9 Moz
indicated and 430,000 Tonnes @ 207 g/t = 3 Moz inferred.
7 conceptual open pits during initial exploration concentrating on
shallow near surface zones, “the low hanging fruit.”
Geology suggests mineralized interval is dipping to the east, meaning
potential resources in the eastern veins will lie deeper.
Phase I and II drilling identified four zones for potential resource
expansion, with highlight silver grades of 1,578 g/t over 2.87m and
1,109 g/t over 5.7m along a structure over 2.7 km along strike.
IP, a key exploration tool, has identified the NE area as a key target for
potential resource expansion based on similar chargeability responses
to known veins hosting resources.
Operating mines within the Deseado Massif, the host of the Santa Cruz
deposits, have confirmed mineralization to a depth 450 metres.
11 silversandscorp.com | SAND:CSE | May 2021NI 43-101 Silver Resource - 2016
Diluted Indicated Mineral Resources Diluted Inferred Mineral Resources
Source: 2016-02-29 | Amended Technical Report, Virginia Project,
Santa Cruz Province, Argentina - Initial Silver Mineral Resource
Estimate. Prepared for Mirasol Resources Ltd. by D.F. Earnest and
M.J. Lechner dated February 29, 2016.
Indicated Resource: 11,927,000 Silver ounces @ 310 g/t Ag.
Inferred Resource: 3,062,000 Silver ounces @ 207 g/t Ag.
Mineral Resources were estimated using silver assay data from a total of 191
surface trench channel samples and samples from 223 diamond drill holes.
63 g/t Ag cutoff grade based on a silver price of US$20 per ounce.
12 silversandscorp.com | SAND:CSE | May 2021Silver Sands – Phase I and Phase II Exploration Drill Results
Successful Phase I and Phase II drill programs, identified
4 targets for potential short term resource expansion.
Sand Phase I Drill Highlights
Hole ID From To Interval (m)1 Ag g/t2 Cut-off4 Vein
MSE-DDH-001 79.5 113 33.5 198.51 30 g/t Martina SE
Including 85.8 103.5 17.7 316.86 63 g/t
EC-DDH-001 92.75 102 9.25 233.54 30 g/t Ely Central
Including 94.55 99.05 4.5 441.71 63 g/t
NE-DDH-001 40 41.1 1.1 250.06 63 g/t Naty Extension
JS-DDH-001 71.1 79.6 8.5 123.43 30 g/t Julia South
Including 71.1 79 7.9 130.41 63 g/t
Including 75.1 79 3.9 168.34 150 g/t
MSE-DDH-003 49.57 54.41 4.84 119.03 63 g/t Martina SE
Julia South
JSE-DDH-001 71.35 75.55 4.2 140.27 63 g/t
Extension
Sand Phase II Drill Highlights
Hole ID From To Interval (m)1 Ag g/t2 Cut-off4 Vein
EC-DDH-003 62.32 72.3 9.98 560 63 Ely Central
Including 65.13 68 2.87 1,578 150
EC-DDH-004 70.9 80.5 9.6 639 63 Ely Central
EC-DDH-005 44.7 55.5 10.8 625 63 Ely Central
Including 45 50.7 5.7 1,110 150
EN-DDH-002 85.3 89.3 4 476 63 Ely North
Including 87.15 89 1.85 929 150
JS-DDH-003 78 83.5 5.5 192 63 Julia South
MNW-DDH-001 67.6 73.5 5.9 190 63 Martina NW
13 silversandscorp.com | SAND:CSE | May 2021Silver Sands – Phase I and Phase II Exploration IP Geophysics
The Pole DiPole Induced Polarization survey program has
found a potential series of parallel veins in the Florencia and
Maos areas and further potential vein structures to the north of
those.
Expanded the IP to the northeast in an area of minimal
outcrop exposure.
Obtained similar chargeability responses to the areas of the
known veins.
IP suggests strike lengths of structures from 500m to 3km.
14 silversandscorp.com | SAND:CSE | May 2021Silver Sands – Phase III Program
Resource definition drilling
Ely Central, Ely North, Martina NW, Julia South
Confirmation drilling
Naty Extension, Julia South Extension, Martina SE,
Martina SW
Exploration drilling
Magi, Florencia, Daniela, Patricia, Santa Rita
Trenching, exploration drilling
Northeast area geophysical targets
Resource Update late H2 2021
15 silversandscorp.com | SAND:CSE | May 2021Key Milestones Past & Future
Growing a Silver Resource
Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021
Completed Completed Phase 2 results & Commence Phase 43-101 Resource
Phase I Phase II compile all results 3 drilling, more IP Updated & Phase
to design Phase III 4 Drilling
2,821 metre drill 3,104 metre drill program Commences
program program
18 holes - 95.5 20 holes - 40 line
line km of IP km of IP
16 silversandscorp.com | SAND:CSE | May 2021Key Drivers for Investing
Existing resource of 1,149,000 Tonnes @310 g/t silver = 11.9 Moz indicated and 430,000
Tonnes @ 207 g/t = 3 Moz inferred. Structures open in all directions and to depth.
Phase 1 & 2 results expanded resource. High grade results from Ely conceptual open pit
structure with potential for zones to extend to over 1.3 km along strike length.
Drilling to date has been mostly 0 to 150 metres while other neighboring mines are
producing to 400 metres.
IP indicates a series of new potential structures which suggest strike lengths from 500m to
3km.
Phase 3 drilling to include testing of highly prospective untested “gaps” that could
significantly increase the known mineralized zones.
Currently funded through Phase 3 and an update of the 43-101 resource.
Attractive valuation levels with significant re-rating potential based on Phase 2 results and
the potential of the project not being reflected in current valuation.
17 silversandscorp.com | SAND:CSE | May 2021Additional Information
Virginia Project Geological Location - The Deseado Massif
18 silversandscorp.com | SAND:CSE | May 2021Additional Information
Focused on Expanding Conceptual Open Pits
19 silversandscorp.com | SAND:CSE | May 2021Additional Information
Virginia Project Geology Details
Northern portion of the property hosts similar structures which have
not been explored by drilling.
Eastern portion of the property contains widespread epithermal vein
structures that are at depth which will be explored in Phase III.
Most of the drilling has focused on the outcropping shallow silver
mineralization.
Large system with a lot of upside potential.
20 silversandscorp.com | SAND:CSE | May 2021You can also read
