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Dec. 22, 2021, 8:31 a.m. EST

Silver Dollar Updates Exploration Drilling at the La Joya Silver Project in Durango, Mexico

The Company is fully funded for 2022 exploration

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Vancouver, British Columbia, Dec 22, 2021 (Newsfile Corp via COMTEX) -- Vancouver, British Columbia--(Newsfile Corp. - December 22, 2021) - Silver Dollar Resources Inc. (otcqb:SLVDF) ("Silver Dollar" or the "Company") /zigman2/quotes/218765748/delayed CA:SLV -6.90% is pleased to report that a total of 1,134 metres of core drilling has been completed through five holes at the La Joya silver project located in the state of Durango, Mexico (See Figure 1).

The initial drilling program is focused on target development on the Noria portion of the La Joya property with an emphasis on testing for possible structural extensions of known mineralized zones identified in historical drilling. Results from this program are expected to provide valuable information regarding two possible high-grade concepts and will assist in guiding future phases of drilling.

Figure 1: Click on the image above to view a two-minute video introducing the La Joya Project

If you cannot view the video above, please visit:

Image Source:  https://silverdollarresources.com/images/LaJoya/LaJoya-3.jpg

Drill hole statistics are presented below in Table 1 and drill hole target descriptions are as follows:

The first two holes, NOR-21-001 and NOR-21-002, targeted possible westward and downward extensions of the resource shell related to the past-producing Embotelladora mine, the largest of the historic mines on the La Joya property. Both holes cut limestone for almost their entire length but with more intense skarn alteration and mineralization from 70-110 metres (m) and 90-160 m, respectively.

Hole NOR-21-003 was drilled to test the historical 1993 Luismin hole S-5 that had a shallow interval of 3.86 grams per tonne (g/t) gold (Au) over 15.24 m starting at 42 m but was not included in the historical resource wireframes. This short 69 m hole was designed to confirm the reported mineralization and advance it to National Instrument (NI) 43-101 standards.

Hole NOR-21-004 was drilled to test the deep high-grade "San Martin" type mineralization intercepted in historical hole LB96-04 (starting at 401.65m with 406 g/t silver equivalent [AgEq] over 8.65 m and 302 g/t AgEq over 3.5 m, including 812 g/t AgEq over 3 m) and was expected to cut mineralization between 360-400 m. The direction of this hole significantly deviated to the south and failed to intercept the expected mineralization but was extended down to 558 m to test mineralization near the main intrusive contact.

Hole NOR-21-005 is a 100 m step out to test the northward extension of mineralization in historical hole LJ-DD12-96 which intercepted 0.31 g/t Au over 17 m.

Drill Hole # Target
Target Depth (m) X
Azimuth Dip Hole
Length (m)
NOR-21-001 Noria 120 609670 2640835 35 -45 150.0
NOR-21-002 Noria 225 609671 2640834 60 -45 198.0
NOR-21-003 Noria 69 609695.5 2641043 30 -60 69
NOR-21-004 Noria 500 609603.1 2641251 60 -75 558.0
NOR-21-005 Noria 150 608177.2 2640832 45 -45 159

Table 1: Drill hole details

"The drilling campaign at La Joya is progressing well, and our crew will take a well-deserved two-week break over the holidays," said Mike Romanik, president of Silver Dollar. "We expect 2022 to be a big year for our Company, thank all our shareholders for their support this past year, and wish everyone a safe and happy holiday season."

Logging and sampling of the drill core is in progress and core samples are being submitted on a hole-by-hole basis for analysis. Results will be reported as they are received.

Mike Kilbourne, P.Geo., an independent Qualified Person as defined in NI 43-101, has reviewed and approved the contents of this news release on behalf of the Company.

About Silver Dollar Resources Inc.

CA : Canadian Securities Exchange
$ 0.54
-0.04 -6.90%
Volume: 100,950
May 17, 2022 3:14p
P/E Ratio
Dividend Yield
Market Cap
$24.30 million
Rev. per Employee
1 2
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