Silver Dollar Completes Acquisition of the Ranger-Page Project in Idaho’s Silver Valley
FOR IMMEDIATE RELEASE
Silver Dollar Completes Acquisition of the Ranger-
Page Project in Idaho’s Silver Valley
The drill ready Ranger-Page Project is located in the Coeur d’Alene Mining
District that ranks among the world’s top producers of silver, lead and zinc
VANCOUVER, BC – August 7, 2024 – Silver Dollar Resources Inc. (CSE: SLV) (OTCQX:
SLVDF) (FSE: 4YW) (“Silver Dollar” or the “Company”) is pleased to announce that, further
to the news release of July 15, 2024, it has completed the acquisition of the assets related to the
Ranger-Page Project located in Shoshone County, Idaho, USA ( Figure 1 ), which includes the
option rights under the Government Gulch Option and Joint Venture Agreement and the Page Mine
Mineral Rights Lease and Option Agreement.
Figure 1: Location of the Ranger-Page Project in the Coeur d’Alene Mining District.
Project Highlights:
• A drill-ready project in a world-class silver district where over 90 mines have operated
since the first major lead-zinc-silver discovery was staked in 1884.
• Ideally situated approximately two kilometres (km) south of Interstate 90 Freeway and
the town of Smelterville, the Project features power, water , year-round access to local
infrastructure and a workforce skilled in exploration and mining.
• The Project comprises two contiguous patented lode claim groups – Government
Gulch (403 acres) and Page Mine (802 acres) – that consolidate the western end of the
Silver Valley mining corridor under a single operator for the first time.
• The land package covers six historic mines with the option to acquire ownership of the
Project’s mineral rights, which are not currently subject to any royalties.
• Surface access rights are in place to allow Silver Dollar to conduct exploration
activities, and the permitting process is with the State of Idaho , no federal
permitting required .
• Multiple exploration targets developed over the last two years and are ready to drill
after the systematic use of modern exploration techniques for the first time.
• Primary target areas are up-plunge from where historical underground mining ended,
near surface, and targets have been defined laterally away from the footprint of the
past producing mines.
• Additional drill targets not associated with the historical mining areas have also been
identified.
• The Project borders the Bunker Hill mine that is on track to restart mining in Q4 2024.
Figure 2: Ranger-Page fault system, historical underground mine workings, and new target zones.
A Structurally Active Area:
The ore deposits of the Coeur d'Alene Mining District are hosted in structural features characterized
by a complex network of faults and folds resulting from tectonic forces of diverse ages and
movements. The district occurs at the intersection of the west-northwest-trending Osburn Fault and
a north-trending anticlinal (upfolded) structure called the Noxon Arch.
The 27 km displacement of the Osburn Fault runs through the district’s most productive silver belts
and along the northern boundary of the Ranger-Page Project. A network of seven secondary faults
transverses the Project area, with the north-south trending Page Fault (that hosts the Page Mine) at
the western end and the Crown Point Fault at the eastern end intersecting the Osburn Fault.
Additional faults include the east -west trending Curlew, 96, Buckeye and Spring faults and the
southeast-northwest trending Government Gulch Fault (Figures 2 and 3).
Exploration Potential:
Major discoveries in the Coeur d’Alene Mining District tend to result from deep exploration down
plunge of near-surface mineral showings. Narrow veins near surface can blossom into multimillion-
ounce ore bodies at depth, where vein structures intersect favo urable rock formations.
Consequently, the district remains an active region for exploration and mining even 140 years after
Ag-Pb-Zn deposits were first discovered along the South Fork of the Coeur d’Alene River.
Consistent with the exploration history of the district, the Ranger-Page Project exhibits similar
discovery potential near surface and at depth. This assessment is based on the comprehensive
underground mining database that provides strong evidence of high-grade mineralization
continuing at depth and along strike from where historical underground mining ended , and the
latest exploration resu lts from geophysical and geochemical surveys, extensive trenching and
sampling, and geological mapping that have identified new target areas with potential near-surface
mineralization.1
Figure 3: Coloured areas depict IP anomalous zones dipping along faults toward the south.
For additional information on the Ranger-Page Project see the news release of July 15, 2024.
“We are thrilled with the acquisition of the Ranger -Page Project and thank all involved for their
assistance in expediting the completion of the transaction,” said Mike Romanik, president of Silver
Dollar. “Our immediate exploration focus is on the near-surface targets recently discovered outside
of the area of the historic mines.”
Transaction Summary:
The vendors assigned the assets to Silver Dollar’s wholly owned subsidiary for cash consideration
of $300,000 and the issuance of 6,000,000 common shares in the capital of Silver Dollar at a
deemed price of $0.30 per share for aggregate consideration of $2,100,000. The shares are subject
to a statutory four -month hold period and contractual escrow in accordance with the following
release schedule:
Release Date Release from Contractual Escrow
August 6, 2024 1,000,000 shares
February 6, 2025 1,250,000 shares
August 6, 2025 1,250,000 shares
February 6, 2026 1,250,000 shares
August 6, 2026 1,250,000 shares
The Company also paid finders’ fees totaling $30,000 and 600,000 shares in respect of the
acquisition. The finders’ shares are subject to a statutory four-month hold period.
Mike Kilbourne, P.Geo., an independent Qualified Person (QP) as defined in NI 43 -101, has
reviewed and approved the technical contents of this news release on behalf of the Company. The
QP and the Company have not completed sufficient work to verify the information on the Ranger-
Page Project, particularly regarding historical exploration, resources and production, neighbouring
companies and government geological work.
About Silver Dollar Resources Inc.
Silver Dollar is a mineral exploration company that is fully funded to execute its near -term
exploration plans having closed its last financing with lead orders from billionaire mining investor
Eric Sprott and NYSE -listed First Majestic Silver. The Company's primary projects lie within
Idaho’s prolific Silver Valley and the Durango-Zacatecas silver-gold belt and include the advanced
exploration stage Ranger-Page and La Joya projects and the early exploration stage Nora project .
Management has an aggressive growth strategy and is actively reviewing potential acquisitions
with a focus on drill-ready projects in mining-friendly jurisdictions.
For additional information, you can download our latest presentation by clicking here and follow
us on X by clicking here.
ON BEHALF OF THE BOARD
Signed “Michael Romanik”
Michael Romanik,
President, CEO & Director
Silver Dollar Resources Inc.
Direct line: (204) 724-0613
Email: [email protected]
179 - 2945 Jacklin Road, Suite 416
Victoria, BC, V9B 6J9
Forward-Looking Statements:
This news release may contain “forward -looking statements.” Forward -looking statements involve known and
unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance or
achievements of the Company to be materially different from an y future results, performance or achievements
expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of
this news release and, except as may be required by applicable securities laws, the Company di sclaims any intent or
obligation to update any forward -looking statement, whether as a result of new information, future events or results
or otherwise.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the
contents of this news release.
Referenced Sources:
1. https://silvervalleymetals.com/projects/ranger-page-project/exploration-potential/