Drilling Continues to Expand the Brazo Discovery at Silver Dollar’s La Joya Project in Durango, Mexico
FOR IMMEDIATE RELEASE
Drilling Continues to Expand the Brazo Discovery at
Silver Dollar’s La Joya Project in Durango, Mexico
Further assay results are pending from Phase II drilling, and the Company is fully
funded for 2022
VANCOUVER, BC – August 17th, 2022 – Silver Dollar Resources Inc. (CSE: SLV) (OTCQX:
SLVDF) (“Silver Dollar” or the “Company”) is pleased to report the latest assay results from
Phase II drilling at the underexplored Noria portion of the La Joya Silver Project (the “Property”)
located in the state of Durango, Mexico.
Key Highlights:
Hole NOR-22-017 returned 1,052 grams per tonne (g/t) silver equivalent AgEQ over 1.87
metres (m).
Hole NOR-22-020 returned 662 g/t AgEQ over 2. 33 m within a broader intercept of 145 g/t
AgEQ over 22.36 m.
A total of 3,428 metres of drilling over 17 holes ha ve been completed to date in Phase II drilling
(See drill plan map). Drill core logging and sampling of all holes is complete, and all samples have
been submitted for analysis. Assay results for the initial four holes of the Phase II program were
previously reported (See: new release of June 13, 2022), and the results reported below are for the
next five holes.
Phase II Drilling Objectives and Discussion
Hole NOR-22-016 was drilled in the Brazo Zone 30° steeper below NOR-22-015 to target the area
between the silver-zinc and gold zones and was su ccessful in expanding the Brazo Zone at depth
(See: cross-section).
Hole NOR-22-017 was drilled to test for mineralization 25 m to the south of the shallow gold zone
encountered in NOR-21-004. This hole encountered a 12.87 g/t gold intercept that correlates to one
of the gold intercepts in NOR-21-004. (See: cross-section).
Hole NOR-22-018 was drilled in th e same section as NOR-21-004 at 15° shallower to target the
gold mineralization 35 m and 44 m to the east. This hole missed the target suggesting that if the
gold mineralization has continuity, it may dip to the east steeper than the -60° of hole NOR-22-
018.
Hole NOR-22-019 was drilled in the Brazo Zone on the same section and 26 m back to target
mineralization 40 m down section from NOR-22-016. The Brazo structure is now mineralized over
a drilled strike length of 155 m and remains open in both strike directions and at depth (See: cross-
section).
Hole-22-020 was drilled in the Brazo Zone to target an extension 35 m to the northwest of the high-
grade mineralization intercepted in hole NOR- 22-013. This hole cut the same type of skarn
alteration and sulphide mineralization (See: cross-section).
“Drilling continues to expand the Brazo Discovery, and we are awaiting results for eight more holes
from the Phase II program,” said Mike Romanik, president of Silver Dollar . “We have paused
further drilling until we receive the balance of the Phase II results, and the drill rig has been left
onsite as we plan our next phase of exploration.”
Table 1: A summary of the latest downhole drill intersection results for the Phase II program.
Drill Hole
#
From
(m)
To
(m)
Length1
(m)
Ag
(g/t
Au
(g/t)
Cu
%
Pb
%
Zn
%
AgEQ2
(g/t)
NOR-22-016 10.50 13.50 3.00 24.50 0.19 0.03 0.18 2.25 156
” 127.22 137.13 9.91 33.70 0.80 0.47 - 0.03 161
NOR-22-017 130.50 132.37 1.87 21.10 12.87 0.04 - 0.2 1,052
NOR-22-018 206.73 211.23 4.50 28.00 1.26 0.27 - 0.03 165
NOR-22-019 31.88 44.28 12.40 8.00 0.39 0.02 0.04 0.81 81
Including 31.88 33.95 2.07 25.00 1.06 0.02 0.03 0.40 132
NOR-22-019 115.25 162.95 47.70 39.00 0.35 0.11 0.02 0.17 90
Including 132.00 152.43 20.43 65.00 0.44 0.13 0.02 0.04 119
Including 132.00 135.40 3.40 132.00 0.74 0.17 0.02 0.07 218
NOR-22-020 90.76 96.78 6.02 68.10 0.08 0.03 0.25 0.58 115
Including 90.76 91.51 0.75 268.3 0.26 0.07 1.79 3.56 534
NOR-22-020 133.20 134.70 1.50 6.70 0.05 - - 2.7 140
NOR-22-020 162.34 184.70 22.36 66.8 0.24 0.16 0.22 0.61 145
Including 164.84 167.17 2.33 332.9 0.38 0.11 1.77 4,60 662
1. True widths have yet to be determined.
2. AgEQ in results assume (USD) $1,750 Au and $22 Ag per/oz, and $4.30 Cu, $1.25 Pb, and $1.50 Zn per/lb, and 100% metallurgical recovery.
Procedure, Quality Assurance / Quality Control, and Data Verification
The diamond drill core (HQ size) was geol ogically logged, photographed, and marked for
sampling. Core designated for sampling was sawn in half with a diamond blade core saw. One-half
of the core was sealed in plastic bags and sh ipped for analysis. The remaining half portion was
returned to the core trays for storage and/or for metallurgical test work.
The sealed and tagged sample bags were transported to the ActLabs facility in Zacatecas, Mexico
where the samples were crushed and 200–300-gram pulp samples prepared with ninety percent
passing Tyler 150 mesh (106μm). The pulps were assayed for gold using a 30-gram charge by fire
assay (Code 1A2 and/or FA450) and over limits gr eater than 10 grams per tonne were re-assayed
using a gravimetric finish (Code 1A3 and/or FA550). Silver and multi-e lement analysis was
completed using total digestion (Code 1F2 Total Digestion ICP). Over lim its greater than 100
grams per tonne silver were re-assayed using a gravimetric finish (Code 8-Ag FA-GRAV Ag).
Quality assurance and quality control ("QA/QC") procedures monitor the chain of custody of the
samples and include the systematic insertion and monitoring of appropriate reference materials
(certified standards, blanks, and duplicates) into the sample strings. The results of the assaying of
the QA/QC material included in each batch were tracked to ensure the integrity of the assay data.
All results stated in this announcement have passed Silver Dollar’s QA/QC protocols.
Mike Kilbourne, P.Geo., an independent Qualifie d Person as defined in NI 43-101, has reviewed
and approved the technical contents of this news release on behalf of the Company.
About the La Joya Project
The La Joya Property is situated approximately 75 kilometres directly southeast of the state capital
city of Durango in a prolific mineralized region with past-producing and operating mines including
Grupo Mexico's San Martin Mine, Industrias Penoles 's Sabinas Mine, Pan American Silver's La
Colorada Mine, and First Majestic's La Parrilla and Del Toro Silver Mines. Silver Dollar previously
reported analytical resu lts for its Phase I program that co nsisted of 2,424 metres of drilling
completed over 11 holes (See news releases of March 24, 2022 and May 4, 2022). For additional
information on the Property click on the image below to watch the two-minute video.
Drill Hole # Target
Area
X
Collar
Y
Collar Azimuth Dip Hole
Length (m)
NOR-22-016 Noria 608194 2640781.6 65 -75 165
NOR-22-017 Noria 609610 2641234.9 85 -75 210
NOR-22-018 Noria 609610 2641234.6 60 -60 249
NOR-22-019 Noria 608169 2640770.6 65 -72 207
NOR-22-020 Noria 608108 2640688 90 -60 216
Figure 1: Click on the image above to view a two-minute video introducing the La Joya Project
About Silver Dollar Resources Inc.
Silver Dollar is a mineral exploration company that completed its initial public offering in May
2020 and is fully funded for 2022 with approxima tely $8 million in the treasury. The Company’s
projects are located in two of the prolific mining jurisdictions in the world and include the advanced
exploration and development stage La Joya Silver Project in the state of Durango, Mexico; and the
discovery-stage Pakwash Lake and the Longlegge d Lake properties in the Red Lake Mining
District of Ontario, Canada. Th e Company has an aggressive gr owth strategy and is actively
reviewing potentially accretive acquisitions with a focus on drill-ready projects in mining-friendly
jurisdictions internationally.
For additional information, you can download our latest presentation by clicking here and you can
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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 stat ements.” Forward-looking statements involve known and
unknown risks, uncertainties, assumptions and other fact ors that may cause the actual results, performance or
achievements of the Company to be materially different from any 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 app licable securities laws, the Company disclaims any intent or
obligation to update any forward-looking statement, whether as a result of new information, future events or results or
otherwise.