New Target Development in Progress at Silver Dollar’s La Joya Project in Durango, Mexico
FOR IMMEDIATE RELEASE
New Target Development in Progress at Silver Dollar’s
La Joya Project in Durango, Mexico
The Company is fully funded and planning the next phase of exploration
VANCOUVER, BC – December 15, 2022 – Silver Dollar Resources Inc. (CSE: SLV) (OTCQX:
SLVDF) (“Silver Dollar” or the “Company”) is pleased to report the progress in its new target
development work at the underexplored Noria portion of the La Joya Silver Project (the “Property”)
located in the state of Durango, Mexico.
Figure 1: 2022 Brazo Discovery Ground Magnetic Survey and Geophysical Interpretation.
Ground Magnetic Geophysical Survey:
TMC Exploration recently conduc ted a ground magnetic (MAG) surv ey on the Coloradito area
within the Noria portion of the Property. The lim ited MAG survey was designed to test the
signature of the pyrrhotite/intrusive contact associated with the Brazo discovery mineralization and
identify any extensions or replication of that signature.
The ground magnetic lines were surveyed using GPS, chain, and compass spaced at 50 or 100
metres (m) and oriented at 060° to perpendicularly cross the Brazo, Brazo East and the Coloradito
intrusive contact.
Magnetic readings were collected continuously by the instrumentation over 14 lines ranging
between 1.325 to 1.5 kilometres (km) for a total of approximately 19.8 km of magnetic data.
TMC provided an interpretation identifying, three relatively well contrasted and thin magnetic beds
striking N150º/N330º that can be differentiated to the south (namely S-1, S-2, and S-3). Each bed
may sub-outcrop and appears with some continuity at depth. Th ey may underscore, for example,
sulphide and ferromagnesian rich horizons hosted along a shear zone.
S-1: is located in a largely blind area mostly covered with caliche (hardpan) with limited
outcrops of limestone and hornfels.
S-2: in general, follows a N-S trending just off the east side of the top of Coloradito with
coincident anomalies and workings.
S-3: is coincident with the El Brazo mineralization and identifies a prospective area to the
south.
Ground Truthing and Surface Sampling:
Detailed surface mapping and sampling have been car ried out with a focus on the areas identified
as targets by the ground magnetic survey. A total of 125 rock samples have been submitted to the
lab for analysis, of which assays for 79 samples have been received to date.
On the S-2 target, mapping and sampling identified coincident alteration, mineralization, and old
prospect pits and shafts. Sample assays returned values up to 291 grams per t onne (g/t) silver 0.8
g/t gold and 1.2% zinc.
On the S-3 target, which extends from the Braz o mineralization to the south, follow-up mapping
and sampling also identified alteration zones and mineralization. Seven samples returned elevated
zinc (0.3%-1.0%) and lead (1.4%-6.2%).
Further follow-up work is being conducted in the areas where both geophysical and geochemical
anomalies have been identified to develop new drill targets.
Data Interpretation:
Silver Dollar hired Orix Geoscience to compile and integrate all historical and 2021-2022 drilling
into Leapfrog to model geology and mineralization in three dimensions. Additionally, all historical
surface and recent sampling pr ograms plus geophysical signature s were integrated with 3D
modeled trends. This work will aid in understanding mineralizing controls and vector exploration
and drilling efforts to expand the Brazo mineraliz ation and test for similar style mineralization
proximal to and around the Coloradito intrusive contact.
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 results for its Phase I drill program, which consisted of
2,424 metres (m) completed over 11 holes (See news releases of March 24, 2022 and May 4, 2022);
and for its Phase II program, which consisted of 3,428 m of drilling completed over 17 holes (See
news releases of June 13, 2022, August 17, 2022, and October 25, 2022).
For additional information, click on the Property location map below to watch a short video.
Figure 2: Location of the La Joya Project along with past-producing and operating mines in the area.
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 $7 million in the treasury. The Company’s
projects are located in two of the prolific mi ning jurisdictions in the world. They 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. The Co mpany has an aggressive growth strategy and is
actively reviewing potentially accretive 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 you can
follow us on Twitter 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 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.