SLV.CN · 2022-06-13 12:00:00

Silver Dollar Intersects the Highest Grades to Date at the New Brazo Discovery, La Joya Silver Project in Durango, Mexico

Drill Results

FOR IMMEDIATE RELEASE

Silver Dollar Intersects the Highest Grades to Date at

the New Brazo Discovery, La Joya Silver Project in

Durango, Mexico

Phase II drilling continues, and the Company is fully funded for 2022

VANCOUVER, BC – June 13, 2022 – Silver Dollar Resources Inc. (CSE: SLV) (OTCQX:

SLVDF) (“Silver Dollar” or the “Company”) is pleased to report the initial assay results from

the Phase II drilling ongoing at the underexplored Nori a portion of the La Joya Silver Project (the

“Property”) located in the state of Durango, Mexico.

Key Highlight:

 Hole NOR-22-013 returned the highest grades to date at the new Brazo Discovery, intersecting

815 grams per tonne (g/t) silver equivalent (AgEQ) over 5 metres (m) within a broader interval

of 363 g/t AgEQ over 19.35 m starting at 86.4 m downhole.

Phase I drilling consisted of 2,424 metres of drilling completed over 11 holes with analytical results

previously reported (See news releases of March 24, 2022 and May 4, 2022).

A total 1,899 metres of drilling over 10 holes have been completed to date in Phase II drilling (See

drill plan map ). Drill core logging and sampling of all holes is ongoing with samples being

submitted in batches for analysis. The results reported below are for the first four holes of the Phase

II program.

Phase II Drilling Objectives and Discussion

Hole NOR-22-012 was a 30 m step back targeting the gold zone identifi ed in NOR-22-009 (0.66

g/t gold (Au) over 58.84 m from 75.83 m downhol e). Mineralization enc ountered included an

intercept with 1.00 g/t Au over 26.85 m from 131.78 m downhole. While the interval in NOR-22-

012 is approximately half the width of the interval in NOR-22-009 it is 42% higher in grade, (See:

cross-section).

Hole NOR-22-013 was a -20° steeper inclined hole beneath the silver-zinc (Ag-Zn) zone identified

in NOR-22-008 (89.59 g/t AgEQ over 125.3 m from surface including 267.56 g/t AgEq over 10.47

m from 70.53 m downhole), with NOR-22-013 targeting the highe r-grade mineralization 35 m

further down dip. The high-grade polymetallic mineralization of note begins with 363.29 g/t AgEQ

over 19.35 m from 86.4 m downhole (See: cross-section).

Hole NOR-22-014 was a 32 m step back from NOR- 22-013 that returned mineralization of lesser

grade and width than at higher elevations in the section; however, the results do indicate a

continuation of the mineralizin g event that remains open at depth and along strike (See: cross-

section).

Hole NOR-22-015 was drilled in the 100 m gap be tween the Au and Ag-Zn zones to establish

continuity between the zones and better understand the zonation. While the mineral distribution in

this hole is intermittent, it show s characteristics of the gold-rich zone to the south and the Ag-Zn

mineralization to the north (See: cross-section).

Table 1: A summary of downhole drill intersection results for the first four holes of the Phase II program.

Drill Hole

From

(m)

Length1

(m)

(g/t

(g/t)

AgEQ2

(g/t)

NOR-22-012 110.34 111.94 1.60 37.8 0.43 0.16 0.02 0.15 101

” 131.78 158.63 26.85 4.5 1.0 0.06 - 0.01 92

Including 145.30 157.35 12.05 4.0 1.22 0.03 - - 106

NOR-21-013 2.30 19.35 17.05 6.0 0.03 0.02 0.04 0.99 58

NOR-21-013 31.16 41.06 9.90 3.0 0.03 0.02 0.01 0.93 51

NOR-21-013 55.50 64.63 9.13 7.0 0.03 0.01 0.06 0.74 48

NOR-21-013 86.40 129.52 43.12 90.0 0.41 0.08 0.45 1.0 198

Including 86.40 105.75 19.35 192.0 0.27 0.06 1.0 2.2 363

“ 92.75 97.75 5.00 451.0 0.62 0.07 2.3 4.6 815

NOR-22-014 122.57 127.50 4.93 120.5 0.09 0.05 0.76 0.84 203

NOR-21-015 2.80 5.80 3.00 73.9 0.05 0.02 0.61 2.20 207

NOR-21-015 58.61 64.40 5.79 114.1 0.18 0.09 0.36 1.72 235

NOR-21-015 76.30 80.73 4.43 23.2 0.26 0.07 0.03 5.64 319

NOR-21-015 86.04 99.67 13.63 14.0 0.30 0.07 0.02 0.07 50

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.

“Phase II drilling continues to test the extensions of the wide intervals of mineralization intersected

in Phase I, with hole NOR-22-013 returning the highest grades to date at the new Brazo Discovery,”

said Mike Romanik, president of Silver Dollar. “Drilling is ongoing and additional results will be

reported as received.”

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 Parrill a and Del Toro Silver Mines. For additional

information on the Property click on the image below to watch the two-minute video.

Table 2: Drillhole Details

Drill Hole # Target

Area

Planned

Depth

(m)

Collar

Collar Azimuth Dip Hole

Length (m)

NOR-22-012 Noria 250 608205 2640722 45 -65 177

NOR-22-013 Noria 200 608178 2640835 90 -65 156

NOR-22-014 Noria 175 608143 2640835 180 -65 180

NOR-22-015 Noria 150 608197 2640783 65 -45 123

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 approximately $8.5 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

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.

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