Silver Dollar Provides Update on Exploration Drilling at the La Joya Silver Project in Durango, Mexico
FOR IMMEDIATE RELEASE
Silver Dollar Provides Update on Exploration Drilling
at the La Joya Silver Project in Durango, Mexico
Assay results are pending, and the Company is fully funded for 2022 exploration
VANCOUVER, BC – February 23, 2022 – Silver Dollar Resources Inc. (CSE: SLV) (OTCQB:
SLVDF) (“Silver Dollar” or the “Company”) is pleased to report that a total of 2,424 metres of
core drilling has been completed through eleven holes at the La Joya Silver Project (the “Property”)
located in the state of Durango, Mexico (See Figure 1).
The initial drilling program is focused on the No ria portion of the Property with an emphasis on
target development and testing for possible stru ctural extensions of known mineralized zones
identified in historical drilling. Drill core samp le results are pending for all holes and drilling is
now on standby until we receive and interpret assay results.
Figure 1: Click on the image above to view a two-minute video introducing the La Joya Project
The Company has experienced multiple missed deadlin es for the sample assay results. This was
due to issues with the original accredited lab apparently related to Omicron, prep lab back logs,
personnel changes, and internal operational issu es. Upon learning of the most recent delay, the
Company has taken immediate action and within 48-hours has now moved the drill core sample
pulps to another accredited lab who have promised the analytical results in a shorter time frame.
“Delays with the original lab were beyond our control and we have now taken steps to mitigate the
issue,” said Mike Romanik, president of Silver Dollar. “Additionally, Versa Perforaciones has left
their drill rig onsite so we can resume exploration drilling as soon as we have interpreted the initial
drill results and plotted our next set of drill holes.”
Mike Kilbourne, P.Geo., an independent Qualifie d Person as defined in NI 43-101, has reviewed
and approved the contents of this news release on behalf of the Company.
About the La Joya Property
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 Maje stic's La Parrilla and Del Toro Silver Mines. Access and
infrastructure near the property are considered excellent with a highway and power lines nearby.
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 $9 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.