Silver Dollar Reports Final Drill Results from Phase II Drilling at La Joya Project in Durango, Mexico
FOR IMMEDIATE RELEASE
Silver Dollar Reports Final Drill Results from Phase II
Drilling at La Joya Project in Durango, Mexico
The Company is fully funded and planning the next phase of exploration
VANCOUVER, BC – October 25th, 2022 – Silver Dollar Resources Inc. (CSE: SLV) (OTCQX:
SLVDF) (“Silver Dollar” or the “Company”) is pleased to report th e final 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-22-023 returned 686 grams per tone (g/t) silver equivalent (AgEQ) over 1.29 metres
(m).
Hole NOR-22-024 returned 894 g/t AgEQ over 0.5 m.
A total of 3,428 metres of drilling over 17 holes have been completed in Phase II drilling. Assay
results for the first nine holes of the Phase II program were previously reported (See: new releases
of June 13 and August 17, 2022), and the results reported below are for the remaining eight holes
(See drill plan map).
Drill Hole Objectives and Discussion:
Hole NOR-22-021 was drilled to target an extension below the gold mineralization encountered in
hole NOR-22-012 (1 g/t Au over 26.85 m). The intrusive contact was shallower and flatter, and the
hornfels zone was narrower than expected. This hole returned lower gold assays, but with increased
Ag+Cu+Zn near the skarn front while largely absent higher up (See: cross-section).
Hole NOR-22-022 was drilled to target the sout heast extension of the Brazo mineralization,
stepping out 68 m to look for an increase in gold values below hi storical hole S-3 and similar to
that in hole NOR-22-009. The intrusive was hit much shallower than expected, and the only notable
intercept in this hole was some shallow Zn valu es near a fine-grained dyke of 7.49% over 0.67 m
(See: cross-section).
Hole NOR-22-023 was a step-out hole drilled to target 33 m to the north of NOR-22-020. While
there were anomalous values at the main intrusiv e contact, the margins of a smaller granitic dyke
were more fertile with values of 0.68 g/t Au, 304 g/t Ag, 0.05% Cu, 1.81% Cu, 5.35% Zn or 686
g/t AgEQ over 1.29 m (See: cross-section).
Hole NOR-22-024 & 025 were drilled at 115° perpendicularly to ta rget below a potential cross
structure exposed in historic workings. There we re some narrow intervals with high Zn up to
10.03% over 0.50 m (NOR-22-024) associated with the footwall of a vaguely-defined fine grained
dyke (See: cross-section).
Hole-22-026 was a step-out hole drilled 45 m north of NOR-22-023 targeting the strike to the north
and a possible confluence of Brazo with the E-W striking structure related to the drainage north of
Coloradito. The only notable intercept in this hole was a narrow interval of 5.49% Zn over 0.79 m.
(See: cross-section).
Hole-22-027 & 028 were drilled to test the downw ard extension of an intercept in hole NOR-22-
020 of 0.38 g/t Au, 332.9 g/t Ag, 0.11% Cu, 1.77% Pb, 4.60% Zn or 662 g/t AgEQ over 2.33 m
(See cross-section).
NOR-22-027 targeted 35 m below NOR-22-020, in tercepting 0.1 g/t Au, 63 g/t Ag, 0.17% Cu,
0.26% Pb, 1% Zn or 152 g/t AgEQ over 6.67 m. While this deeper hole was justified, these values
were less than expected.
NOR-22-028 targeted 35 m below NOR-22-027 intercepting 0.28 g/t Au, 69.10 g/t Ag, 1.15% Cu
or 248 g/t AgEQ over 5.38 m.
Table 1: A summary of the final 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-22-021 155.44 180.88 25.44 21.10 0.08 0.17 0.01 0 .22 61
Including 155.44 164.25 8.81 43.90 0.05 0.24 0.03 0.43 101
Including 178.48 180.88 2.40 26.90 0.23 0.59 - 0.02 125
NOR-22-022 64.95 65.62 0.67 32.00 0.38 0.10 0.13 7.49 431
″ 136.03 139.89 3.86 72.00 0.11 0.09 0.08 0.50 118
NOR-22-023 126.81 127.62 0.81 142.00 0.26 0.04 0.95 2.20 307
″ 139.46 140.75 1.29 304.00 0.68 0.05 1.81 5.35 686
″ 172.34 175.22 2.88 52.00 0.07 0.14 0.13 0.47 103
NOR-22-024 48.00 51.00 3.00 2.00 0.01 0.01 - 2.3 111
Including 85.33 85.83 0.50 282.00 0.55 0.13 2.13 10.03 894
NOR-22-025 52.10 53.60 1.50 2.00 0.04 - 0.08 20.60 106
NOR-22-026 141.56 142.35 0.79 8.00 0.02 0.04 0.01 5.49 272
NOR-22-027 118.87 120.00 1.13 28.20 0.12 0.05 0.32 5.24 303
″ 136.81 137.47 0.66 42.80 0.02 0.07 2.09 5.80 409
″ 190.00 196.67 6.67 63.20 0.10 0.18 0.26 1.02 152
Including 195.00 196,67 1.67 69.30 0.14 0.32 0.16 1.62 206
NOR-22-028 1.44 144.37 0.37 4.00 0.03 - - 4.12 204
″ 204.32 207.82 3.5 49.70 0.34 0.15 0.14 1.38 167
″ 212.48 217.86 5.38 69.10 0.28 1.15 - 0.02 248
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.
“The phase 2 drill program was successful in expanding the dimensions of the Brazo structure in
both strike directions and at depth,” said Mike Romanik, president of Silver Dollar. “Interpretation
of the drill results is being integrated with the geophysics and surface work to propose the next
steps to expand on the Brazo mineralization and te st for similar style mineralization proximal to
and around the Coloradito intrus ive contact. The drill remains on site and can be mobilized
quickly.”
Table 2: Drillhole details.
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
Drill Hole # Target
Area
X
Collar
Y
Collar Azimuth Dip Hole
Length (m)
NOR-22-021 Noria 608165 2640688 45 -65 219
NOR-22-022 Noria 608089 2640946 98 -52 210
NOR-22-023 Noria 608108 2640899 90 -60 225
NOR-22-024 Noria 608221 2640571.28 115 -45 174
NOR-22-025 Noria 608219 2640572.13 115 -65 191
NOR-22-026 Noria 608089 2640946 98 -52 240
NOR-22-027 Noria 608107 2640866 90 -68 234
NOR-22-028 Noria 608106 2640865.99 90 -75 252
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.
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 $7 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
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.