Silver Dollar Retains Country Manager for La Joya Silver Project in Durango, Mexico
FOR IMMEDIATE RELEASE
Silver Dollar Retains Country Manager for La Joya
Silver Project in Durango, Mexico
VANCOUVER, BC – November 17, 2020 – Silver Dollar Resources Inc. (CSE: SLV) (OTCQB:
SLVDF) (“Silver Dollar” or the “Company”) is pleased to announce it has hired Mark Malfair
as Country Manager to work alongside the Company in guiding future exploration efforts at the La
Joya Silver Project (the “Project”) in Durango, Mexico.
Based in Durango and bilingual in Spanish and English, Mark is a consulting geologist with 25
years of experience in all phase s of the mining industry from p rospect generation and exploration
through to production. He has served as country manager in both Mexico and Honduras handling
all geological, administrative, legal and stakeholder relations aspects of running a company and its
exploration programs.
Mark’s previous roles include vic e president of exploration for Chesapeake Gold Corp. (2007-
2015) where he was lead member of the ground team responsible f or advancing the Metates Au-
Ag-Zn Project in Durango State through pre-feasibility. Metates is the largest undeveloped Au-Ag
project in Mexico with proven and probable reserves of 18.5 mil lion ounces of gold, 526 million
ounces of silver and 4.2 billion pounds of zinc.
About the La Joya Project:
Under the terms of the Definitive Agreement between Silver Doll ar and First Majestic (see news
release of August 10th, 2020), Silver Dollar has been granted an exclusive option to acquir e an
initial 80% interest, and if exe rcised, a second option to acqu ire an additional 20% interest for an
aggregate 100% interest in First Majestic’s La Joya silver-copp er-gold property. The Property,
located in the south-eastern portion of the State of Durango in the Mexican Silver Belt (Figure 1),
consists of 15 mineral concessions totaling 4,646 hectares and hosts the Main Mineralized Trend
(MMT), Santo Nino, and Coloradito deposits (Figure 2).
First Majestic acquired the La Joya Property as part of its acq uisition of SilverCrest Mines Inc.
(SilverCrest) in 2015. A total of 182 historical drillholes, totaling 51,600.16 metres (m), have been
completed on the Property to date. SilverCrest drilled 78 of th e holes (25,812.65 m) and an
additional 11 validation holes (4,272.63 m) during 2011-2012 that were used to support a historical
Inferred Mineral Resource estimate for Ag-Cu-Au and for W-Mo mi neralization. The mineral
resource estimate previously completed by SilverCrest is treate d by Silver Dollar to be historical
and is not relied upon. Work is required to review and complete data verification in order to update
the mineral resource estimate prior to being relied upon as a current mineral resource estimate.
The Property is situated approxima tely 75 kilometres (km) direc tly 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' Sabinas Min e, Pan American Silver's La
Colorada Mine, and First Majestic's La Parrilla and Del Toro Si lver Mines. Access and
infrastructure near the Property are considered excellent with highway, rail, and power lines nearby.
P. James F. Barr, P.Geo., of Tetra Tech Inc., a Qualified Perso n as defined in NI 43-101, has
reviewed and approved the technical content in this press release.
About Silver Dollar Resources Inc.
Silver Dollar Resources Inc. is a mineral exploration company f ocused on creating shareholder
value by finding and developing economic precious and base metal deposits. Having completed its
initial public offering in May 2020, the Company trades on the Canadian Securities Exchange under
the symbol "SLV" and on the OTCQB under “SLVDF”. Silver Dollar’s projects are located in two
of the prolific mining jurisdic tions in the world and include t he advanced exploration and
development stage La Joya Silver Project in Durango, Mexico, an d the discovery-stage Pakwash
Lake and the Longlegged Lake properties in the Red Lake Mining District of Ontario, Canada. The
Company has an aggressive growth strategy and is actively revie wing projects in mining-friendly
jurisdictions internationally for potential acquisition.
For additional information: contact investor relations, you can download our latest presentation
by clicking here and you can follow us on Twitter by clicking here.
Joseph Cullen,
Investor Relations Manager
Direct line: (778) 919-8615
Email: [email protected]
ON BEHALF OF THE BOARD
Signed “Michael Romanik”
Michael Romanik,
President, CEO & Director
Silver Dollar Resources Inc.
Suite 108 - 800 Kelly Road, Suite 416
Victoria, BC, V9B 6J9
Forward-Looking Statements:
This news release may contain “forward-looking statements” that involve known and unknown risks, uncertainties,
assumptions and other factors 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 applicable 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.