Silver Dollar Retains Tetra Tech as Technical Advisors for the La Joya Silver Project in Durango, Mexico
FOR IMMEDIATE RELEASE
Silver Dollar Retains Tetra Tech as Technical Advisors
for the La Joya Silver Project in Durango, Mexico
Tetra Tech visited the La Joya Project several times when preparing historical
reports including two resource estimates and a preliminary economic assessment
VANCOUVER, BC – October 21, 2020 – Silver Dollar Resources Inc. (CSE: SLV) (OTCQB:
SLVDF) (“Silver Dollar” or the “Company”) is pleased to announce it has hired Tetra Tech Inc.
as technical advisors to work alongside the Company in guiding future exploration efforts on the
La Joya Silver Project (the “Project”) in Durango, Mexico.
Tetra Tech was previously involved with the Project providing technical support services between
2010 and 2015 when SilverCrest Mines Inc. (“SilverCrest”) owned and operated the Project. The
Tetra Tech team consists of independent Qualified Persons as defined by National Instrument (NI)
43-101, who previously have visited the Project on several occa sions and have completed two
Inferred mineral resource estimates and developed a preliminary economic assessment study on
behalf of SilverCrest.
“We are thrilled to be working with the Tetra Tech team, whose previous experience and
knowledge of the La Joya Project is already paying dividends,” said Mike Romanik, President of
Silver Dollar. “This enables us to hit the ground running as we prepare for our initial drilling
program. A formal historical data compilation is in progress and will be used for the development
of an updated geological model to aid in identifying regional hot spots for follow up exploration.”
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).
The Property is situated approxim ately 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.
The two mineral resource estimate s previously completed by Silv erCrest are treated by Silver
Dollar to be historical and are not relied upon. Work is requir ed to review and complete data
verification in order to update the mineral resource estimates prior to being relied upon as current
mineral resources estimates. The preliminary economic assessmen t previously completed by
SilverCrest is not in any way relied upon by Silver Dollar and is not considered to represent a valid
economic assessment of the property under current conditions.
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 Tetra Tech:
Tetra Tech has been serving private and public sector clients t hrough the mining and minerals
industry life cycle for over 50 years with access to a network of global offices of mining-focused
industry experts. By Leading with Science® Tetra Tech continues to provide innovative, technical
solutions to address multidisciplinary challenges related to geology, mine engineering, metallurgy,
processing engineering, water man agement, infrastructure design , transportation, tailings,
geotechnical, water management, and environmental services.
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 “f orward-looking statements.” For ward-looking statements involve known and
unknown risks, uncertainties, assumptions and other factors tha t 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.