Silver Dollar Samples Up to 29.61 g/t Gold, 2,215 g/t Silver and 3.34% Copper at the Nora Project
FOR IMMEDIATE RELEASE
Silver Dollar Samples Up to 29.61 g/t Gold, 2,215 g/t
Silver and 3.34% Copper at the Nora Project
High-grade gold and silver confirmed at the main Candy Vein structure and follow
up drill target development is underway
VANCOUVER, BC – April 16, 2024 – Silver Dollar Resources Inc. (CSE: SLV) (OTCQX:
SLVDF) (FSE: 4YW) (“Silver Dollar” or the “Company”) is pleased to report surface sample
assay results from its 100%-owned Nora property (the “Property”) in the state of Durango, Mexico.
Photo 1: Candy Vein Sample R-053. Photo 2: Candy Vein Sample RM-1009.
As previously reported (See news release of March 12, 2024), fieldwork began in February as an
initial step in the Company’s re -evaluation of the Property. The focus of the work has been
geological mapping and sampling of priority anomalies (Figure 1). A total of 89 rock chip and
channel samples and 33 soil samples have been collected to date, including 41 samples from the
primary Candy vein target.
Figure 1: Nora property plan view with surface sample locations.
Analytical results for all samples have been received and highlights include:
• Twenty-one samples grading over (>) 100 grams per tonne (g/t) silver (Ag), ten samples
>200 g/t Ag, four samples >500 g/t Ag and two samples >1,000 g/t or one kilogram per
tonne Ag.
• Sample R-053 (Photo 1) returned 29.61 g/t gold (Au) over 0.35 metres (m), confirming the
presence of high-grade gold in the Candy vein structure.
• Samples RM-1009 (Photo 2) returned 2,215 g/t Ag over 0.8 m and RM-1013 returned 1,212
g/t Ag over 1 m, confirming the presence of high-grade silver in the Candy vein structure.
• Five samples returned grades >1% copper (Cu) with two >3% Cu.
• Elevated levels of zinc ( 7 samples > 1% Zn) and lead ( 20 samples >1% Pb) are also
encouraging as they seem to be the best pathfinders for geochemistry.
Refer to the table below for additional highlights of the sample results . Note that grams per tonne
is equivalent to parts per million (ppm), and 10,000 ppm is equivalent to one percent (1%).
Sample
#
Rock
Type
Thickness
m
Au
ppm
Ag
ppm
Cu
ppm
Pb
ppm
Zn
ppm
AgEQ
ppm
R-053 Vein 0.35 29.61 103 31,040 86,820 5,850 3,240
RM-1009 Rhyolite 0.8 2.26 2,215 33,420 18,340 28,120 3,045
RM-1013 Vein 1 2.05 1,212 17,710 42,390 13,540 1,841
R-071 Rhyolite 0.5 3.80 924 11,980 75,610 4,540 1,703
R-066 Vein 0.63 3.98 972 11,300 35,040 7,390 1,611
R-038 Rhyolitic Tuff Selective 3.52 218 7,560 53,260 6,830 839
R-063 Vein 0.9 2.25 323 2,590 28,710 22,010 752
R-065 Rhyolite 0.5 2.50 487 547 7,000 539 723
R-074 Vein 0.6 2.54 79 2,530 76,490 539 615
R-005 BX 0.5 0.01 225 197 56,660 7,190 482
R-057 Vein 0.1 4.76 35 766 4,320 545 443
RM-1001 Rhyolite 0.5 0.82 203 778 27,160 4,030 403
R-007 Dump Selective 0.01 234 155 37,520 4,420 403
RM-1010 Vein 0.3 1.76 154 1,570 12,570 2,250 375
R-060 Rhyolite 0.9 1.17 137 1,310 15,010 2,070 316
RM-1005 Rhyolite 0.8 1.38 34 7,570 12,390 4,510 315
R-059 Vein 1.5 0.16 99 3,450 21,250 15,160 312
R-068 Rhyolite 0.5 0.26 146 719 10,520 9,760 263
RM-1008 Vein 1.7 0.24 165 883 2,900 10,570 256
RM-1011 Vein 0.3 1.60 76 954 5,930 2,880 253
R-061 Vein 0.3 1.28 103 699 6,530 1,550 246
R-064 Rhyolite 0.5 0.12 102 544 11,260 16,080 238
R-069 Vein 0.7 0.12 101 1,050 10,620 12,520 225
RM-1000 Rhyolite 1 0.18 55 4,100 20,230 4,030 222
R-054 Vein 0.3 1.01 49 2,190 6,690 1,030 189
R-070 Rhyolite 0.5 0.07 113 347 5,010 9,440 187
R-067 Rhyolite 0.5 0.23 130 1,060 3,440 1,220 181
R-056 Rhyolite 0.6 0.15 88 1,480 13,820 1,370 180
R-019 Rhyolite 1 0.01 100 118 7,830 8,720 174
Note:
The sample results and photographs above are selective by nature and may not be representative
of the true grade or style of mineralization across the Property.
The AgEq results disclosed herein assume US$1,750 gold and US$22 silver per/oz, and US$4.30
copper, US$1.25 lead, and US$1.50 zinc per/lb, and 100% metallurgical recovery.
“We are very encouraged by the initial results from our re-evaluation of the Nora Project," said
Michael Romanik, president of Silver Dollar. "Follow-up geological mapping is underway and will
include a detailed examination of the Candy Vein outcrops and known faults in the surrounding
area to gain a better understanding of structural controls and define potential drill targets.”
Procedure, quality assurance/quality control and data verification:
All rock samples were collected, described, photographed, and bagged on-site. The samples were
delivered by Silver Dollar staff to ActLabs in Zacatecas, Mexico for analysis. A ctLabs is ISO
9001:2015 certified. Soil samples were screened to -80 mesh at the lab, prior to analysis. Gold is
analyzed by a 30g Fire Assay with AA (atomic absorption spectroscopy) finish, then gravimetric
finish if greater than 10ppm Gold. Silver and 34 other elements were analyzed using a four -acid
digestion with an ICP -OES (Inductively Coupled Plasma Opt ical Emission spectr oscopy) finish.
Silver, lead, zinc, and copper over limits were re -assayed using an ore -grade four-acid digestion
with ICP-AES (Inductively coupled plasma atomic emission spectroscopy) finish. Control samples
comprising certified reference samples and blan k samples were systematically inserted into the
sample stream and analyzed as part of the Company’s quality assurance and quality control
protocol.
About the Nora Property:
Silver Dollar acquired a 100% interest in the Nora Ag -Au property (the "Property") from Canasil
Resources, subject to a 2% net smelter returns royalty (See news release of February 8, 2024).
Located in the Eastern Sierra Madre sub -province in the transition to the high plateau of Mexico,
the Property lies centrally within the "Silver Trend" that runs from the northwest to the southeast
through Durango State (Figure 2). Significant deposits in the region include Endeavour Silver's
Guanaceví mine and Fresnillo's San Julián mine on-trend to the northwest, with Endeavour Silver's
Pitarrilla project approximately 50 kilometres (km) to the east. Pitarrilla is one of the largest
undeveloped silver deposits in the world and was discovered by Perry Durning and Frank (Bud)
Hillemeyer, Silver Dollar's technical advisors.
The Property is located approximately 200 km north-northwest of the city of Durango (See location
map), with excellent year-round access via Federal highway, paved road, and local dirt roads. Local
infrastructure is available in the towns of Tepehuanes and Santa Maria del Oro and the city of
Santiago Papasquiaro, all within 50km of the Property.
Mike Kilbourne, P.Geo., an independent Qualified Person (QP) as defined in NI 43 -101, has
reviewed and approved the technical contents of this news release on behalf of the Company. The
QP and the Company have not completed sufficient work to verify the information on the Nora
property, particularly regarding historical exploration, neighbouring companies, and government
geological work.
About Silver Dollar Resources Inc.
Silver Dollar is a mineral exploration company that is fully funded to execute its near -term
exploration plans having closed its last financing with lead orders from billionaire mining investor
Eric Sprott and NYSE -listed First Majestic Silver. The Company ’s primary projects lie with in
Mexico’s prolific Durango-Zacatecas silver-gold belt and include the flagship La Joya property
and the Nora property. Management has an aggressive growth strategy and is actively reviewing
potential acquisitions with a focus on drill-ready projects in mining-friendly jurisdictions.
For additional information, you can download our latest presentation by clicking here and follow
us on X 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 statements.” Forward -looking statements 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 securitie s 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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the contents of this news release.