Silver Dollar Submits Drilling Permit Application for La Joya Silver Project in Durango, Mexico
FOR IMMEDIATE RELEASE
Silver Dollar Submits Drilling Permit Application for
La Joya Silver Project in Durango, Mexico
The Company is fully funded and eager to commence exploration drilling
VANCOUVER, BC – September 23, 2021 – Silver Dollar Resources Inc. (CSE: SLV) (OTCQB:
SLVDF) (“Silver Dollar” or the “Company”) is pleased to report it has submitted a drilling
permit application and environmenta l remediation report for the next phase of drilling at the La
Joya silver project (the “Project”) located in the state of Durango, Mexico.
Click on the image above to view a two-minute video introducing the La Joya Project
In keeping with the previously announced surface rights agreement signed with the local ejido of
Noria de Pilares, who collectively own and farm the land in the area, initial drilling is planned on
the Noria portion of the La Joya property.
Three drilling contractors have visited the property and provided bids for the proposed diamond
drilling. The drilling bids are bei ng evaluated and a contractor will be selected once the permits
have been received.
Silver Dollar has reported the following milestones since signing the letter of intent to acquire the
La Joya Project in June 2020:
Appointed economic geologists Perry Durning and Frank (Bud) Hillemeyer as technical
advisors. Having worked together for decades, Perry and Bud received the PDAC’s 2010
Thayer Lindsley International Mineral Di scoveries Award in recognition of their
outstanding record of grassroots discoveries.
Entered into a definitive agreement with First Majestic Silver Corp. (NYSE: AG) to acquire
up to a 100% interest in the Project (see news release of August 10th, 2020).
Reported the Project’s highest grade drill core assays to date for silver, copper, and gold not
previously released from Phase 3 drilling that was conducted in 2014 by previous operator
SilverCrest Mines Inc. (see news release of August 25, 2020).
Closed $10,500,000 exploration financing with lead orders from billionaire mining investor
Eric Sprott; and First Majestic, one of the largest silver producers in Mexico.
Retained consulting and engineering firm Tetra Tech, Inc. who provided technical support
services on the Project to SilverCrest between 2010 and 2015.
Engaged Mark Malfair, a Durango-based consulting geologist with 25 years of experience,
as Country Manager for the Project. Mark ha s served as country manager in both Mexico
and Honduras, and his previous roles include vice president of exploration for Chesapeake
Gold Corp. where he was the lead member of the ground team responsible for advancing
the Metates Au-Ag-Zn Project in the state of Durango.
Tetra Tech completed a compilation and reinterpretation of all historical data on the Project
which identified several new areas for follow- up that demonstrate the potential to host
additional high-grade mineralization.
Strengthened the executive suite with the el ection of Guillermo Lozano-Chávez, MSc.,
MBA, to the board of directors. Guillermo is a professional geologist with over 40 years of
experience in Latin American mineral exploration. Previousl y, he was vice president of
exploration for First Majestic where he was responsible for all exploration programs in and
around five operating mines.
Signed surface rights agreement with ejido Noria de Pilares.
Commenced relogging and resampling of select historical drill core, and a focused surface
sampling and mapping program to refine drill co llar locations for Silv er Dollar’s initial
drilling program.
Drilling permit application and environmental remediation report submitted.
Three drilling contractors have visited the property and provided bids for evaluation.
Undertaken numerous tasks to prepare for dr illing including road and infrastructure
remediation, establishing a field office, updating the core shack, and hiring staff.
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 2021 with approximately $10 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 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.
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.