Silver Dollar drills 1,134 m over five holes at La Joya Silver Dollar drills 1,134 m over five holes at La Joya
2021-12-22 10:42 ET - News Release
Mr. Michael Romanik reports
SILVER DOLLAR UPDATES EXPLORATION DRILLING AT THE LA JOYA SILVER PROJECT IN DURANGO, MEXICO
Silver Dollar Resources Inc. has drilled 1,134 metres of core drilling through five holes at the La Joya silver project located in the state of Durango, Mexico.
The initial drilling program is focused on target development on the Noria portion of the La Joya property with an emphasis on testing for possible structural extensions of known mineralized zones identified in historical drilling. Results from this program are expected to provide valuable information regarding two possible high-grade concepts and will assist in guiding future phases of drilling.
Drill hole statistics are presented in the associated table and drill hole target descriptions are as follows:
The first two holes, NOR-21-001 and NOR-21-002, targeted possible westward and downward extensions of the resource shell related to the past-producing Embotelladora mine, the largest of the historic mines on the La Joya property. Both holes cut limestone for almost their entire length, but with more intense skarn alteration and mineralization from 70 to 110 metres and 90 to 160 m, respectively.
Hole NOR-21-003 was drilled to test the historical 1993 Luismin hole S-5 that had a shallow interval of 3.86 grams per tonne (g/t) gold (Au) over 15.24 metres starting at 42 m but was not included in the historical resource wireframe. This short, 69-metre hole was designed to confirm the reported mineralization and advance it to National Instrument 43-101 standards.
Hole NOR-21-004 was drilled to test the deep high-grade San Martin-type mineralization intercepted in historical hole LB96-04 (starting at 401.65 m with 406 g/t silver equivalent (AgEq) over 8.65 m and 302 g/t AgEq over 3.5 m, including 812 g/t AgEq over three m) and was expected to cut mineralization between 360 to 400 m. The direction of this hole significantly deviated to the south and failed to intercept the expected mineralization, but was extended down to 558 m to test mineralization near the main intrusive contact.
Hole NOR-21-005 is a 100-metre step out to test the northward extension of mineralization in historical hole LJ-DD12-96, which intercepted 0.31 g/t Au over 17 m.
"The drilling campaign at La Joya is progressing well, and our crew will take a well-deserved two-week break over the holidays," said Mike Romanik, president of Silver Dollar. "We expect 2022 to be a big year for our company, thank all our shareholders for their support this past year, and wish everyone a safe and happy holiday season."
Logging and sampling of the drill core is in progress and core samples are being submitted on a hole-by-hole basis for analysis. Results will be reported as they are received.
Mike Kilbourne, PGeo, an independent qualified person as defined in NI 43-101, has reviewed and approved the contents of this news release on behalf of the company.
About Silver Dollar Resources Inc.
Silver Dollar is a mineral exploration company that completed its initial public offering in May, 2020, and is fully financed 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 Longlegged Lake properties in the Red Lake mining district of Ontario, Canada. The company has an aggressive growth strategy and is actively reviewing potentially accretive acquisitions with a focus on drill-ready projects in mining-friendly jurisdictions internationally.
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