Silver Dollar hires Tetra Tech as technical adviser
2020-10-21 10:06 ET - News Release
Mr. Michael Romanik reports
SILVER DOLLAR RETAINS TETRA TECH AS TECHNICAL ADVISORS FOR THE LA JOYA SILVER PROJECT IN DURANGO, MEXICO
Silver Dollar Resources Inc. has hired Tetra Tech Inc. as a technical adviser to work alongside the company in guiding future exploration efforts on the La Joya silver project in Durango, Mexico.
Tetra Tech was previously involved with the project, providing technical support services between 2010 and 2015, when SilverCrest Mines Inc. owned and operated the project. The Tetra Tech team consists of independent qualified persons, as defined by National Instrument 43-101, who have visited the project on several occasions, 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 Michael 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 Dollar and First Majestic (see news release dated Aug. 10, 2020), Silver Dollar has been granted an exclusive option to acquire an initial 80-per-cent interest and, if exercised, a second option to acquire an additional 20-per-cent interest for an aggregate 100-per-cent interest in First Majestic's La Joya silver-copper-gold property. The property, located in the southeastern portion of the state of Durango in the Mexican silver belt, consists of 15 mineral concessions, totalling 4,646 hectares, and hosts the main mineralized trend, the Santo Nino deposit and the Coloradito deposit.
The property is situated approximately 75 kilometres directly 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's Sabinas mine; Pan American Silver's La Colorada mine; and First Majestic's La Parrilla and Del Toro silver mines. Access and infrastructure near the property are considered excellent, with highway, rail and power lines nearby.
P. James F. Barr, PGeo, of Tetra Tech, a qualified person 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 is a mineral exploration company focused on creating shareholder value by finding and developing economic precious metal and base metal deposits. Silver Dollar's projects are located in two of the prolific mining jurisdictions in the world and include the advanced-exploration-stage/development-stage La Joya silver project in Durango, Mexico, and the discovery-stage Pakwash Lake and Longlegged Lake properties in the Red Lake mining district of Ontario, Canada. The company has an aggressive growth strategy and is actively reviewing projects in mining-friendly jurisdictions internationally for potential acquisition.
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