15:55:01 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Silver Dollar Resources Inc
Symbol SLV
Shares Issued 44,102,355
Close 2024-03-11 C$ 0.34
Market Cap C$ 14,994,801
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Silver Dollar Resources begins Nora re-evaluation

2024-03-12 10:49 ET - News Release

Mr. Michael Romanik reports

SILVER DOLLAR COMMENCES FOLLOW-UP FIELDWORK AT ITS 100 per cent-OWNED NORA SILVER-GOLD PROJECT

Silver Dollar Resources Inc. has commenced its re-evaluation of the Nora silver-gold property in the state of Durango, Mexico.

Fieldwork was carried out in late February that included geological mapping and sampling of priority anomalies along with resampling of the Candy vein. A total of 72 surface samples were collected as follows:

  • Twelve soil grid samples were taken from the East anomaly.
  • Ten soil grid samples were taken from the West anomaly.
  • Nine soil grid samples were taken from the South anomaly.
  • Forty-one rock/chip samples were taken from the main Candy vein structure in an attempt to replicate the sample locations and high-grade results originally reported by Canasil Resources, the former owner of the property. In the case where no visual evidence was found in the field of where a previous sample had been taken, the new sample was taken based on Canasil's co-ordinates and the probable outcrop.

All samples were described, photographed and bagged on site, and then delivered by Silver Dollar staff to ActLabs in Zacatecas, Mexico, for analysis. The assay results will be reported once they are received.

About the Nora property

Silver Dollar acquired a 100-per-cent interest in the Nora silver-good (Ag-Au) property from Canasil Resources, subject to a 2-per-cent net smelter returns royalty (see news release of Feb. 8, 2024).

Located in the Eastern Sierra Madre subprovince 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. Significant deposits in the region include Endeavour Silver's Guanacevi mine and Fresnillo's San Julian 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 advisers.

The property is located approximately 200 kilometres north-northwest of the city of Durango, with excellent year-round access through 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 50 km of the property.

Mike Kilbourne, PGeo, an independent qualified person (QP) as defined in National Instrument 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 financed 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.

We seek Safe Harbor.

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