Mr. Michael Romanik repots
SILVER DOLLAR PREPARES FOR DISCOVERY-STAGE DRILLING AT ITS RANGER-PAGE PROJECT IN IDAHO'S SILVER VALLEY
Silver Dollar Resources Inc. is proceeding with the necessary permitting and has contacted multiple contractors to bid on the initial drilling campaign at its recently acquired Ranger-Page project in Idaho's Silver Valley.
Project highlights:
- A drill-ready project in a world-class silver district, where over 90 mines have operated since the first major lead-zinc-silver discovery was staked in 1884;
- Ideally situated approximately two kilometres (km) south of Interstate 90 Freeway and the town of Smelterville, the project features power, water, year-round access to local infrastructure and a work force skilled in exploration and mining;
- The project comprises two contiguous patented lode claim groups -- Government Gulch (403 acres) and Page mine (802 acres) -- that consolidate the western end of the Silver Valley mining corridor under a single operator for the first time;
- The land package covers six historic mines with the option to acquire ownership of the mineral rights of the project, which are not currently subject to any royalties;
- Multiple exploration targets developed over the last two years using modern exploration techniques for the first time;
- Primary target areas are upplunge and downplunge from historic underground mining, along strike where ground IP (induced polarization) surveys identify anomalies and where surface trenching identified near surface mineralization;
- Additional exploration targets have been identified away from historic mine infrastructure, using soil geochemical data, mapping and ground IP survey data;
- The project borders the Bunker Hill mine that is on track to restart mining in Q4 (fourth quarter) 2024.
Dale Moore, 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.
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 New York Stock Exchange-listed First Majestic Silver. The company's primary projects lie within Idaho's prolific Silver Valley and the Durango-Zacatecas silver-gold belt, and include the advanced-exploration-stage Ranger-Page and La Joya projects, and the early-exploration-stage Nora project. Management has an aggressive growth strategy and is actively reviewing potential acquisitions with a focus on drill-ready projects in mining-friendly jurisdictions.
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