11:24:07 EDT Fri 09 May 2025
Enter Symbol
or Name
USA
CA



Silver Dollar Resources Inc
Symbol SLV
Shares Issued 56,752,355
Close 2024-11-11 C$ 0.34
Market Cap C$ 19,295,801
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Silver Dollar plans fall drilling at Ranger-Page

2024-11-12 16:03 ET - News Release

Mr. Michael Romanik reports

SILVER DOLLAR OUTLINES EXPLORATION DRILLING PLAN FOR RANGER-PAGE PROJECT IN IDAHO'S SILVER VALLEY

Silver Dollar Resources Inc. is outlining its initial exploration plan for the fall drilling program at the Ranger-Page project.

The Ranger-Page land package covers six historic mines and is ideally situated near Interstate 90 with year-round access to power, water, local infrastructure, and a work force in the Silver Valley skilled in exploration and mining.

Drill target development at Ranger-Page began in 2022, with the application of modern exploration techniques for the first time. This included a comprehensive ground induced polarization (IP) geophysical survey that identified numerous IP anomalies that are upplunge and downplunge and along strike from historic underground mining, and where surface trenching identified near-surface mineralization. Additional exploration targets have also been identified away from historical mine infrastructure, using soil geochemical data, mapping and the ground IP survey data.

The initial drill target is the Crown Point mine area, which is located within a kilometre of the Bunker Hill mine that was in production from 1885 to 1981 and is scheduled to restart production in the first half of 2025.

Based on the limited historical records available, mining at Crown Point started in the late 1800s, with the first 3,000 tons shipped from the mine being high-grade supergene ores with up to 80 ounces per ton silver and 65 per cent lead. As mining continued, out of the oxidized rocks, head grades dropped to more typical hypogene ore grades of five to 30 ounces per ton silver with 20 per cent lead. After mining to 134 metres below ground surface, mining reportedly stopped in the 1950s, partially due to fluctuating metal prices and complex lease agreements.

The 2022 IP survey identified a deep polarization anomaly downplunge from the historic Crown Point mine that has never been drill tested. The anomaly is coincident with surface geochemical data and positive trenching results over the area, which has improved the confidence level in this target, and it will be the first to be drill tested in 2024. Three holes are initially planned to test the deep anomaly with the objectives of expanding the mineralized footprint 190 metres below the lowest mine workings and locating the deep projection of the Crown Point mineralized system along with the historically reported shear zone and the Osburn fault zone.

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 dynamic mineral exploration company focused on two of North America's premier mining regions: Idaho's prolific Silver Valley and the Durango-Zacatecas silver-gold belt. The company's portfolio includes the advanced-stage Ranger-Page and La Joya projects, along with the early-stage Nora project. The company's financial backers include renowned mining investor Eric Sprott, Silver Dollar's largest shareholder. Silver Dollar's management team is committed to 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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