Mr. Gregory Lytle reports
SILVER DOLLAR HIRES VERSA FOR DIAMOND DRILLING AT ITS LA JOYA SILVER (CU-AU) PROJECT
Silver Dollar Resources Inc. has hired Versa Perforaciones to conduct a 3,500-metre diamond drilling program at its flagship La Joya silver (Cu-Au (copper-gold)) project in the state of Durango, Mexico.
Silver Dollar remains focused on its shift in exploration strategy. The strategy is moving from potential open pit to underground exploration and development at the 100-per-cent-owned La Joya property. The current areas of focus are outside the historic resource areas, near the sides of the intrusive bodies. These areas share similarities with the mineralization style at the nearby San Martin mine. San Martin is located about 25 kilometres (km) southeast of La Joya.
The discovery of San Martin-type mineralization on the property (specifically at the Coloradito intrusive, El Brazo) provides evidence supporting the concept of deeper mineralization around the main intrusions at La Joya.
Several targets are being developed to drill test for deep San Martin-type mineralization below known (previously reported) mineralization or magnetic anomalies just off the sides of the intrusives.
About La Joya property
La Joya is an advanced-exploration-stage property comprising 15 mineral concessions totalling 4,646 hectares and hosts the main mineralized trend (MMT), Santo Nino, and Coloradito deposits.
The property is situated approximately 75 km southeast of Durango, the state capital city, in a high-grade silver region with past-producing and operating mines, including Silver Storm's La Parrilla mine, Industrias Penoles' Sabinas mine, Grupo Mexico's San Martin mine, First Majestic's Del Toro mine and Pan American Silver's La Colorada mine.
The previous operator, Silvercrest Mines, released a preliminary economic assessment (PEA) National Instrument 43-101 technical report for the property in December, 2013. The PEA included a mineral resource estimate (MRE) for only the MMT and Santo Nino deposits (see the attached historical MRE table) that was primarily based on Silvercrest's drilling between 2010 and 2012. The MRE was reported to conform to CIM definitions and standards for resource estimation at that time. However, a qualified person of Silver Dollar has not done sufficient work to classify the historical resource and the company is not treating it as a current mineral resource. Independent data verification and an assessment of the mineral resource estimation methods are required to verify the historical mineral resource.
Dale Moore, PGeo, the qualified person as defined by NI 43-101, has reviewed and approved the scientific and technical information contained in this news release. Mr. Moore is not independent of the company in accordance with NI 43-101.
About Silver Dollar Resources Inc.
Silver Dollar is a dynamic mineral exploration company focused on North America's premier mining regions. The company's portfolio includes the advanced-stage La Joya silver (Cu-Au) project and the early-stage Nora silver-gold project, both located in the prolific Durango-Zacatecas silver-gold belt. The company is fully financed for 2026, having closed a financing with continued support from financial backers that include renowned mining investor Eric Sprott, the company'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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