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New Target Development in Progress at Silver Dollar's La Joya Project in Durango, Mexico
The Company is fully funded and planning the next phase of exploration Vancouver, British Columbia--(Newsfile Corp. - December 15, 2022) - Silver Dollar Resourc
About this update from Silver Dollar Resources, Inc.
[{"type":"text","content":" The Company is fully funded and planning the next phase of exploration Vancouver, British Columbia--(Newsfile Corp. - December 15, 2022) - Silver Dollar Resources Inc. (CSE: SLV) (OTCQX: SLVDF) (\"Silver Dollar\" or the \"Company\") is pleased to report the progress in its new target development work at the underexplored Noria portion of the La Joya Silver Project (the \"Property\") located in the state of Durango, Mexico. Figure 1: 2022 Brazo Discovery Ground Magnetic Survey and Geophysical Interpretation. Ground Magnetic Geophysical Survey: TMC Exploration recently conducted a ground magnetic (MAG) survey on the Coloradito area within the Noria portion of the Property. The limited MAG survey was designed to test the signature of the pyrrhotite/intrusive contact associated with the Brazo discovery mineralization and identify any extensions or replication of that signature. The ground magnetic lines were surveyed using GPS, chain, and compass spaced at 50 or 100 metres (m) and oriented at 060° to perpendicularly cross the Brazo, Brazo East and the Coloradito intrusive contact. Magnetic readings were collected continuously by the instrumentation over 14 lines ranging between 1.325 to 1.5 kilometres (km) for a total of approximately 19.8 km of magnetic data. TMC provided an interpretation identifying, three relatively well contrasted and thin magnetic beds striking N150º/N330º that can be differentiated to the south (namely S-1, S-2, and S-3). Each bed may sub-outcrop and appears with some continuity at depth. They may underscore, for example, sulphide and ferromagnesian rich horizons hosted along a shear zone. S-1: is located in a largely blind area mostly covered with caliche (hardpan) with limited outcrops of limestone and hornfels. S-2: in general, follows a N-S trending just off the east side of the top of Coloradito with coincident anomalies and workings. S-3: is coincident with the El Brazo mineralization and identifies a prospective area to the south. Ground Truthing and Surface Sampling: Detailed surface mapping and sampling have been carried out with a focus on the areas identified as targets by the ground magnetic survey. A total of 125 rock samples have been submitted to the lab for analysis, of which assays for 79 samples have been received to date. On the S-2 target, mapping and sampling identified coincident altera...