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Phase 2 Exploration Drilling Underway at Silver Dollar's La Joya Project in Durango, Mexico
Initial Phase 1 results included 2,369 g/t (83.6 oz/ton) AgEq over 1.01 m within a broader intercept of 361.8 g/t (12.76 oz/t) AgEq over 8.37 m in Hole NOR-21-0
About this update from Silver Dollar Resources, Inc.
[{"type":"text","content":" Initial Phase 1 results included 2,369 g/t (83.6 oz/ton) AgEq over 1.01 m within a broader intercept of 361.8 g/t (12.76 oz/t) AgEq over 8.37 m in Hole NOR-21-004 Vancouver, British Columbia--(Newsfile Corp. - April 6, 2022) - Silver Dollar Resources Inc. (CSE: SLV) (OTCQX: SLVDF) (\"Silver Dollar\" or the \"Company\") is pleased to report that Phase 2 exploration drilling is underway at the La Joya Silver Project (the \"Property\") located in the state of Durango, Mexico. Figure 1: Drilling in progress at the La Joya Project on hole NOR 22-012 Phase 2 drilling will remain focused on the underexplored Noria portion of the Property and new targets that were identified in the results received to date from the Phase 1 drilling program. As previously reported, a new discovery that is of primary interest is a shallow high-grade gold zone that was unexpectedly hit in hole NOR-21-004. The hole, which deviated significantly to the south of the intended target, encountered high-grade gold in multiple intervals that included 19.2 grams per tonne (g/t) (0.677 oz/ton) gold (Au) over 3.00 metres (m) starting from a depth of 126 m downhole and 29.0 g/t (1.023 oz/ton) Au over 1.01 m starting from a depth of 164.61 m downhole. The Phase 1 program consisted of 11 holes for a total of 2,424 m of drilling. Sample assay results for the first seven holes were reported on March 24, 2022 (See news release), and results for the remaining holes are expected shortly. For Phase 1 drill hole collar locations, see plan map. \"We are fully funded for Phase 2 drilling and excited to commence follow up on the new gold discovery,\" said Mike Romanik, president of Silver Dollar. \"We are expecting the balance of the Phase 1 drill results shortly and will tailor and expand the program as additional targets become more clearly defined.\" Mike Kilbourne, P.Geo., an independent Qualified Person as defined in NI 43-101, has reviewed and approved the technical contents of this news release on behalf of the Company. Silver Dollar Resources on Vimeo About the La Joya Project The La Joya Project is situated approximately 75 kilometres directly southeast of the state capital city of Durango in a prolific mineralized region with past-producing and operating mines including Grupo Mexico's San Martin Mine, Industrias Penoles's Sabinas Mine, Pan American Silver's La Colorada...