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Silver Dollar Resources Intersects the Highest Grades to Date at the New Brazo Discovery, La Joya Silver Project in Durango, Mexico
Phase II drilling continues, and the Company is fully funded for 2022 Vancouver, British Columbia--(Newsfile Corp. - June 13, 2022) - Silver Dollar Resources In
About this update from Silver Dollar Resources, Inc.
[{"type":"text","content":" Phase II drilling continues, and the Company is fully funded for 2022 Vancouver, British Columbia--(Newsfile Corp. - June 13, 2022) - Silver Dollar Resources Inc. (CSE: SLV) (OTCQX: SLVDF) (\"Silver Dollar\" or the \"Company\") is pleased to report the initial assay results from the Phase II drilling ongoing at the underexplored Noria portion of the La Joya Silver Project (the \"Property\") located in the state of Durango, Mexico. Key Highlight: Hole NOR-22-013 returned the highest grades to date at the new Brazo Discovery, intersecting 815 grams per tonne (g/t) silver equivalent (AgEQ) over 5 metres (m) within a broader interval of 363 g/t AgEQ over 19.35 m starting at 86.4 m downhole. Phase I drilling consisted of 2,424 metres of drilling completed over 11 holes with analytical results previously reported (See news releases of March 24, 2022 and May 4, 2022). A total 1,899 metres of drilling over 10 holes have been completed to date in Phase II drilling (See drill plan map). Drill core logging and sampling of all holes is ongoing with samples being submitted in batches for analysis. The results reported below are for the first four holes of the Phase II program. Phase II Drilling Objectives and Discussion Hole NOR-22-012 was a 30 m step back targeting the gold zone identified in NOR-22-009 (0.66 g/t gold (Au) over 58.84 m from 75.83 m downhole). Mineralization encountered included an intercept with 1.00 g/t Au over 26.85 m from 131.78 m downhole. While the interval in NOR-22-012 is approximately half the width of the interval in NOR-22-009 it is 42% higher in grade, (See: cross-section). Hole NOR-22-013 was a -20° steeper inclined hole beneath the silver-zinc (Ag-Zn) zone identified in NOR-22-008 (89.59 g/t AgEQ over 125.3 m from surface including 267.56 g/t AgEq over 10.47 m from 70.53 m downhole), with NOR-22-013 targeting the higher-grade mineralization 35 m further down dip. The high-grade polymetallic mineralization of note begins with 363.29 g/t AgEQ over 19.35 m from 86.4 m downhole (See: cross-section). Hole NOR-22-014 was a 32 m step back from NOR-22-013 that returned mineralization of lesser grade and width than at higher elevations in the section; however, the results do indicate a continuation of the mineralizing event that remains open at depth and along strike (See: cross-section). Hole NOR-22-015 was drilled in...