Silver Dollar announces AGM results

Silver Dollar announces AGM results

82 minutes, 7 seconds Read

Highlights include:

  • Hole NOR-21-9-002 that has returned 131.2 grams per ton (G/T) Silver equivalent (ageq) more than 5.37 meters (m); And
  • Hole NOR-21-004 that has returned 1.590 g/t Ageq more than 3.00 mAnd 2,369 G/T AgeQ older than 1.01 M Within a broader intersection of 361.8 g/t Ageq older than 8.37 m.

Drillen was aimed at the underexposed Noria section of the building and was successful in identifying possible structural extensions of the well-known mineralized zones, as well as the discovery of a new shallow high-quality golden zone. The next phase of drilling will focus on these new goals and is expected to start before the end of the month.

Drill core samples of all 11 holes completed over a total of 2,424 meters drilling were submitted for analysis, and the results reported below are for the first seven gaps.

Holes NOR-21-001 and NOR-21-21-002 focused on possible Westwart and downward extensions of mineralization related to the past-producing embotelladora mine, one of the historical artisan mines on the site.

Hole NOR-21-001 Intercepted the embotelladora structure and 27 m Abnormal copper (CU) and Zilveren (AG) values that start 10.7 g/t AG and 674 ppm CU start at 66 m Downhole. This gap was successful in confirming the expansion of the mineralized structure.

Hole NOR-21-21-002 sections the Downip extension of the Embotelladora structure with a interception of 110 g/t AG over 5.37 m of a depth of 118.62 m Ingat.

Hole Nor-21-21-003 focused on a historic gold interception excluded from the database with a short hole of 69 m but has returned no significant results.

Hole NOR-21-004 was drilled to test the deep high-quality “San Martin” type mineralization that was intercepted in historical hole LB96-04. This gap had deviated considerably from the south and did not succeed in intercepting the mineralization in the target depth. However, the gap came across unexpectedly high-quality gold in multiple intervals that are verified by checksays, including 19.2 g/t au more than 3.00 m, starting with a depth of 126 m bag hole and 29.0 g/t gold over 1.01 m from a depth of 164.61 m through hole. This shallow gold zone will be a primary target in the future.

Hole NOR-21-005 was planned to focus an extension of mineralization that is associated with the Western intrusive contact of Coloradito. Although the contact could not reach, the high percentages of pyrite and 40.44 m 0.28% zinc (ZN) underdrew.

Holes NOR-22-006 and NOR-22-007 were drilled outside the Focus area to test conceptual geophysical goals and have not returned any significant results.

For a planning view of Phase 1 -Boorgat collar locations, see Figure 2.

“We are encouraged by these initial results and are eagerly waiting for the remaining tests, especially for the wide interval of 40+ meters visible sulfide mineralization in hole NOR-22-008. Drill Core from this hole, which was aimed at mineralization along the contact between carbonate rocks and a felsic novel of silver, said to say,” said Silan of Silver. “The drilling installation has been left on the spot and we expect that the next phase of drilling will resume before the end of the month.”

Table 1: A summary of drilling drilles to date.

Borehole
#
By
(M)
Nasty
(M)
Length1 (M)Agency
(G/T
Au
(G/T)
CU
Calculation
Pb
Calculation
Zn
Calculation
AGEQ2
(G/T)
Nor-21-00166932710.70.050.070.0216.6
Nor-21-002118.62123.995.37110.50.190.040.250.28131.2
Included121.14123.992.85141.30.060.040.420.44161.1
Nor-21-003No significant values
Nor-21-00478846.002.80.210.060.010.0221.6
1261293.004919.20.480.031.590
157.25165.628.3716.94.30.100.01361.8
Included164.61165.621.015829.00.150.012,369
2042139.00 am5.50.210.110.0225.3
Nor-21-005949.4440.444.40.020.010.020.289.8
Nor-21-005144.57157.1112.54160.060.110.1525.5
NOR-22-006No significant values
NOR-22-007No significant values
  1. Real widths still have to be determined.
  2. AgeQ in results above assume US $ 1,750 AU and US $ 22 AG per/oz, and US $ 4.30 CU, US $ 1.25 PB and US $ 1.50 Zn per/LB and 100% metallurgical recovery.

Table 2: La Joya Drillhole Details

Boorgat #Goal
Area
Purpose depth (m)X
Collar
Y
Collar
AzimutPlungeHole
Length (M)
Nor-21-001Noria120609670264083535-45150.0
Nor-21-002Noria225609671264083460-45198.0
Nor-21-003Noria69609695.5264104330-6069
Nor-21-004Noria500609603.1264125160-75558.0
Nor-21-005Noria150608177.2264083245-45159
NOR-22-006Noria1456083172641033150-50168
NOR-22-007Noria1256083102641290025-65150

Procedure, quality assurance / quality control and data verification

The diamond drill core (head office size) was geologically registered, photographed and marked for sampling. The core designated for sampling was sawn in two with a nuclear saw of diamond knife. Half of the core was sealed in plastic bags and sent for analysis. The remaining half is sent back to the core bins for storage and/or for metallurgical testing.

The sealed and tagged monster bags were transported to the Actlabs facility in Zacatecas, Mexico, or the facility of the Veritas agency in Durango, Mexico, where the samples were crushed and 200-300 grams of pulp monsters prepared with ninety percent passing Tyler 150 Mesh). The pulp is tested for gold using a load of 30 grams due to fire determination (code 1a2 and/or FA450) and over 10 grams per tonne limits are requested again using a gravimetric finish (code 1a3 and/or FA550). Silver and multi-element analysis is completed with the help of total digital (code 1f2 total digesty ICP). Over 100 grams per tonne of silver over limits are re-adopted using a gravimetric finish (code 8-ag Fa-Grav AG).

Quality assurance and quality control (“QA/QC”) Procedures Check the chain of the samples of the samples and absorb the systematic insertion and monitoring of suitable reference materials (certified standards, spaces and duplicates) in the sample series. The results of the test of the QA/QC material included in each batch are followed to guarantee the integrity of the test data. All results stated in this announcement have accepted the QA/QC protocols from Silver Dollar.

Mike Kilbourne, P.Geo., An independent qualified person as defined in NI 43-101, has assessed and approved the technical content of this press release on behalf of the company.

About the La Joya project

The La Joya Project is situated approached approached approached 75 kilometres Directly Southeast of the State Capital City of Durango in a prolific mineralized region with past production and operating mines including Grupo Mexico’s San Martin Mine, Sabinas Sabinas, Sabinas, Sabinas, Sabinas, Sabinas, Sabinas, Sabinas, Sabinas, Sabinas, Sabinas, Sabinas, Sabinas, Sabinas, Sabinas, Sabinas, Sabinas, Sabinas, Sabinas, Sabinas, Sabinas, Sabinas, Sabinas, Sabinas, Sabinas, Sabinas, Sabinasa’s Sabinasas. First Majestic’s La Parrilla and del Toro Silver Mines. For more information about the project, click the image below to watch a two -minute video.

Figure 1: Click on the image above to watch a two-minute video in which the La Joya project is introduced

Visit: To view an improved version of Figure 1:
htts

About Silver Dollar Resources Inc.

Silver Dollar is a mineral exploration company that completed its first public offer in May 2020 and is fully financed for 2022 with around $ 9 million in the treasury. The company’s projects are located in two of the productive mining jurisdictions in the world and include the advanced exploration and development phase La Joya Silver Project in the state of Durango, Mexico; And the Discovery Phase Pakwash Lake and the Longleged Lake Properties in the Red Lake Mining District of Ontario, Canada. The company has an aggressive growth strategy and actively assesses potentially accetive acquisitions with a focus on drill -friendly projects in minor -friendly jurisdictions internationally.

For more information you can download our latest presentation by clicking here And you can follow us on Twitter by clicking here.

On behalf of the board

Signed “Michael Romanik”

Michael Romanik,
President, CEO and director
Silver Dollar Resources Inc.
Direct line: (204) 724-0613
E -Mail: mike@silverdollarresources.com
179 – 2945 JACKLIN ROAD, Suite 416
Victoria, BC, V9B 6J9

Foresight statements:

This press release can contain “future -oriented statements”. Forward -looking statements include known and unknown risks, uncertainties, assumptions and other factors that can lead to the actual results, performance or performance of the company essentially differing from future results, performance or performance that is expressed or implied by the future -oriented statements. Every future -oriented statement only speaks from the date of this press release and, except as required by the applicable securities laws, the company accepts an intention or obligation to update a future -oriented statement, either as a result of new information, future events or results or otherwise.

Visit to view the source version of this press release https://www.newsfilecorp.com/release/117848


#Silver #Dollar #announces #AGM #results

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *