SILVER DOLLAR RESOURCES INC.
Our field crew has done a great job locating additional hot spots for drilling,' said
Geological mapping has now been completed to cover all of the Coloradito-Noria ground at a 1:1,000 scale. A total of 125 rock samples were collected from outcrop and rock dumps and submitted to the lab for analysis. Results for all samples have now been received, 79 sample assays were previously reported, and the balance of the sample results are reported herein.
The mapping and sampling program has identified five mineralized areas: the Verde and El Hueco areas were partially drilled by a previous operator, and the Dyke North, Dyke South, and South-East areas have never been drill tested. A summary of each area follows:
El Hueco Area: Hueco Grande is a significant historical working on a structure with a true width of at approximately 3 m wide and mined to a depth of 15 m. Grab sample 16 was a composite sample taken over 5 m of dump material that assayed 391 g/t AgEQ. Assuming safe access into the workings can be established, proper mapping and sampling will be done. The extension of these workings could be targeted from an existing drill pad 55 m to the northeast.
The North Hanging Wall is defined by a series of small pits over a 105 m strike length where six samples assayed 474 g/t AgEQ (dump 91), 148 g/t AgEQ over 1.5 m (chip 92), 82 g/t AgEQ over 0.6 m (chip 93), 96 g/t AgEQ over 1 m (chip 90), 113 g/t AgEQ (dump 24), and 50 g/t AgEQ over 0.6 m (chip 25). These pits all have poor and sloughed-in conditions that will be investigated further.
Mineralization within the intrusive dyke has been identified in dumps and an outcrop where a dump material sample (80) assayed 267 g/t AgEQ, and a 0.3 m chip sample (81) assayed 53 g/t AgEQ. Gold is elevated within the intrusive with a high of 1.88 g/t Au in sample 80. Again, exposure is limited here that will be followed up.
At the North Foot Wall, there are three pits over approximately 50 m paralleling the dyke where grab sample 83 assayed 46 g/t AgEQ, chip sample 82 assayed 453 g/t AgEQ over 1.7 m, and grab sample 23 assayed 682 g/t AgEQ. These showings are 400 m north of and on strike with Hueco Grande, with samples from three showings in between returning assays of 518 g/t AgEQ (dump 85), 165 g/t AgEQ over 1.6 m (chip 84), and 73 g/t AgEQ over 2 m (chip 22).
Dyke South Area: In the South Dyke area, there is the southward extension of the mineralized trace from Hueco Grande 350 m to the north. Chip sample 35 was taken from a small working and assayed 305 g/t AgEQ over 1.8 m.
The 'South
South-East Area: The 'South-East' area consists of two parallel structures approximately 100 m apart. The eastern structure is poorly exposed, with the best result coming from a chip sample (78) that assayed 401 g/t AgEQ over 0.8 m. The western structure is defined by two collapsed prospect pits with no exposed outcrop. Hand and/or backhoe trenching across both structures could improve the understanding of this area.
Drilling: In late January, two widely-spaced holes were drilled to target the untested southern extension of the Brazo structure, coincident with the S-3 MAG anomaly and near the intersection of major structures. Hole NOR-23-029 was drilled to a total depth of 336 m and intersected a broad >100 m hornfels zone with local concentrations of sulphides. Hole NOR-23-030 was drilled to a total depth of 549 m and cut through a very wide alteration zone with local sulphides throughout the entire 200-m zone. All drill core has been logged with samples from both holes shipped for assay.
Procedure, Quality Assurance / Quality Control, and Data Verification
The diamond drill core (HQ size) was geologically logged, photographed, and marked for sampling. Core designated for sampling was sawn in half with a diamond blade core saw. One-half of the core was sealed in plastic bags and shipped for analysis. The remaining half was returned to the core trays for storage and/or for metallurgical testwork.
The sealed and tagged sample bags were transported to the ActLabs facility in
Quality assurance and quality control ('QA/QC') procedures monitor the chain-of-custody of the samples and include the systematic insertion and monitoring of appropriate reference materials (certified standards, blanks, and duplicates) into the sample strings. The results of the assaying of the QA/QC material included in each batch are tracked to ensure the integrity of the assay data. All results stated in this news release have passed Silver Dollar's QA/QC protocols.
About the
The La Joya Property 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
Silver Dollar previously reported analytical results for its Phase I drill program, which consisted of 2,424 metres completed over 11 holes and for its Phase II program, which consisted of 3,428 metres of drilling completed over 17 holes.
About
Silver Dollar is a mineral exploration company that completed its initial public offering in
Contact:
Tel: (204) 724-0613
Email: mike@silverdollarresources.com
Forward-Looking Statements
This news release may contain 'forward-looking statements.' Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
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