Silver Dollar can acquire a 100% interest in the Nora property (the 'Property') as part of its option and exclusivity agreements with
Located in the Eastern
It's hard not to get excited about the future of the Nora project. Drilling in 2020 and 2021 was the first on the project and tested less than 20% of the potential 3-kilometre strike of the Candy vein structure, and only to a depth of 250 metres,' said
Silver Dollar has received all historical technical information on the Property from Canasil and is organizing it into a database to analyze, interpret, and then plan the next phase of exploration. The Company also completed its initial Property visit earlier this month for a field inspection and to establish connections with the local communities for logistics, permitting, etc. The trip included
The Property is located approximately 200 km north-northwest of the city of Durango, with excellent year-round access via Federal highway, paved road, and local dirt roads. Local infrastructure is available in the towns of
The geological setting is a Tertiary-aged volcanic flow-dome complex. Gold-silver mineralization is hosted within two structurally-controlled epithermal veins. Mineralization is typical of that found at many mines and deposits in the region, with gold and silver associated with galena, sulfosalt minerals, and lesser pyrite, sphalerite, and chalcopyrite.
There are two principal veins outcropping at the Nora project:
The Candy vein, which shows evidence of small-scale historical mining activity, is 0.50 metres (m) to 2.00 m wide and is exposed in discontinuous outcrops for over 900 m with the fault structure hosting the vein traced over 3 km.
The Nora vein is located 600 m northeast of the Candy vein with a parallel north-south strike and can be traced for 230 m along strike with widths of over 9.0 m.
Drilling by Canasil in 2020 and 2021 was the first on the Property, with a total of 3,296 m drilled over 13 holes to test the Candy vein structure over a strike distance of 500 m and to a vertical depth of 250 m below surface. All 13 drill holes cut the mineralized vein structure, returning particularly wide high-grade gold (Au) and silver (Ag) intercepts within the central 200-metre zone tested.
Only 500 m of the potential 3-km strike of the Candy vein structure has been drill tested, and only to a depth of 250 m below surface. The consistently high gold and silver grades, together with the relatively low base metal values, confirm the upper levels of a robust gold-silver mineralized system within the Candy structure, which is open for significant expansion along strike and to depth where grade and thickness appear to be increasing.
In addition to the Candy vein structure, historical systematic grid soil sampling over a 2 km east-west and 3 km north-south area covering the central zone of the project returned widespread silver, gold, copper, zinc, and lead geochemical anomalies coincident with pathfinder mineral anomalies. The gold and silver anomalies are particularly strong over the 3 km strike extent of the Candy vein structure on the western side of the project area, as well as to the southwest and east of the Candy vein structure. A strong silver and gold anomaly also extends for 1.5 km southwest from the location of the high-grade drill intercepts on the Candy vein, and a breccia target has been identified to the south with potential for hosting bulk tonnage disseminated silver-gold mineralization.
About
Silver Dollar is a mineral exploration company that completed its initial public offering in
Contact:
Tel: (204) 724-0613
Email: mike@silverdollarresources.com
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