- Silver Dollar Resources Inc. (SLV) receives the remaining assay results from its phase I drilling on the La Joya Silver Project
- Hole NOR-22-008 mineralization includes silver, gold, copper, lead, and zinc
- Hole NOR-22-009 had higher grade gold recording over the same interval
- The mineralization represents a new extension along the unexplored Coloradito area
- Phase II drilling is targeting the wide intervals of mineralization intersected
- Silver Dollar Resources Inc. (SLV) is up 1.52 per cent trading at $0.67 per share as of 11:17 a.m. ET
Silver Dollar Resources (SLV) has received the remaining assay results from its phase I drilling at the La Joya Silver Project in Mexico.
Drill core samples from all 11 holes completed over a total of 2,424 metres of Phase I drilling were submitted for analysis. Results for the first seven holes were reported in March, and the results mentioned below are for the last four holes.
A notable section, Hole NOR-22-008, intersected 89.57 grams silver equivalent per tonne over 125.3 metres. Mineralization is made up of silver, gold, copper, lead, and zinc over wide intervals.
Hole NOR-22-009 also found a significant amount of silver equivalent. It had higher grade gold over the same interval. Gold tenors were over twice the grade and triple the width of mineralization encountered in historical hole LJ-DD12-96.
Phase I drilling exceeded expectations by identifying structural extensions of the known mineralized zones. The discovery of a near-surface gold zone with appreciable grades and widths was also an exceptional find.
The wide skarn-type silver, gold, copper, lead, and zinc mineralization represents a new extension along the unexplored Coloradito intrusive beyond historical workings.
Mike Romanik, President of Silver Dollar, commented,
“Our successful Phase I drilling has provided us with several new follow-up targets well outside the historic resource area… Phase II drilling continues, and we have encountered similar sulphide mineralization over even broader widths and will expand the program as analytical results dictate.”
Phase II drilling is now in progress and targeting the wide intervals of mineralization intersected in the new phase I discoveries.
Silver Dollar Resources Inc. (SLV) is up 1.52 per cent trading at $0.67 per share as of 11:17 a.m. ET.