- Silver Dollar (SLV) has mined up to 361.8 g/t silver equivalent from its La Joya Silver Project
- Further drilling will focus on extensions of known mineralized zones and a new shallow high-grade gold zone
- Four additional assays are pending
- Silver Dollar is a mineral exploration company with projects in Mexico and Ontario
- Silver Dollar (SLV) is up by 3.7 per cent trading at $0.84 per share
Silver Dollar (SLV) has mined up to 361.8 g/t silver equivalent from its La Joya Silver Project.
The results stem from initial fall and winter drilling on the Mexican project.
Drilling focused on the underexplored Noria area and was successful in identifying possible structural extensions of known mineralized zones, as well as a new shallow high-grade gold zone.
Exploration will pivot to these new targets and is expected to commence before the end of the month.
Four additional assay results are pending.
The company is fully funded for 2022 exploration.
“We are encouraged by these initial results and eagerly await the remaining assays, particularly for the wide interval of 40+ metres of visible sulphide mineralization in hole NOR-22-008,” said Mike Romanik, Silver Dollar’s CEO.
“Drill core from this hole,” he added, “that targeted mineralization along the contact between carbonate rocks and a felsic intrusive, looks very promising.”
Downhole drill intersections received to date
| Drill hole # | From (m) | To (m) | Length (m) | Ag (g/t | Au (g/t) | Cu % | Pb % | Zn % | AgEQ (g/t) |
| NOR-21-001 | 66 | 93 | 27 | 10.7 | 0.05 | 0.07 | – | 0.02 | 16.6 |
| NOR-21-002 | 118.62 | 123.99 | 5.37 | 110.5 | 0.19 | 0.04 | 0.25 | 0.28 | 131.2 |
| Including | 121.14 | 123.99 | 2.85 | 141.3 | 0.06 | 0.04 | 0.42 | 0.44 | 161.1 |
| NOR-21-003 | No significant values | ||||||||
| NOR-21-004 | 78 | 84 | 6.00 | 2.8 | 0.21 | 0.06 | 0.01 | 0.02 | 21.6 |
| “ | 126 | 129 | 3.00 | 49 | 19.2 | 0.48 | – | 0.03 | 1,590 |
| “ | 157.25 | 165.62 | 8.37 | 16.9 | 4.3 | 0.10 | – | 0.01 | 361.8 |
| Including | 164.61 | 165.62 | 1.01 | 58 | 29.0 | 0.15 | – | 0.01 | 2,369 |
| “ | 204 | 213 | 9.00 | 5.5 | 0.21 | 0.11 | – | 0.02 | 25.3 |
| NOR-21-005 | 9 | 49.44 | 40.44 | 4.4 | 0.02 | 0.01 | 0.02 | 0.28 | 9.8 |
| NOR-21-005 | 144.57 | 157.11 | 12.54 | 16 | 0.06 | 0.11 | 0.15 | 25.5 | |
| NOR-22-006 | No significant values | ||||||||
| NOR-22-007 | No significant values | ||||||||
Silver Dollar is a mineral exploration company with projects in Mexico and Ontario.
Silver Dollar (SLV) is up by 3.7 per cent trading at $0.84 per share as of 11:42 am EST.