- Silver Dollar Resources (SLV) has reported historic drilling results from its recently acquired La Joya exploration property in Mexico
- The La Joya exploration property was previously optioned to Silver Crest Mines, which completed an as yet unreported phase three exploration program at the site
- The drilling program totalled 2,698 metres across 17 infill drill holes and was completed in 2014
- Assays from the historic drilling work included 1,915 grams per tonne silver over 0.45 metres, alongside a 20.4 per cent copper result over 0.55 metres
- Silver Dollar Resources (SLV) is up 1.32 per cent and is trading at C$1.60 per share
Silver Dollar Resources (SLV) has reported historic drilling results from its recently acquired La Joya exploration property in Mexico.
The company found the records of a phase three drilling program completed by the site’s previous operator, Silver Crest Mines.
Silver Crest formerly operator the site through an earn-in agreement with First Majestic Silver, in a deal similar to Silver Dollar’s current arrangement. The drilling work was completed in February and March of 2014 and wasn’t reported at the time.
Silver Dollar came across the results when it started compiling the data on the site after it agreed to its option deal with First Majestic.
The 17 in fill drill holes totalled 2,698 meters of total work with the best result reaching 1,915 grams per tonne silver over 0.45 metres.
Other results from the program included a 20.4 per cent copper result over 0.55 metres and gold results at 33.5 grams per tonne over 1 metre.
President of Silver Dollar, Mike Romanik said the company was exceptionally pleased to learn of the high-grade results from the main mineralised trend on the property.
“A target that is of particular interest is the 750-metre gap between the main mineralised trend and the Santo Nino Deposit, where no drilling has been undertaken. It demonstrates the tremendous potential for resource expansion and will be a priority in our initial exploration campaign,” he said.
Silver Dollar Resources (SLV) is up 1.32 per cent and is trading at C$1.60 per share at 12:00 pm EDT.