Silver Dollar Resources Inc. is pleased to provide an overview of the results from the compilation and reinterpretation of all historical exploration data on the La Joya Silver property located in Durango, Mexico.
The Company is also pleased to announce that it has hired Mine Development Associates, a division of RESPEC, out of Reno, Nevada, to prepare an updated mineral resource estimate for its wholly owned Gavilanes silver property located in Durango, Mexico.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “In the northern domain of our 3500m continuous high chargeability anomaly we have now hit 3 zones with elevated sulphides and grades of zinc and lead. It is worth noting that these 3 zones are below the detection level of the IP survey. Our next step will be to do additional geophysics with better resolution and deeper penetration to help in the exploration for the heat source of the sulphide system.”
Taj Singh, President and CEO, states: “We have now expanded the higher-grade bulk-tonnage domain by 300 m northeast along strike in the South Corridor. This area of the deposit had seen only limited drilling historically. Our recent drilling, including highlight intercepts in this release of 132 m at 118 g/t AgEq and 126 m at 103 g/t AgEq, has consistently delivered broad zones of near-surface mineralization. These results are a positive surprise and emphasize the sheer scale of the higher-grade mineralizing system at Cordero and show the opportunities that lie ahead for the Project in this rising silver price environment.”
“With funds in place, the team is actively securing our drilling permits for Mexico and we are excited to get underway. As part of this process, the company has employed Jose Luis Posadas, a highly experienced Zacatecas-based exploration geologist, on a fulltime basis.”
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