The Company is fully funded for 2021-2022 exploration
Vancouver, British Columbia–(Newsfile Corp. – November 15, 2021) – Silver Dollar Resources Inc. (CSE: SLV) (OTCQB: SLVDF) (“Silver Dollar” or the “Company”) is pleased to announce that diamond drilling has commenced at the La Joya silver project located in the state of Durango, Mexico.
The initial 3,000 metre drilling program will focus on target development on the Noria portion of the La Joya property with an emphasis on testing for possible structural extensions of known mineralized zones identified in historical drilling. Results from this initial drilling program are expected to provide valuable information regarding two possible high-grade concepts and will assist in guiding future phases of drilling.
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“This is the first drill program on the property in seven years and we are excited to be embarking on a new chapter of exploration at La Joya,” said Mike Romanik, president of Silver Dollar. “We are cashed up and ready to significantly expand the program as initial drill results are received and targets become more clearly defined.”
About Silver Dollar Resources Inc.
Silver Dollar is a mineral exploration company that completed its initial public offering in May 2020 and is fully funded for 2021 with approximately $10 million in the treasury. The Company’s projects are located in two of the prolific mining jurisdictions in the world and include the advanced exploration and development stage La Joya Silver Project in the state of Durango, Mexico; and the discovery-stage Pakwash Lake and the Longlegged Lake properties in the Red Lake Mining District of Ontario, Canada. The Company has an aggressive growth strategy and is actively reviewing potentially accretive acquisitions with a focus on drill-ready projects in mining-friendly jurisdictions internationally.
ON BEHALF OF THE BOARD
Signed “Michael Romanik”
President, CEO & Director
Silver Dollar Resources Inc.
Direct line: (204) 724-0613
Email: [email protected]
179 – 2945 Jacklin Road, Suite 416
Victoria, BC, V9B 6J9
This news release may contain “forward-looking statements.” Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
Original Article: https://www.newsfilecorp.com/release/103488