Silver Dollar hires Versa for drill program at La Joya

Executive Summary

• Silver Dollar Resources Inc. has hired Versa Perforaciones to conduct a 3,500-metre diamond drilling program at its 100%-owned La Joya silver (Cu-Au) project in Durango, Mexico.
• The company is shifting its exploration strategy from potential open-pit mining to underground exploration and development, focusing on areas outside historic resource zones near intrusive bodies to test for deeper San Martin-type mineralization.
• The company confirmed it is fully financed through 2026, supported by continued backing from major shareholder Eric Sprott.

Key Details

• Drilling Program:
  • Contractor: Versa Perforaciones.
  • Scope: 3,500 metres of diamond drilling.
  • Location: La Joya silver (Cu-Au) project, Durango, Mexico.
• Strategic Shift:
  • Transitioning from open-pit potential to underground exploration and development.
  • Focus areas are located outside historic resource areas, specifically near the sides of intrusive bodies.
  • Targets aim to drill-test for deep San Martin-type mineralization below known mineralization or magnetic anomalies off the sides of intrusives.
  • Specific targets mentioned include the Coloradito intrusive and El Brazo.
• Project Context (La Joya):
  • Advanced-exploration-stage property comprising 15 mineral concessions totaling 4,646 hectares.
  • Hosts the Main Mineralized Trend (MMT), Santo Nino, and Coloradito deposits.
  • Located ~75 km southeast of Durango, in a high-grade silver region near operating mines including San Martin (Grupo Mexico), La Parrilla (Silver Storm), Sabinas (Industrias Penoles), Del Toro (First Majestic), and La Colorada (Pan American Silver).
• Historical Data & Compliance:
  • Previous operator Silvercrest Mines released a PEA NI 43-101 technical report in December 2013.
  • Historical Mineral Resource Estimate (MRE) covered only MMT and Santo Nino deposits based on drilling 2010–2012.
  • Silver Dollar states that a qualified person has not done sufficient work to classify the historical resource; it is not treated as a current mineral resource. Independent data verification and assessment of estimation methods are required.
  • Dale Moore, PGeo, is the Qualified Person who reviewed and approved the technical information; he is not independent of the company per NI 43-101.
• Financial Status:
  • Company is fully financed for 2026.
  • Financing closed with continued support from financial backers, including Eric Sprott (largest shareholder).

Notable Quotes

• "Silver Dollar remains focused on its shift in exploration strategy. The strategy is moving from potential open pit to underground exploration and development at the 100-per-cent-owned La Joya property."
• "The discovery of San Martin-type mineralization on the property (specifically at the Coloradito intrusive, El Brazo) provides evidence supporting the concept of deeper mineralization around the main intrusions at La Joya."