Silver Dollar sets out 2026 La Joya exploration plans

Executive Summary

• Silver Dollar Resources Inc. outlined its 2026 exploration strategy for its 100%-owned La Joya silver (copper-gold) project in Durango, Mexico, shifting focus from potential open-pit to underground development.
• The company is targeting deeper, high-grade "San Martin type" mineralization at five specific targets, utilizing historical data reinterpretation and enhanced modeling to guide future drilling.
• The company confirmed it is fully funded for 2026 following a recent financing, with continued support from major shareholder Eric Sprott.

Key Details

• Strategic Shift: Exploration focus is moving from open-pit potential to underground development, targeting higher-grade mineralization within the 2x3 km La Joya complex.
• Exploration Model: Targets are based on the nearby San Martin mine (approx. 25 km SE), which historically contained >300 million ounces of silver with mineralization extending >1,200 meters deep. La Joya shares similar geology (Cuesta del Cura limestone, Indidura formation, San Luis-Tepehuanes fault system).
• Five Priority Drill Targets:
  • Central Dike: Strike length of 770m; 134 of 170 samples returned >100 g/t AgEq. Notable sample No. 161 returned 3,823 g/t AgEq.
  • El Brazo: Carbonate-hosted system similar to San Martin CRD. Drill hole NOR-22-013 intersected 19.35m at 232 g/t AgEq, including 5.0m at 535 g/t AgEq (420 g/t Ag, 0.41 g/t Au, 0.05% Cu, 1.97% Pb, 3.9% Zn). Highlights potential for Pb/Zn credits in future resource estimates.
  • North Side: Deep high-grade target below historic hole LB96-04 (694 g/t AgEq over 8.6m at 401m depth). Remains open in all directions.
  • Road Zone: Blind gold-rich target. Historic hole NOR-21-004 intersected 3m at 1,099 g/t AgEq. Subsequent holes NOR-22-010 (2.09m at 204 g/t AgEq) and NOR-22-017 (1.87m at 700 g/t AgEq) identified similar mineralization over a 190m strike length.
  • El Puerto: Ground magnetic anomaly coinciding with a topographic low; identified as a blind target in a prospective structural corridor.
• AgEq Calculation Methodology:
  • Metal Prices: $1,750/oz Au, $22/oz Ag, $1.25/lb Pb, $1.50/lb Zn, $4.30/lb Cu.
  • Recoveries: Au 66%, Ag 93%, Cu 70%, Pb 87%, Zn 84% (based on historic Pan American Silver La Colorada and Southern Silver Cerro Minitas data).
• Financial Status: Company is fully financed for 2026, having recently closed a financing with support from Eric Sprott.
• Historical Context: Previous PEA by Silvercrest Mines (Dec 2013) reported resources for MMT and Santo Nino deposits. Silver Dollar notes that independent verification is required and does not currently treat historical resources as current mineral resources.

Notable Quotes

• "We are well funded and ready for an active year at La Joya, capitalizing on favourable market conditions and record-high prices for gold, silver and copper," said Gregory Lytle, president of Silver Dollar. "Our exploration team is systematically advancing five priority areas that have been identified for deep San Martin type mineralization, and we look forward to initiating drill testing as soon as the targeting work is finalized."