Silver Dollar finds new zone at Nora project

Executive Summary

• Silver Dollar Resources Inc. announced the discovery of a new mineralized zone, "North Canyon," at its 100%-owned Nora Silver-Gold Project in Durango, Mexico.
• The company received a drill permit valid for three years, allowing for road repairs and the construction of up to 18 drill pads, with a detailed drilling plan to follow once targets are delineated.
• Significant channel sampling results were reported from the Candy vein projection, showing high-grade silver equivalent intercepts within a wide oxidation zone.

Key Details

• New Discovery: A new zone of mineralization named "North Canyon" was discovered 1,500 meters north and along strike from the historic Candy mine, and 950 meters north of previously reported sampling.
• Assay Results (Candy Vein Projection):
  • Channel sampling returned 162 grams per tonne (g/t) silver equivalent (AgEq) over 12.48 metres.
  • The intercept is within an oxidation zone over 100 metres wide.
  • Mineralization is described as widely disseminated with strong iron oxidation and pervasive manganese, locally concentrated along fractures.
  • Trace concentrations of galena were identified within the oxide zone.
• Sampling Methodology: Three areas were contiguously channel sampled as if they were trenches. Outcrop is partially exposed along an old road cut and in small pits.
• Drill Permit Details:
  • Valid for three years.
  • Permits the repair of access roads.
  • Allows for the building of up to 18 drill pads on the property.
  • The company expects to provide a detailed drilling plan when priority targets have been identified and fully delineated.
• Next Steps: A crew has been mobilized to begin follow-up trenching, sampling, and detailed mapping of the North Canyon zone to expand on and gain a better understanding of the disseminated mineralization.
• Property Context: The Nora property is located in the Eastern Sierra Madre subprovince, centrally within the silver trend in Durango state. It is subject to a 2% net smelter returns royalty.

Notable Quotes

• "We are encouraged by the discovery of the most widespread mineralization found to date on the Nora property," said Greg Lytle, president of Silver Dollar. "We have mobilized a crew to begin follow-up trenching, sampling and detailed mapping of the North Canyon zone. The objective is to expand on and gain a better understanding of this new zone of disseminated mineralization."