The Company is fully funded for 2021-2022 explorationSilver Dollar Resources Inc. 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 ...

The Company is fully funded for 2021-2022 exploration

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.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/7232/103488_52ca070dd462db5a_001.jpg

Click on the image above to view a two-minute video introducing the La Joya Project

If you cannot view the video above, please visit:
https://vimeo.com/497779460

"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.

For additional information, you can download our latest presentation by clicking here and you can follow us on Twitter by clicking here.

ON BEHALF OF THE BOARD

Signed "Michael Romanik"

Michael Romanik,
President, CEO & Director
Silver Dollar Resources Inc.
Direct line: (204) 724-0613
Email: admin@silverdollarresources.com
179 - 2945 Jacklin Road, Suite 416
Victoria, BC, V9B 6J9

Forward-Looking Statements:

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103488

News Provided by Newsfile via QuoteMedia

CMC Metals CEO Kevin Brewer

CMC Metals CEO Kevin Brewer: Discovering the Next Major Silver District in the World

CMC Metals (TSXV:CMB,FWB:ZM5N,OTC Pink:CMCZF) CEO Kevin Brewer is excited and confident that the company's current strategy will lead to the discovery of several high-grade polymetallic deposits in the Silver Heart District in the Yukon.

Keep reading... Show less
CMC Closes C$750,000 Non-Brokered Private Placement

CMC Closes C$750,000 Non-Brokered Private Placement

NOT FOR DISSEMINATION OR DISTRIBUTION INTO THE UNITED STATES OR THROUGH UNITED STATES NEWSWIRE SERVICES

CMC Metals Ltd. (TSXV:CMB)(Frankfurt:ZM5N)(OTC PINKS:CMCXF) ("CMC" or the "Company") is pleased to announce that the Company has closed a non-brokered private placement (the "Offering") for gross proceeds of C$750,000 from the sale of 7,500,000 flow-through units of the Company (each, a "FT Unit") at a price of C$0.10 per FT Unit. Red Cloud Securities Inc. ("Red Cloud") acted as a finder on behalf of the Company in relation to the Offering

Keep reading... Show less

First Majestic Files Updated Technical Report for the Santa Elena Silver/Gold Mine in Sonora, Mexico Including a Positive Pre-Feasibility Study for the Ermitaño Project; Appoints Vice-President of Exploration

FIRST MAJESTIC SILVER CORP. (NYSE: AG) (TSX: FR) (the "Company" or "First Majestic") is pleased to announce it has filed an updated technical report in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects for its Santa Elena SilverGold Mine in Sonora, Mexico. The report also includes positive results of a Pre-Feasibility Study ("PFS") completed for its 100% owned Ermitaño Project which is located only four kilometres east of the Santa Elena processing plant. The Company has filed the Technical Report on its website (www.firstmajestic.com) under the Reserves and Resources section and on SEDAR (www.sedar.com) under First Majestic's issuer profile. All amounts are in U.S. dollars unless stated otherwise.

UPDATED MINERAL RESERVE & RESOURCE ESTIMATES FOR SANTA ELENA
(compared to Mineral Reserve and Resource estimates on December 31, 2020)

Keep reading... Show less
Denarius Announces Grant of Stock Options

Denarius Announces Grant of Stock Options

Denarius Silver Corp. ("Denarius" or "the Company") (TSXV: DSLV) announced today that it has granted stock options to a new director elected at its recent Annual General and Special Meeting of Shareholders and to new employees and advisors recently engaged by the Company in connection with its Lomero Project in Spain. A total of 2,600,000 stock options were granted with each stock option exercisable at $0.65 per common share until November 22, 2026. The stock options vested immediately. The closing price of the Company's common shares on November 22, 2021, the date prior to the grant of the stock options, was $0.65 per share.

About Denarius

Keep reading... Show less
Thunderstruck Resources Announces Exploration Program Results in 50% Expansion of Liwa Gold/Silver Prospect

Thunderstruck Resources Announces Exploration Program Results in 50% Expansion of Liwa Gold/Silver Prospect

Thunderstruck Resources Ltd. (TSXV: AWE) (The "Company") is pleased to report the following updates on the exploration work being done on its prospects in Fiji.

"We are wrapping up an encouraging and active year of exploration on our high-grade Liwa gold/silver prospect. We have a great video recently taken from the camp; it really drives home the challenges of exploration in remote areas like Fiji," stated Thunderstruck's President/CEO Bryce Bradley. "Also, in addition to the work done on our Korokayiu copper/zinc property this year, a team has just been deployed to a third property, our Nakoro copper/zinc asset, to conduct a short mapping program on this promising high-grade VMS prospect. They'll be in the field for about two weeks, while the other teams shut down the Liwa and Korokayiu camps in preparation for rainy season, which typically starts in December until April. This schedule provides adequate time to assess the results in preparation for the 2022 exploration season."

Keep reading... Show less

MAG Silver Corp Announces US$40 Million Bought Deal Financing

MAG Silver Corp. (TSX NYSE American: MAG) ("MAG" or "MAG Silver" or the "Company") has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and Raymond James Ltd. under which the underwriters have agreed to buy on a bought deal basis 2,340,000 common shares (the "Common Shares"), at a price of US$17.15 per Common Share for gross proceeds of approximately US$40 million (the "Offering"). The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close on or about November 29, 2021 and is subject to the Company receiving all necessary regulatory approvals.

The net proceeds of the Offering will be used to fund exploration on Juanicipio and MAG's other projects including Deer Trail, certain sustaining capital requirements at the Juanicipio Project not included in the initial project capital estimates, and for working capital and general corporate purposes.

Keep reading... Show less

Top News

Related News