Silver Dollar Commences Exploration Drilling at the Ranger-Page Project in Idaho's Silver Valley
Silver Dollar Resources (SLVDF) has initiated its first diamond drilling program at the Ranger-Page Project in Idaho's Silver Valley. The initial target is the Crown Point Mine area, located within a kilometer of the Bunker Hill Mine. Historical records show Crown Point's early mining yielded high-grade ores with up to 80 ounces per ton silver and 65% lead. A 2022 IP survey identified an untested deep polarization anomaly below the historic mine. Three holes are planned to expand mineralization 190 metres below existing workings and locate the Crown Point system's deep projection.
Silver Dollar Resources (SLVDF) ha avviato il suo primo programma di perforazione con diamante nel Ranger-Page Project nella Silver Valley dell'Idaho. L'obiettivo iniziale è l'area della Crown Point Mine, situata a meno di un chilometro dalla Bunker Hill Mine. I documenti storici mostrano che le prime attività minerarie a Crown Point hanno prodotto minerali di alta qualità con fino a 80 once per tonnellata di argento e 65% di piombo. Un'indagine IP del 2022 ha identificato un'anomalia di polarizzazione profonda non testata sotto la miniera storica. Sono previsti tre fori per espandere la mineralizzazione 190 metri sotto le strutture esistenti e localizzare la proiezione profonda del sistema Crown Point.
Silver Dollar Resources (SLVDF) ha iniciado su primer programa de perforación de diamante en el Ranger-Page Project en el Valle de Plata de Idaho. El objetivo inicial es el área de la Crown Point Mine, ubicada a menos de un kilómetro de la Bunker Hill Mine. Los registros históricos muestran que las primeras extracciones en Crown Point produjeron minerales de alta ley con hasta 80 onzas por tonelada de plata y 65% de plomo. Una encuesta IP de 2022 identificó una anomalía de polarización profunda no probada debajo de la mina histórica. Se planean tres perforaciones para expandir la mineralización 190 metros bajo los trabajos existentes y localizar la proyección profunda del sistema Crown Point.
실버 달러 리소스(SLVDF)가 아이다호 실버 밸리의 레인저-페이지 프로젝트에서 첫 다이아몬드 드릴링 프로그램을 시작했습니다. 초기 목표는 벙커 힐 광산에서 1킬로미터 이내에 위치한 크라운 포인트 광산 지역입니다. 역사적 기록에 따르면 크라운 포인트의 초기 채굴에서는 톤당 최대 80온스의 은과 65%의 납을 포함한 고품질 광석이 생산되었습니다. 2022년에 실시된 IP 조사에서는 역사적인 광산 아래에 테스트되지 않은 깊은 편극화 이상이 확인되었습니다. 기존 작업 아래 190미터에서 광물화를 확장하고 크라운 포인트 시스템의 깊은 프로젝션을 찾기 위해 세 개의 구멍이 계획되어 있습니다.
Silver Dollar Resources (SLVDF) a lancé son premier programme de forage diamant au Ranger-Page Project dans la Silver Valley de l'Idaho. L'objectif initial est la zone de la Crown Point Mine, située à moins d'un kilomètre de la Bunker Hill Mine. Les documents historiques montrent que les premières exploitations de Crown Point ont produit des minerais de haute qualité avec jusqu'à 80 onces par tonne d'argent et 65% de plomb. Une enquête IP de 2022 a identifié une anomalie de polarisation profonde non testée sous la mine historique. Trois forages sont prévus pour étendre la minéralisation 190 mètres sous les installations existantes et localiser la projection profonde du système Crown Point.
Silver Dollar Resources (SLVDF) hat sein erstes Diamantbohrprogramm im Ranger-Page-Projekt im Silver Valley, Idaho, gestartet. Das anfängliche Ziel ist das Gebiet der Crown Point Mine, das sich weniger als einen Kilometer entfernt von der Bunker Hill Mine befindet. Historische Aufzeichnungen zeigen, dass die frühen Bergbauaktivitäten in Crown Point hochwertige Erze mit bis zu 80 Unzen pro Tonne Silber und 65% Blei lieferten. Eine IP-Untersuchung aus dem Jahr 2022 identifizierte eine ungetestete tiefe Polarisationsanomalie unterhalb der historischen Mine. Es sind drei Bohrlöcher geplant, um die Mineralisierung 190 Meter unter den bestehenden Arbeiten zu erweitern und die tiefe Projektion des Crown Point-Systems zu lokalisieren.
- Historical high-grade ore production with up to 80 oz/ton silver and 65% lead
- Strategic location near Bunker Hill Mine, which is restarting production in 2025
- Untested deep polarization anomaly identified by 2022 IP survey
- Project has access to existing infrastructure and skilled workforce
- Historical mining showed declining ore grades from initial high-grade supergene ores to lower-grade hypogene ore
- Previous mining operations ceased due to metal price fluctuations
Ranger-Page Project is located in the Coeur d'Alene Mining District, a world-class silver district where over 90 mines have operated since the first major silver-lead-zinc discovery was staked in 1884
Vancouver, British Columbia--(Newsfile Corp. - November 26, 2024) - Silver Dollar Resources Inc. (CSE: SLV) (OTCQX: SLVDF) (FSE: 4YW) ("Silver Dollar" or the "Company") is pleased to announce the commencement of its inaugural diamond drilling program at the Ranger-Page Project.
Photo 1: Integri-Core drill rig setup on RP-2024-001
To view an enhanced version of this graphic, please visit:
https://silverdollarresources.com/images/Ranger-Page/Rig-Setup_RP-24-001.jpg
The initial drill target is the Crown Point Mine area, which is located within a kilometre of the Bunker Hill Mine (Figure 2) that was in production from 1885 to 1981 and is scheduled to restart production in the first half of 2025.
Based on the limited historical records available, mining at Crown Point started in the late 1800s with the first 3,000 tons shipped from the mine being high-grade supergene ores with up to 80 ounces per ton silver and
The 2022 IP survey identified a deep polarization anomaly down-plunge from the historic Crown Point Mine that has never been drill tested. The anomaly is coincident with surface geochemical data and positive trenching results over the area, which has improved the confidence level in this target, and it will be the first to be drill tested in 2024. Three holes are initially planned to test the deep anomaly with the objectives of expanding the mineralized footprint 190 metres below the lowest mine workings and locating the deep projection of the Crown Point mineralized system along with the historically reported Shea Zone and the Osburn Fault Zone (Figure 1).
Figure 1: Crown Point target looking north with polarization anomaly and proposed drill holes.
To view an enhanced version of this graphic, please visit:
https://silverdollarresources.com/images/Ranger-Page/Crown-Point-Target-w.jpg
About the Ranger-Page Project
The Ranger-Page Project is located in a world-class silver district. The land package covers six historic mines and is ideally situated near Interstate 90 with year-round access to power, water, local infrastructure and a workforce in the Silver Valley skilled in exploration and mining. The primary target areas are up and down plunge from historic underground mining, along strike where ground induced polarization (IP) surveys identify anomalies, and where surface trenching identified near surface mineralization. Additional exploration targets have also been identified away from historic mine infrastructure, using soil geochemical data, mapping, and ground IP survey data.
Figure 2: Ranger-Page claim groups, underground mine workings, and new target areas.
To view an enhanced version of this graphic, please visit:
https://silverdollarresources.com/images/Ranger-Page/Ranger-Page_Claims-Targets.jpg
Dale Moore, P.Geo., an independent Qualified Person (QP) as defined in National Instrument 43-101, has reviewed and approved the technical contents of this news release on behalf of the Company.
About Silver Dollar Resources Inc.
Silver Dollar is a dynamic mineral exploration company focused on two of North America's premier mining regions: Idaho's prolific Silver Valley and the Durango-Zacatecas silver-gold belt. Our portfolio includes the advanced-stage Ranger-Page and La Joya projects, along with the early-stage Nora project. The Company's financial backers include renowned mining investor Eric Sprott, our largest shareholder. Silver Dollar's management team is committed to an aggressive growth strategy and is actively reviewing potential acquisitions with a focus on drill-ready projects in mining-friendly jurisdictions.
For additional information, you can download our latest presentation here and follow us on X here.
ON BEHALF OF THE BOARD
Signed "Michael Romanik"
Michael Romanik,
President, CEO & Director
Silver Dollar Resources Inc.
Direct line: (204) 724-0613
Email: mike@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.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this news release.
Referenced Source:
1. USGS - The Geology and ore deposits of the Coeur d'Alene district, Idaho
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231390
FAQ
What are the initial silver grades reported at Crown Point Mine for SLVDF?
How deep is SLVDF planning to drill below the Crown Point Mine workings?
What did the 2022 IP survey reveal at SLVDF's Ranger-Page Project?
How many drill holes is SLVDF planning for the Crown Point target?
