Drill Core Results From La Joya Silver Project in


VANCOUVER - Silver Dollar Resources Inc. reported highlights from the most recent diamond drilling program at the La Joya Silver Project in Durango, Mexico. Results from the Phase 3 drilling program, completed between February 17 and March 29, 2014, were not previously reported. Records of the Phase 3 program were obtained by Silver Dollar through the file-sharing arrangement under the Definite Agreement with First Majestic. Announcement of the drilling program was included in the final Management Discussion and Analysis issued by SilverCrest: ”La Joya Project third quarter highlights: SilverCrest completed a 17 hole in-fill drilling program (2,698 metres). The program provides valuable information that will enable SilverCrest to advance towards an updated resource model in H1 2015."

The updated resource model was never completed due to First Majestic's acquisition of SilverCrest that was completed on October 1, 2015.

The Phase 3 drilling program targeted infill drilling along the Main Mineralized Trend and was successful in confirming significant mineralization in 15 of 17 holes (two holes were drilled for geotechnical logging and no assay records have been located). The results provide Silver Dollar with further confidence in the extent of the mineralized system and verify several key features of the polymetallic Ag-Cu-Au deposit identified in the National Instrument (NI) 43-101 Preliminary Economic Assessment Technical Report (the "PEA"), with Effective Date of October 21, 2013, and Released Date of December 5, 2013: Confirmed presence of high-grade mineralization with 2014 highest assay grades reported for Ag of 1,915 grams per tonne (g/t) over 0.45 meter (hole LJ DD14-116 from 26.4 to 26.85 m), Cu of 20.4 % over 0.55 meter (hole LJ DD14-116 from 86 to 86.55 m), and Au of 33.5 g/t over 1.0 meter (hole LF DD14-120 from 211.15 to 212.15 m); Presence of discrete high-grade stockwork and structurally controlled veining (SCSV) style mineralization such as in hole LJ DD14-116 that intercepted 2.0 meters (from 86 to 88 m) grading 723.5 g/t Ag, 8.97 % Cu and 0.09 g/t Au, or 1,778.1 g/t silver equivalent (AgEq); Continuous broad intervals of mineralization hosted in replacement manto style mineralization, such as in hole LJ DD14-114 that intercepted 66.4 meters (from 27.1 to 93.5 m) grading 43.5 g/t Ag, 0.27 % Cu and 0.38 g/t Au, or 98.21 g/t AgEq; & Outcropping and near-surface mineralization, such as in holes LJ DD14-109 that intercepted 21.92 meters (from 1.8 to 23.72 m) grading 31.5 g/t Ag, 0.36 % Cu and 0.95 g/t Au, or 130.4 g/t AgEq.

Drilling results from the eastern extent of the (approximately east-west striking) SCSV revealed excellent exploration potential for extension of the deposit further to the east where hole LJ DD14-116 intercepted two broad mineralized zones grading 75.7 g/t Ag, 0.55 % Cu, and 0.06 g/t Au, or 143.9 g/t AgEq, over 25.1 meters (from 19.1 to 44.2 m), and 106.2 g/t Ag, 1.20 % Cu, and 0.29 g/t Au, or 264.0 g/t AgEq, over 23.1 meters (from 82.4 to 105.5 m).

Notably, hole LJ DD14-116 was drilled near to the previous holes LJ DD12-79 (48.8 metres grading 53.1 g/t Ag, 0.37 % Cu, and 0.06 g/t Au, from 102.2 to 150.8 m) and LJ DD12-86 (45 meters grading 135.5 g/t Ag, 1.14 % Cu and 0.11 g/t Au, from 67 to 112 m) along the interpreted Tecolote structure, which remains open to the east. This eastern area is a primary exploration target representing a 750-meter-wide (approximate horizontal distance) gap where no drilling has been undertaken and is flanked on the east by the Santo Nino Deposit.

Mike Romanik, President, said, “While we knew the Phase 3 drilling was completed at La Joya, we were exceptionally pleased to learn the program returned the highest-grade silver, copper and gold hits to date from the Main Mineralized Trend. A target that is of particular interest is the 750-meter gap between the Main Mineralized Trend and the Santo Nino Deposit, where no drilling has been undertaken. It demonstrates the tremendous potential for resource expansion and will be a priority in our initial exploration campaign."

Sampling of the drill core was conducted along the entire length of each hole below overburden (excepting hole LJ DD14-117, where sampling started at 34.55 m downhole depth) generally at 1 meter sample lengths, up to a maximum of 5.5 meters, except within visually mineralized intervals where sample intervals respected geological contacts down to a minimum interval of 0.10 meter downhole length. A total of 2,596 drill core samples were collected.

The samples were submitted to the Inspectorate preparation lab based in Durango, Mexico, and shipped to Acme Laboratories (both labs part of the Bureau Veritas Group Companies), based in Vancouver, Canada for analysis. Samples were crushed and split from which 250-gram subsamples were pulverized to 200 mesh.

All samples were submitted for 33 trace elements inductively coupled plasma emission spectroscopy (ICP-ES) (using aqua regia digestion), and 30-gram fire assay (FA) (using lead fusion) with atomic absorption spectrometry (AAS) analyses for gold. Where gold assays exceeded the upper FA-AAS detection limit of 10 g/t, or where silver assays exceeded the upper ICP-ES detection limit of 100 g/t, then analysis was conducted for both gold and silver using fire assay with a gravimetric finish. Any copper, lead or zinc assay exceeding the upper ICP-ES detection limit of 10,000 ppm triggered re-analysis of all three elements at higher grade ICP-ES detection limits.

Additionally, 279 samples were submitted to the laboratory for quality assurance and control (QA/QC). These were comprised of 246 blank samples and 33 certified standard reference samples. No duplicates samples appear to have been collected as part of this campaign. The QA/QC results have been reviewed and no concerns have been identified.