Silver Dollar Resources Inc. reported that Phase 2 exploration drilling is underway at the La Joya Silver Project (the Property) located in the state of Durango, Mexico. Phase 2 drilling will remain focused on the underexplored Noria portion of the Property and new targets that were identified in the results received to date from the Phase 1 drilling program. As previously reported, a new discovery that is of primary interest is a shallow high-grade gold zone that was unexpectedly hit in hole NOR-21-004.

The hole, which deviated significantly to the south of the intended target, encountered high-grade gold in multiple intervals that included 19.2 grams per tonne (g/t) (0.677 oz/ton) gold (Au) over 3.00 metres (m) starting from a depth of 126 m downhole and 29.0 g/t (1.023 oz/ton) Au over 1.01 m starting from a depth of 164.61 m downhole.