Silver Dollar Resources Inc. reported it has submitted a drilling permit application for the next phase of drilling at the high-grade Nora silver-gold property in the state of Durango, Mexico. Silver Dollar can acquire a 100% interest in the Nora property under an option agreement with Canasil Resources Inc. Situated in the Eastern Sierra Madre sub-province, in the transition to the high plateau of Mexico, the Property lies centrally within the "Silver Trend" that runs from the northwest to the southeast through Durango State. Significant deposits in the region include Endeavour Silver's Guanaceví mine and Fresnillo's San Julián mine on-trend to the northwest, with Endeavour Silver's Pitarrilla Project approximately 50 kilometres (km) to the east.

Pitarrilla is one of the largest undeveloped silver deposits in the world and was discovered by Perry Durning and Frank (Bud) Hillemeyer, who serve as Silver Dollar's technical advisors. The geological setting is a Tertiary-aged volcanic flow-dome complex. Gold-silver mineralization is hosted within two structurally controlled epithermal veins, Candy and Nora.

Drilling by Canasil in 2020 and 2021 was the first on the Property, with 3,296 metres (m) drilled over 13 holes to test the Candy vein structure. All 13 drill holes cut the mineralized vein structure, returning wider high- grade gold and silver intercepts within the central 200-metre zone tested. Only 500 m of the potential 3-km strike of the Candy vein structure has been drill tested, and only to a depth of 250 m below surface.

The consistently high gold and silver grades and relatively low base metal values, confirm the upper levels of a robust gold-silver mineralized system within the Candy structure, which is open for significant expansion along strike and to depth where grade and thickness appear to be increasing.