Silver Dollar Discovers New Mineralized Zone at the Nora Silver-Gold Project and Receives Drill Permit
Silver Dollar (OTCQX:SLVDF) announced discovery of a new mineralized area, the North Canyon Zone, located 1,500m north of the historic Candy mine and 950m north of prior surface samples. Channel sampling returned 162 g/t AgEq over 12.48m within a >100m-wide oxidation zone; individual rock samples show AgEq values up to 476 g/t. Metal prices and recovery assumptions used for AgEq are disclosed. The company received a three-year drill permit allowing repair of access roads and construction of up to 18 drill pads. Follow-up trenching, mapping and a future drill plan are planned once targets are delineated.
Silver Dollar (OTCQX:SLVDF) ha annunciato la scoperta di una nuova area mineralizzata, la North Canyon Zone, situata a 1.500 m a nord della storica miniera Candy e a 950 m a nord dei campioni superficiali precedenti. Il campionamento a canale ha restituito 162 g/t AgEq su 12,48 m all'interno di una zona di ossidazione >100 m di ampiezza; campioni di roccia singoli mostrano valori di AgEq fino a 476 g/t. Sono stati divulgati i prezzi dei metalli e leAssunzioni di recupero utilizzate per AgEq. L'azienda ha ottenuto un permesso di perforazione di tre anni che permette la riparazione delle strade di accesso e la costruzione di fino a 18 piazzole di perforazione. Trattamenti di esplorazione successivi, mappatura e un piano di perforazione futuro sono pianificati una volta delineati gli obiettivi.
Silver Dollar (OTCQX:SLVDF) anunció el descubrimiento de una nueva zona mineralizada, la North Canyon Zone, ubicada a 1.500 m al norte de la histórica mina Candy y a 950 m al norte de las muestras de superficie anteriores. El muestreo de canal dio 162 g/t AgEq en 12,48 m dentro de una zona de oxidación de más de 100 m de ancho; las muestras de roca individuales muestran valores de AgEq de hasta 476 g/t. Se divulgan los precios de los metales y las hipótesis de recuperación utilizadas para el AgEq. La empresa recibió un permiso de perforación de tres años que permite la reparación de las carreteras de acceso y la construcción de hasta 18 plataformas de perforación. Se planifican trabajos de zanjeo, mapeo y un plan de perforación futuro una vez que se delimiten los objetivos.
Silver Dollar (OTCQX:SLVDF)가 새로운 광물화 구역인 North Canyon Zone의 발견을 발표했습니다. 이 구역은 역사적인 Candy 광산의 북쪽으로 1,500m 떨어져 있으며 이전 표면 샘플들보다 950m 북쪽에 위치합니다. 채널 샘플링으로 >100m 폭의 산화대 내에서 12.48 m에 걸쳐 162 g/t AgEq가 반환되었고; 개별 암석 샘플은 AgEq 값이 최대 476 g/t까지 나타납니다. AgEq에 사용된 금속 가격 및 회수 가정이 공개됩니다. 회사는 접근 도로 보수 및 최대 18개 시추 패드를 건설할 수 있는 3년 간의 시추 허가를 받았습니다. 대상이 확정된 후에는 후속 트렌칭, 매핑 및 향후 시추 계획이 계획되어 있습니다.
Silver Dollar (OTCQX:SLVDF) a annoncé la découverte d'une nouvelle zone minéralisée, la North Canyon Zone, située à 1 500 m au nord de l'ancienne mine Candy et à 950 m au nord des échantillons de surface précédents. L'échantillonnage par canal a donné 162 g/t AgEq sur 12,48 m dans une zone d'oxydation >100 m de large; des échantillons de roches individuels montrent des valeurs d'AgEq allant jusqu'à 476 g/t. Les prix des métaux et les hypothèses de récupération utilisées pour l'AgEq sont divulgués. La société a reçu un permis de forage de trois ans permettant la réparation des routes d'accès et la construction de jusqu'à 18 postes de forage. Des tranchées de suivi, des relevés et un plan de forage futur sont prévus une fois les cibles délimitées.
Silver Dollar (OTCQX:SLVDF) kündigte die Entdeckung eines neuen mineralisierten Gebiets an, der North Canyon Zone, etwa 1.500 m nördlich der historischen Candy-Mine und 950 m nördlich der früheren Oberflächenproben. Kanalproben ergaben 162 g/t AgEq über 12,48 m innerhalb einer Oxidationszone von >100 m Breite; einzelne Gesteinsproben zeigen AgEq-Werte bis zu 476 g/t. Die Metallpreise und Annahmen zur Ausbeute, die für AgEq verwendet wurden, werden offengelegt. Das Unternehmen erhielt eine dreijährige Bohrgenehmigung, die Reparaturen an Zugangsstraßen und den Bau von bis zu 18 Bohrplätzen erlaubt. Folgebohrungen, Kartierung und ein zukünftiger Bohrplan sind geplant, sobald die Ziele abgegrenzt sind.
Silver Dollar (OTCQX:SLVDF) أعلنت عن اكتشاف منطقة معدنية جديدة، وهي North Canyon Zone، وتقع على بُعد 1,500 م شمال منجم Candy التاريخي و950 م شمال العينات السطحية السابقة. أظهر أخذ عينات القناة 162 g/t AgEq على مدى 12.48 م ضمن منطقة أكسدة بعرض يزيد عن 100 م؛ وتُظهر عينات الصخور الفردية قيم AgEq تصل حتى 476 g/t. تم الكشف عن أسعار المعادن وافتراضات الاستخراج المستخدمة لـ AgEq. حصلت الشركة على تصريح حفر لمدة ثلاث سنوات يسمح بإصلاح طرق الوصول وبناء حتى 18 منصة حفر. وتخطط لاستكشافات متابعة، ورسم خرائط، وخطة حفر مستقبلية عند تحديد الأهداف.
- Channel sample: 162 g/t AgEq over 12.48m
- Individual sample high: 476 g/t AgEq (sample R-170)
- Drill permit: 3 years, permits 18 drill pads
- Property: 100% interest acquired (subject to 2% NSR)
- Results are surface sampling only; no drilling yet
- Qualified Person notes insufficient verification of historical data
The new North Canyon Zone is 1,500m north, and along strike from the historic Candy mine, and 950m north of previously reported surface sampling that returned up to 29.61 g/t gold, 2,215 g/t silver and
Vancouver, British Columbia--(Newsfile Corp. - November 12, 2025) - Silver Dollar Resources Inc. (CSE: SLV) (OTCQX: SLVDF) (FSE: 4YW) ("Silver Dollar" or the "Company") is pleased to report the latest surface sample assay results and receipt of a drill permit for its
Photo 1: North Canyon, Looking SSW.
To view an enhanced version of this graphic, please visit:
https://silverdollarresources.com/images/Nora/North-Canyon-Zone.jpg
A new zone of mineralization named "North Canyon" has been discovered 1,500 meters (m) north, and along strike from the historic Candy mine, and 950m north of previously reported sampling (see news release of April 16, 2024).
Photo 2: North Canyon, NOR-Z-08.
To view an enhanced version of this graphic, please visit:
https://silverdollarresources.com/images/Nora/North-Canyon-NOR-Z-08.jpg
Channel sampling of the Candy Vein projection returned assays of 162 grams per tonne (g/t) silver equivalent (AgEq) over 12.48m within an oxidation zone over 100m wide. Mineralization appears to be widely disseminated, with strong iron oxidation and manganese pervasive in the zone and locally concentrated along fractures of multiple orientations. Trace concentrations of galena have been identified within the oxide zone. Outcrop is only partially exposed along an old road cut, and in small pits. Three areas were contiguously channel sampled as if they were trenches, with average assays as follows.
| TRENCH | INTERVAL m | Au g/t | Ag g/t | Pb % | Zn % | AgEq g/t |
| NOR-Z-08 | 12.48 | 0.02 | 39 | 0.39 | 2.28 | 162 |
| NOR-Z-09 | 4.27 | 0.01 | 27 | 0.13 | 0.76 | 68 |
| NOR-Z-10 | 2.3 | 0.01 | 46 | 0.12 | 0.43 | 72 |
Table 1: North Canyon Channel sample averages.
Silver equivalent is calculated using the following metal prices in USD: Au
Figure 1: Nora property plan view with North Canyon location.
To view an enhanced version of this graphic, please visit:
https://silverdollarresources.com/images/Nora/North-Canyon_Candy-Trend_Planview.jpg
| Trench ID | Sample | Width m | Au g/t | Ag g/t | Pb % | Zn % | AgEq g/t |
| NOR-Z-01 | R-134 | 1.2 | 0.005 | 5 | 0.06 | 0.04 | 9 |
| NOR-Z-01 | R-135 | 0.7 | 0.142 | 19 | 1.67 | 0.48 | 118 |
| NOR-Z-01 | R-136 | 0.1 | 0.308 | 41 | 1.01 | 0.16 | 112 |
| NOR-Z-01 | R-137 | 1.57 | 0.358 | 22 | 0.61 | 0.06 | 77 |
| NOR-Z-02 | R-138 | 0.6 | 0.003 | 7 | 0.14 | 0.21 | 23 |
| NOR-Z-02 | R-139 | 0.5 | 0.259 | 17 | 0.91 | 0.32 | 88 |
| NOR-Z-02 | R-140 | 0.2 | 0.188 | 22 | 0.77 | 0.35 | 84 |
| NOR-Z-02 | R-141 | 0.73 | 0.178 | 9 | 0.79 | 0.10 | 59 |
| NOR-Z-03 | R-147 | 1.15 | 0.002 | 17 | 0.08 | 0.09 | 24 |
| NOR-Z-03 | R-148 | 0.75 | 0.034 | 15 | 0.58 | 0.26 | 53 |
| NOR-Z-03 | R-149 | 0.4 | 0.147 | 31 | 0.66 | 0.21 | 78 |
| NOR-Z-03 | R-150 | 0.3 | 0.012 | 7 | 0.11 | 0.20 | 21 |
| NOR-Z-04 | R-151 | 1.15 | 0.015 | 4 | 0.36 | 0.22 | 29 |
| NOR-Z-04 | R-152 | 1.15 | 0.002 | 4 | 0.06 | 0.08 | 11 |
| NOR-Z-04 | R-153 | 0.3 | 0.002 | 3 | 0.04 | 0.05 | 7 |
| NOR-Z-04 | R-154 | 1 | 0.063 | 4 | 0.09 | 0.03 | 14 |
| NOR-Z-04 | R-155 | 0.85 | 0.013 | 3 | 0.04 | 0.02 | 7 |
| NOR-Z-05 | S/M | 1 | n/a | n/a | n/a | n/a | n/a |
| NOR-Z-05 | R-160 | 0.7 | 0.017 | 149 | 0.33 | 3.60 | 331 |
| NOR-Z-05 | R-161 | 1.1 | 0.034 | 49 | 2.86 | 0.48 | 186 |
| NOR-Z-05 | R-162 | 0.7 | 0.384 | 40 | 0.63 | 0.09 | 100 |
| NOR-Z-05 | R-163 | 0.95 | 0.427 | 58 | 0.34 | 0.03 | 106 |
| NOR-Z-06 | R-164 | 0.5 | 0.009 | 23 | 0.08 | 0.23 | 37 |
| NOR-Z-06 | R-165 | 0.2 | 0.019 | 12 | 0.35 | 1.14 | 80 |
| NOR-Z-06 | R-167 | 0.7 | 0.205 | 16 | 0.22 | 0.42 | 61 |
| NOR-Z-06 | R-168 | 0.6 | 0.072 | 14 | 0.24 | 0.23 | 40 |
| NOR-Z-07 | R-169 | 0.87 | 0.290 | 45 | 0.88 | 0.15 | 109 |
| NOR-Z-07 | R-170 | 0.63 | 0.581 | 55 | 8.48 | 0.94 | 476 |
| NOR-Z-07 | R-171 | 1.5 | 0.783 | 85 | 1.59 | 0.25 | 221 |
| NOR-Z-08 | R-172 | 0.82 | 0.031 | 34 | 0.21 | 2.58 | 165 |
| NOR-Z-08 | R-188 | 0.72 | 0.024 | 20 | 0.21 | 2.52 | 147 |
| NOR-Z-08 | R-189 | 0.55 | 0.030 | 36 | 0.36 | 2.46 | 168 |
| NOR-Z-08 | R-114 | 1.61 | 0.040 | 44 | 0.41 | 1.98 | 156 |
| NOR-Z-08 | R-173 | 0.95 | 0.011 | 49 | 0.40 | 1.66 | 143 |
| NOR-Z-08 | R-174 | 0.96 | 0.026 | 48 | 0.46 | 2.71 | 195 |
| NOR-Z-08 | R-175 | 0.6 | 0.013 | 70 | 0.37 | 1.97 | 178 |
| NOR-Z-08 | R-176 | 0.92 | 0.017 | 56 | 0.34 | 1.92 | 160 |
| NOR-Z-08 | R-177 | 1.25 | 0.022 | 49 | 0.42 | 1.77 | 150 |
| NOR-Z-08 | R-178 | 0.8 | 0.042 | 27 | 0.64 | 3.46 | 217 |
| NOR-Z-08 | R-190 | 1 | 0.014 | 22 | 0.25 | 2.12 | 132 |
| NOR-Z-08 | R-191 | 1.91 | 0.019 | 23 | 0.44 | 2.61 | 164 |
| NOR-Z-08 | R.179 | 0.39 | 0.013 | 33 | 0.46 | 1.94 | 143 |
| NOR-Z-09 | R-180 | 0.7 | 0.013 | 47 | 0.13 | 1.17 | 108 |
| NOR-Z-09 | R-194 | 1.05 | 0.012 | 12 | 0.11 | 0.50 | 40 |
| NOR-Z-09 | R-195 | 1.05 | 0.007 | 23 | 0.16 | 0.35 | 46 |
| NOR-Z-09 | R-116 | 0.97 | 0.005 | 32 | 0.08 | 0,91 | 78 |
| NOR-Z-09 | R-181 | 0.5 | 0.007 | 29 | 0.20 | 1.32 | 99 |
| NOR-Z-10 | R-196 | 0.6 | 0.007 | 23 | 0.16 | 0.35 | 46 |
| NOR-Z-10 | R-182 | 0.3 | 0.010 | 61 | 0.20 | 0.47 | 92 |
| NOR-Z-10 | R-197 | 0.7 | 0.008 | 55 | 0.09 | 0.44 | 79 |
| NOR-Z-10 | R-198 | 0.7 | 0.008 | 52 | 0.07 | 0.46 | 77 |
Table 2: North Canyon Assay Table.
Procedure, quality assurance/quality control and data verification:
All rock samples were collected, described, photographed, and bagged on-site. The samples were delivered by Silver Dollar staff to ActLabs in Zacatecas, Mexico for analysis. ActLabs is ISO 9001:2015 certified. Soil samples were screened to -80 mesh at the lab, prior to analysis. Gold is analyzed by a 30g Fire Assay with AA (atomic absorption spectroscopy) finish, then gravimetric finish if greater than 10ppm Gold. Silver and 34 other elements were analyzed using a four-acid digestion with an ICP-OES (Inductively Coupled Plasma Optical Emission spectroscopy) finish. Silver, lead, zinc, and copper over limits were re-assayed using an ore-grade four-acid digestion with ICP-AES (Inductively coupled plasma atomic emission spectroscopy) finish. Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the Company's quality assurance and quality control protocol.
"We are encouraged by the discovery of the most widespread mineralization found to date on the Nora Property," said Greg Lytle, President of Silver Dollar. "We have mobilized a crew to begin follow-up trenching, sampling and detailed mapping of the North Canyon Zone. The objective is to expand on and gain a better understanding of this new zone of disseminated mineralization."
The drill permit Silver Dollar received is valid for three years. It allows for the repair of access roads and the building of up to 18 drill pads on the Property. The Company expects to provide a detailed drilling plan when priority targets have been identified and fully delineated.
About the Nora Property:
Silver Dollar acquired a
Located 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 (See location map). 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 kilometers (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, Silver Dollar's technical advisors.
The Property is located approximately 200 km north-northwest of the city of Durango, with excellent year-round access via Federal highway, paved road, and local dirt roads. Local infrastructure is available in the towns of Tepehuanes and Santa Maria del Oro and the city of Santiago Papasquiaro, all within 50km of the Property.
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. The QP and the Company have not completed sufficient work to verify the information on the Nora property, particularly regarding historical exploration, neighbouring companies, and government geological work.
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, as well as 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 visit our website at silverdollarresources.com, download our investor presentation, and follow us on X at x.com/SilverDollarRes.
ON BEHALF OF THE BOARD
Signed "Gregory Lytle"
Gregory Lytle,
President, CEO & Director
Silver Dollar Resources Inc.
Direct line: (604) 839-6946
Email: greg@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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274093
FAQ
What did Silver Dollar announce for Nora (OTCQX:SLVDF) on November 12, 2025?
How large and where is the North Canyon Zone relative to the Candy mine at Nora (SLVDF)?
What does the SLVDF drill permit allow and for how long?
Are the reported assays from Silver Dollar (SLVDF) from drill holes or surface samples?
What peak sample grades were reported at Nora that investors should note (SLVDF)?
