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Silver Dollar Starts Fieldwork at Longlegged Lake Property in Red Lake

Jun 24, 2020

Silver Dollar Resources Inc. (CSE: SLV) ("Silver Dollar" or the "Company") is pleased to report it has commenced fieldwork on the Longlegged Lake property (the "Property") located in the Red Lake Mining Division of northwestern Ontario.

The Property is situated in a structurally active area of the Red Lake Mining Division where exploration activity has been re-energized with the success of Great Bear Resources and the numerous high-grade gold discoveries on their Dixie property. Other active neighbours in the area include BTU Metals who announced last December they had staked a large claim package adjoining the northern boundary of the Property to expand their Dixie-Halo property where they are drilling a potential Cu-Ag-Au VMS discovery called the TNT Target; and Golden Goliath Resources who just announced their Kwai property to the North-East of the Property along the PLFZ has been found to host a repetition of the same sequence of rocks that hosts the LP Zone on the Dixie property. 

Silver Dollar completed a heliborne high-resolution magnetic (MAG) survey on the Property in the spring of 2019 that identified dominant northeast-southwest MAG lineaments interpreted to be the deep-seated crustal scale PLFZ.

The Mag Survey, that included a total of 1,837 line-km on 25-meter line spacing, also identified many curved lineaments (Figure 3) which could be related to shearing and folding where dilation zones may have enabled mineralization to occur. Fieldwork underway will include soil sampling, geological mapping and prospecting to follow up on the key structures identified by the MAG survey. Previous work by Laurentian Goldfields indicated the presence of elevated or anomalous gold in soils along the PLFZ. The Property is fully permitted for exploration and drilling.

Tags: Northern Ontario / Exploration / Gold / All Articles