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Silver Dollar Updates Fieldwork at Longlegged Lake Property in Red Lake

Dec 4, 2020

Silver Dollar Resources Inc. (CSE: SLV) ("Silver Dollar" or the "Company") is pleased to provide an update of the ongoing exploration on its Longlegged Lake property (the "Property") located in the Red Lake Mining Division of northwestern Ontario.

To further evaluate the PLFZ, Silver Dollar completed prospecting and soil sampling of areas interpreted to be prospective to host gold mineralization. A till sampling program of 30 samples was completed to assess the potential of gold in basal till down ice direction of the PLFZ. These samples were sent to Overburden Drilling Management in Nepean, Ontario. for determination of the presence of gold grains. Gold grains within the samples will be classified as to their shape and size to help determine proximity to the potential source. The results of the sampling have been recently received and are being integrated into the exploration model.

The next phase of exploration is comprised of two areas of Induced Polarization (IP) surveying which is ongoing with expectations of completion in the next two weeks. The two grids were selected using the interpretation of the airborne magnetics. The IP survey is intended to define sulfide mineralization within or adjacent to the PLFZ. In other locations within the Red Lake area, sulfide mineralization is associated with gold values. Figure 3 below illustrates the locations of the IP surveys.

Tags: Northern Ontario / Exploration / Gold / All Articles