Silver Dollar to launch fully funded 3,500m diamond drill program at La Joya
Silver Dollar Resources has contracted Versa Perforaciones to execute a fully funded 3,500-meter diamond drilling program beginning in April at its 100%-owned La Joya Silver (Cu-Au) Project in Durango, Mexico. The program targets deep San Martin-style mineralization along intrusive margins outside historic resource zones.
1. Drill Program Details
Silver Dollar has engaged Versa Perforaciones for a 3,500-meter diamond drilling campaign at La Joya, fully funded to commence in April. The program will test multiple targets identified along intrusive contacts with the goal of discovering deeper silver-copper-gold mineralization.
2. Exploration Strategy Shift
The company is transitioning from potential open-pit exploration to underground-focused drilling at areas outside historic resource zones. Targets are modeled on San Martin-style mineralization, supported by discoveries at the Coloradito Intrusive (El Brazo) showing copper-gold-silver trends.
3. La Joya Property Overview
La Joya comprises 15 mineral concessions totaling 4,646 hectares in Durango state, located within a high-grade silver district. The property hosts the Main Mineralized Trend, Santo Niño, and Coloradito deposits and sits near operating mines like San Martín and La Parrilla.
4. Historical Resource Context
A 2013 Preliminary Economic Assessment by the previous operator provided a mineral resource estimate for parts of La Joya, but Silver Dollar is not treating it as current. Independent verification and updated resource modeling are planned following new drilling data.