Silver Dollar Resources Completes Acquisition of Ranger-Page Project in Silver Valley, Idaho

The drill-ready Ranger-Page project is located in the Coeur d’Alene mining district, which is one of the world’s largest producers of silver, lead and zinc.

Vancouver, British Columbia–(Newsfile Corp. – August 7, 2024) – Silver Dollar Resources Inc. (CSE: SLV) (OTCQX: SLVDF) (FSE: 4YW) (“Silver Dollar” or the “Company”) is pleased to announce that, further to its press release dated July 15, 2024, it has completed the acquisition of assets related to the Ranger-Page project located in Shoshone County, Idaho, USA (Figure 1), including option rights under the Government Gulch Option and Joint Venture Agreement and the Page Mine Mineral Rights Lease and Option Agreement.

Figure 1: Location of the Ranger-Page project in the Coeur d’Alene Mining District.

Key project elements:

The drill-ready project is located in a world-class silver mining region where more than 90 mines have been operating since the first major lead-zinc-silver deposit was discovered in 1884.

The project is ideally located approximately two kilometers (km) south of Interstate 90 and the town of Smelterville. It has electricity, water, year-round access to local infrastructure, and a skilled exploration and mining workforce.

The project comprises two adjacent patented mine concession groups – Government Gulch (403 acres) and Page Mine (802 acres) – which combine the western end of the Silver Valley mining corridor under a single operator for the first time.

The land package includes six historic mines with an option to acquire mineral rights within the Project, which are currently not subject to any royalties.

Surface access rights allow Silver Dollar to conduct exploration activities. Permitting is conducted in the State of Idaho and no federal permit is required.

Over the past two years, a number of exploration targets have been developed and are ready for drilling following the systematic application of modern exploration techniques for the first time.

The primary target areas are located higher up from where historic underground mining ended, close to the surface, and targets have been identified laterally, away from traces of former mines.

Additional drill targets unrelated to historic mining areas were also identified.

The project borders the Bunker Hill mine, which is scheduled to restart production in Q4 2024.

Figure 2: The Ranger-Page fault system, historic underground mine workings and new target zones.

Structurally active area:

The ore deposits in the Coeur d’Alene Mining District are hosted by a complex network of faults and folds created by tectonic forces of varying ages and motions. The district is located at the intersection of the west-northwest-trending Osburn Fault and a north-trending anticlinal (uplift) structure known as the Noxon Arc.

The 27-kilometer Osburn fault strikes the most productive silver belts in the district and along the northern boundary of the Ranger-Page project. A network of seven secondary faults cross the project area, with the north-south-trending Page fault (which hosts the Page mine) at the western end and the Crown Point fault at the eastern end intersecting the Osburn fault. Additional faults include the east-west-trending Curlew, 96, Buckeye, and Spring faults and the south-northwest-trending Government Gulch fault (Figures 2 and 3).

Exploration potential:

Major discoveries in the Coeur d’Alene Mining District are typically the result of deep downward exploration of exposed minerals near the surface. Narrow veins near the surface can bloom into multimillion-ounce ore at depth where vein structures intersect favorable rock formations. As a result, the district remains an active exploration and mining region even 140 years after the first discovery of Ag-Pb-Zn deposits along the South Fork of the Coeur d’Alene River.

Consistent with the exploration history in the district, the Ranger-Page Project demonstrates similar potential for discovery near surface and at depth. This assessment is based on a comprehensive underground mining database that provides strong evidence of high-grade mineralization continuing at depth and along strike from where historic underground mining ceased, as well as recent exploration results from geophysical and geochemical surveys, extensive trenching and sampling, and geological mapping that have identified new target areas with potential near surface mineralization.¹

Figure 3: The colored areas represent IP zone anomalies dipping along the faults towards the south.

Additional information about the Ranger-Page project can be found in the July 15, 2024 press release.

“We are delighted to have acquired the Ranger-Page Project and thank everyone involved for helping to expedite the completion of the transaction,” said Mike Romanik, president of Silver Dollar. “Our direct exploration efforts are focused on near-surface targets recently discovered outside of the historic mine footprint.”

Transaction Summary:

The Sellers transferred the assets to Silver Dollar’s wholly owned subsidiary for $300,000 cash and the issuance of 6,000,000 shares of Silver Dollar common stock at a deemed price of $0.30 per share for a total consideration of $2,100,000. The shares are subject to a statutory hold period of four months and a contractual escrow in accordance with the following release schedule:

release date	Waiver of contractual deposit
August 6, 2024	1,000,000 shares
February 6, 2025	1,250,000 shares
August 6, 2025	1,250,000 shares
February 6, 2026	1,250,000 shares
August 6, 2026	1,250,000 shares

The Company also paid finders’ commissions totaling $30,000 and 600,000 shares in connection with the acquisition. The finders’ shares are subject to a statutory four-month holding period.

Mike Kilbourne, P.Geo., an independent Qualified Person (QP) as defined in NI 43-101, reviewed and approved the technical content of this press release on behalf of the Company. The QP and the Company did not perform sufficient work to verify information about the Ranger-Page Project, particularly regarding historical exploration, resources and production, adjacent companies and government geological work.

About Silver Dollar Resources Inc.

Silver Dollar is a mineral exploration company that is fully funded to advance its near-term exploration plans, having closed its latest financing with lead orders from billionaire mining investor Eric Sprott and NYSE-listed First Majestic Silver. The company’s primary projects lie in Idaho’s prolific Silver Valley and the Durango-Zacatecas silver-gold belt and include the advanced Ranger-Page and La Joya exploration projects and the early Nora exploration project. Management has an aggressive growth strategy and is actively evaluating potential acquisitions, with a focus on drill-ready projects in mining-friendly jurisdictions.

For additional information, you can download our latest presentation by clicking here or follow us on X by clicking here.

ON BEHALF OF THE BOARD

Signed “Michael Romanik”

Forward-looking statements:

This press 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 statements speak only as of the date of this press release and, except as required by applicable securities laws, the Company disclaims any intention or obligation to update any forward-looking statements, 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 the contents of this press release.

Sources cited:

https://silvervalleymetals.com/projects/ranger-page-project/exploration-potential/