Announcement Date: 2021-11-16
Announcement Type: Exploration Update
Announcement Code: NI43-101
Company name: Sierra Madre Gold and Silver Ltd.
Project name: La Tigra
Location: Mexico
Commodities: Gold,Silver
Highlight: Trenching results incl. 12.8m @ 1.57AuEq
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, British Columbia – November 16, 2021 – Sierra Madre Gold and Silver Ltd. (TSXV: SM) (“Sierra Madre” or the “Company”) is pleased to announce the results of the first four trenches at its La Tigra project located in the State of Nayarit, Mexico. Trench intercepts are summarized in the table below. Gregory K Liller, Sierra Madre’s COO states, “I am very pleased to see our La Tigra trenching program is off to a good start. These first four trenches, together with the previously released reconnaissance sampling, confirm our view that the Districo del Tigre has significant gold and silver potential. No methodical modern exploration program has ever been conducted in the district and the entire team is excited by the initial results.” Trenches LTZ01 to LTZ03 started in gold-silver mineralization and are currently being extended so as to determine the full width of the economically interesting zone. Trench locations are shown in the following map.
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