Announcement Date: 2022-05-24
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Sierra Madre Gold and Silver Ltd.
Project name: La Tigra
Location: Mexico
Commodities: Gold,Silver
Highlight: Drilling results incl. 32.0m @ 1.0g/t Au, 3.8g/t Ag from 10.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: VANCOUVER, BC / ACCESSWIRE / May 24, 2022 / Sierra Madre Gold and Silver Ltd. (TSXV:SM)(OTCQB:SMDRF) (“Sierra Madre” or the “Company”) is pleased to announce the results from the first three holes of its maiden drilling program at the La Tigra Gold/Silver Project in the State of Nayarit, Mexico. The Phase I drilling program at La Tigra has been designed using the data acquired from extensive surface mapping, sampling and trenching programs. This work has defined a 3.5 km long structural corridor with stacked northwest striking structures. These stacked veins and breccias will allow some holes to test multiple targets. Drill targets will be methodically tested and, as new assay data is acquired and incorporated into the Project database, additional drilling will be undertaken The structures at La Tigra dip at 40⁰ to 45⁰ and holes 1 and 2 were drilled at -45⁰ and hole 3, -53⁰. As such the true width of the intersections are approximately +90% of the intersected length.
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