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Sierra Madre Announces Commencement of the Maiden Drilling Program at La Tigra Project, Nayarit, Mexico
VANCOUVER, BC / ACCESSWIRE / April 4, 2022 / Sierra Madre Gold and Silver Ltd. (TSXV:SM)(OTC...
About this update from Sierra Madre Gold & Silver Ltd.
[{"type":"text","content":"Sierra Madre Announces Commencement of the Maiden Drilling Program at La Tigra Project, Nayarit, MexicoVANCOUVER, BC / ACCESSWIRE / April 4, 2022 / Sierra Madre Gold and Silver Ltd. (TSXV:SM)(OTCQB:SMDRF) (\"Sierra Madre\" or the \"Company\") is pleased to announce commencement of its maiden drilling program at its La Tigra Gold Silver project, located in Nayarit, Mexico. The La Tigra project consists of seven Mining Concessions, totaling 357 hectares, covering the historical high-grade mines in the Districto Minero Del Tigre. Servico Geológico Mexicano (SGM), a department of the Mexican Federal Secretaria de Economia, reports the historic grade of material derived from the La Tigra mine between 1983 and 1991 was 10 g/t gold and 358 g/t silver. This is the first ever drill program undertaken within the district.La Tigra drilling will focus primarily on areas defined by the ongoing trenching program.Results of the trenching program previously released are tabulated below:AreaTrenchFromToInt (m)Au g/tAg g/tAuEqEl Tigre Foot WallLTZ010.08.68.61.44101.58El TigreLTZ020.019.719.70.4660.54LTZ02E0.018.018.00.3710.38Combined37.70.4230.46El Tigre Hanging WallLTZ030.011.611.61.2271.30includes6.010.34.32.52102.70El CacoloteLTZ047.820.612.81.4591.57Includes15.320.65.33.22353.69El CacoloteLTZ 05Gap in main vein zone due to shaft, currently sampling to sideZapolitoLTZ069.013.94.90.4630.49ZapolitoLTZ073.814.811.01.0311.05includes9.811.82.04.1324.15El VerdeLTZ084.516.512.02.8552.91includes12.016.54.56.9487.05El VerdeLTZ090.06.16.10.9811.00El CaminoLTZ100.024.224.21.5931.63Includes15.019.74.75.5845.64El TigreLTZ110.022.922.91.7861.85Includes5.212.37.12.2072.30and14.320.96.63.4243.48or15.319.44.14.6934.73Notes:Intervals reported are Trench lengths with true width estimated to be 90% or greaterLength-weighted averages from uncut assays*Gold silver ratio used to calculate AuEq is 75 g/t Ag to 1 g/t AuGreg Liller, Executive Chairman and COO of Sierra Madre states, \"Drilling is underway on the first hole. The Phase I drilling program at La Tigra has been designed using the data we acquired from our 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 giving us m...