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Sierra Madre Drilling Intersects 3.05 metres Grading 743 g/t AgEq & 4.5 metres Grading 402 g/t AgEq at the Tepic Project, Nararit, Mexico
VANCOUVER, BC / ACCESSWIRE / April 27, 2022 / Sierra Madre Gold and Silver Ltd. (TSXV:SM)(OT...
About this update from Sierra Madre Gold & Silver Ltd.
[{"type":"text","content":"Sierra Madre Drilling Intersects 3.05 metres Grading 743 g/t AgEq & 4.5 metres Grading 402 g/t AgEq at the Tepic Project, Nararit, MexicoVANCOUVER, BC / ACCESSWIRE / April 27, 2022 / Sierra Madre Gold and Silver Ltd. (TSXV:SM)(OTCQB:SMDRF) (\"Sierra Madre\" or the \"Company\") is pleased to announce the results of additional drill holes from the Phase 2 drilling program at its Tepic Silver/Gold Project in the State of Nayarit, Mexico. The results for holes TDH008 through TDH012 are tabulated below:AreaHoleFrom (m)To (m)Int(m)Ag g/tAu g/tAgEq g/tVeta TomasTDH008112.5119.156.65210.51.06290Includes114.0115.51.5524.02.47709Dos Hornos 2TDH0098.012.54.5263.81.85402Includes9.511.01.5740.02.37918Veta TomasTDH01078.1581.23.05625.41.60743Astasis 2TDH01127.028.51.5185.50.26205TDH01233.034.51.5110.00.23127Length-weighted averages from uncut assaysIntervals reported are hole lengths with true width estimated to be 90% or greater*Gold silver ratio used to calculate AgEq is 75 g/t Ag to 1 g/t Au75 g/t AgEq external cut OffTo date all 12 holes for which assays have been received have intersected silver and gold mineralization using a +75 g/t AgEq external cutoff. Ten of the twelve holes were designed to test up dip or strike extensions of known structures outside of the volumes used in the historical resource estimations. Two holes have tested new targets over 2 kilometers away from the historic resource area.Gregory K. Liller, Executive Chairman and Chief Operating Officer commented, \"I am very pleased that all of the holes drilled to date have returned positive results. I find Holes TDH010 and TDH011 to be very important. The Astasis structures are essentially blind targets covered by very young basalts. A very small erosional window in a gully is the only natural exposure. I find the fact that the first two holes hit +75 g/t AgEq intercepts to be highly encouraging. Additional drilling at Astasis is currently being planned\"The maps below show the locations of the drill holes:The Phase 2 drill program has been designed to test extensions of the previously defined breccia/vein structures, test newly defined targets and infill the existing drill pattern in order to facilitate the estimation of an updated NI43-101 compliant resource. The Tepic project is a +2,600 hectare project where the previous operator completed 149 core holes totaling mor...