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Sierra Madre Drilling Intersects 32 Metres of 1.05 G/T AuEq During Maiden Drilling Program at the La Tigra Project, Nayarit, Mexico
VANCOUVER, BC / ACCESSWIRE / May 24, 2022 / Sierra Madre Gold and Silver Ltd. (TSXV:SM)(OTC...
About this update from Sierra Madre Gold & Silver Ltd.
[{"type":"text","content":"Sierra Madre Drilling Intersects 32 Metres of 1.05 G/T AuEq During Maiden Drilling Program at the La Tigra Project, Nayarit, MexicoVANCOUVER, 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 drill intersections are tabulated below:TargetHoleFrom(m)To(m)Length(m)Aug/tAgg/tAuEqg/t*El CaminoLTDH0010.009.009.000.469.20.58Includes0.004.504.500.6818.30.92and44.4051.006.600.496.10.58El Tigre NorthLTDH00225.4030.505.102.2123.72.52Includes28.2030.502.303.5234.73.99El Tigre MineLTDH00310.0042.0032.001.003.81.05Includes11.0015.004.003.031.03.04and27.3531.804.452.727.22.82or29.0531.302.254.1710.04.30 Length-weighted averages from uncut assays*Gold silver ratio used to calculate AuEq is 1 g/t Au to 75 g/t AgLength is calculated using a 0.15 AuEq external cut offGreg Liller, the Company's COO observes \"These are the first holes drilled in the Districo del Tigre and thus far we have hit encouraging shallow mineralization in all of them. I am particularly impressed with Hole 3, intersecting 32 metres of 1.0 g/t gold, as we had estimated the overall El Tigre mine zone to be somewhat narrower, in the range 10 to 12 metres. Holes 4 and 5 are currently away for assay and holes 6 and 7 are currently being drilled.\"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 undertakenThe 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.The following map shows the location of the holes.Sabra ConcessionDue to the positive results of exploration activities, the Company is pleased to announce that it has filed for an additional mining c...