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Sierra Madre Drilling Intersects 4.35 Meters of 309 g/t AgEq & 2.5 Meters of 296 g/t AGEQ at the New Taunas Discovery at Tepic Project, Nayarit
VANCOUVER, BC / ACCESSWIRE / August 15, 2023 / Sierra Madre Gold and Silver Ltd. (TSXV:SM)(OTCQX...
About this update from Sierra Madre Gold & Silver Ltd.
[{"type":"text","content":"Sierra Madre Drilling Intersects 4.35 Meters of 309 g/t AgEq & 2.5 Meters of 296 g/t AGEQ at the New Taunas Discovery at Tepic Project, NayaritVANCOUVER, BC / ACCESSWIRE / August 15, 2023 / Sierra Madre Gold and Silver Ltd. (TSXV:SM)(OTCQX:SMDRF) (\"Sierra Madre\" or the \"Company\") is pleased to announce the results of six additional diamond drill holes from the Phase 2 drilling program at its Tepic Silver Gold Project in the State of Nayarit, Mexico. The results for holes TDH0017 through TDH022 are tabulated below:AreaDrill HoleFrom(m)To(m)Interval(m)Silver g/tGoldg/tAgEqg/tTaunasTDH0176.509.002.502091.15296and23.8024.400.601112.06266TDH01824.8525.500.65660.55108Veta TomasTDH019154.50159.354.85840.24101and161.40164.002.60490.3676and167.50177.5510.051580.46193includes167.50171.854.352580.68309includes173.85177.553.701080.40138TDH020122.00123.001.00920.36119TDH02154.3555.501.1581.39112TDH02246.6548.952.30241.35125Length-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 offGregory K. Liller, Executive Chairman and Chief Operating Officer commented, \"The drilling program at Tepic continues to deliver strong drill intercepts. The Veta Tomas vein continues to be extended and I am especially pleased with the Taunas holes. These are the first 2 holes on a previously unrecognized target and are located approximately 2km north east of the historic resource area.\"There is no record of the previous operator having conducted work on the eastern side of the Project and much of the area is covered by a thin layer of colluvium. First pass mapping and reconnaissance sampling by the Company's geologic team has resulted in the delineation of the Taunas structure.Taunas has a strike length in excess of one kilometre and consists of a core quartz vein/breccia structure, with widths of up to 15 metres, surrounded by a silicified and stockwork zone with argillic alteration.The following map shows the locations of the 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 NI 43-101 compliant resource. The Tepic Pr...