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Sierra Madre Drilling Intersects 6.35 Metres Grading 424 g/t AgEq & 6.05 Metres Grading 470 g/t AgEq in Drill Hole 14 at Tepic Project, Nayarit, Mexico
VANCOUVER, BC / ACCESSWIRE / May 5, 2022 / Sierra Madre Gold and Silver Ltd. (TSXV:SM)(OTCQ...
About this update from Sierra Madre Gold & Silver Ltd.
[{"type":"text","content":"Sierra Madre Drilling Intersects 6.35 Metres Grading 424 g/t AgEq & 6.05 Metres Grading 470 g/t AgEq in Drill Hole 14 at Tepic Project, Nayarit, MexicoVANCOUVER, BC / ACCESSWIRE / May 5, 2022 / Sierra Madre Gold and Silver Ltd. (TSXV:SM)(OTCQB:SMDRF) (\"Sierra Madre\" or the \"Company\") is pleased to announce the results of the last four drill holes from the first round of exploration drilling at its Tepic Silver/Gold Project in the State of Nayarit, Mexico.Highlights include 3.85 meters grading 656 g/t AgEq and 2.30 meters grading 1,070 g/t AgEq, both in hole TDH014.The results for holes TDH013 to TDH016 are tabulated below:AreaHoleFrom (m)To (m)Int (m)Ag g/tAu g/tAgEq g/t*Veta TomasTDH01361.465.353.95174.81.13260Includes61.462.91.50418.52.67619TDH01420.126.456.35351.80.96424includes20.123.953.85543.91.50656and61.567.556.05332.51.848470Includes61.563.82.30786.53.781,070TDH01522.624.21.60433.03.30680TDH01655.558.152.65105.20.53145and85.987.41.50260.00.37287Length-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, \"I continue to be very pleased with the results of the first exploration holes we have completed at Tepic. These holes were designed to test areas adjacent to and outside of the areas that were volumetrically included in historic resource estimations. Two things stand out to me; 1) all holes drilled thus far had +75 g/t silver intersections and 2) the weighted average grade of these intersections is 301 g/t AgEq. This average grade is better than previous drilling in the same structures and may reflect improved core recovery. All this bodes well for the project's expansion potential and I am excited to start the next go around of drilling at Tepic.\"As planned, both drill rigs have now been moved to the company's La Tigra gold silver project, also located in Nayarit, where the maiden drilling program is underway. The data from the Tepic drill holes is being incorporated into the project's 3-D database and model to plan the continuation of the Phase 2 drilling at Tepic. Drill pads have already been constructed on the Taunas targets to drill the first test holes within the newly discover...