Gold-in-Soil Results Highlight Exciting New Targets at Sierra's Glitra and Sat Properties
Gold-in-Soil Results Highlight Exciting New Targets at Sierra's
Glitra and Sat Properties
SURREY, BC
,
Aug. 31, 2021
/CNW/ -
Sierra Grande Minerals.
(the "
Company
" or "
Sierra
") (CSE: SGRO) (OTCQB: SIERF) (FSE:
F91Q) The company is pleased to announce that it has received the results for its previously announced soil geochemistry programs at its Glitra
and Sat prospects in
Western Nevada
. The Glitra/Sat prospects are located in
Pershing County
, western
Nevada
, in the Seven Troughs Range
of the Farrell Mining District, which hosts numerous historical and modern–day mineral occurrences.
Program Summary
A total of 1,805 soil geochemical samples were collected on the Company's four west-central
Nevada
properties, Glitra, Sat,
Betty East
, and
B&C Springs, located in the northern part of the Walker Lane trend. The aim of the recently completed work at each property was to provide
complete soil geochemical coverage via wide-spaced sampling (50 to 100 metres between samples along lines separated by 100 to 200
metres). The lines were oriented to cross known mineralized and/or altered trends at high angles, and preliminary analyses for gold pathfinder
elements (e.g., As and Sb) along with base metals (e.g., Cu, Pb, Zn) were obtained through use of a portable XRF (pXRF) instrument while field
work was underway. Further details regarding the location, access, infrastructure, previous work and geologic characteristics, along with results
of due diligence rock geochemical sampling from the three properties were given in the Company's news release dated
April 13, 2021
.
Highlighted Results
At Glitra, a promising +1km north-northeast trending mineralized and altered zone with a pronounced epithermal Au-Ag-As-Hg signature, and
ranging in width up to 150 to 200 metres, was identified (
see figure 1
).
Consistently high gold-in-soil results along the NNE trend, including values of
1460, 1400, 987 and 718 ppb gold
A total of 467 samples collected, with
58 samples returning values > 100 ppb gold
An
additional 77 claims
staked by Sierra along this NNE trend increasing the size of the Glitra property
5 fold
At Sat, strong soil sampling results also appear to outline a north-northeast trending anomalous zone, or zones, with a pronounced Au-Hg-
As-Ag signature that most likely follows structurally-controlled epithermal mineralized and altered zones (
see figure 2
).
Highlighted gold-in-soil values along this trend include values of
905, 529 and 345 ppb gold
A total of 355 samples collected, with
31 samples returning values > 100 ppb gold
An
additional 19 claims
were staked along this north-northeast trend, roughly
doubling the size of the Sat property
Sierra's President and CEO
Sonny Janda
commented "The results from our soil sampling programs are very encouraging and demonstrate the
potential for exciting new discoveries at Glitra/Sat. Follow up phase two exploration will include geologic mapping, ground IP and airborne
magnetic surveys and, ultimately, first pass RC drilling to test the most prospective of these targets. Additionally we look forward to releasing
the soil geochemistry results from our other two projects, B&C Springs and
Betty East
, as they become available."
Program Details
The Glitra and Sat properties abut Waterton Global Resource Management's Wildcat property on its west and east side, respectively, and are
separated by approximately three kilometres. The Wildcat Property hosts an historical 43-101 compliant resource of 1.1 million oz Au
(1)
. Lying
between the Glitra and Sat properties, and surrounded by the southern part of the Wildcat property claims, is another small "inlier" of Sierra's
claims known as the Orbit claims.
(1) 38,108,300 tons at 0.5625 g/t Au for 679,800 oz Au indicated category. 28,354,600 tons at 0.469 g/t Au for 435,600 oz Au inferred category (Mine Development Associates, 2003)
Glitra
The soil geochemical sampling on the northerly-trending Glitra property has outlined a promising north-northeast trending mineralized and altered
zone with a pronounced epithermal Au-Ag-As-Hg signature (467 samples collected). This anomaly appears to outline a minimum strike length of
greater than one km, and at the center of the trend, over a previously trenched area known as the "Glitra Saddle," detailed soil geochemical
contour lines were run with spacings of approximately 10 metres between samples. There the soil geochemical anomaly shows consistently high
results over a width of as much 150 or 200 metres, with gold values ranging to a high of 1460 ppb. Farther north, the zone may or may not be as
well developed, because samples collected along the apparent trend on the steep lower slopes of Stonehouse canyon returned somewhat mixed
results for Au, Ag and As. There, the suggestion is that colluvium may have partially covered a mineralized and altered trend and diluted the
geochemical signature in soils.
To the southeast of the main Glitra Saddle zone, the soil geochemical sampling highlights similar Au-Ag-As-Hg highs that are suggestive of
branching and/or subparallel zones to that at Glitra Saddle. These are best displayed in the As and Hg data and clearly merit follow-up soil
sampling, prospecting and mapping. An additional 77 claims have been staked to cover both the southward extent of the main north-northeast to
north-trending Glitra Saddle trend, which remains open.
Sat
On the Sat claims, the results of soil sampling (355 total samples collected), as at Glitra, appears to outline a north-northeast trending
anomalous zone, or zones, with a pronounced Au-Hg-As-Ag epithermal signature that most likely represents structurally-hosted mineralized and
altered zones. Individual samples within the main zone lie not far from the boundary between pediment and range, and may trend south-
southwestward across the lower reaches of Stonehouse canyon. At Sat, gold values in soil ranged up to 904 ppb. The results validate those of
previous explorers and are exciting in that they suggest the possible continuation of the zone(s) beneath post-mineral cover, both in the pediment
and also perhaps in bedrock. An additional 19 claims were added to the Sat claim block.
Next Steps
The soil geochemical sampling at the Glitra and Sat properties confirmed the presence of near-surface gold- and silver-bearing zones, both of
which display continuity along promising strike-lengths and at least locally significant widths.
Next steps for the Glitra and Sat properties include geologic mapping, a ground-based Induced Polarization (IP) survey, airborne magnetometer
surveying, prospecting, and possibly some follow-up soil geochemical sampling, with the aim of developing clear targets for first pass RC
drilling.
Figure 1. Glitra plan view with highlighted gold-in-soil results
Figure 1. Glitra plan view with highlighted gold-in-soil results (CNW Group/Sierra Grande Minerals Inc.)
Figure 2. Sat plan view with highlighted gold-in-soil results
Figure 2. Sat plan view with highlighted gold-in-soil results (CNW Group/Sierra Grande Minerals Inc.)
Technical data pertaining to this new release was reviewed and approved by Charles J. "Charlie" Greig, MSc., P.Geo., a qualified person under
National Instrument 43-101.
ON BEHALF OF THE BOARD
"Sonny Janda"
___________________
Sonny Janda
, Director
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian
Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain statements that constitute "forward-looking information" within the meaning of applicable securities law,
including without limitation, statements that address the timing and content of certain agreements and development. Forward-looking
statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such
estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant
business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to
fund its projects and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently
anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include
Covid-19 restrictions, market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals,
and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the
Company's filings with the Canadian securities regulators for information on these and other risk factors, available at
www.sedar.com
.
Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not
to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements
included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable
securities legislation."
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For further information:
please contact Sonny Janda, Director, Telephone: 604-357-3741 or at [email protected]
CO: Sierra Grande Minerals Inc.
CNW 08:30e 31-AUG-21