Sierra Completes Soil Geochemistry Programs at its Nevada Properties
For Immediate Release
Sierra Completes Soil Geochemistry Programs at its Nevada Properties
Delta, British Columbia, May 25, 2021, Sierra Growth Corp. (the “Company” or “Sierra”) (CSE: SGRO)
(OTC: SIERF) (FSE: F9IQ) is pleased to announce that it has completed soil geochemistry programs over all 3
of its Nevada projects: Glitra/Sat, Mildred/B&C Springs and Betty East.
Program Summary
Previously announced fieldwork was recently completed at Sierra’s 3 properties, Glitra-Sat, Betty East, and B&C
Springs-Mildred, located in the northern part of the Walker Lane trend of west-central Nevada. The focus of the
work was on soil geochemistry, with totals of 813, 332, and 645 soil geochemical samples collected from the
Glitra-Sat, Betty East, and B&C Springs-Mildred properties, respectively. Including blank samples submitted for
QA/QC, a total of 1 ,805 soil geochemical samples were submitted. The aim on each property was to provide
more or less complete coverage of the properties via wide-spaced sampling (50 to 100 metres between samples)
along lines oriented across known mineralized and/or altered trends separated by 100 to 200 metres. 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 instrument. This approach appears to have highlighted both known trends and a
number of new areas worthy of follow-up. Complete assay results from this soil geochemistry program via gold
fire assay and multi-element ICP are expected to be received from ALS’s laboratory in Reno within approximately
one month, and will be released following compilation and interpretation in light of what is known of the historical
exploration at each property.
Sonny Janda, President and CEO, commented, “The completion of this program is an important step. Collecting
the baseline data for these properties is a precursor to advancing to the drill-testing stage. We look forward to
releasing results as they are available. In addition to the ongoing exploration at our existing prospects, we continue
to evaluate other opportunities in the region with the aim of building a regional land package in western Nevada.”
Next Steps
Should results from the recently completed soil geochemistry program prove encouraging, it will likely be
succeeded by geological mapping and prospecting, along with airborne magnetic and ground -based induced
polarization (“IP”) geophysical surveys in a second phase of exploration, leading to the ultimate objective of
delineating targets for first-pass reverse circulation (“RC”) drilling.
About the Nevada Projects
Mildred/ B&C Springs
The Mildred claims, the historical Mildred mine, and the nearby B&C Springs property are located in the southern
Paradise Range in west -central Nevada, within the Fairplay Mining District , which is readily accessible from
nearby Hawthorne or Tonopah via highways and well-maintained gravel roads and off -road trails ( Figure 1).
Exploration at B&C Springs was previously focused on skarn and vein occurrences hosting molybdenum, copper,
and silver, which were interpreted to be genetically associated with Triassic-Jurassic intrusions such as the nearby
Buzzard Peak stock. Historic al workings are ubiquitous across the property, and on the contiguous Mildred
property, precious metals mineralization within the host sedimentary rocks is associat ed with calc -silicate
1. https://kinrossworld.kinross.com/en/location/round-mountain/ (Mineralization hosted on adjacent and/or nearby
properties is not necessarily representative of mineralization hosted o n the Company’s properties.)
Page2
horizons, fault zones and dikes of probable Tertiary age . The possibility that a secondary epithermal event has
overprinted an earlier porphyry/skarn mineralizing event will be evaluated. The area encompassed by the B&C
Springs-Mildred properties total approximately 1,450 acres.
Glitra/Sat
The Glitra/Sat claims 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 a nd deposits (Figure 1).
The properties are 45 kilometres northwest of Lovelock, a fully serviced town on Interstate 80, and are accessible
via paved and well‐maintained gravel and dirt roads. Both the Glitra and Sat properties have seen historical small‐
scale mining and limited amounts of modern‐day exploration, most recently in the 1980’s and early 1990’s, when
trenching and limited shallow RC drilling was undertaken . Several known gold showings with attractive
epithermal -style alteration and veining occur on the property. They are commonly associated with felsic dikes
and lie along a mineralized trend that links the historical Seven Troughs mining area immediately south
(Timberline Resources), with the Wildcat property (Waterton Global Resource Management) immediately north.
At Sat, an extensive and high -tenor gold-in-soil geochemical anomaly lies along a sub -parallel trend that was
outlined by previous operators and is similarly associated with epithermal-style alteration and local veining. The
total area encompassed by the Glitra and Sat properties equals roughly 1,130 acres.
Betty East
The Betty East property is located in west-central Nevada, approximately 40 miles north of the town of Tonopah,
in Nye County . The claims, which cover 403 acres, lie at the southern end of the Manhattan Mining District,
immediately north of Liberty Gold’s Baxter Springs project and less than 20 km south of the world class Round
Mountain mine (2020 gold equivalent production of 324,277 ounces , proven and probable reserves as of
December 31, 2020 of 2.245M oz Au , and >15 million ounces of total production 1). Work on the Betty East
property by Nevada Goldfields in the 1990’s outlined a north-northwest trending gold-mineralized zone on the
core claims that coincides with a number of historical pits, shallow shafts, and adits and this trend will be the
initial focus for the Betty East exploration program. The property is readily accessible from Tonopah via state
highway 376 and a network of well-maintained gravel roads.
1. https://kinrossworld.kinross.com/en/location/round-mountain/ (Mineralization hosted on adjacent and/or nearby
properties is not necessarily representative of mineralization hosted o n the Company’s properties.)
Page3
Figure 1. Simplified geologic map of Nevada, showing broad mineralized corridors and locations of the Betty East, Glitra-Sat and
Mildred-B&C Springs properties
Page4
ON BEHALF OF THE BOARD
“Sonny Janda”
Sonny Janda, Director
For further information on the Company, please contact Sonny Janda, Director, Telephone: 604-357-3741 or at
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.”