Sierra Growth Corp. Samples 26.6 g/t Au and 78.6 g/t Ag from Mildred Mine Area; Sets the Stage for Upcoming Exploration
For Immediate Release
Sierra Growth Corp. Samples 26.6 g/t Au and 78.6 g/t Ag
from Mildred Mine Area; Sets the Stage for Upcoming Exploration
Delta, British Columbia, April 13, 2021, Sierra Growth Corp. (the “Company” or “Sierra”) (CSE: SGRO)
(OTC: SIERF) (FSE: F9IQ) is pleased to announce the results from due diligence property evaluations in which
grab/character samples were collected from its newly acquired properties in Nevada (collectively “the
Projects”). All three properties, Glitra/Sat, Mildred/B&C Springs, and Betty East, were held for over twenty
years by the underlying rightsholders.
Highlights
• Mildred Mine area
o grab and character sampling yielded a grab sample running 26.6 g/t Au and 78.6 g/t Ag
o another sample running 667 g/t Ag (21.4 ounces per tonne) and 0.41 g/t Au
o most other samples contain elevated base metal contents (copper to 6.3%, zinc to 8.36% and
lead to 3.06%) and “pathfinder” elements (e.g., bismuth, tellurium, and tungsten) along with
anomalous gold and silver (Table I).
• Glitra/Sat property
o All sixteen samples collected yielded strongly anomalous results for gold , silver, assorted
epithermal gold pathfinders (e.g., arsenic, antimony, and bismuth), and along with the extensive
gold-in-soil geochemical anomaly at Sat and the presence of widespread silver-gold epithermal
mineralization on adjacent properties, the results are suggestive of excellent potential (Table II).
• Betty East
o Consistently elevated values for epithermal precious metals system pathfinder elements such as
arsenic, bismuth, and antimony, along with values of up to 0.53 g/t Au and 646 g/t Ag (20.8
ounces per tonne), the results are suggestive of the presence of a high-level epithermal system
(Table III).
*Note that grab samples are selective samples and not necessarily representative of mineralization on the
Company’s properties.
Sonny Janda, President and CEO , states, “Based on historic and recent results and the setting of the Properties
within well documented, high-value gold-silver mineralized trends, management believes that the next phases of
exploration will delineate high quality exploration targets and that the property package has excellent potential
for discovery of a material mineral deposit.”
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).
1. https://kinrossworld.kinross.com/en/location/round-mountain/ (Mineralization hosted on adjacent and/or nearby
properties is not necessarily representative of mineralization hosted on the Company’s properties.)
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. B&C Springs hosts a historical but non-NI 43-101 compliant molybdenum-copper resource
of approximately 100 million tons at a grade of 0.048% molybdenum and 0.07% copper that lies at depth (Tribe
2007). Historical workings are ubiquitous across the property, and on the contiguous Mildred property, precious
metals mineralization within the host sedimentary rocks is associated with calc-silicate horizons, fault zones and
dikes of probable Tertiary age . The possibility that a secondary epithermal event has overprinted an earlier
porphyry/skarn mineraliz ing 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 and 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 on the Company’s properties.)
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
Page 4 of 3
Next Steps
Starting in April 2021, Sierra will commence Phase I of its proposed systematic work program on the properties,
beginning at the Glitra/Sat project, proceeding to Mildred/B&C Springs, and continuing to Betty East. The initial
exploration work will begin with soil geochemistry (initially using a portable XRF) , prospecting, and
reconnaissance geological mapping. Should the results of the Phase I work prove encouraging, it will likely be
succeeded by airborne magnetic and ground -based induced polarization (IP) geophysical surveys in a second
phase. Phase I work is expected to take approximately three to four weeks of field work. The ultimate objective
will be to delineate targets for follow-up with first-pass RC drilling.
Investor Relation Services
The Company has entered into a 3 -month agreement with Apaton Finance GmbH of Hannover, Germany to
provide investor relations services. The Company will pay 8,500 euros per month, and the contract is extendable
if the Company so elects.
Stock Option Issuance
The Company has granted a total of 1,570,000 incentive stock options to certain directors, officers, employees
and consultants of the Company pursuant to the Company's Stock Option Plan. The options are exercisable at
$0.25 per share and expire two (2) years from the date of grant. A portion of the grant was issued to Apaton
Finance GmbH which performs IR services for the Company and will be subject to a statutory vesting period.
Technical data pertaining to this new release was reviewed and approved by Charles J. “Char lie” Greig, MSc.,
P.Geo., a qualified person under National Instrument 43-101.
Table I. Rock sample geochemistry--B&C Springs and Mildred properties.
Sample Project/Zone Au
(g/t)
Ag
(ppm)
Cu
(ppm)
Pb
(ppm)
Zn
(ppm)
As
(ppm)
Bi
(ppm)
Hg
(ppm)
Mo
(ppm)
Sb
(ppm)
Te
(ppm)
W
(ppm)
D009957 B&C Springs <0.01 3.5 65.2 427 1130 27 6.72 0.07 17.1 11.9 0.19 13.15
D009958 B&C Springs 2.8 89.3 43.9 3450 12300 64.9 100.5 2.62 412 9.22 2.98 20.5
D009956 B&C Springs 0.03 3.79 1830 448 566 3430 3.59 0.89 27.1 176.5 0.2 0.36
D009955 B&C Springs 0.01 23.3 17400 7.1 458 27.6 2.41 0.72 18.65 17.3 0.11 13.85
875071 Mildred <0.01 0.18 22.1 47.7 1160 3.7 0.09 0.01 1.87 1.92 0.03 2.18
875075 Mildred 26.6 78.6 4260 713 4840 133 165.5 7.23 123.5 4.95 5.5 113
875076 Mildred 0.41 667 22000 30600 83600 64.5 1260 4.27 712 11.45 36.4 510
875073 Mildred 0.16 142 63500 555 15100 8 891 3.22 44.6 2.17 8.03 60.4
875072 Mildred 0.1 222 8.8 23600 48500 9.7 464 1.88 15.25 1.9 15.8 300
875074 Mildred 0.05 11.9 1120 656 9620 28 28.5 2.1 110.5 13.5 1.49 167.5
875077 Mildred 0.03 10.2 1270 206 21400 18.1 13.2 1.86 68.9 3.57 0.61 50.8
875070 Mildred 0.01 23.8 10400 1305 18050 5 11.1 1.59 20.3 2.72 0.76 81.4
Table II. Rock sample geochemistry--Glitra and Sat properties.
Sample Project/Zone Au
(g/t)
Ag
(ppm)
Cu
(ppm)
Pb
(ppm)
Zn
(ppm)
As
(ppm)
Bi
(ppm)
Hg
(ppm)
Mo
(ppm)
Sb
(ppm)
Te
(ppm)
W
(ppm)
R875062 Glitra 0.48 0.83 38.6 4.5 8 326 0.1 0.07 5.18 2.24 0.07 0.1
R875059 Glitra 0.42 1.07 15.2 5.6 35 480 0.26 0.09 5.25 6.13 0.04 0.12
R875058 Glitra 0.34 1.17 5.4 2.9 16 64.6 0.05 0.08 13 1.88 0.09 0.23
R875066 Glitra 0.34 1.37 8.9 8.9 23 435 0.05 0.24 17.65 6.4 0.04 0.34
R875064 Glitra 0.31 0.62 6.1 3.1 8 40.4 1 0.01 4.99 0.76 0.21 0.12
R875057 Glitra 0.22 2.89 11.5 8.1 33 73.3 4.89 0.03 19.65 1.67 0.21 0.2
D009967 Glitra 0.21 1.5 22.9 22.3 24 48.2 0.09 0.08 4.72 10.6 0.06 0.06
Page 5 of 3
R875060 Glitra 0.19 0.49 17.5 4.9 73 221 0.06 0.08 3.31 2.66 0.03 0.05
R875067 Glitra 0.19 0.6 4.5 2.7 13 64.2 0.03 0.01 7.14 0.84 0.01 <0.05
R875065 Glitra 0.17 0.36 3.6 1.2 3 6.1 0.2 0.01 4.13 0.35 0.08 <0.05
R875055 Glitra 0.16 1.23 5.9 3.3 15 50.3 0.69 0.01 8.8 1.23 0.08 0.1
D009965 Glitra 0.16 1.41 22.4 28.4 44 166 0.38 0.35 3.06 9.97 0.09 0.15
D009966 Glitra 0.12 0.73 22.7 12.6 25 76.6 0.06 0.03 1.11 3.84 0.02 0.1
R875063 Glitra 0.09 4.88 13.6 24.5 15 478 25.9 0.15 8.05 3.74 0.41 0.29
R875056 Glitra 0.07 6.06 38.5 8.9 44 150.5 11.2 0.03 12.65 1.43 0.56 0.38
R875069 Sat <0.01 0.04 12.3 1.3 41 1.4 0.03 0.02 2.14 0.15 <0.01 0.36
R875068 Sat 0.61 8.69 3.7 7.3 13 335 0.1 6.66 7.08 54.2 <0.01 0.69
Table III. Rock sample geochemistry--Betty East property.
Sample Project/Zone Au
(g/t)
Ag
(ppm)
Cu
(ppm)
Pb
(ppm)
Zn
(ppm)
As
(ppm)
Bi
(ppm)
Hg
(ppm)
Mo
(ppm)
Sb
(ppm)
Te
(ppm)
W
(ppm)
R875079 Betty E <0.01 0.03 17.5 1.7 250 245 0.04 0.03 7.81 4.31 0.01 0.4
D009960 Betty E <0.01 0.17 43.9 19.4 41 176 0.25 0.01 41 10.75 0.04 0.45
D009963 Betty E <0.01 0.26 101 2.8 15 439 0.3 0.02 2.33 8.39 0.24 2.11
D009964 Betty E 0.53 646 6590 8750 608 2550 13.85 23.9 31.9 3880 19.85 0.16
D009962 Betty E 0.31 0.84 60.7 21.1 13 292 19.05 0.01 3.23 11 0.54 0.08
D009959 Betty E 0.1 1.57 108.5 39.1 86 5230 2.66 0.03 3.55 22.4 0.13 0.3
R875078 Betty E 0.03 0.31 9.9 3.7 3 442 0.45 0.02 3.19 0.79 0.08 0.19
R875080 Betty E 0.03 29 36100 49.1 5560 1220 0.9 8.12 9.83 502 0.31 0.6
R875081 Betty E 0.03 7 188.5 8.2 247 569 0.52 3.91 16.85 162 0.18 0.14
D009961 Betty E 0.01 0.19 41.2 11.4 52 202 1.16 0.01 0.85 2.47 0.01 0.09
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.”