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
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. (TSX-
V: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:
Area Hole From (m) To (m) Int (m) Ag g/t Au g/t AgEq g/t*
Veta Tomas
TDH013 61.4 65.35 3.95 174.8 1.13 260
Includes 61.4 62.9 1.50 418.5 2.67 619
TDH014 20.1 26.45 6.35 351.8 0.96 424
includes 20.1 23.95 3.85 543.9 1.50 656
and 61.5 67.55 6.05 332.5 1.848 470
Includes 61.5 63.8 2.30 786.5 3.78 1,070
TDH015 22.6 24.2 1.60 433.0 3.30 680
TDH016 55.5 58.15 2.65 105.2 0.53 145
and 85.9 87.4 1.50 260.0 0.37 287
1. Length-weighted averages from uncut assays
2. Intervals reported are hole lengths with true width estimated to be 90% or greater
3. *Gold silver ratio used to calculate AgEq is 75 g/t Ag to 1 g/t Au
4. 75 g/t AgEq external cut off
Gregory 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 discovered area on the eastern
portion of the project.
The following tabulates the drilling completed thus far in the Phase 2 drilling program at Tepic:
Area Hole From(m) To(m) Int(m) Ag g/t Au g/t AgEq g/t*
Dos Hornos 1
TDH001 15.05 22.10 7.05 124.7 0.90 192
TDH002 11.25 14.45 3.20 193.8 1.36 296
and 31.85 43.95 12.10 145.8 0.64 194
Includes 31.85 33.35 1.50 489.0 0.77 546
TDH003 1.35 3.60 2.25 48.1 0.90 115
and 7.05 9.00 1.95 47.3 0.63 95
and 24.00 25.50 1.50 6.7 1.89 148
TDH004 30.15 31.35 1.20 100.0 0.14 111
and 34.00 40.50 6.50 128.4 1.05 207
Includes 34.65 39.25 4.60 156.2 1.20 246
Dos Hornos 2
TDH005 13.50 18.30 4.80 106.0 1.48 217
Includes 14.50 15.90 1.40 141.0 3.54 407
TDH006 6.00 9.25 3.25 101.3 0.21 117
TDH007 57.55 60.10 2.55 878.4 3.04 1106
and 64.95 66.05 1.10 130.0 0.73 185
and 69.00 70.05 1.05 10.7 2.66 210
Veta Tomas TDH008 112.50 119.15 6.65 210.5 1.06 290
Includes 114.00 115.50 1.50 524.0 2.47 709
Dos Hornos 2 TDH009 8.00 12.50 4.50 263.8 1.85 402
Includes 9.50 11.00 1.50 740.0 2.37 918
Veta Tomas TDH010 78.15 81.20 3.05 625.4 1.60 743
Astasis 2 TDH011 27.00 28.50 1.05 185.5 0.26 205
TDH012 33.00 34.50 1.50 110.0 0.23 127
Veta Tomas
TDH013 61.40 65.35 3.95 174.8 1.13 260
Includes 61.40 62.90 1.50 418.5 2.67 619
TDH014 20.10 26.45 6.35 351.8 0.96 424
includes 20.10 23.95 3.85 543.9 1.50 656
and 61.50 67.55 6.05 332.5 1.84 470
Includes 61.50 63.80 2.30 786.5 3.78 1070
TDH015 22.60 24.20 1.60 433.0 3.30 680
TDH016 55.50 58.15 2.65 105.2 0.53 145
and 85.90 87.40 1.50 260.0 0.37 287
1. Length-weighted averages from uncut assays
2. Intervals reported are hole lengths with true width estimated to be 90% or greater
3. *Gold silver ratio used to calculate AgEq is 75 g/t Ag to 1 g/t Au
4. 75 g/t AgEq external cut off
The weighted average grade of the above intercepts, excluding the “Includes” intervals, is 215.0
g/t Ag, 1.14 g/t Au and 301 g/t AgEq. The average width is 3.66 meters. Excluding intercepts
less than 1.8 meters the weighted average is 222.3 g/t Ag, 1.14 g/t Au and 307 g/t AgEq. The
average width increases to 4.80 meters.
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 NI43-101 compliant resource. The Tepic project is a
+2,600-hectare project where the previous operator completed 149 core holes totaling more
than 31,000 meters.
About Sierra Madre
Sierra Madre Gold and Silver Ltd. is a mineral exploration company, currently focused on the
acquisition, exploration and development of the Tepic and La Tigra Properties in Nayarit, Mexico.
The Company has an experienced management team with a proven trac k record of wealth
creation in Mexico through project discovery, advancement, and monetization. Sierra Madre’s
key objective is to advance exploration on the Tepic and La Tigra Properties to determine whether
they contain commercially exploitable deposits of precious or base metals.
On behalf of the board of directors of Sierra Madre Gold and Silver Ltd.,
“Alexander Langer”
Alexander Langer
President, Chief Executive Officer and Director
Contact:
Sierra Madre Gold and Silver Best Practice
Sierra Madre is committed to best practice standards for all exploration and sampling
activities. The Company’s exploration programs have been conducted following CIM Exploration
Best Practice Guidelines which are incorporated by reference in NI 43 -101. A nalytical quality
assurance and quality control procedures include the systematic insertion of blanks, standards
and duplicates into the sample strings. Samples are placed in sealed bags and shipped directly to
Bureau Veritas Lab located in Durango, Mexico or ALS Chemex in Guadalajara, Mexico for 30
gram gold fire assay, Aqua Regia digestion for silver and multi -element analyses by four acid
digestion.
Qualified Person
Mr. Gregory Smith, P. Geo, Director of Sierra Madre, is a Qualified Person as defined by NI 43-
101, and has reviewed and approved the technical data and information contained in this news
release. Mr. Smith has verified the technical and scientific data disclosed herein.
Cautionary Note
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this news release.
This press release contains "forward -looking information" and "forward -looking statements"
within the meaning of applicable securities legislation. The forward-looking statements herein are
made as of the date of this press release only, and the Company does not assume any obligation
to update or revise them to reflect new information, estimates or opinions, future events or results
or otherwise, except as required by applicable law. Often, but not always, forward -looking
statements can be identified by the use of words such as "plans", "expects", "is expected",
"budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets",
"aims", "anticipates" or "believes" or variations (including negative variations) of such words and
phrases or may be identified by statements to the effect that certain actions "may", "could",
"should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information
in this press release includes, but is not limited to, statements with respect plans for the La Tigra
property, including the prospect of preparing a technical re port containing a mineral resource
estimate. Forward -looking statements and information are subject to various known and
unknown risks and uncertainties, many of which are beyond the ability of the Company to control
or predict, that may cause the Company’ s actual results, performance or achievements to be
materially different from those expressed or implied thereby, and are developed based on
assumptions about such risks, uncertainties and other factors set out herein, including, but not
limited to, the risk that the La Tigra Property may not yield the results expected and the general
risk factors related to exploration and development as are set out under the heading "Risk
Factors" in the Company's final long form non-offering prospectus dated March 31, 2021 available
for review on the Company's profile at www.sedar.com. Such forward -looking information
represents management's best judgment based on information currently available. No forward -
looking statement can be guaranteed and actual future results may vary materially. Accordingly,
readers are advised not to place undue reliance on forward-looking statements or information.