Sierra Madre Reports 12.8 Metres Grading 1.57 G/T AuEq; Including 5.3 Metres Grading 3.69 G/T AuEq at LA Tigra Project, Nayarit, Mexico
SIERRA MADRE REPORTS 12.8 METRES GRADING 1.57 G/T AUEQ; INCLUDING 5.3 METRES
GRADING 3.69 G/T AUEQ AT LA TIGRA PROJECT, NAYARIT, MEXICO
Vancouver, British Columbia – November 16, 2021 – Sierra Madre Gold and Silver Ltd. (TSXV:
SM) ("Sierra Madre" or the "Company") is pleased to announce the results of the first four
trenches at its La Tigra project located in the State of Nayarit, Mexico. Trench intercepts are
summarized in the table below.
La Tigra Trench Intervals
Structure Trench From To Int Au Ag AuEq
El Tigre Foot Wall LTZ01 0 8.6 8.6 1.44 10 1.58
El Tigre LTZ02 0 19.7 19.7 0.46 6 0.54
El Tigre Hanging
Wall
LTZ03 0 11.6 11.6 1.22 7 1.3
includes 6 10.25 4.25 2.52 10 2.7
El Tigre LTZ04 7.8 20.6 12.8 1.45 9 1.57
Includes 15.3 20.6 5.3 3.22 35 3.69
Notes:
1. Intervals reported are Trench lengths with true width estimated to be 90% or greater
2. Length-weighted averages from uncut assays
3. *Gold silver ratio used to calculate AuEq is 75 g/t Ag to 1 g/t Au
Gregory K Liller, Sierra Madre’s COO states, “I am very pleased to see our La Tigra trenching
program is off to a good start. These first four trenches, together with the previously released
reconnaissance sampling, confirm our view that the Districo del Tigre has significant gold and
silver potential. No methodical modern exploration program has ever been conducted in the
district and the entire team is excited by the initial results.”
Trenches LTZ01 to LTZ03 started in gold-silver mineralization and are currently being extended
so as to determine the full width of the economically interesting zone. Trench locations are
shown in the following map.
Trenching was conducted manually using picks and shovels, and continuous channel samples
were cut with a portable rock saw and then cleaned out with chisels. The following photo
shows a typical sample cut.
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 for 30 gram gold fire assay and multi -element
analyses by 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 informa tion contained in this news
release. Mr. Smith has verified the technical and scientific data disclosed herein.
About the Company
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:
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", "i s 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 t he 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 report 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.