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Sierra Madre Gold & Silver Ltd

TSXV:SM

Mexico-focused precious metals exploration and development company

Overview

  • The Company has the following projects: Tepic project based in Nayarit State and La Tigra, both are low sulphidation epithermal silver and gold deposits 150km apart

  • Tepic Project Nayarit is a historic mining district within the prolific Sierra Madre Occidental gold and silver belt. 

  • Former flagship asset of Cream Minerals and has a historic resource of 1.64mnt at 194g/t AgEq while previous met test work demonstrates the potential for strong recoveries.

  • Several zones of potential mineralisation discovered through reprocessing of historic work and a modern systematic exploration approach with mapping, sampling and trenching yielding a mineralised corridor of at least a 1km long and 200m wide. 31km of historic core are housed in a coreshed close to site.  

  • In September the Company announced the completion of an initial drilling programme at  La Tepic  which consisted of 21 Reverse Circulation drillholes, totaling 2,136 meters

  • La Tigra Project In July 2021 the Company acquired La Tigra Project in a form of joint venture with the property’s owner Industrial Minera Mexico S.A. de C.V. The project consists of 7 Mining Concessions. La Tigra project is located 148 km north of the Tepic project. Historical mining reported at 10g/t Au and 300g/t Ag.

  • Immediate exploration programme to commence with systematic mapping and sampling in the context of historic data to identify new targets and expand known areas of mineralisation with future drilling.

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Share Price

Reserves & Resources

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