Sierra Madre Gol Stock Price, News & Analysis

Sierra Madre Gold and Silver Ltd. (TSXV:SM, OTCQB:SMDRF) announced positive results from its Phase 2 drilling program at the Tepic Silver/Gold Project in Nayarit, Mexico. All twelve drill holes intersected silver and gold mineralization, with notable results including 305 meters grading 743 g/t AgEq and 45 meters grading 402 g/t AgEq. These results validate extensions of known structures and test new targets, suggesting potential for a significant upgrade in the mineral resource estimation. The company plans additional drilling based on these encouraging results.

Sierra Madre Gold and Silver Ltd. has announced positive results from the first seven drill holes of its Phase 2 drilling program at the Tepic Silver/Gold Project in Nayarit, Mexico. Each hole intersected a minimum of three meters with an impressive average of 100 g/t AgEq. Notably, hole TDH006 revealed continuous mineralization, extending the strike-length potential of the well-known Dos Hornos 2 Vein. The company anticipates these findings will significantly enhance the upcoming NI 43-101 resource report, highlighting the project's potential.

Sierra Madre Gold and Silver Ltd. (SMDRF) has launched its first drilling program at the La Tigra Gold Silver project in Nayarit, Mexico, covering seven mining concessions across 357 hectares. Historical data indicates a grade of 10 g/t gold and 358 g/t silver from 1983 to 1991. The Phase I program aims to explore a 3.5 km structural corridor with stacked northwest-striking structures. Two drill rigs are operational, and permits for 30 drill pads have been granted by SEMARNAT, facilitating multiple exploration holes from each pad.

Sierra Madre Gold and Silver Ltd. has announced significant results from its trenching program at the La Tigra project in Nayarit, Mexico. Highlights include:

• 4.7 meters grading 5.64 g/t AuEq in trench LTZ010
• 4.1 meters grading 4.73 g/t AuEq in trench LTZ011

These results indicate a promising outlook for the project's potential. The company also reported additional moderate gold grades in extended trench LTZ02, showcasing the area's ongoing mineralization.

Sierra Madre Gold and Silver Ltd. (OTCQB: SMDRF) announced the mobilization of a second core rig at its Tepic Silver Gold Project in Nayarit, Mexico. This new, portable rig will target undrilled areas identified through a successful trenching program, aiming to enhance exploration efficiency. Following its deployment at Tepic, the rig will proceed to the La Tigra Gold Silver project for Phase 1 drilling. The company's commitment to exploration best practices ensures quality in its sampling and analytical processes.

Sierra Madre Gold and Silver Ltd. (TSXV:SM, OTCQB:SMDRF) announced the receipt of a drilling permit from SEMARNAT for 30 drill pads at the La Tigra Project in Mexico. This allows for multiple exploration holes from each pad and marks a key step towards commencing drilling activities. The company has also formalized surface rights agreements with local landowners, enhancing its operational framework. Director of Exploration, Luis Saenz, expressed satisfaction with progress since work began in July 2021. The company is additionally focusing on community and environmental programs, including school restoration and sanitation improvements.

Sierra Madre Gold and Silver Ltd. (TSXV:SM, OTCQB:SMDRF) announced the initiation of its Phase II drill program at the Tepic Silver Gold project in Nayarit, Mexico. The company has increased its permitted drill pads from 47 to 182, allowing for over 300 potential drill holes. The drilling will focus on areas near historic activities and new targets identified from 2021 data. The company has also secured exploration agreements with surface owners. This initiative is part of a strategy to update the NI 43-101 resource report after completing the drilling program.

Sierra Madre Gold and Silver Ltd. (OTCQB: SMDRF) announced DTC eligibility for its shares, enhancing trading convenience and liquidity in the U.S. market. This move facilitates faster electronic clearing and reduces trading costs, potentially appealing to both existing and new investors. President Alexander Langer expressed confidence that this development will expand their growing U.S. investor base, building on their recent OTCQB listing approval.

Sierra Madre Gold and Silver Ltd. has successfully qualified for trading on the OTCQB Venture Market in the U.S., commencing on December 8, 2021, under the symbol SMDRF. This move aims to enhance liquidity and accessibility for U.S. investors, reflecting growing interest since its TSXV listing. The OTCQB delivers transparent trading and established quality standards for investor confidence. Sierra Madre focuses on exploring its Tepic and La Tigra properties in Mexico, pursuing potential deposits of precious metals.