Saturday, August 23, 2025

Latest

Sierra Madre Nears Completion Of Drill Program, Begins Trenching Program

Sierra Madre Gold and Silver Ltd. (TSXV: SM) this morning provided an update on recent activities at its Tepic Silver Gold project in Nayarit, Mexico. The company reported on trenching and drilling activities underway at the site.

Phase 1 drilling commenced on April 15th, and is reportedly budgeted for 2,000 meters. The program consists of 20 drill holes with more than 80% of the meterage having been drilled. Sierra Madre anticipates completing the program sometime next week, with the company preparing a drill permit for a phase two program that is to consist of an additional 100 to 200 holes.

Phase 1 Trenching activities have commenced inside of the central project area and are budgeted to consist of 2,000 meters under a planned 2,700 meters trenching program. The purpose of the program is to provide surface data on previously drilled vein and breccia structures to evaluate and plan for newly found structures that are to be included in phase two.

Sierra Madre also reported the discovery of a new vein in the eastern project area striking to the north-east. The company is mapping out and extracting samples to be sent to the laboratory for assessment.

Sierra Madre Gold and Silver Ltd. last traded on the TSX Venture at $0.85.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Aya Gold Q2 Earnings: Production Slips Amid Ramp Up

i-80 Gold Q2 Earnings: Better, But Not Great

Artemis Q2 Earnings: Strong Start For A New Operator

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Kingman Minerals Plans Drill Campaign For Mohave Gold Property

Kingman Minerals (TSXV: KGS) this morning announced that it is currently preparing a drill campaign...

Wednesday, June 3, 2020, 10:20:29 AM

Warren Buffet Buys 20.9 Million Shares of Barrick Gold, Sells Remainder of Stake in Goldman Sachs

It appears that Barrick Gold (TSX: ABX) (NYSE: GOLD) has a lot of reason to...

Friday, August 14, 2020, 07:11:47 PM

Why Gold Futures Are Not In Line With Spot Prices

It appears that even gold markets are not immune to the effects of a global...

Tuesday, March 24, 2020, 09:52:01 PM

New Found Gold Drills 150.28 g/t Gold Over 11.50 Metres At Lotto Zone

New Found Gold (TSXV: NFG) continues to report strong drill results from its Queensway Project...

Wednesday, June 23, 2021, 07:59:16 AM

Inca One Gold: Gold Prepayment Facility Expected To Continue To Drive Results

When it comes to the gold market, presently, headwinds are rather less than exciting. With...

Sunday, September 19, 2021, 03:39:00 PM