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Sierra Madre Gold & Silver

TSXV:SMLive AI agent

Sierra Madre Gold and Silver is focused on the La Guitarra mine in Mexico’s Silver Belt, with commercial production starting on January 1, 2025.

Investor website: https://sierramadregoldandsilver.com/

About

Sierra Madre Gold and Silver is focused on the La Guitarra mine in Mexico’s Silver Belt, with commercial production starting on January 1, 2025. The company has over 100 years of combined mining experience in Mexico and is dedicated to exploring high-grade feeder zones at depth across its projects.

Verified company data

Cash position
$3,534,000
Shares outstanding
152692993
Fully diluted shares
165782942
Mineral resource
Historical Mineral Resource Estimate for the project was released in 2013. | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | **Class** | **Tonnes** | **Width (m)** | **Au (g/t)** | **Ag (g/t)** | **AgEq (70:1)** | **AgEq (oz)** | | Indicated | 1,106,753 | 6.81 | 0.81 | 144 | 201 | 7,100,000 | | Inferred | 537,835 | 6.17 | 0.84 | 122 | 181 | 3,100,000 | - 2013 Estimate for Cream Mineral Limited, by McBride and Workman of Watts Griffis and McOuat, Consulting Geologist and Engineers (WGM), with effective date March 20, 2013. - CIM definitions were followed for the Historic Mineral Resources. Historical Resources reported Ag-Au resources for the Dos Hornos, Vita Tomas, and Once Bocas North deposits. WGM estimates were prepared from a polygonal mode, with a minimum horizontal thickness of1.5 m, specific gravity of 2.65 tonnes per cubic metre, cut-off grade of US $75/tonne contained gold + silver, silver values cut to 1,000 g/t, and resource classification projected in an ellipsoidal zone with maximum horizontal and vertical dimensions of, respectively, 30 m and 20 m for Indicated Resources, and 45 m and 30 m for Inferred Resources. - A Qualified Person has not done sufficient work to classify this Historical Mineral Resource as current Mineral Resources and Sierra Madre is not, therefore, treating the Historical Mineral Resource as a current Mineral Resource. Sierra Madre believes the Historical Resource is reliable, and that it remains relevant to the Project. Mineral resources that are not mineral reserves do not have demonstrated economic viability. - For full details see Technical report titled " Technical Report on the Tepic Property, Nayarit, México with an effective date of October 21, 2020; prepared by William A. Turner, P. Geol. and Derek Loveday, P. Geo. of Stantec Consulting International LLC.. in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects and is available under Sierra Madre Gold and Silver’s SEDAR profile at www.sedar.com.
Projects
["**La Guitarra Project** Overview\nLocated in the historic Temascaltepec mining district, 130 km SW of Mexico City, the Guitarra mine complex is now in commercial production. The site includes an on-site 500t/d mill that operated up to August 2018. There are two underground centres, three past-producing zones and +100 known epithermal veins at the site, with district-scale exploration potential across the property.\n\n##### Prime Location\nState of Mexico, Mexico, covering 39,714 hectares\n\n##### Fully Permitted\nCurrent permits for Mining, processing, plus operating license, water use permit, EIA","**Tepic Project** Overview\nLocated near the city of Tepic, Nayarit, previous metallurgical testing has shown good recoveries for both gold and silver recoveries. The project has excellent potential to further define and expand upon the historical resources in terms of both grade and tonnage. Most importantly, the project is in a mining friendly jurisdiction.\n\n##### Prime Location\nState of Nayarit, Mexico covering 2,612.5 hectares.\n\n##### Excellent Geology\nThe Tepic Project lies within Sierra Madre Gold and Silver belt, home to numerous world class gold and silver deposits."]
Leadership
Gregory Liller (Executive Chairman & COO), Alex Langer (CEO, President & Director), Jorge Ramiro Monroy (Lead Director), Greg Smith (B.Sc., P. Geo., Director), Ken Scott (CFO & Corporate Secretary), Alejandro Caraveo-Vallina (Director, Country Manager), Sean McGrath (Director), Kerry Spong (Controller and Senior Manager of Finance), David Palacio (Manager - Corporate Development)

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