Maiden Drilling Program At La Tigra Project In Mexico

VANCOUVER - Sierra Madre Gold and Silver Ltd. reported the commencement of its maiden drilling program at its La Tigra Gold Silver project, located in Nayarit, Mexico. The La Tigra project consists of seven Mining Concessions, totaling 357 hectares, covering the historical high-grade mines in the Districto Minero Del Tigre. Servico Geologico Mexicano (SGM), a department of the Mexican Federal Secretaria de Economia, reports the historic grade of material derived from the La Tigra mine between 1983 and 1991 was 10 g/t gold and 358 g/t silver. This is the first ever drill program undertaken within the district.

Greg Liller, Executive Chairman and COO, said, "Drilling is underway on the first hole. The Phase I drilling program at La Tigra has been designed using the data we acquired from our extensive surface mapping, sampling and trenching programs. This work has defined a 3.5 km long structural corridor with stacked northwest striking structures. These stacked veins and breccias will allow some holes to test multiple targets giving us more value for our exploration expenditures. Drill targets will be methodically tested and, as new assay data is acquired and incorporated into the project database, additional drilling will be undertaken. Maiden drilling programs are always exciting, and this one even more so, as these will be the first ever holes drilled in the district.”