Surrey, British Columbia, January 18, 2024, Sierra Grande Minerals Inc. (the “Company” or “Sierra”) (CSE: SGRO) (OTC: SIERF) (FF: F91Q) is pleased to report assay results from its polymetallic B&C Springs Project in Nye County, Nevada. The Company would like to add additional information to the sample data reported in its March 23, 2023 press release, noting previously undisclosed elevated silver values.
The gold values for these samples were previously disclosed in the Company’s March 23, 2023 press release. Silver values were not previously reported.
The Company is also releasing sample results from the Ford Wells Mine area, the Mildred Mine area, and the Western Extension (see maps 1, 2 and 3 below):
Sample results by project area:
The reader is cautioned that grab sample assays represent prospecting samples and may not be representative of the grade or width of the mineralization. There is presently insufficient data with respect to the size and extent of the mineralization represented by the sample to determine its significance.
(Site where sample R875073 was taken at the Mildred Mine Area: 0.16 ppm gold, 142 ppm silver, 6.35% copper)
(Site where sample R875098 was taken at the Western Extension Area: 17.35 ppm gold, 495 ppm silver)
Additional Staking
The Company is pleased to announce that it has staked an additional 31 claims at B&C Springs, bringing the total claim block to 337(?) claims. This property expansion ensures that the Company’s claims cover key areas to the south of the historic drilling (see the Company’s November 15th press release for details), and to the north of the magnetic low anomaly (see the company’s March 23rd press release for details). The new claim block is shown on Map 4.
Updated Website
The Company is pleased to announce that it has updated its company website. It can be reached via this link.
Map 1: B&C Springs Samples: Gold Values
Map 2: B&C Springs Samples: Silver Values
Map 3: B&C Springs Samples: Copper Values
QP Statement<
Mr. Shaun M. Dykes, M.Sc. (Eng), P. Geo., Director of the Company, is the designated qualified person for the B&C Springs property and has prepared the technical information contained in this news release.
About the B&C Springs Property
The B&C Springs property consists of 337 unpatented lode claims in the southern Paradise Range in west-central Nevada, within the Fairplay Mining District, which historically is a prolific precious metals mining district. Notably, the Paradise Peak Mine 5.6 miles to the West/Southwest of the B&C Springs Project produced 1.6 million ounces of gold and 24 million ounces of silver from 1986 to 1994. Recent historic drilling at B&C Springs intersected a Mo-Cu-Ag mineralized zone, indicating there is significant base metal potential as well.