Sierra Madre Gold and Silver Starts Drill Program in East District of La Guitarra in Mexico

MT newswire2026/11/05 17:58

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01:58 PM EST, 11/05/2026 (MT Newswires) -- Sierra Madre Gold and Silver (SM.V) started a 30,000-meter drill program in the East District of the Guitarra silver-gold mine complex in Estado de Mexico, Mexico, it said in a statement on Thursday. The company's detailed mapping has delineated multiple vein systems with a total strike length of over 39 km. It added that initial drilling from Tlacotal will target the Magdalena and Los Locos vein systems and consist of 11 holes with projected target depths in excess of 1,000 meters each, Sierra Madre said. Sierra Madre also said that mill throughput for October 2026 averaged 751 tonnes per day, a 50% increase from the previous 500 tpd nameplate capacity. Shares of the company were last seen down 3% at CA$1.29 on the TSX Venture Exchange. Price: 1.24, Change: -0.09, Percent Change: -6.77

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