Sierra Madre Gold and Silver Ltd

XTSX:SM

Sierra Madre Gold & Silver Ltd. engages in the acquisition, exploration and development of resource properties for the mining of precious or base metals. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2021-04-19. The firm is focused on the acquisition, exploration and development of the Tepic and La Tigra Properties in Nayarit, Mexico. The firm holds an exploration agreement and option to purchase a 100% interest in the Tepic project and a purchase agreement, which includes an option to convert to a joint venture, on the La Tigra project. The Tepic project is located approximately 27 kilometers (km) south-southeast from the city of Tepic, the capital of the State of Nayarit, Mexico. The project consists of about five mining concessions totaling approximately 2,612.5 hectares (ha). The La Tigra project is located approximately 148 km north of the Tepic property in the State of Nayarit, Mexico. The project consists of about seven mining concessions totaling approximately 357 ha covering the mines in the Distrito Minero Del Tigre.