Tuesday 20th November 2018

Resource Clips

Sierra Madre, Riverside report Mexico Gold Assays of 0.82 g/t over 88.4m

Resource Clips - essential news on junior gold mining and junior silver miningSierra Madre Developments Inc TSXV:SMG in joint venture with Riverside Resources Ltd TSXV:RRI announced results from their Penoles Project in Durango State, Mexico. Assays include

0.82 g/t gold over 88.4 metres
(including 1.69 g/t over 33.5 metres)
0.6 g/t over 90.7 metres
(including 1.03 g/t over 37.5 metres)
0.41 g/t over 108.4 metres
(including 0.79 g/t over 13.1 metres
1.4 g/t over 33.9 metres
(including 2.1 g/t over 15.6 metres)
0.68 g/t over 61.3 metres
(including 1.52 g/t over 14.4 metres)

Sierra Madre has the right to earn up to a 70% interest in the project. Sierra Madre may earn the initial 51% by issuing Riverside three million Sierra shares at a minimum of $0.50 per share, paying $2.85 million to Riverside and underlying concession holders and spending $3 million in exploration within 24 months of the March 2011 agreement.

View Company Profile

Sierra Madre Developments Inc
Carl von Einsiedel

Riverside Resources Inc
Joness Lang
Corporate Communications Manager
or Kaley Reid
Corporate Communications

by Greg Klein

Share |

View All: News Stories