SURREY, BC, Sept. 13, 2021 /CNW/ - Sierra Grande Minerals Inc. (the "Company" or "Sierra") (CSE: SGRO) (OTCQB: SIERF) (FSE: F91Q) is pleased to announce that it has received the results for its previously announced soil geochemical programs at its Betty East prospect in Western Nevada. Betty East lies near the southern end of the Manhattan Mining District, immediately north of Huntsman Exploration's Baxter Springs project and less than 20km south along trend from Kinross Gold's tier 1 Round Mountain mine (see Figure 1).
Figure 1. Regional Setting for the Betty Springs property plan (CNW Group/Sierra Grande Minerals Inc.)
Figure 2. Gold-in-soil results for the Betty Springs property. (CNW Group/Sierra Grande Minerals Inc.)
Figure 3. Silver-in-soil results for the Betty Springs property. (CNW Group/Sierra Grande Minerals Inc.)
Figure 4. Arsenic-in-soil results for the Betty Springs property. (CNW Group/Sierra Grande Minerals Inc.)
A total of 1,805 soil geochemical samples were collected at the Company's four west-central Nevada properties, Glitra, Sat, Betty East, and B&C Springs, which are located in the northern part of the Walker Lane trend. The aim of the recently completed work was to provide complete soil geochemical coverage via wide-spaced sampling (50 to 100 metres between samples along lines separated by 100 to 200 metres). The lines were oriented to cross known mineralized and/or altered trends at high angles, and preliminary analyses for gold pathfinder elements (e.g., As and Sb) along with base metals (e.g., Cu, Pb, Zn) were obtained through use of a portable XRF (pXRF) instrument while field work was underway. Further details regarding the location, access, infrastructure, previous work and geologic characteristics, along with results of due diligence rock geochemical sampling from all of the properties were given in the Company's news release dated April 13, 2021.
Highlighted Results at Betty East
Two prospective trends are apparent in the soil geochemical data. One, known as "The Knolls," trends northerly, has been explored previously and displays a pronounced epithermal Au-As-(Ag-Hg). The other is a newly-emerging and more extensive trend. It trends east-northeastward from the Knolls and displays an Ag-As-Sb-Hg-Mo (Zn-Cu-W) signature (see figure 2, 3 and 4).
The Knolls trend has locally very high gold-in-soil results, including values of 6270, 5060, 1185 and 690 ppb gold, within an envelope of anomalous gold and arsenic-in-soils (see Figures 2 and 4).
The newly emerging east-northeast trend is extensive (>1.5km long by up to 1km wide) and displays elements of both epithermal and intrusive-related signature, with highly anomalous As-Hg-Ag-Sb-Mo, along with locally elevated gold and consistently elevated Zn-Cu-W. This trend appears to link up with the Knolls anomaly in the southwest part of the property.
An additional 12 claims were staked by Sierra along this east-northeast trend, increasing the size of the Betty East Property package to 653 acres.
Sierra's President and CEO, Sonny Janda, commented, "The results of our soil geochemical program at Betty East are very encouraging and confirm the existence of gold-bearing structures at the Knolls prospect. Perhaps most intriguing, however, is the broad, apparently east-northeast trending multi-element soil geochemical anomaly to the northeast of the Knolls. We are excited to further investigate and evaluate this area in the coming months."
Next Steps for Betty East
The nature and full extent of the broad multi-element soil geochemical anomaly northeast of the Knolls will be a focus for the Company in the coming months, initially through mapping, prospecting, rock sampling and possibly further soil geochemical sampling. Plans for the Knolls area include an Induced Polarization (IP) survey, and a number of reconnaissance IP lines may also be run across the anomaly to the northeast. A property-scale airborne magnetometer survey is also being considered.
Technical data pertaining to this new release was reviewed and approved by Charles J. "Charlie" Greig, MSc., P. Geo., a qualified person under National Instrument 43-101.
ON BEHALF OF THE BOARD
"Jared Scharf" _________________________ Jared Scharf, Director
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, statements that address the timing and content of certain agreements and development. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include Covid-19 restrictions, market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company's filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation."
SOURCE Sierra Grande Minerals Inc.
on the Company, please contact Sonny Janda, Director, Telephone: 604-357-3741 or at [email protected]
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