Sierra Madre Opens Third Mine at La Guitarra Complex Sierra Madre Opens Third Mine at La Guitarra Complex
$SM.v | $SMDRF
Sierra Madre has begun underground development at the Nazareno silver-gold mine in Estado de Mexico—its third mining center within the La Guitarra complex.
Over 700 tonnes of mineralized material already delivered to the Guitarra plant, not included in the 2023 resource estimate.
Early grades running 40% higher in silver and 30% higher in gold than modeled.
Development revealed converging veins up to 8m wide, with potential for long-hole mining.
CEO Alex Langer: “Nazareno will be a significant contributor as we more than double plant capacity to 1,000 t/d by Q3 2027.”
Next Steps
Portable Ingertrol Sandy 50 rig acquired to reduce development costs and accelerate drilling.
Drilling planned across Nazareno and central Guitarra to define high-grade silver-gold vein sets.
With commercial production already achieved at La Guitarra and a fully funded expansion plan underway, Sierra Madre is positioning Nazareno as a key growth driver in Mexico’s silver belt.
*Posted on behalf of Sierra Madre Gold and Silver Ltd.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3079-tsx-venture/sm/188219-sierra-madre-announces-nazareno-silver-and-gold-mine-preparing-for-production.html