Exploration Progress and Drilling Program at Endowment Mine

Sierra Nevada Gold (ASX:SNX) has announced significant progress in its exploration activities at the Blackhawk Epithermal Project in Nevada, USA. The company is set to commence a multi-hole RC drill program in early October 2024, following the completion of a LiDAR survey of the accessible underground workings of the Endowment Mine. This survey has provided a precise 3D model of the historic mine, enhancing the company's understanding of the vein and structure morphology and relationships, and positively impacting future exploration drill targeting.

Executive Commentary on Exploration Progress and Drilling Plans

The recent LiDAR survey has been instrumental in refining our understanding of the Endowment Mine's geological model, allowing for improved accuracy in locating and rectifying underground historical maps. This progress is crucial as we prepare to commence the upcoming drilling program in early October 2024. The high-grade silver intercepts associated with lead-zinc-gold demonstrate the potential for extremely valuable polymetallic-silver ore, further underlining the significance of our exploration efforts in this area.

Exploration Progress Summary and Outlook

Sierra Nevada Gold's (ASX:SNX) recent LiDAR survey at the Endowment Mine has provided valuable insights that will guide the upcoming multi-hole RC drill program scheduled to commence in early October 2024. The company's identification of a large and high-grade intermediate sulphidation epithermal Ag-Au-Pb-Zn vein system, along with the potential for extremely high-value polymetallic-silver ore, underscores the promising nature of the Blackhawk Epithermal Project. With the project covering about 5km2 and remaining open under cover to the north and northeast, Sierra Nevada Gold is well-positioned for further exploration and potential discoveries in this highly prospective mineral-rich region.