Sierra Madre Gold and Silver has received authorisation for a modification of land use concerning the Tlacotal property, which is situated within the East District of the La Guitarra complex in Estado de Mexico, Mexico.
The company has also executed land purchase agreements encompassing the Tlacotal permit area and an adjacent 33.1 hectares.
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Sierra Madre has secured an option to acquire private lands located to the south-west of the existing tailings impoundment facility (TFS), in addition to the lands associated with the current TFS, referred to as the Lopez Extension.
The property is secured through a lease lasting 30 years, with the option to buy to be exercised upon receiving ownership transfer documents.
Sierra Madre CEO Alex Langer said: “Receiving authorisation for the Tlacotal land use change provides us with optionality for future mine development pathways in the East District. The land purchase agreements over the Lopez Expansion Area are also conductive to starting a permitting process for an expansion of the current tailings facility.”
Sierra Madre chief operating officer and chair Greg Liller said: “We are very pleased with the land use authorisation and expanded land holdings.
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By GlobalData“These two milestones support the vision of building out a production centre at the East District concessions. Drilling is on schedule to start in the second half of 2026, with 20,000–25,000m planned.”
The Lopez option to purchase (OTP) encompasses the existing TFS and neighbouring private lands to the south.
Simultaneously with the signing of the OTP, the lease agreement for the private land located beneath the existing TFS has been extended for another 30 years.
Sierra Madre is investigating the potential for permitting an expansion of this TFS in the region situated between the utility easement and the active tailings area.
The area to the south-east of the utility easement is being assessed for its potential use as the primary security entrance to the mine and for employee parking.
In 2025, Sierra Madre commenced underground development at the Nazareno silver and gold mine, part of the La Guitarra silver-gold complex in Estado de Mexico.
