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Sierra Metals Inc.
Summary
| Project: | Bolivar Mine | |
|---|---|---|
| Deposit: | Bolivar Mine | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper-Zinc | |
| Date: | 4/3/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 3-4-2019: Sierra Metals Inc. announces an Exploration/Drilling Update report for its Bolivar Mine deposit at the Bolivar Mine project. Drilling results incl. 20.15m @ 1.16g/t Au, 0.02% Zn, 1.32% Cu, 15g/t Ag from 678.75m. Toronto, ON – April 3, 2019 – Sie | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gordon Babcock (Internal) | |
| ABSTRACT: | Toronto, ON – April 3, 2019 – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) announces positive results from a recent drilling program designed to test the continuity and characteristics of geophysical anomalies identified in a recent Titan 24 Geophysical Survey. The areas drilled had been deemed as high-value targets within the Bolivar West zone, located at the Bolivar Mine, Chihuahua, Mexico. The Bolivar Mine is situated within the Piedras Verdes Mining District, located within the major north-northwest trending Sierra Madre Precious Metals Belt which extends across the states of Chihuahua, Durango, and Sonora in northwest Mexico. Drilling has identified and defined a new zone named West Extension to the Bolivar West zone which is an extension of the Bolivar West structure and is within close proximity to the Bolivar West zone with similar characteristics. Alonso Lujan, Vice President of Exploration, stated: “The areas tested in the Titan 24 survey demonstrated an excellent relationship between chargeability and the structures. Based on those results, the Company continued to test these areas with drilling programs. This has resulted in the definition of a new structure which demonstrates the continuity of previously defined wide, high-grade, copper structures. The Company plans to drill an additional six to seven holes, approximately 2,500 meters, within this area in 2019. Depending on success further holes and drilling could be added. Further to the success at the West Extension, the potential for further extensions to the North of this zone remains open.” | |
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