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Sierra Metals Inc.
Summary
| Project: | Bolivar Mine | |
|---|---|---|
| Deposit: | Bolivar Mine | |
| Location: | Mexico | |
| Commodities: | Copper-Silver-Gold | |
| Date: | 12/31/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 31-12-2019: Sierra Metals Inc. announces a Resource Estimation report for its Bolivar Mine deposit at the Bolivar Mine project. Updated mineral resource estimate. Toronto, ON – December 31, 2019 – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: S | |
| Resources: | (Resource): 11.63Mt @ 1.17% CuEq. (Ind.) and 16.69Mt @ 1.16% CuEq. (Inf.) | |
| CP/QP: | [Resources]: Cliff Revering (SRK Consulting (Canada) Inc.) | |
| ABSTRACT: | Toronto, ON – December 31, 2019 – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) has updated its Mineral Resource at the Company’s Bolivar Mine, located in Chihuahua State, Mexico. The updated Mineral Resource Estimate disclosed herein is the result of drilling programs completed between November 2017 and September 2019, as well as production data up to September 2019; this Mineral Resource update includes 13,698 metres of infill drilling and 41,553 metres of exploration drilling. Subsequent to the cut-off date of September 30, 2019 the updated Resource statement does not include approximately 1,377 metres infill drilling and 4,149 metres exploration drilling some of which is in the process of being drilled with an aim to further expand the resources and reserves at the Bolivar mine. These additional infill and exploration drill meters completed after the September 30, 2019 cut-off date will be included in the next Mineral Resource and Reserve update. Work has already commenced on the next updated Mineral Resource and Reserve Update for the Bolivar Mine which is expected to be released before the end of Q1 2020. The update will not only include additional drilling completed during Q4 2019 but will also take advantage of new information which will be provided from an additional litho-structural model. | |
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