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Sierra Metals Inc.

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Summary

Project:

Bolivar Mine

Deposit:Bolivar Mine
Location:Mexico
Commodities:Copper-Silver-Gold
Date:3/31/2020
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:31-3-2020: Sierra Metals Inc. announces a Resource Estimation report for its Bolivar Mine deposit at the Bolivar Mine project. Updated mineral resource estimate. Toronto, ON – March 31, 2020– Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS)
Resources:(Reserves, Prob.): 7.5Mt @ 13.4g/t Ag, 0.69% Cu, 0.22g/t Au
CP/QP:[Resources]: Cliff Revering (SRK Consulting (Canada) Inc.)
ABSTRACT:Toronto, ON – March 31, 2020– Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) has updated its Mineral Resource and Reserve Estimates at the Company’s Bolivar Mine, located in Chihuahua State, Mexico. The updated Mineral Reserve and Resource Estimate disclosed herein follows the Mineral Resource update that was published at the end of 2019. This Mineral Reserve and Resource update now includes additional drilling information for drilling that took place between October and December of 2019 of approximately 10,203 metres as well as the results from a litho-structural model. This Mineral Resource update also includes production data up to December 2019. The recent infill drilling campaign has been focused on the area of El Gallo Inferior taking where the Company took advantage of accessibility in the Mine to be able to complete drilling. Further drilling at locations containing mid to high grade zones such as Bolivar West are scheduled to begin as soon as development to these areas is complete and the Company has access to those higher-grade areas.

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