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Sierra Metals Inc.
Summary
| Project: | Yauricocha | |
|---|---|---|
| Deposit: | Cachi-Cachi | |
| Location: | Peru | |
| Commodities: | Silver-Copper-Lead-Zinc-Gold | |
| Date: | 8/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 24-8-2017: Sierra Metals Inc. announces an Exploration/Drilling Update report for its Cachi-Cachi deposit at the Yauricocha project. Drilling results incl. 30.2m @ 10.0g/t Ag, 0.04% Pb, 0.02% Cu, 5.05% Zn, 0.20g/t Au from 166.8m. Toronto, ON – August 24, | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gordon Babcock (Internal) | |
| ABSTRACT: | Toronto, ON – August 24, 2017 – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) today announced drilling results from the Escondida zone situated within the Cachi-Cachi Mine, which is located 1,000 meters north of the Central Mine. Escondida is one of several limestone replacement mineralized zones demonstrating the existence of new mineralized areas within the Cachi-Cachi Mine. Escondida is located within the northern extension of the Esperanza Orebody demonstrating that mineralization from Esperanza continues to the north, and is still open to depth and along strike. To date 10 holes have been completed from 870 level of the Cachi-Cachi Mine, and have intercepted polymetallic sulphide mineralization and oxide zones containing high grade silver, zinc and lead with significant widths in zones of mineralized skarns that were not previously found at Yauricocha. These results come as part of an ongoing brownfield drilling program that is testing priority targets at the Yauricocha Mine, located 150 kilometers east-southeast of Lima in the Yauricocha Mining District (Cordillera Occidental), Peru. Alonso Lujan, Vice President of Exploration at Sierra Metals commented: “The results to date at Cachi-Cachi demonstrate mineralized sectors with high grade oxides and sulphides consisting primarily of silver, lead and zinc as show in Table 1 below. The potential still exists for further extensions within the Cachi-Cachi Mine which is still open to depth and along strike. The Company will continue exploration on this area from the 1070 level. It is important to highlight that mineralization at depth at Escondida widens, which opens an exciting exploration potential of this discovery at depth as well as for other orebodies which are part of the Cachi Cachi mine” | |
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