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Sierra Metals Inc.
Summary
| Project: | Cusi | |
|---|---|---|
| Deposit: | Cusi | |
| Location: | Mexico | |
| Commodities: | Silver-Gold-Lead-Zinc | |
| Date: | 4/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 13-4-2017: Sierra Metals Inc. announces a Resource Estimation report for its Cusi deposit at the Cusi project. Updated Mineral Resource estimate for Cusi Mine. Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (“Sierra Metals” or “the Company”) has updated its Min | |
| Resources: | (Resource): 1.99Mt @ 237g/t Ag (Ind.) and 1.2Mt @ 305g/t Ag (Inf.) at project | |
| CP/QP: | [Resources]: Matthew Hastings (SRK Consulting (US) Inc.) | |
| ABSTRACT: | Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (“Sierra Metals” or “the Company”) has updated its Mineral Resource Estimate at the Company’s Cusi Mine, located in Chihuahua State, Mexico. The updated Mineral Resource Estimate disclosed herein is the result of drilling programs completed between January 2014 and January 2017. This review does not include any data from the 15,000-metre drilling program that was focused on the high-grade Santa Rosa de Lima zone. Drilling in this area is based on a new conceptual interpretation of the Santa Rosa de Lima structure at the Cusi Mine. This interpretation is based on exploration drilling of the NW-SE regional structural system and demonstrates that mineralization is consistent across the assessed area. Management are encouraged that through exploration programs such as this one it will demonstrate that there is a strong potential for further structural extensions of high-grade zones at the Company’s Cusi Mine. Currently management are executing a high priority definition drilling program to convert the current drilled resource into a measured and indicated category. Once drilling results are available an update addendum will be completed on this area. Management anticipates the completion of this work will occur in the second half of the year. As noted in previous releases, the Company is aggressively pursuing a NYSE MKT listing which will allow the Company to access a larger pool of Investors and enhance the Company's Investor visibility and share trading liquidity. The Company expects the NYSE listing to take place in the near future. | |
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