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Sierra Metals Inc.
Summary
| Project: | Cusi | |
|---|---|---|
| Deposit: | Cusi | |
| Location: | Mexico | |
| Commodities: | Silver-Gold-Lead-Zinc | |
| Date: | 12/29/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 29-12-2017: Sierra Metals Inc. announces a Resource Estimation report for its Cusi deposit at the Cusi project. Updated Mineral Resource increases indicated and measured by 129%. Toronto, ON – December 29, 2017 – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) ( | |
| Resources: | (Resource): 362Kt @ 268g/t AgEq (Mea.), 4.195Mt @ 267g/t AgEq (Ind.) | |
| CP/QP: | [Resources]: Giovanny Ortiz (SRK Consulting (US) Inc.) | |
| ABSTRACT: | Toronto, ON – December 29, 2017 – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“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 August 2017. Subsequent to the cut-off date of August 31, 2017 the updated Resource statement includes additional 48,684 metre drilling program that was focused on the high-grade Santa Rosa de Lima zone and Promontorio. The Company believes that the Santa Rosa de Lima zone demonstrates strong potential for further structural extensions of high-grade zones at the Company’s Cusi Mine. Conversion of some of the higher grade to measured and indicated resources has been the priority for the Cusi exploration efforts. A Technical Report prepared by SRK Consulting (U.S.) Inc. in accordance with NI 43-101 standards of disclosure has been completed and will be filed on SEDAR within 45 days of this news release. “Sierra’s management team is extremely pleased with the significant increases realized in the measured and indicated resource, and the increase in inferred resources reported in this resource estimate for the Cusi Mine” stated Igor Gonzales, President and CEO of Sierra Metals Inc. | |
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