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Sierra Metals Inc.
Summary
| Project: | Cusi | |
|---|---|---|
| Deposit: | Cusi | |
| Location: | Mexico | |
| Commodities: | Silver-Gold-Lead-Zinc | |
| Date: | 6/29/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 29-6-2017: Sierra Metals Inc. announces a Resource Estimation report for its Cusi deposit at the Cusi project. Amended Technical Report for Mineral Resource estimate at Cusi Mine. This report was prepared as a National Instrument 43-101 (NI 43-101) Techni | |
| 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: | This report was prepared as a National Instrument 43-101 (NI 43-101) Technical Report (Technical Report) on Resources for Sierra Metals, Inc. (Sierra Metals) by SRK Consulting (U.S.), Inc. (SRK) on the Cusi Mine, Mexico (Cusi or The Mine). The purpose of this report is to present the methods and results of the current mineral resource estimate for the Cusi Mine. The Cusi Mine property is held by Sierra Metals, formerly known as Dia Bras Exploration, Inc., through subsidiary companies Dia Bras Mexicana S.A. de C.V. and EXMIN S.A. de C.V. (collectively Dia Bras). It is located within the Abasolo Mineral District in the municipality of Cusihuiriachi, state of Chihuahua, Mexico. The property is 135 kilometers from Chihuahua city by car and consists of 73 mineral concessions (11,664.6 hectares) wholly owned by Sierra Metals. Included in these concessions are six historic Ag-Pb producers developed on several vein structures: the San Miguel mine, La Bamba open pit, La India mine, Santa Eduwiges mine, San Marina mine, and Promontorio mine, as well as exploration concessions around the historic mine areas. Sierra Metals holds surface rights to an area of 1,020 hectares located generally within the area where Sierra Metals holds mineral concessions. Sierra Metals’ area of surface rights includes the access points to the Promontorio and Santa Eduwiges underground mines that are in operation, as well as surface rights over all resource areas delineated in this report, with the exception of La India. | |
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