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Sierra Metals Inc.
Summary
| Project: | Yauricocha | |
|---|---|---|
| Deposit: | Cuye-Mascota | |
| Location: | Peru | |
| Commodities: | Silver-Copper-Lead-Zinc-Gold | |
| Date: | 11/17/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 17-11-2016: Sierra Metals Inc. announces an Exploration/Drilling Update report for its Cuye-Mascota deposit at the Yauricocha project. Drilling results incl. 18.2m @ 4.90% Cu, 0.89% Zn, 0.37% Pb, 0.23g/t Au, 226.45g/t Ag from 324.8m. Toronto, ON – Novembe | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gordon Babcock (Internal) | |
| ABSTRACT: | Toronto, ON – November 17, 2016 – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (“Sierra Metals” or “the Company”) is very pleased to announce the discovery of a new high grade sulfide zone referred to as the “Cuye - Mascota” zone, located 200 meters north of the central mine area along strike and adjacent to current mining activities. The discovery comes as part of ongoing diamond drill brownfield exploration programs testing priority targets at its Yauricocha Mine located 150 kilometers southeast of Lima in the Yauricocha Mining District (Cordillera Occidental), Peru. A total of seven drill holes have been drilled to date on the Cuye - Mascota orebody, which is located at the extreme south end of the Mascota oxide orebody (see plan view). Sierra Metals continues with exploration drilling activities in areas below the Cuye and Mascota ore bodies and will continue to report assay results as they become available. Gordon Babcock, Chief Operating Officer of Sierra Metals commented: “As a result of this drilling program, continued mineralization has been identified in the Cuye - Mascota zone, as well as other important structures such as the extension of the existing Mascota zone. This has provided the Company with important information that had been previously unknown. This new information will be reported in the next resource review conducted by the Company.” The Cuye - Mascota orebody had been previously mined up to and including the 870 level horizon. The orebody was predominantly a copper sulfide deposit which was reduced to many small structures below the 870 level. Exploration carried out during 2011 and 2012 was unsuccessful between the 870 and 1020 level horizon, which was the lowest level that could be drilled at that time. Due to the results of the current development program on the 1070 level, geologists have confirmed that the Cuye - Mascota orebody continues at depth to below the 1270 level, and includes a drill intercept at the 1420 level. Geologists have also identified the transition zone of oxides to fresh lead, zinc and silver sulfide mineralization in this drilling program. | |
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