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Sierra Metals Inc.
Summary
| Project: | Yauricocha | |
|---|---|---|
| Deposit: | Cuye-Mascota, Esperanza North | |
| Location: | Peru | |
| Commodities: | Silver-Copper-Lead-Zinc-Gold | |
| Date: | 5/1/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 1-5-2017: Sierra Metals Inc. announces an Exploration/Drilling Update report for its Cuye-Mascota, Esperanza North deposit at the Yauricocha project. Drilling results incl. 68.9m @ 1.43% Cu, 3.28% Zn, 0.1% Pb, 0.7g/t Au, 32.5g/t Ag from 281.7m. Toronto, O | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gordon Babcock (Not stated) | |
| ABSTRACT: | Toronto, ON – May 1, 2017 – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (“Sierra Metals” or “the Company”) today announced the discovery of a new high-grade oxides zone, referred to as the Esperanza North zone, which is located between the Esperanza zone and Cachi-Cachi Mine. The Company also announced drilling results which demonstrate the extension of the high-grade sulfide zone, referred to as the Cuye-Mascota zone which was discovered in November 2016. This zone is located 200 meters north of the central mine area, along strike from current mining activities. The new discovery and extension 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. All drilling that has taken place will be included in an upcoming Mineral Resource and Reserve Estimate report that is expected to be published for the Yauricocha Mine in the fourth quarter of 2017. Drilling for the new Esperanza North zone took place from the Yauricocha tunnel which is located on the 720 level as the company drilled between limestone (Jumasha) and Granodioritic intrusive with an objective of identifying the contact face. The Cuye orebody had been previously mined up from surface to the 870m level horizon of the Yauricocha mine and it used to be one of the main cashflow generators 10 years ago at Yauricocha. The orebody historically was predominantly a copper sulfide deposit which shrank to only many small structures below the 870 level. | |
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