For thousands of other reports visit RSC's Mineral Intellingence Map
Sierra Metals Inc.
Summary
| Project: | Yauricocha | |
|---|---|---|
| Deposit: | Cuye Zone | |
| Location: | Peru | |
| Commodities: | Silver-Copper-Lead-Zinc-Gold | |
| Date: | 2/7/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-2-2018: Sierra Metals Inc. announces an Exploration/Drilling Update report for its Cuye Zone deposit at the Yauricocha project. Drilling results incl. 99m @ 12g/t Ag, 0.01% Pb, 1.48% Cu, 0.05% Zn, 0.7g/t Au from 337.3m. Toronto, ON – February 7, 2018 – | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gordon Babcock (Internal) | |
| ABSTRACT: | Toronto, ON – February 7, 2018 – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) today announced drilling results demonstrating new limestone replacement mineralization at the Cuye Zone extension located within the Central Mine at Yauricocha. To date, 14 holes have been executed from the 1070 level of the Yauricocha Mine in the Cuye area. These holes have intercepted polymetallic sulphide mineralization containing high-grade silver, zinc, copper and lead zones over significant widths. These results demonstrate the potential for high-grade mineralization within the reported area and more importantly indicate the continued existence of extensive mineralization at depth. These results come as part of an ongoing brownfield drilling program testing priority targets at the Yauricocha Mine, which is located 150 kilometers east-southeast of Lima in the Yauricocha Mining District (Cordillera Occidental), Peru. Igor Gonzales, President and CEO of Sierra Metals stated: “Today’s results represent the existence of high-grade polymetallic mineralization at the Northern extension of Cuye, and continue to build on previous releases from the Cuye zone suggesting the possibility of even further mineralization at depth specifically from the copper sulphide orebodies which contain significant widths as shown in figure 5.” He continued, “The Central Mine area contains several high-grade mineralized areas opening the possibility to further discoveries of additional orebodies along the Yauricocha fault. The Company made a strong commitment to brownfield exploration with several significant new discoveries in 2017 and remains committed to brownfield exploration with an aggressive plan in 2018 on targets within close proximity to our existing operations. Results such as the ones released today continue to demonstrate that these investments are paying off with the potential to further grow our mineral resources and add high-value tonnage.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report