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Sierra Metals Inc.
Summary
| Project: | Yauricocha | |
|---|---|---|
| Deposit: | Esperanza | |
| Location: | Peru | |
| Commodities: | Silver-Copper-Lead-Zinc-Gold | |
| Date: | 10/24/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 24-10-2016: Sierra Metals Inc. announces an Exploration/Drilling Update report for its Esperanza deposit at the Yauricocha project. Drilling results incl. 22.1m @ 1.03% Cu, 17.43% Zn, 7.56% Pb, 0.35g/t Au, 154g/t Ag from 90.20m. Toronto, ON – October 24, | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gordon Babcock (Internal) | |
| ABSTRACT: | Toronto, ON – October 24, 2016 – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (“Sierra Metals” or “the Company”) today announced the results of its continuing drill program targeting the maiden discovery of its new high grade sulfide zone, referred to as the “Esperanza” zone, located 400 metres north of the central mine area and 100 metres along strike from current mining activities. The results reveal the zone is open on strike and at depth and comes as part of an ongoing drill program at this high priority target at the Yauricocha Mine located 150 kilometers southeast of Lima in the Yauricocha Mining District (Cordillera Occidental), Peru. The company continues with the exploration, development and definition drill program on the Esperanza ore body from the 1070 level of the mine which is the deepest level in the mine. The program continues to realize intercepts at depth (100 meters below previously drilled holes) in two holes drilled at -50 degree angles as well as with five horizontal holes providing evidence of increased mineralization at the 1070 level. Drilling will continue from the 1070 level horizon with additional flat holes to the south of hole D-ESP-05 as well with additional inclined holes at depth. The current program reports seven holes drilled with assay results from ALS Minerals Laboratories. The program identified the continuance of the orebody on the 1070 level with an intermittent strike length of 150 meters with widths varying from 2m to sections in excess of 20 meters with zones of lead and zinc sulfide mineralization as well as zones of predominantly copper sulfide mineralization. At depth, mineralization continues below the 1170 level horizon. The current drill program has, in addition to intercepts at the Esperanza zone, also intercepted new “Cuerpos Pequenos” ore bodies with high grade lead, zinc, silver values (one such zone is noted in TABLE 1 and identified as the “Millet” zone). | |
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