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Sierra Metals Inc.
Summary
| Project: | Bolivar Mine | |
|---|---|---|
| Deposit: | La Sidra | |
| Location: | Mexico | |
| Commodities: | Silver-Gold-Lead-Zinc | |
| Date: | 3/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 6-3-2017: Sierra Metals Inc. announces an Exploration/Drilling Update report for its La Sidra deposit at the Bolivar Mine project. Drilling results incl. 9.75m @ 4.05g/t Au, 390g/t Ag, 1.88% Pb, 4.99% Zn from 115.3m. Sierra Metals Inc. (TSX: SMT) (BVL: SM | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gordon Babcock (Internal) | |
| ABSTRACT: | Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (“Sierra Metals” or “the Company”) announces the results of the initial drill program on the Bolivar property in Chihuahua State, Mexico and continues to define high grade silver-gold and polymetallic mineralization within the La Sidra vein. The mineralized zone currently extends to over 500 meters in length and to 300 meters in depth and is still open along strike and down dip. Drilling programs also continue at Bolivar West with future plans to drill Bolivar North West (skarn ore deposit area) to define high grade copper with coincident strong chargeability and within resistivity zones detected during a recently completed a 400 Hectare Titan 24 Induced Polarization (‘IP’) survey conducted by Quantec Geosciences of Toronto, Ontario. Mark Brennan, President and CEO of Sierra Metals stated “We have been seen tremendous growth in ore throughput and copper production at the Bolivar Mine over the past 5 years, however we have also seen ore grade erosion that has partly offset the expansion benefits of our earnings potential. Since 2015 we have been working aggressively to add new highergrade, higher-value tonnage at Bolivar. Our objectives for 2017 are to increase production further, reduce costs and complete successful brownfield exploration that can be brought into the production schedule in 2018.” He continued, “The Bolivar district is prolific in its geological activity. We are optimistic that we can add resource tonnage while also improving ore grade. This makes us optimistic for our cash flows and EBITDA outlook in 2018.” | |
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