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Sierra Metals Inc.
Summary
| Project: | Cusi | |
|---|---|---|
| Deposit: | Santa Rosa de Lima | |
| Location: | Mexico | |
| Commodities: | Silver-Gold-Lead-Zinc | |
| Date: | 2/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-2-2017: Sierra Metals Inc. announces an Exploration/Drilling Update report for its Santa Rosa de Lima deposit at the Cusi project. Drilling results incl. 1.5m @ 0.85g/t Au, 1152g/t Ag, 0.26% Pb, 0.52% Zn from 309.8m. Sierra Metals Inc. (TSX: SMT) (BVL: | |
| 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 discovery of new high grade silver intercepts occurring in the Santa Rosa de Lima complex located within the current Cusi Mine operational area. The Santa Rosa de Lima complex lies within a regional structure extending some 64 kilometers. Extension on the Cusi property has an anticipated length of 12 kilometers. The discovery comes as part of a reinterpretation of the Hydrothermal model and a drilling campaign consisting of 15,000 meters which began in December 2016. To date, the Company has drilled 10,200 meters or about 79% of the planned program which is expected to be completed by the end of March 2017. The Cusi Mine is located within the municipality of Cusihuiriachi in the central portion of Chihuahua State, Mexico. The mine area encompasses 11,657 hectares in the Sierra Madre Occidental Mountain Range. “This is a truly exceptional development for the Cusi Mine and has the ability to be transformational to current operations” stated Mark Brennan, President and CEO of Sierra Metals. He continued, “We are very excited by the potential to add significant tonnage and ounces with much higher grades and notably increased widths to our current resource base. The discovery of a high-quality silver resource of this scale within our existing operation should have a very favorable economic outcome.” | |
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