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Sierra Metals Inc.
Summary
| Project: | Cusi | |
|---|---|---|
| Deposit: | Santa Rosa de Lima | |
| Location: | Mexico | |
| Commodities: | Silver-Gold-Lead-Zinc | |
| Date: | 8/29/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 29-8-2017: Sierra Metals Inc. announces an Exploration/Drilling Update report for its Santa Rosa de Lima deposit at the Cusi project. Drilling results incl. 13.85m @ 465g/t Ag, 0.54% Pb, 0.33% Zn. Toronto, ON – August 29, 2017 – Sierra Metals Inc. (TSX: S | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gordon Babcock (Internal) | |
| ABSTRACT: | Toronto, ON – August 29, 2017 – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) today announced results from the expanded drilling program completed at the Santa Rosa de Lima zone located adjacent to current operations within the Cusihuiriachic (“Cusi”) property, Chihuahua state, Mexico. The completion of this drilling program will now provide the necessary data to update the past mineral resource report and provide the Company with potential future mineable resources. The Cusi mine district encompasses 11,657 hectares over range of elevation of 1,950 to 2,460 metres above sea level in the Sierra Madre Occidental Mountain Range. It is the result of one of largest volcanic events in the world that occurred between the Cretaceous and the Tertiary periods. The Sierra Madre Occidental is formed by two volcanics groups. Upper Volcanic Complex and Lower Volcanic Complex. The Sierra Madre Occidental is one of the largest known epithermal precious metal metallogenic provinces and is host to well-known gold and silver producing mining districts, including: Concheño, Ocampo, Bacis, Tayoltita, Topia, Guanacevi, La Cienega, Mulatos El Sauzal and Pinos Altos. The Cusi Mine district is located in the Lower Volcanic Complex, where subvolcanic rocks are closely related to the mineralization. The current operation is being developed in secondary veins with a preferred Northeast-Southwest arrangement. The Santa Rosa de Lima zone has no clear evidence of surface hydrothermalism although it has been identified for a length of 12 kilometers within Sierra Metals concessions or property boundaries. The Santa Rosa de Lima zone has an extensive relationship with the structural trend where Sunshine Silver Mine’s Los Gatos Project is located 90 kilometers to the Southeast. | |
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