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Sierra Metals Inc.
Summary
| Project: | Cusi | |
|---|---|---|
| Deposit: | Santa Rosa de Lima | |
| Location: | Mexico | |
| Commodities: | Silver-Gold-Lead-Zinc | |
| Date: | 6/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-6-2017: Sierra Metals Inc. announces an Exploration/Drilling Update report for its Santa Rosa de Lima deposit at the Cusi project. Drilling results incl. 12m @ 757g/t Ag, 0.35% Pb, 0.33% Zn . Toronto, ON – June 05, 2017 – Sierra Metals Inc. (TSX: SMT) ( | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gordon Babcock (Not stated) | |
| ABSTRACT: | Toronto, ON – June 05, 2017 – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (“Sierra Metals” or “the Company”) today announced initial assay results the from exploration drill program at the Santa Rosa de Lima zone located within the Cusi Mine property in Cusihuiriachi, Chihuahua state, Mexico. Drilling has confirmed a high-grade mineralized deposit, located adjacent to the current operations. The Santa Rosa de Lima zone is a regional structure, that has been identified in the area extending for 12 kilometers. The Main mineralized zone extends over 1,000 meters in length, 400 meters in depth and is open along strike to the Northwest and Southeast (see Figure 2 attached). Recent drilling results are summarized in Table 1. These results come as a part of a reinterpretation of the Hydrothermal model and a drilling campaign of 15,500 meters that began in December 2016. “These drilling program results confirm the existence of high-grade silver mineralization and demonstrate a significant potential for our operations at the Cusi Mine. We are currently following up on this initial drilling program with an in-fill drill program to move the assay results into a measured mineral resource category which will be included in an updated mineral resource estimate for the Cusi mine expected to be released early in the fourth quarter” stated Alonso Lujan, Vice President Exploration at Sierra Metals. “Intercepts such as those returned in Holes 6, 14, 15 and 28 are characteristic of high grade epithermal deposits. Additionally, there is further potential to expand the exploration success at depth and along strike at the Santa Rosa de Lima zone as well as with other zones including the San Rafael Vein, San Nicolas Vein and the Bordo Fault.“ | |
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