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Sierra Metals Inc.
Summary
| Project: | Yauricocha | |
|---|---|---|
| Deposit: | Yauricocha | |
| Location: | Peru | |
| Commodities: | Silver-Copper-Lead-Zinc-Gold | |
| Date: | 6/4/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 4-6-2018: Sierra Metals Inc. announces an Exploration/Drilling Update report for its Yauricocha deposit at the Yauricocha project. Drilling results incl. 57m @ 1.86g/t Ag, 0.54% Pb, 0.28% Cu. 9.53% Zn from 92.20m. Toronto, ON – June 4, 2018 – Sierra Metal | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gordon Babcock (Internal) | |
| ABSTRACT: | Toronto, ON – June 4, 2018 – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) today announced drilling results demonstrating high grade polymetallic ore and a new mineralization style of Hydrothermal Breccias located at the Contacto Oriental Zone extension situated within the Central Mine at Yauricocha. To date, four holes have been executed from the 1070 level of the Yauricocha Mine in the Contacto Oriental Area. These holes have intercepted polymetallic sulphide mineralization containing highgrade zinc and copper zones over significant widths. These results demonstrate the potential for high grade mineralization within the reported area, and more importantly indicate the continued existence of extensive mineralization at depth. These results come as part of an ongoing brownfield drilling program testing priority targets at the Yauricocha Mine, which is located 150 kilometers east-southeast of Lima in the Yauricocha Mining District (Cordillera Occidental), Peru. Igor Gonzales, President and CEO of Sierra Metals stated: “Today’s results represents further the further potential at the Yauricocha Mine with the identification of high-grade polymetallic mineralization at the Contacto Oriental zone. It also suggests the possibility of even further mineralization at depth, specifically from the Zinc sulphide orebodies which contain significant widths.” He continued, “The Central Mine area contains several high-grade mineralized areas opening the possibility for further discoveries of additional orebodies along the Yauricocha fault. The Company made a strong commitment to brownfield exploration as part of its growth plan, and results such as the ones released today continue to demonstrate that this investment is paying off with the potential to further grow our mineral resources, and add high value tonnage”. | |
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