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Sierra Metals Inc.
Summary
| Project: | Yauricocha | |
|---|---|---|
| Deposit: | Yauricocha | |
| Location: | Peru | |
| Commodities: | Silver-Copper-Lead-Zinc-Gold | |
| Date: | 6/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-6-2018: Sierra Metals Inc. announces an Exploration/Drilling Update report for its Yauricocha deposit at the Yauricocha project. Drilling results incl. 2.9m @ 120g/t Ag, 0.85% Pb, 0.01% Cu. 7.78% Zn, 0.34g/t Au from 155.1m. Toronto, ON – June 5 2018 – S | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gordon Babcock (Internal) | |
| ABSTRACT: | Toronto, ON – June 5 2018 – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) today announced drilling results demonstrating the potential to increase mineral resources between Esperanza Zone and Cuye Zone, located within the Central Mine at Yauricocha. Two holes executed from the 1070 level of the Yauricocha Mine between the Esperanza and Cuye zones intercepted polymetallic, sulphide mineralization containing silver, zinc, copper, and lead. These results demonstrate the potential for further mineralization within the reported area, and more importantly, indicate the continued existence of mineralization at depth. These results come as part of an ongoing brownfield drilling program that is testing priority targets at the Yauricocha Mine, 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 represent the existence of polymetallic mineralization at the northern extension of Cuye, and south extension of Esperanza”. 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 is committed to brownfield exploration with an aggressive program planned in 2018 on targets within close proximity to our existing operations. Results such as the ones released today continue to demonstrate that these investments are paying off for us demonstrating the potential for mineral resource and tonnage growth.” Alonso Lujan, Vice President, Exploration of Sierra Metals commented: “The results reported demonstrate mineralized sulphide sectors containing silver, copper, lead and zinc as shown in table 1 below. Furthermore, the drilling indicates that the intersection of the orebody is 650 meters below the 1070 mine level, demonstrating yet another potential area to increase resources in the short term.” He added, “The existence of disseminated copper mineralization in the intrusive rock formation opens a new exploration horizon previously unknown and a new interpretation of the sources of copper mineralization in the Yauricocha district. | |
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