Sierra Metals Finds Previously Unknown Orebody in Peru

Sierra Metals Inc. (TSX:SMT) announced that it has finished the first phase of deep drilling at its Peru-based Yauricocha mine, commenting that all five deep drill holes “intercepted their targets of mineralized zones.”

Highlights include:

• The Company has completed three additional deep holes on the Catas and Antacaca orebodies that cut copper mineralization at Level 1350, all of which cut wide zones of high grade mineralization:
  • Drill hole CAT-14-14-03 in the Antacaca orebody cut 3.95 meters true width averaging 16.74% zinc, 58.4 g/t silver, 0.23% lead, 0.64% copper and 0.56 g/t gold ( 711.2 g/t silver equivalent grade.) .
    • In addition, the hole cut 2.85 meters true width averaging 21.39% zinc, 357.2 g/t silver, 15.24% lead and 0.13% copper and 0.07 g/t gold (1515.8 g/t silver equivalent grade) in a
    • The hole also cut, at depth, 5.60 meters true width averaging 1.14% copper 250 meters below the current resource boundary.
  • Drill hole CAT-14-14-04 in the Catas orebody cut 4.1 meters true width averaging 28.83% zinc, 67 g/t silver and 0.25% copper (1040.9 g/t silver equivalent grade) representing the top of a previously-unknown orebody, potentially adding to the upside potential of the Central Mine Area.
  • In addition, at depth the hole cut 8.2 meters true width averaging 1.22% copper and 0.98 g/t gold.

Click here to read the full Sierra Metals Inc. (TSX:SMT) press release.