These holes have intercepted polymetallic sulfide mineralization, containing high-grade silver, zinc, and lead.
Sierra Metals (TSX:SMT,NYSE:SMTS) today (June 7) announced positive drilling results on high-grade structures at the Contacto Sur Medio zone located close to current operations and within the central mine at Yauricocha in Peru.
According to the company, six holes have been executed from the 1070 level of the Yauricocha Mine in the Contacto Sur Medio zone. These holes have intercepted polymetallic sulfide mineralization, containing high-grade silver, zinc, and lead. 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. Today’s results come as part of an ongoing brownfield drilling program testing priority targets at the Yauricocha Mine, located 150 kilometers east-southeast of Lima in the Yauricocha Mining District.
As quoted in the press release, president and chief executive officer of Sierra Metals Igor Gonzales said:
“Management is very excited about today’s results as they represent the existence of high-grade polymetallic mineralization at The Contacto Sur Medio zone. We see zinc grades that are more than 35 percent along with high-grade silver more than 700 g/t. These results along with other exploration results recently released continue to demonstrate the excellent return on the company’s capital investments into exploration with the potential for further growth of mineral resources while adding high-value tonnage.”