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Sierra Metals Shares Positive Drill results at Yauricocha Mine
Oct. 24, 2016 10:04AM PST
Base Metals Investing
Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (“Sierra Metals” or “the Company”) announced the results of its continuing drill program on their “Esperanza” zone, a high grade sulfide zone located 400 metres north of the central mine area. As quoted in the press release: The [drill] program continues to realize intercepts at depth (100 meters …
Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (“Sierra Metals” or “the Company”) announced the results of its continuing drill program on their “Esperanza” zone, a high grade sulfide zone located 400 metres north of the central mine area.
As quoted in the press release:
The [drill] program continues to realize intercepts at depth (100 meters below previously drilled holes) in two holes drilled at -50 degree angles as well as with five horizontal holes providing evidence of increased mineralization at the 1070 level. Drilling will continue from the 1070 level horizon with additional flat holes to the south of hole D-ESP-05as well with additional inclined holes at depth.
The current drill program has, in addition to intercepts at the Esperanza zone, also intercepted new “Cuerpos Pequenos” ore bodies with high grade lead, zinc, silver values.
Hole D-ESP-03 from 90.20 to 112.30 meters (22.10 meter intercept) depicts the mineralized structure with sulfide minerals Galena, Sphalerite, Pyrite which we have named Millet with the following grades: 154.38 gpt Ag; 7.56 % Pb; 1.03 % Cu; 17.43% Zn and 0.35 gpt Au.
“The extension of the Esperanza mineralized zone at the 1070 level and below to the 1170 level horizon continues to demonstrate the untapped potential of this area close to the existing mine production areas” stated Gord Babcock, COO Sierra Metals. “As it stands now the Esperanza zone extends from the 870 to below the 1170 level of the mine and has a demonstrated strike length in excess of 240 meters in the upper levels of the mine. We are optimistic that the mineralization will continue to the South and North on strike. In addition to the continued positive progress on the Esperanza main zone, the presence of additional mineralized new “Cuerpos Pequenos” zones in the marble unit has also been a welcome addition from the drilling program. We look forward to continuing to explore this area and opening up the untapped potential at the Yauricocha mine.”