Sierra Metals Announces $9-million 2015 Exploration Program

Sierra Metals Inc. (TSX:SMT) announced a $9-million exploration program for 2015. It will consist of over 75,000 meters of drilling across three of its operating mines and 4,000 meters at its two exploration projects.

As quoted in the press release:

The 2015 program aims to continue to expand and upgrade the mineral reserves and resources at all three mines as well as follow up on a number of high-priority exploration targets identified during the Company’s prior years’ exploration programs.

Program Highlights:

Yauricocha:	16,340 meters of drilling: 8,760 m for resource expansion and 7,580 m for exploration.
Bolivar:	21,210 meters of drilling: 8,710 m for resource expansion and 12,500 m for exploration.
Cusi:	37,711 meters of drilling: 33,382 m for resource expansion and 4,329 m for exploration.
Regional:	4,400 meters of exploration drilling at the Bacerac and Corralitos projects in Mexico.

Audra Walsh, Sierra’s president and CEO, commented:

Our 2015 drilling program reflects a strategic decision to accelerate the quantification of Sierra’s mineral resources on the back of important exploration and mine development advances achieved during 2014. This plan is in-line with Sierra’s strong commitment to continue a 5-year track record of consistently growing the Company’s reserves, resources and production at our three mines, as well as plans to identify new mineralized zones that will become targets for additional resource drilling. Particularly important are: i) The definition drilling on new mineralized zones at Yauricocha discovered in 2014; ii) Step-out drilling at the Bolivar Mine copper-silver manto orebodies; iii) Further delineation of the high-grade La Sidra gold-silver vein at Bolivar; and, iv) Plans at Cusi to continue to add reserves and resources to better quantify the dimensions of future expansion plans with a potential new mill currently under a prefeasibility study evaluation.

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