Sierra Metals Provides Exploration and Development Update

Sierra Metals (TSX:SMT,BVL:SMT) provided an update on the results of exploration programs at its Yauricocha mine in Peru and its Cusi and Bolivar mines in Mexico.

As quoted in the press release:

Drilling of the Bolivar NW area continues to intercept potentially economic grades of copper, gold and silver. For example, drill hole DB14B448 returned 6.70% copper, 1.30 g/t gold and 64.2 g/t silver over 1.75 meters estimated true width (212.35 – 214.10 meter down hole).

Sierra Metals CEO, Audra Walsh, said:

Our exploration programs at Yauricocha, Bolivar and Cusi were once again a success, defining the resources to continue our mine-life as expected by our geologists. We have also identified additional high-priority near-by targets at all of our mine sites. In addition, we continue to have success in confirming resources and identifying new targets within and near the mines. We also have the potential for further discovery of precious and base metal mineralization on the 142,181.65 hectares we have in Mexico and the 50,339 hectares we have in Peru. We remain excited about the opportunities that exist within our portfolio of projects and will leverage this new understanding to maximize our exploration success as we advance our projects in 2015.

Click here to read the Sierra Metals (TSX:SMT,BVL:SMT) press release