PR Newswire
TORONTO, Aug. 24, 2017
The Escondida Zone is the largest deposit found at Cachi-Cachi. Its High Grade Zinc Potential will contribute additional Mineral Resources, Near Current Operations in the Short Term
Drill hole highlights include:
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Hole No. | Ag (gpt) | Pb (%) | Cu (%) | Zn (%) | Au (gpt) | Width (m) | |
ESC 17-01 | 94 | 3.41 | 0.01 | 7.91 | 0.23 | over 7.6 | |
ESC 17-05 | 104 | 5.83 | 0.09 | 10.59 | 0.71 | over 3.8 | |
ESC 17-05 | 86 | 7.42 | 0.07 | 13.79 | 0.20 | over 3.8 | |
ESC 17-09 | 40 | 1.00 | 0.05 | 11.69 | 0.64 | over 5.5 | |
ESC 17-10 | 10 | 0.04 | 0.02 | 5.05 | 0.20 | over 30.2 | |
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TORONTO, Aug. 24, 2017 /PRNewswire/ - Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) ("Sierra Metals" or "the Company") today announced drilling results from the Escondida zone situated within the Cachi-Cachi Mine, which is located 1,000 meters north of the Central Mine. Escondida is one of several limestone replacement mineralized zones demonstrating the existence of new mineralized areas within the Cachi-Cachi Mine. Escondida is located within the northern extension of the Esperanza Orebody demonstrating that mineralization from Esperanza continues to the north, and is still open to depth and along strike.
To date 10 holes have been completed from 870 level of the Cachi-Cachi Mine, and have intercepted polymetallic sulphide mineralization and oxide zones containing high grade silver, zinc and lead with significant widths in zones of mineralized skarns that were not previously found at Yauricocha. These results come as part of an ongoing brownfield drilling program that is testing priority targets at the Yauricocha Mine, located 150 kilometers east-southeast of Lima in the Yauricocha Mining District (Cordillera Occidental), Peru.
Igor Gonzales, President and CEO of Sierra Metals stated: "Brownfield exploration remains a key component of the Company's growth program. Today's results from the Cachi-Cachi Mine confirm the existence of important high grade mineralized areas and unlocks the possibility of discovering additional orebodies along the Yauricocha fault between the Esperanza and Cachi-Cachi ore bodies. The Company is planning to mine the Escondida zone in 2018 on the level 920 at Cachi-Cachi. Exploration programs are planned with an objective of adding high value tonnage in 2017 as drilling focuses on new discoveries and the expansion of areas in close proximity to existing operations. Sierra Metals has made a strong commitment to brownfield exploration and results, such as the ones released today from the Escondida zone demonstrate that this investment is paying off with the potential to further grow our mineral resources at all three Mines."
Alonso Lujan, Vice President of Exploration at Sierra Metals commented: "The results to date at Cachi-Cachi demonstrate mineralized sectors with high grade oxides and sulphides consisting primarily of silver, lead and zinc as show in Table 1 below. The potential still exists for further extensions within the Cachi-Cachi Mine which is still open to depth and along strike. The Company will continue exploration on this area from the 1070 level. It is important to highlight that mineralization at depth at Escondida widens, which opens an exciting exploration potential of this discovery at depth as well as for other orebodies which are part of the Cachi Cachi mine"
All reported intercepts are core length as further drilling is required to determine true thicknesses.
Figure 1 is a map of the Yauricocha Mine (Central Mine and Cachi-Cachi Mine) 920 level showing the holes drilled. Cross Section 2 shows the cross sections of holes ESC 16-03 and ESC 17-10.
Table 1
Hole N° | From | To | Width (m) | Ag (g/t) | Pb (%) | Cu (%) | Zn (%) | Au (g/t) | Description |
ESC-16-01 | 70.1 | 88 | 17.90 | 25.71 | 1.99 | 0.01 | 1.65 | 0.18 | Pyrite |
ESC-16-03 | 79.20 | 83.00 | 3.80 | 74.42 | 0.17 | 0.10 | 2.53 | 0.16 | Sulphide |
| 91.80 | 93.30 | 1.50 | 18.23 Werbung Mehr Nachrichten zur Sierra Metals Inc. Aktie kostenlos abonnieren
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