Sierra Metals Significantly Increases Mineral Resource Estimate for Cusi Silver Mine, Mexico
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Sierra Metals has updated its mineral resource estimate at the company’s Cusi Mine, located in Chihuahua State, Mexico.
The company believes that the Santa Rosa de Lima zone and the Northeast-Southwest demonstrates strong potential for further structural extensions of high-grade zones at the company’s Cusi Mine. Conversion of some of the higher grade to measured and indicated resources has been the priority for the Cusi exploration efforts.
A technical report prepared by SRK Consulting (Canada) Inc. in accordance with NI 43-101 standards of disclosure has been completed and will be filed on SEDAR within the next month The mineral resource estimate contained in the technical report was completed by Giovanny Ortiz, Principal Consultant (Geology), a representative of SRK Consulting (USA) Inc.
“Sierra’s management team is extremely pleased with the increases realized in the measured and indicated resources, and the significant increase in the inferred resources reported in this resource estimate for the Cusi Mine. When compared to the previous estimate filed in February 2018, the company saw an 18 percent increase to the measured and indicated resource tonnage and a 200 percent increase in the inferred resource tonnage. These increases represent a significant amount of additional drilling and mine exploration development work completed at the Cusi Mine, which included the Santa Rosa de Lima Zone as well as the Northeast-Southwest zone, which have strong potential for further structural extensions of high-grade zones,” said Luis Marchese, CEO of Sierra Metals Inc.
“The company remains committed to resource growth through brownfield exploration and this resource estimate confirms the presence of additional high-quality tonnage at the Cusi Mine allowing the company to study the potential for production increases going forward. We remain committed to brownfield exploration programs at the Cusi mine with the aim of further mineral resource expansions,” added Marchese.
“This updated mineral resource estimate is the foundation of our upcoming preliminary economic assessment update that will help us to determine the most capital efficient expansion scope for the Cusi mine, in a similar way that we have evaluated the Yauricocha Mine in Peru and Bolivar Mine in Mexico,” concluded Marchese.
About Sierra Metals
Sierra Metals Inc. is a diversified Canadian mining company focused on the production and development of precious and base metals from its polymetallic Yauricocha Mine in Peru, and Bolivar and Cusi Mines in Mexico. The company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities at all three Mines in Peru and Mexico that are within close proximity to the existing mines. Additionally, the company also has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.
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