Sierra Metals Announces New High-Grade Zone Discovery at Its Yauricocha Mine in Peru
Sierra Metals announced the discovery of the new high-grade ore sulfide zone, the 'Fortuna' zone, near its Yauricocha Mine. This follows the exploration drilling of eight holes at the site, revealing high-grade mineralization of copper, zinc, and lead. Key drill results include copper equivalent grades reaching 27.22% and notable widths intersected. CEO Luis Marchese noted this could enhance expected ore grades in the coming years. Continued exploration is planned to maximize the resource potential in the area, promising positive implications for the company’s future production.
- Discovery of new high-grade ore sulfide zone 'Fortuna' at Yauricocha Mine.
- High-grade mineralization with copper equivalent grades up to 27.22%.
- Potential increase in expected ore grades in the next couple of years.
- Continued exploration planned to optimize resource potential.
- None.
-
Exploration drilling of 8 holes, intercepts high grade sulfide adjacent to existing underground operations at
Yauricocha Mine . - Drilling demonstrates high grade mineralization potential which continues and remains open above the 1120 level.
Figure 1.- A map of the
Hole |
Width
|
|
Cu
|
|
Zn
|
|
CuEq
|
|
ECF 10 22 02 |
2.85 |
|
0.31 |
|
12.94 |
|
6.39 |
|
4.90 |
|
0.33 |
|
27.22 |
|
11.86 |
||
ECF 10 22 04 |
0.55 |
|
0.20 |
|
12.18 |
|
5.89 |
|
ECF 10 22 05 |
4.80 |
|
6.41 |
|
3.51 |
|
9.38 |
|
1.40 |
|
0.46 |
|
20.3 |
|
8.89 |
||
ECF 10 22 03 A |
1.15 |
|
0.16 |
|
15.15 |
|
6.68 |
|
ECF 10 22 04 A |
2.65 |
|
2.06 |
|
8.36 |
|
6.13 |
|
*True widths have not been determined |
To date, 8 holes have been executed from the 720 level of the
Table 1.1 Shows the results of the drilling program
Hole Number |
From |
To |
Width** |
Ag |
Pb |
Cu |
Zn |
Au |
CuEq |
|
|
|
m |
g/t |
% |
% |
% |
g/t |
% |
ECF 10 22 02 |
397.25 |
400.10 |
2.85 |
72 |
3.91 |
0.31 |
12.94 |
0.30 |
6.39 |
|
404.65 |
409.55 |
4.90 |
95 |
5.14 |
0.33 |
27.22 |
0.49 |
11.86 |
|
417.00 |
418.60 |
1.60 |
19 |
0.50 |
0.10 |
3.70 |
0.16 |
1.72 |
|
418.60 |
424.70 |
6.10 |
20 |
0.56 |
0.09 |
1.77 |
0.17 |
1.08 |
|
424.70 |
428.70 |
4.00 |
134 |
0.86 |
0.42 |
12.98 |
0.65 |
6.52 |
|
|
|
|
|
|
|
|
|
|
ECF 10 22 04 |
396.35 |
396.90 |
0.55 |
52 |
4.43 |
0.20 |
12.18 |
0.15 |
5.89 |
|
|
|
|
|
|
|
|
|
|
ECF 10 22 05 |
366.40 |
371.20 |
4.80 |
126 |
1.76 |
6.41 |
3.51 |
0.58 |
9.38 |
|
376.00 |
382.00 |
6.00 |
25 |
0.57 |
0.11 |
5.36 |
0.18 |
2.38 |
|
433.50 |
434.90 |
1.40 |
172 |
0.52 |
0.46 |
20.30 |
0.00 |
8.89 |
|
446.20 |
449.40 |
3.20 |
15 |
0.43 |
0.12 |
1.63 |
0.00 |
0.89 |
|
|
|
|
|
|
|
|
|
|
ECF 10 22 01 A |
132.00 |
133.00 |
1.00 |
12 |
0.12 |
0.20 |
1.09 |
0.04 |
0.72 |
|
135.00 |
136.00 |
1.00 |
30 |
0.25 |
1.14 |
1.18 |
0.03 |
1.86 |
|
139.40 |
148.45 |
8.95 |
38 |
1.52 |
1.19 |
6.08 |
0.45 |
4.19 |
|
|
|
|
|
|
|
|
|
|
ECF 10 22 02 A |
138.40 |
138.75 |
0.35 |
21 |
0.42 |
0.76 |
2.49 |
0.28 |
2.04 |
|
138.75 |
139.70 |
0.95 |
24 |
0.49 |
0.95 |
1.86 |
0.34 |
2.09 |
|
139.70 |
140.60 |
0.90 |
46 |
0.54 |
3.31 |
1.73 |
0.68 |
4.81 |
|
141.50 |
142.35 |
0.85 |
22 |
0.43 |
0.93 |
1.79 |
0.25 |
1.97 |
|
155.20 |
155.50 |
0.30 |
7 |
0.18 |
0.06 |
1.97 |
0.65 |
1.22 |
|
|
|
|
|
|
|
|
|
|
ECF 10 22 03 A |
175.35 |
176.50 |
1.15 |
68 |
2.31 |
0.16 |
15.15 |
0.44 |
6.68 |
|
|
|
|
|
|
|
|
|
|
ECF 10 22 04 A |
132.00 |
134.00 |
2.00 |
36 |
0.78 |
0.77 |
3.51 |
0.16 |
2.53 |
|
134.00 |
136.65 |
2.65 |
71 |
1.48 |
2.06 |
8.36 |
0.50 |
6.13 |
*Prices Consensus Ag |
|||||||||
**True widths have not been determined |
Method of Analysis
Samples are prepared at the Yauricocha lab facilities at the
Quality Control
Américo Zuzunaga, FAusIMM CP (
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This press release contains "forward-looking information" and "forward-looking statements" within the meaning of Canadian and
Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading "Risk Factors" in the Company's annual information form dated
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FAQ
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How might the new high-grade ore impact Sierra Metals' production?
When does Sierra Metals plan to access the Fortuna orebody?