Sierra Metals Inc. (TSX:SMT, BVL:SMT, NYSE:SMTS) reported initial drill results following up on targets identified from the Titan 24 geophysical survey
completed at Bolivar in Mexico. 22 high priority targets were identified during the survey, of which 8 are currently being drill tested. Results from
the four holes intercepted high-grade copper structures in three zones, returning 31 g/t Ag, 1.55% Cu, 1.95% Zn 0.38 g/t Au over 25m (averaged-DB17B602),
34 g/t Ag, 1.97% Cu, 0.91% Zn 0.34 g/t Au over 29m (averaged-DB17B613), 32 g/t Ag, 1.04% Cu, 0.20% Zn 0.10 g/t Au over 33m (DB17B583) and 37 g/t Ag,
2.05% Cu, 0.03% Zn 1.79 g/t Au over 13m (DB17B585). Results from additional drilling of these structures, which were previously thought not to be mineralized,
will further help to understand its potential impact on Bolivar for Sierra. We continue to anticipate a strong 2017 from Sierra as operations continue
to improve and exploration advances, all of which should further enhance the company’s value.
Derek Macpherson | VP Mining Analysis
Victoria Ellis Hayes | Associate
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Sierra Metals Inc. - TSX:SMT, BVL:SMT, NYSE:SMTS - 2
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