Day: August 17, 2016

“We are incredibly excited to be back exploring Platosa again,” stated John Sullivan, Vice President Exploration. “We have conducted minimal drilling to expand Platosa manto resources since 2011, and the area near the Platosa mine itself remains wide open for the discovery of new mantos both laterally and at depth. Additionally, we are revisiting the geophysical data collected at Platosa from 2006 to 2011 with the help of Geotech. With today’s much faster processing power, along with the cutting edge application of neural networking and artificial intelligence, we hope to obtain an entirely new perspective on exploration at Platosa. We remain convinced that the Platosa mantos are merely the edge of a much larger CRD system.”

Mark Brennan, President and CEO of Sierra Metals stated “We have been working diligently to aggressively increase high grade tonnage at all of our mines. The brownfield programs currently underway are yielding very positive initial results as highlighted by our Esperanza discovery.” He continued “Other targets are moving ahead very positively and we hope to provide greater disclosure over the coming months as drilling assays and QAQC standards are completed.”

“The Cerro Cascaron project continues to impress with high grade gold and silver systems spread over large areas on the project. This channel sampling program has provided drill targets at San Pedro and Carabina, confirmed our understanding of the controls on high grade epithermal mineralization, and increased the cumulative strike length of the vein system. Sample results from the newly-recognized high-grade silver La Cascarita prospect demonstrates the district scale of the project with the majority of the property yet to be explored.” commented Alain Charest, Evrim Resources’ Vice President Exploration, Mexico.