Day: August 23, 2018

Sierra Metals Inc. has filed a technical report prepared in accordance with National Instrument 43-101 on the Bolivar Mine. The Report supports the disclosure made by the Company in its news release dated July 9, 2018 entitled “Sierra Metals Announces Positive Preliminary Economic Assessment Results for a 67% Output Expansion at its Bolivar Mine in Mexico to 5,000 Tonnes Per Day Yielding a Return on Investment of 550%.”

“We are very pleased with the extension of the San Acacio option to 2020 and would like to thank our property vendor for their continued support of Defiance.We plan to use this additional financial flexibility to continue focusing our exploration efforts on the as-yet unexplored extension of the Veta Grande vein” stated Peter J. Hawley, President and CEO.

“With this final tranche of the non-brokered financing now complete and the remaining financing imminent, we are looking forward to advancing our drill and work programs in Mexico and British Columbia immediately”, said Michael McPhie, President and CEO of Prize. “Prize is very fortunate to have two very good assets in the highly prospective near surface high grade Manto Negro copper project in Mexico and the Kena gold and silver properties with a large resource in southeastern British Columbia. We will be carrying out significant diamond drill programs on both properties in the coming weeks and the next several months will be very exciting as we demonstrate to our shareholders and the public why we have been able to gain such wide spread support and backing in an otherwise very difficult public market.”

Fred Davidson, President & CEO of IMPACT stated, “This quarter we encountered the perfect storm of lower silver prices, lower grades at our mill, and fluctuating currencies. To address this headwind of lower revenue and rising costs, the team has done an admirable job of reining in costs and decreasing operating expenses to $3.8 million from $3.9 million in the same quarter of 2017 while still processing about the same tonnage. Going forward, the Company will focus on ore grade selection including access to higher zinc zones. On a positive note, we have had excellent drilling success with the discovery of the new San Ramon Deeps 2 Zone just south of our current active mining areas.”