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Sierra Metals Inc.

11:47 AM EST - Sierra Metals Inc. : announced that it has completed the first phase of its deep drilling program at its Yauricocha mine in Peru, with all five deep drill holes intercepting their targets of mineralized zones. The new drill results reported in this press release demonstrate that the Antacaca orebody extends 250 metres deeper than previously known and that a previously unknown, high-grade mineralized body has been discovered near the Catas orebody. Sierra Metals Inc. shares T.SMT are trading up $0.02 at $1.70.