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Sierra Metals Inc.

11:39 AM EST - Sierra Metals Inc. : Announced the discovery of a new high grade sulfide zone referred to as the "Cuye - Mascota" zone, located 200 metres north of the central mine area along strike and adjacent to current mining activities. The discovery comes as part of ongoing diamond drill brownfield exploration programs testing priority targets at its Yauricocha Mine located 150 kilometres southeast of Lima in the Yauricocha Mining District (Cordillera Occidental), Peru. Sierra Metals Inc. shares T.SMT are trading unchanged at $1.90.