SilverCrest Mines (TSXV:SVL) (NYSE-MKT:SVLC) Reports Another Discovery and More High Grade Gold/Silver Intercepts at Santa Elena Mine in Mexico - Video News Alert on InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, September 6, 2013 - SilverCrest Mines (TSXV:SVL)
(NYSE-MKT:SVLC) announced additional results of delineation drilling at the
Santa Elena Mine, reporting another discovery and more high grade gold/silver
intercepts. The 100% owned Santa Elena Mine, located in the State of Sonora,
Mexico, is a high-grade, epithermal silver and gold producer.
InvestmentPitch.com has produced a "video news alert" about SilverCrest based on
this news. If this link is not enabled, please visit www.InvestmentPitch.com and
enter "SilverCrest" in the search box.
This program totalled 181 core and reverse circulation holes of which results
from 134 holes were included in the recent "Santa Elena Pre-Feasibility Study
and Update Reserve Technical Report" available on Sedar.com. Results from the
remaining 47 holes, released today, show further expansion of the Santa Elena
Deposit, which is still open laterally and to depth.
Several of these holes identified additional high grade intercepts, expanding
the recently discovered El Cholugo and El Cholugo Dos Zones, as well as
discovering a new zone called "Tortuga". The El Cholugo Zone continues to expand
with 7 new drill hole intercepts.
Drill intercepts continue to expand the mineralization along the Main
Mineralized Zone. Intercepts are up to 100 metres beyond the boundary of current
stope designs and reserve estimates.
The company's news release highlighted 5 holes with multiple high grade
intercepts to the east and depth including:
* SE-13-144; 9.2 metres grading 4.83 gpt gold and 171.4 gpt silver, including
0.8 metres grading 30.20 gpt gold and 638.0 gpt silver
* SE-13-152; 15.0 metres grading 4.03 gpt gold and 243.2 gpt silver, including
2.0 metres grading 17.5 gpt gold and 664.0 gpt silver
* SE-13-160; 13.3 metres grading 3.52 gpt gold and 136.2 gpt silver, including
4.1 metres grading 6.46 gpt gold and 133.6 gpt silver
* SE-13-166; 11.7 metres grading 3.97 gpt gold and 189.5 gpt silver, including
5.0 metres grading 8.10 gpt gold and 334.4 gpt silver
* SE-13-175; 8.8 metres grading 1.91 gpt gold and 70.6 gpt silver, including
2.0 metres grading 6.70 gpt gold and 226.1 gpt silver
The new Tortuga Zone is a northwest trending vein, breccia and stockwork zone,
outcropping on the surface and in the pit, and is exposed in the north wall of
the pit making this discovery easily accessible.
N. Eric Fier, President and COO stated, "This delineation drill program at Santa
Elena was immensely successful. With this program, we drilled the known portion
of the deposit at approximately 35 metre centres, announced revised reserves and
resources, extended mineralization beyond our current reserve boundary and
identified three new zones, El Cholugo, El Cholugo Dos and the newly discovered
Tortuga. The recently announced results of the revised underground reserve and
resource estimations have extended the current mine life to a minimum of 8
years. Our underground ramp has progressed beyond 1,500 metres in development
length. We have intercepted the Main Mineralized Zone underground and extracted
approximately 8,000 tonnes of ore from the 625 metre level. The conventional
mill construction and underground development currently underway are setting the
stage for the successful expansion of the mine with an anticipated significant
increase in metals production starting in 2014."
The company is also rapidly advancing the definition of a large polymetallic
deposit at its La Joya property in Durango State, which has stated resources
nearing 200 million ounces of silver equivalent.
SilverCrest currently trades at $2.13, and with 108.7 million shares
outstanding, the company is capitalized at $232 million.
For more detailed information please refer to today's news release on the
company's website www.silvercrestmines.com, or contact Fred Cooper at
1-866-691-1730 or email info(at)silvercrestmines.com.
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Source: InvestmentPitch via Thomson Reuters ONE
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Datum: 06.09.2013 - 16:32 Uhr
Sprache: Deutsch
News-ID 294286
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