SilverCrest Continues to Expand High-Grade Footprint for Babicanora Vein; 4.0 metres at 22.83 gpt Au and 1,718.8 gpt Ag, or 3,431 gpt AgEq
(firmenpresse) - SilverCrest Continues to Expand HighGrade Footprint for Babicanora Vein;
4.0 metres at 22.83 gpt Au and 1,718.8 gpt Ag, or 3,431 gpt AgEq
TSXV: SIL | OTCQX: SVCMF
For Immediate Release
VANCOUVER, BC - April 10, 2018 SilverCrest Metals Inc. (SilverCrest or the Company) is pleased to announce its first set of Phase III drill results for the Las Chispas Property (the Property) located in Sonora, Mexico. Step out drilling of the Babicanora Vein, including Area 51, continues to intersect highgrade mineralization (see attached Figures). There are now 23 identified epithermal veins on the Property (previously reported as 19 veins). Of the 23 veins, the Company has only drilled tested nine of these veins, which are the Babicanora, Babicanora Footwall, Las Chispas, Giovanni, La Blanquita, William Tell, Varela, Granaditas and Amethyst veins. Only five of these nine drilled tested veins have been included in the recently announced maiden resources (refer to the Companys news release dated February 26, 2018 - http://www.silvercrestmetals.com/news/index.php?content_id=343).
N. Eric Fier, CPG, P.Eng, and CEO, remarked, Our initial Phase III drill holes in the Babicanora Vein continue to intercept high grade precious metal mineralization along a drilltested strike length of 1.5 kilometres. The drill results from the southeast extension of the Babicanora Vein, known as Area 51, show further bonanza grades1, with increased size of the highgrade footprint. For H1 2018, we will continue expansion drilling of the Babicanora Vein, initial holes into Babi Sur Vein, and additional holes into the Las Chispas, Amethyst, Granaditas and other veins. We are systematically drilling only step out expansion holes and working towards an updated resource for Q3 2018.
The most significant result for this release was returned from Hole BA1881, which intersected 4.0 metres (true width) grading
22.83 grams per tonne (gpt) gold and 1,718.8 gpt silver or 3,341 gpt silver equivalent (AgEq, based on 75 (Ag):1 (Au) and 100% metallurgical recovery). Also noteworthy is Hole BA1877 at 4.5 metres grading 7.96 gpt gold and 912.0 gpt silver, or 1,509 gpt AgEq. The following table summarizes the most significant drill intercepts (uncut, undiluted) for this release:
Drill Est.
Hole No.From To (m) Inter True Au GptAg gptAgEq*
(m) cept Width gpt
(m) (m)
BA1868 481.7 483.4 1.7 1.3 1.00 201.6 276
incl. 482.9 483.4 0.5 0.4 3.20 654.0 894
BA1870 447.1 448.5 1.4 1.2 0.36 1,558.1,586
7
incl. 447.1 447.9 0.8 0.6 0.10 2,670.2,678
0
BA1872 461.8 462.6 0.5 0.5 1.46 141.0 250
BA1874 385.9 397.0 11.1 9.2 1.34 252.5 353
incl. 385.9 391.0 5.1 3.9 2.66 344.0 543
BA1877 356.0 362.0 6.0 4.5 7.96 912.0 1,509
incl. 356.5 359.0 2.5 1.8 20.62 2,167.3,714
6
BA1881 274.2 278.2 4.0 4.0 22.83 1,718.3,431
8
Incl. 275.2 277.2 2.0 2.0 46.06 3,342.6,796
0
BA1882 270.2 275.1 4.9 4.9 0.35 179.4 205
Incl. 274.2 275.1 0.9 0.9 0.25 402.3 421
Note: all numbers are rounded.
* AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.
All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC, Canada.
1 The Company defines bonanza grades as grades greater than 1,000 gpt AgEq
Drill holes BA1866, 67, 69, 71, 73, 76, 78, 79, and 80 intercepted anomalous mineralization, but are below the Companys 150 gpt AgEq cutoff. Holes BA1868, 70, 77, and 81 intercepted grades greater than 1,000 gpt AgEq, consisting of acanthite, argentite, electrum, native silver and visible gold. Holes BA1866, 67, and 68 were included in the Companys maiden resource estimate dated February 26, 2018. Hole BA1875 deviated and did not intercept intended target. Holes BA1867, 71, 73 and 79 showed elevated lead, zinc and copper (including precious metals) with possible transition to increased base metals to depth and southeast along the strike of the Babicanora Vein. Further core review, sampling and assaying is underway on holes southeast and to depth of Area 51 to determine boundaries for potential base metal transition. Results for this review are pending. Drill success rate for the Babicanora Vein to date is approximately 70% of intercepts in the highgrade footprint.
The Babicanora Vein highgrade footprint measures approximately 1,500 metres long by 180 metres high by 3.1 metres in average true width. Further drilling is ongoing with six surface drills and one underground drill. Area 51 now measures approximately 500 metres long by 200 metres high by 3.0 metres in average true width. To date, a total of 20 holes have now intersected the highgrade footprint of Area 51 with an average estimated grade of 10.37 gpt gold and 943.7 gpt silver, or 1,721 gpt AgEq (uncut, undiluted).
The Company commenced Phase III exploration program for further stepout drilling at the Babicanora Vein, including Area 51, and initial drilling on several other veins in the district. An additional 15,000 to 20,000 metres of drilling are planned by Q3 2018. Other ongoing site work includes continued underground mapping and sampling on the Las Chispas Vein, drilling test wells for site water, permitting work, and a review of the maiden resource model for optimization and update.
The Companys maiden resource report for the estimate announced on February 26, 2018 will be filed on SEDAR later this week.
The Qualified Person under National Instrument 43101 Standards of Disclosure for Mineral Projects for this news release is N. Eric Fier, CPG, P.Eng, and CEO for SilverCrest, who has reviewed and approved its contents.
ABOUT SILVERCREST METALS INC.
SilverCrest is a Canadian precious metals exploration company headquartered in Vancouver, BC, that is focused on new discoveries, valueadded acquisitions and targeting production in Mexicos historic precious metal districts. The Companys current focus is on the highgrade, historic Las Chispas mining district in Sonora, Mexico. SilverCrest is the first company to successfully drilltest the historic Las Chispas Project resulting in numerous discoveries. The Company is led by a proven management team in all aspects of the precious metal mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.
FORWARDLOOKING STATEMENTS
This news release contains forwardlooking statements within the meaning of Canadian securities legislation. These include, without limitation, statements with respect to: the strategic plans, timing and expectations for the Companys exploration, rehabilitation and drilling programs of the Las Chispas Property, including drilling test water wells, permitting for various work, and optimizing and updating the Companys resource model; information with respect to high grade areas and size of veins projected from underground sampling results and drilling results; and the accessibility of future mining at the Las Chispas Property. Such forwardlooking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: the conditions in general economic and financial markets; availability of skilled labour; timing and amount of expenditures related to rehabilitation and drilling programs; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forwardlooking statements as a result of risk factors including: the timing and content of work programs; results of exploration activities; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. Forwardlooking statements are based on the expectations and opinions of the Companys management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forwardlooking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forwardlooking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
N. Eric Fier, CPG, P.Eng
Chief Executive Officer
SilverCrest Metals Inc.
For Further Information:
SilverCrest Metals Inc.
Contact:-Fred Cooper, Investor Relations
Telephone:-+1 (604) 6941730
Fax:-+1 (604) 3571313
Toll Free:-18666911730 (Canada & USA)
Email:-info(at)silvercrestmetals.com
Website:-www.silvercrestmetals.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1-
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Datum: 10.04.2018 - 15:04 Uhr
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