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SilverCrest Metals Inc.
Summary
| Project: | Las Chispas | |
|---|---|---|
| Deposit: | Babicanora | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 4/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-4-2018: SilverCrest Metals Inc. announces an Exploration/Drilling Update report for its Babicanora deposit at the Las Chispas project. Drilling results incl. 4m @ 22.83g/t Au, 1718.8g/t Ag from 274.2m. Vancouver, British Columbia- (Newsfile Corp. - Apr | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Eric Fier (Internal) | |
| ABSTRACT: | Vancouver, British Columbia- (Newsfile Corp. - April 10, 2018) - SilverCrest Metals Inc. (TSXV: SIL) (OTCQX: SVCMF) ("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 Company's news release dated February 26, 2018). N. Eric Fier, CPG, P.Eng, and CEO, remarked, "Our initial Phase III drill holes in the Babicanora Vein continue to intercept highgrade precious metal mineralization along a drill-tested strike length of 1.5 kilometres. The drill results from the southeast extension of the Babicanora Vein, known as Area 51, show further bonanza grades 1 , with increased size of the high-grade 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 BA18-81, 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 BA18-77 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: | |
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