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SilverCrest Metals Inc.
Summary
| Project: | Las Chispas | |
|---|---|---|
| Deposit: | Babicanora | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 9/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-9-2018: SilverCrest Metals Inc. announces an Exploration/Drilling Update report for its Babicanora deposit at the Las Chispas project. Drilling results incl. 1.9m @ 15.11g/t Au, 1718.2g/t Ag from 208.8m. Vancouver, British Columbia--(Newsfile Corp. - S | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Eric Fier (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - September 13, 2018) - SilverCrest Metals Inc. (TSXV: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce further Phase III drill results for the Las Chispas Property (the "Property") located in Sonora, Mexico. Continued step out drilling of the Babicanora Norte Vein, since the Company's news release on May 29, 2018, announcing the discovery of this vein, and initial step-out drilling results reported July 24, 2018, has intersected additional high-grade silver-gold mineralization (see attached Figures). The Babicanora Norte Vein is parallel to the Babicanora Vein and is located approximately 300 metres northeast. The vein appears to connect with the Granaditas area which has multiple drill-tested veins to the southeast. The Babicanora Norte Vein will be part of the upcoming updated resource which will include 8 of the 30 identified veins in the district. Five (5) veins were included in the February 2018 maiden resource. N. Eric Fier, CPG, P.Eng, and CEO, remarked, "the Babicanora Norte Vein continues to deliver near-surface drill intercepts with high-grade silver-gold mineralization along an estimated known strike length of 900 metres. We now have 30 epithermal veins on the property with a total cumulative strike length of approximately 20 kilometres, of which 5 kilometres have been partially drilled and only 3.5 kilometres were included in the February 2018 maiden resource. We are currently at the end of the rainy season with reduced drilling but have continued to step-out drill with several core rigs on the Babicanora Norte, Granaditas, and Babicanora Sur veins. We are systematically working towards an imminent resource update." | |
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