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SilverCrest Metals Inc.
Summary
| Project: | Las Chispas | |
|---|---|---|
| Deposit: | Babicanora Vein | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 2/18/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-2-2020: SilverCrest Metals Inc. announces an Exploration/Drilling Update report for its Babicanora Vein deposit at the Las Chispas project. Drilling results incl. 1.8m @ 90.22g/t Au, 9422.3g/t Ag from 343.7m. Vancouver, British Columbia--(Newsfile Corp | |
| Resources: | (Resources, Ind.): 130.5kt @ 11.57g/t Au, 1,180g/t Ag | |
| CP/QP: | [Overall Report]: N. Eric Fier (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - February 18, 2020) - SilverCrest Metals Inc. (TSX: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce a new discovery and additional drill results from the Babicanora Norte Vein ("Babi Norte Vein", or "Babi Norte", or the "Vein") of the Las Chispas Project ("Las Chispas") located in the state of Sonora, Mexico. Today's release includes results for a total of 216 holes, 65% of which are in-fill holes and 35% expansion holes, and announces the new discovery of the Babi Norte southeast faulted extension named "Area 200 zone" or "Area 200" after the discovery drill hole BAN19-200, which intercepted 2.0 metres (true width) grading 6,418 grams per tonne ("gpt") silver equivalent ("AgEq", defined in table below). With this discovery, the Babi Norte Vein becomes the highest-grade vein currently known on the property. Expansion drilling has significantly increased the strike length of the Babi Norte Vein from 1.2 kilometres, as previously announced on February 25, 2019, to over 2.0 kilometres. Thirty-nine (39) of the 216 holes establish an initial high-grade footprint for Area 200 of 500 metres long by 125 metres in height (see attached Figures). | |
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