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SilverCrest Metals Inc.
Summary
| Project: | Las Chispas | |
|---|---|---|
| Deposit: | Babicanora Vein | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 6/27/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-6-2019: SilverCrest Metals Inc. announces an Exploration/Drilling Update report for its Babicanora Vein deposit at the Las Chispas project. Drilling results incl. 9.5m @ 26.6g/t Au, 2676.0g/t Ag from 161.6m. Vancouver, British Columbia--(Newsfile Corp. | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: N. Eric Fier (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - June 27, 2019) - SilverCrest Metals Inc. (TSXV:SIL) (NYSEAmerican:SILV) ("SilverCrest" or the "Company") is pleased to provide an exploration update for its Las Chispas Project ("Las Chispas") located in the state of Sonora, Mexico. The Company's newly constructed decline ("Santa Rosa Decline") has intersected the Babicanora Vein in the high-grade Area 51 zone, along with intersecting and confirming the high-grade discovery of the Babi Vista Vein. We are also pleased to announce additional high-grade in-fill drill results for the Babicanora Vein which further increase the confidence level in the recently announced Mineral Resource Estimate (see news release dated March 14, 2019). See technical report titled "Technical Report and Resource Estimate for the Las Chispas Property, Sonora, Mexico" with an effective date February 8, 2019 and available on SEDAR at www.sedar.com. N. Eric Fier, CPG, P.Eng, and CEO, remarked, "As we advance Las Chispas to complete a Feasibility Study, we are diligently working to finish our in-fill drilling program on the Babicanora veins to further de-risk and convert resources to reserves. The discovery of the Babi Vista Vein in the decline provides us with a new target immediately adjacent to already defined vein resources with established underground access. This target can potentially add high margin resources beyond what was included in the Preliminary Economic Assessment announced May 15, 2019. Also, we have 10 in-fill and five exploration rigs turning to drill-test additional potential discoveries and expand current resources on five priority targets including: 1) southeast plunge of Babicanora Vein in the Area 51 zone, 2) at depth and along strike of the Babicanora Norte Vein, 3) at depth in the Las Chispas area, 4) at depth in the Babi Sur area, and 5) initial drilling in the Chiltepin area. Results from these targets will be reported on an ongoing basis." | |
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