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SilverCrest Metals Inc.
Summary
| Project: | Las Chispas | |
|---|---|---|
| Deposit: | Granaditas, Granaditas Dos | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 8/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-8-2018: SilverCrest Metals Inc. announces an Exploration/Drilling Update report for its Granaditas, Granaditas Dos deposit at the Las Chispas project. Drilling results incl. 1.7m @ 2.50g/t Au, 799.0g/t Ag from 241.4m. Vancouver, British Columbia--(News | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Eric Fier (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - August 23, 2018) - SilverCrest Metals Inc. (TSXV: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce new drill results for the Granaditas and the new Granaditas Dos Vein on the Las Chispas Property (the "Property") located in Sonora, Mexico. The compilation of these new drill holes expands the high-grade footprint for the Granaditas Vein and introduces the Granaditas Dos Vein (see attached Figures). These veins are approximately 40 metres apart and may intersect to the southeast. As previously reported, there are now 30 known epithermal veins on the Property, including 12 significant veins which have drill-intersected high-grade mineralization, consisting of the Babicanora, Babicanora Footwall, Babicanora Norte, Las Chispas, Giovanni including La Blanquita, William Tell, Varela, Granaditas, Granaditas Dos, Luigi and Amethyst veins. Five of the 30 veins have been included in the maiden resource (refer to "Technical Report and Mineral Resource Estimate for the Las Chispas Property, Sonora, Mexico", effective February 12, 2018 and amended May 9, 2018). SilverCrest expects at least eight veins to be included in the resource update expected inQ3 2018. N. Eric Fier, CPG, P.Eng and CEO, remarked, "With this expansion of the Granaditas Vein and discovery of the Granaditas Dos Vein, we continue to increase our near-surface high-grade footprint in the Las Chispas district. There are several other veins adjacent to the Granaditas reported veins and further drilling may indicate high-grade continuity with additional discoveries to be announced in this area. Conceptually, all high-grade veins discovered to date in the Babicanora and Granaditas areas could have shared underground infrastructure with benefits to mine sequencing and cost savings. It is our intention to include eight veins in the proposed updated resource planned for Q3 2018. The updated resource is to include the new 2018 discoveries of the Granaditas, Babicanora Norte and Luigi veins as well as expansions to the previously defined veins (Babicanora including Area 51, Babicanora FW, Las Chispas, Giovanni including La Blanquita, and William Tell). | |
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