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SilverCrest Metals Inc.
Summary
| Project: | Las Chispas | |
|---|---|---|
| Deposit: | Las Chispas | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 3/14/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-3-2019: SilverCrest Metals Inc. announces a Resource Estimation report for its Las Chispas deposit at the Las Chispas project. Upgraded mineral resource estimate at the project. N. Eric Fier, CPG, P.Eng and CEO, remarked, "Less than three years ago we | |
| Resources: | (Resource): 1.0Mt @ 6.98g/t Au, 710.6g/t Ag (Ind.), 3.6Mt @ 3.3g/t Au, 332.5g/t Ag (Inf.) | |
| CP/QP: | [Resources]: James Barr (Tetra Tech/Coffey Mining Ltd.) | |
| ABSTRACT: | N. Eric Fier, CPG, P.Eng and CEO, remarked, "Less than three years ago we first started drilling the Las Chispas Property and we are now announcing our third resource estimate, including our first Indicated Resource Estimate. We are particularly excited about the high-grade resources delineated at the Babicanora (including HW), Babicanora FW and Babicanora Norte Veins. These three adjacent veins cumulatively host Indicated Resources of 1.0 Million tonnes grading 1,234 gpt AgEq (39.8 million ounces of AgEq). These high-grade resources are near surface and conceptually can be developed using the same underground infrastructure, which may be a key driver of the economics for the project. This Third Mineral Resource Estimate will be used to finalize the ongoing PEA planned for release inQ2, 2019. The Company will continue exploration with seven core drills focused on infill drilling to upgrade additional inferred resources into the indicated category and five core drills testing up to five new vein prospects in H1, 2019. SilverCrest continues to move forward on two paths; 1) work on critical studies to de-risk the project in order to make a construction decision by H1, 2020, and 2) continue to build value with the highly successful exploration program to test the other 20 veins on the property to potentially expand the resource base." | |
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