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SilverCrest Metals Inc.

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Summary

Project:

Las Chispas

Deposit:Las Chispas
Location:Mexico
Commodities:Gold-Silver
Date:7/18/2019
Report Code:(Enviro)
Report Type:EIA/ESIA
Project Stage:Pursuing Resource Increase/Upgrade
Report details:18-7-2019: SilverCrest Metals Inc. announces an EIA/ESIA report for its Las Chispas deposit at the Las Chispas project. EIA granted for the Las Chispas project. Vancouver, British Columbia--(Newsfile Corp. - July 18, 2019) - SilverCrest Metals Inc. (TSXV:
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: n/a (n/a)
ABSTRACT:Vancouver, British Columbia--(Newsfile Corp. - July 18, 2019) - SilverCrest Metals Inc. (TSXV: SIL) (NYSEAmerican: SILV) ("SilverCrest" or the "Company") is pleased to announce that it has received notification from the Secretaria de Medio Ambiente y Recuros Naturales ("SEMARNAT") granting approval of the Environmental Impact Statement ("MIA" or the "Operating Permit) for the development of its Las Chispas Project ("Las Chispas" or the "Project") in the State of Sonora, Mexico. The receipt of the MIA provides the Company with conditional approval to construct a 3,000 (maximum capacity) tonne per day underground ("U/G") mine and a conventional processing facility with subsequent dry stack tailings and U/G backfill for Las Chispas. The MIA is based on several conditions and standard requirements as discussed below. N. Eric Fier, CPG, P.Eng, and CEO, remarked, "The approval of the MIA is a key milestone for Las Chispas. The MIA should enable SilverCrest to have all major operating permits in hand ahead of our scheduled construction timeline. With the anticipated completion of a successful Feasibility Study in H1, 2020, the Company is well positioned to project finance and begin construction activities in H2, 2020. We are extremely pleased with the progress that our team has made in the 3.5 years that we've been exploring at Las Chispas. We continue to work hard to simultaneously de-risk and add value to the Project in a costefficient manner. Congratulations to the team and the communities that support us in securing this key permit for development of Las Chispas."

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