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Project: | Las Chispas | |
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Deposit: | William Tell Vein | |
Location: | Mexico | |
Commodities: | Gold-Silver | |
Date: | 9/7/2016 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 7-9-2016: SilverCrest Metals Inc. announces an Exploration/Drilling Update report for its William Tell Vein deposit at the Las Chispas project. Drilling results incl. 4m @ 2.03g/t Au, 683g/t Ag from 172m. VANCOUVER, Sept. 7, 2016 /CNW/ - SilverCrest Metal | |
Resources: | x | |
CP/QP: | [Overall Report]: James Barr (Independent) | |
ABSTRACT: | VANCOUVER, Sept. 7, 2016 /CNW/ - SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce additional drill hole results from the William Tell Vein within its Las Chispas Project located in Sonora State, Mexico. The Las Chispas Project is in a historic silver-gold mining district which presently hosts two nearby precious metal producers. Historic information indicates that of the fourteen historically reported veins at Las Chispas Project, only three veins, the Las Chispas, William Tell and Babicanora, had documented production, which occurred between 1880 and 1930. SilverCrest's initial focus is on these three veins. To the Company's knowledge, these three past-producing veins have not been intercepted by drilling prior to the Company's recently completed initial Phase I drilling campaign. For more information, please refer to our website at www.silvercrestmetals.com. The William Tell Vein is approximately parallel to the Las Chispas Vein and about 120 metres apart at its midpoint. The William Tell Vein's historical workings appear to advance on strike to a cross cutting fault and then terminate. This fault also cross cuts the Las Chispas Vein beyond which higher grades and continuity are found as previously reported (see news release dated August 2, 2016). The Company believes this fault bound corridor, in both the William Tell and Las Chispas Veins, may be a mineralizing control for a potential high grade zone in both of the vein systems. Four of the seven William Tell drill hole intersections located within the potential high grade corridor display grade continuity greater than 400 gramsper tonne ("gpt") silver equivalent* ("AgEq") over estimated true widthsof 0.8 to 1.5 metres. Applying a 50 metre radius influence to the four drill hole intercepts, the area covers approximately 300 metres of strike (see attached figure). No historical workings were intercepted in the seven William Tell Vein drill holes. | |
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