VANCOUVER, BC – October 20, 2016 – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce the receipt of the underground drilling permit, including the permission to mine a 100,000-tonne bulk sample for testing and processing off-site. With these permits in hand, the Company is preparing to commence an extensive Phase II exploration program at the Las Chispas Project (“Las Chispas”).
N. Eric Fier, CPG, P.Eng, CEO and President commented, “We are very encouraged with the early success from our initial drilling campaign at Las Chispas, which has confirmed continuity of high grades over potential mineable thicknesses. With the underground drilling permit, we will start drill-defining resources and preparing for a broader Phase II exploration program. Our current focus is to systematically drill the Las Chispas and William Tell veins in a grid pattern for resource estimation, test vein extensions and to further explore the Babicanora area. SilverCrest’s schedule is to establish a maiden resource estimation in the first half of 2017. We see further upside in this historic silver-gold mining district with prospective discoveries of multiple unidentified veins, and drill testing Babicanora which is considered the largest target in the district.”