SilverCrest Reports First Drill Results from Babicanora Vein; Multiple Intercepts Greater Than 1,000 gpt AgEq*

VANCOUVER, BC – March 02, 2017 – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce its first drill hole results for the Babicanora Vein within the Las Chispas Property (the “Property”) located in Sonora, Mexico. As part of the Company’s Phase II Exploration Program, underground drilling at the Babicanora Vein is testing the historic silver-gold mine (see attached Photos and Figures). In the 1800s, the Babicanora historic mine (the “Mine”) was considered the largest precious metal producer in the region. The Mine began operations around 1790 by Spanish operators, with intermittent production up to 1935. By the late 1800s, historic public records show that production for the Mine was approximately 80 million ounces of silver and an unknown amount of gold. As with the three other veins currently being explored by the Company (Las Chispas, William Tell and Varela veins), the Babicanora Vein had not been previously drilled.

Leave a Reply