SilverCrest Announces Significant Babi Vista Vein High-Grade Expansion;

nr_20200309

  • 2.1 Metres est. true width at 12,740 gpt AgEq
  • 1.1 Metres est. true width at 13,022 gpt AgEq
  • 1.6 Metres est. true width at 5,831 gpt AgEq

VANCOUVER, BC – March 9, 2020 – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce in-fill and expansion drill results for the Babi Vista Vein (“Babi Vista”) in the Babicanora Area of the Las Chispas Project (“Las Chispas”) located in the state of Sonora, Mexico. The drilling announced today has nearly doubled the size of the high-grade footprint for the Babi Vista Vein since November 14, 2019 (see attached figures). These drill results show higher-grade vein mineralization to depth, including hole UBV19-30 with 2.1 metres (est. true width) grading 12,740 grams per tonne (“gpt”) silver equivalent (“AgEq”; based on assumptions defined in the table below). The 22 in-fill and expansion drill holes in the high-grade footprint released today are in addition to 14 drill holes in the Babi Vista Vein high-grade footprint previously announced on February 25, 2019 and November 14, 2019. Based on these 36 drill holes, the updated high-grade footprint is approximately 400 metres along vein strike by 150 metres in height, and open along strike, towards surface and at depth. Within this footprint, the estimated average true width and grade of the vein is 1.2 metres grading 16.18 gpt gold (“Au”) and 1,272.9 gpt silver (“Ag”), or 2,486 gpt AgEq. This average grade of AgEq is 230% higher than the previous estimate of 753 gpt AgEq (at 2.2 metres grading 4.70 gpt Au and 401.1 gpt Ag), with a reduction in estimated average vein width of 45% (see news release from November 14, 2019).

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s