SilverCrest Announces Restart of Las Chispas Operations and Babi Vista Vein Expansion;

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  • 1.8 Metres est. true width at 11,148 gpt AgEq
  • 0.9 Metres est. true width at 2,036 gpt AgEq

VANCOUVER, BC – May 12, 2020 – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce that it will be restarting exploration and development work at its Las Chispas Project (“Las Chispas”) in Sonora, Mexico by mid-May using strict COVID-19 protocols (see news release dated March 30, 2020). This release also announces in-fill and expansion drill results for the Babi Vista Vein (“Babi Vista”) at Las Chispas. These holes were drilled prior to the Company’s suspension of activities due to COVID-19. The results announced today have expanded the size of the high-grade footprint for the Babi Vista Vein since the Company’s news release dated March 9, 2020 (see attached Figures), and continue to show higher-grade vein mineralization to depth, including hole BV20-39 with 1.8 metres (estimated true width) grading 11,148 grams per tonne (“gpt”) silver equivalent (“AgEq”; based on assumptions defined in the table below). Based on 42 holes (above cut-off grade, see table notes below) drilled to date, the updated high-grade footprint is approximately 400 metres along vein strike by 200 metres in height grading (uncut undiluted) 20.26 gpt gold (“Au”) and 1,590.0 gpt silver (“Ag”), or 3,110 gpt AgEq over an average true width of 1.0 metre, and open in most directions. Within this footprint, is a defined 1,000 gpt AgEq footprint, which includes 12 drill holes, estimated to be 300 metres long by 75 metres in height, averaging an uncut undiluted grade of 27.83 gpt Au and 2,178.8 gpt Ag, or 4,266 gpt AgEq over an average true width of 1.2 metres.

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