Thursday, August 03, 2017

#SilverCrest (TSXV: $SIL.V; OTCQX: $SVCMF) Announces Additional Drill Results, Expands Phase II Program; Intercepts 1.9 Metres Grading 8,803 gpt AgEq* at Las Chispas

#SilverCrest (TSXV: $SIL.V; OTCQX: $SVCMF) Announces Additional Drill Results, Expands Phase II Program; Intercepts 1.9 Metres Grading 8,803 gpt AgEq* at Las Chispas

VANCOUVER - August 3, 2017 ( Newswire) SilverCrest Metals Inc. (TSXV: $SIL.V; OTCQX: $SVCMF) ("SilverCrest" or the "Company") is pleased to announce additional Phase II drill results for the Las Chispas Property (the “Property”) located in Sonora, Mexico. These additional drill results, combined with results announced in previous news releases, show continued expansion of unmined high-grade mineralization in the Giovanni and William Tell veins. This drilling also encountered initial high-grade intercepts in the Varela Vein and newly discovered La Blanquita Vein (see attached Figures). Mineralized intercepts summarized in this news release represent only a portion of the 19 epithermal veins that have been identified to date on the Property. Additional drill results are anticipated over the next several months.

The most significant result for this release is an intercept in Hole LC-17-45 of 1.9 metres grading 50.6 gpt gold and 5,018.8 gpt silver, or 8,803 gpt AgEq* including 0.7 metres grading 137.5 gpt gold and 13,560 gpt silver, or 23,873 gpt AgEq*. This hole intercepted the Giovanni Vein near the accessible 400 level (see attached Figures). Also noteworthy is 1.9 metres grading 0.39 gpt gold and 427.8.0 gpt silver, or 457 gpt AgEq* in Hole LC-17-30 which intercepted the William Tell Vein. The following table summarizes the most significant drill intercepts (uncut, undiluted) for this release:

Note: all numbers are rounded.
*AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.
**Previously announced drill intercept in the Las Chispas Vein that was below the cut-off grade of 150 gpt AgEq*; Hole LC16-27 intercepted William Tell Vein with grades above the Company’s cut-off. See May 11, 2017 news release.

Note: all numbers are rounded.
AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.

SilverCrest is a Canadian precious metals exploration company headquartered in Vancouver, BC, that is focused on new discoveries, value-added acquisitions and targeting production in Mexico’s historic precious metal districts. The Company is led by a proven management team in all aspects of the precious metal mining sector, including the pioneering of a responsible “phased approach” business model taking projects through discovery, finance, on time and on budget construction, and production with subsequent increased value to shareholders.

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