Thursday, February 07, 2019

Investorideas.com Newswire - #Mining Sector Spotlight: Exclusive Interview with CEO Eric Fier, of #SilverCrest Metals Inc. (NYSE: $SILV; TSXV: $SIL.V): 2019 Better Year for #Silver and Promising Drill Results

Investorideas.com Newswire - #Mining Sector Spotlight: Exclusive Interview with CEO Eric Fier, of #SilverCrest Metals Inc. (NYSE: $SILV; TSXV: $SIL.V): 2019 Better Year for #Silver and Promising Drill Results



#Mining Sector Spotlight: Exclusive Interview with CEO Eric Fier, of #SilverCrest Metals Inc. (NYSE: $SILV; TSXV: $SIL.V): 2019 Better Year for #Silver and Promising Drill Results

SilverCrest (TSXV: SIL.V)


Point Roberts, WA and Delta, BC - February 7, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in top sectors including mining and precious metals stocks, issues an exclusive podcast interview and video alert for SilverCrest Metals Inc (TSXV: SIL.VNYSE American: SILV). InvestorIdeas interviews N. Eric Fier, CPG, P.Eng, President and CEO after VRIC about recent drill results, Silver Market outlook and updates from the company.

Exclusive Interview with CEO Eric Fier, of SilverCrest Metals Inc. (TSXV:SIL): 2019 Better Year for Silver and Promising Drill Results

To watch the Video Alert and interview:
 

Podcasts available on ITunesSpotifyIHeartRadio and more
SilverCrest Metals Inc. (TSXV: SIL.VNYSE American: SILV) is entering 2019 with promising drill results and a recently completed strategic private placement investment. N. Eric Fier, CPG, P.Eng, President and CEO of the company predicts a better year for the silver market more broadly.
"I think we're going to exit 2019 much better off than how we're entering right now", he said.
Fier said that even though one can't always identify a market bottom, he has a good track record with silver and thinks the worst has already been weathered.
"We're seven years out now, I think, in a down-cycle for silver," he said. "You can never peg the bottom hair, it sneaks up on you and then a year or two later you say "Oh we're in a bull cycle". A year ago I said there was going to more pain and there was, and I see less pain moving forward to the precious metals market. And by fall I think, then you'll start getting a glimpse of some opportunities..."
SilverCrest recently published the high-grade results from their flagship Las Chispas property in Sonora, Mexico, which included a record drill hole intercept. An excerpt reads:
The 20 reported in-fill holes in this release were targeting mineralization in the high-grade Area 51 zone (13 holes), Babicanora Central zone (7 holes), and Babicanora Footwall and Hangingwall veins which were drilled while targeting other zones. Combined with the 19 in-fill drill results previously reported on November 1, 2018 and December 13, 2018, the in-fill drilling program has returned very positive results. A total of 39 in-fill holes have been completed with 28 holes in the Area 51 zone. The weighted average (true width, uncut, undiluted) of the 28 in-fill holes from Area 51 is 3.9 metres grading 11.36 gpt gold and 1,064.1 gpt silver, or 1,915 gpt silver equivalent. For comparison, in the September 13, 2018 resource estimate, Area 51 had an estimated weighted average true width of 2.7 metres, grading 7.13 gpt gold and 614 gpt silver or 1,148 gpt AgEq. Hole BA18-122 intersected and expanded high-grade mineralization in Area 51's "Shoot 43" returning an impressive 9.3-metre wide intercept grading 6,336 gpt AgEq compared to previously modelled narrower mineralization in this area, which had averaged 3 metres in true width.
The record drill hole intercept revealed by these results was Hole BA18-122, which intersected 9.3 metres (estimated true width) grading 39.66 gpt Au and 3,361.0 gpt Ag, or 6,336 gpt AgEq (84.5 gpt AuEq). But zooming out on the whole operation, Fier said:
"There's now over 170 drill hole intercepts that are greater than one kilo of silver equivalent. And you start tying all of that together, again, one of the top highest grade silver-gold deposits in the world."
"We've made a major discovery at the Las Chispas property that is impressive worldwide", he said. "Las Chispas is now rated by RBC (NYSE:RY) in the top ten highest grade silver-gold deposits in the world."
Late last year, the company closed a private placement with SSR Mining Inc. (NasdaqGS:SSRM) which saw the latter purchase 8,220,645 common shares of the Company at a price of C$3.73 per share for a total investment of C$30,663,006 in a non-brokered private placement financing. Fier praised SSR and explained that it would benefit investors.
"SSR Mining itself is a great company and a great team," he said. "We thought that was a really great way to bring benefit to our shareholders at a premium."
Fier said that there still exists some rivalry between the two companies.
"...keep in mind that there is competitive tension there," he said. "Although SSR is a great partner, there always needs to be an understanding that someone else can come in and invest into SilverCrest."
Fier outlined some of the company's trajectory for the rest of this year.
"As far as plans for 2019, we currently have 12 drills running." he said. "Half of those are on in-fill drilling. This is all about de-risking and moving from the resource to reserve. You've got to get more continuity and de-risk these things as you move towards a potential production unit over the next year or two from a construction-production standpoint."
ABOUT SILVERCREST METALS INC.
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's current focus is on the high-grade, historic Las Chispas mining district in Sonora, Mexico. SilverCrest is the first company to successfully drill-test the historic Las Chispas Project resulting in numerous discoveries. The Company is led by a proven management team in all aspects of the precious metal mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.
Contact Information:
SilverCrest Metals Inc.
Contact: Fred Cooper, Investor Relations
Telephone: +1 (604) 694-1730
Fax: +1 (604) 357-1313
Toll Free: 1-866-691-1730 (Canada & USA)
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
About Investorideas.com
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and the AI Eye Podcast and column covering developments in AI.
Social Media
Follow us on Twitter https://twitter.com/Investorideas
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp . Disclosure: Investorideas.com is compensated by SilverCrest Metals Inc for annual news publishing effective January 2018.
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894 . Global investors must adhere to regulations of each country.
Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Contact Investorideas.com
800-665-0411

SilverCrest Metals Inc. (TSXV: SIL.V; NYSE: SILV) is a featured company on Investorideas.com

Get News Alerts on SilverCrest Metals Inc.

No comments: