Tuesday, February 25, 2020

#ExploringMining #Podcast – #Mining #Stocks News from (TSXV: $JG.V) (NYSE: $GOLD) (NYSE: $AG) (NYSE: $EXK) (TSXV: $CUC.V) (TSXV: $ANTL.V)



#ExploringMining #Podcast – #Mining #Stocks News from (TSXV: $JG.V) (NYSE: $GOLD) (NYSE: $AG) (NYSE: $EXK) (TSXV: $CUC.V) (TSXV: $ANTL.V)



Point Roberts WA, Delta BC, February 25, 2019 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.
 
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Japan Gold Corp. (TSXV:JG) has formed a country-wide alliance with Barrick Gold Corporation (NYSE:GOLD) “to jointly explore, develop and mine certain gold mineral properties and mining projects in Japan.” Japan Gold's Chairman and CEO John Proust commented:

"Japan Gold is delighted to welcome Barrick Gold to Japan. As Barrick is one of the pre-eminent gold producers in the world we look forward to a very positive partnership. Every great new frontier starts with geology. Japan is an ideal, underexplored, setting to make new large low sulphidation epithermal gold discoveries, building on the great success of the Sumitomo Metal Mining Co. Ltd.'s Hishikari Gold Mine. Barrick's global experience of operating 15 mines on 4 continents combined with Japan Gold's in country knowledge and operational expertise make an ideal partnership to advance the gold mining industry in Japan."

In addition, Japan Gold Corp. announced the acquisition of six new projects in the Southern Kyushu Gold Province. At press time, Japan Gold stock is up 2.86 percent and that’s against the price of gold being down about 1.4 percent presently.

First Majestic Silver Corp. (NYSE:AG) has announced the results from its 2019 exploration program at the ErmitaƱo project in Sonora, Mexico. According to the press release, the program “totalled 33,767 metres in 103 drill holes.” Keith Neumeyer, President and CEO of First Majestic, explained:

“Today’s exploration results bring us another step closer to ensuring a longer mine life for Santa Elena. Not only has this program increased our confidence in the resource but we also encountered significant intercepts of high-grade gold which we expect will improve the overall grade of the resource. Next month we plan to announce an updated resource estimate for the ErmitaƱo project which will include these high-grade drill results.”

First Majestic stock is down about 1.3 percent at press time, though this may have been influenced by the prices of gold and silver, which are down 1.4 percent and 3 percent, respectively.

Endeavour Silver Corp. (NYSE:EXK) has reported its financial results for the fourth quarter and year ended December 31, 2019. Highlights include “Q4 revenue of $34.6 million and full year revenue of $121.7 million,” but “Q4 net loss of $17.9 million ($0.13 per share) and full year net loss of $48.1 million ($0.36 per share),” the latter of which being due to “higher operating costs, increased general administrative and exploration costs and significant depreciation and depletion due to short mine lives.’ Bradford Cooke, Endeavour CEO, explained:

“The Company’s financial performance last year was negatively impacted by significant operating issues and higher costs at each of our mines.  We made sweeping changes to the mining operations in Q2 and Q3 and as a result, we are finally seeing production rising and costs falling, led by Guanacevi.  Endeavour expects higher production and lower costs at each of its three mines in 2020.”

Carube Copper Corp. (TSXV:CUC) has announced the finalization of its acquisition of Latin America Resource Group (LARG). The latter’s key asset is the Jasperoide Copper-Gold Project in Peru, which “hosts a number of copper-gold skarn and porphyry targets at various stages of exploration, with drilling by previous explorers intersecting intervals of copper-gold mineralisation.” Stephen Hughes, CEO of Carube, commented:

"As a result of a disciplined and rigorous acquisition strategy over the past 18 months, Carube has successfully completed this Company transforming transaction with LARG. With an experienced management team and a proven track record of building successful mining companies, we can now focus on creating significant value for our shareholders. The initial exploration program we have designed for Jasperoide aims to fast track the project to resource delineation drilling stage and will produce strong news flow throughout 2020. Carube is also continuing to advance and commercialise value at its high-quality pipeline of advanced-stage and drill ready gold-copper projects in Jamaica and Canada.”

Antler Gold Inc. (TSXV:ANTL) has entered into an agreement to acquire 100% of a gold exploration license in Namibia. According to the press release, the license “measures 159.12 square kilometers and is located within the Erongo region of central Namibia near the towns of Usakos, Karibib and Omaruru,” and also near several historical mines.

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Thursday, February 20, 2020

#ExploringMining #Podcast – #Mining #Stocks News from (NYSE: $NEM) (TSXV: $GFG.V) (ASX:NCM) (NYSE: $AA) (TSXV: $WGO.V) (TSXV: $BHS.V)


#ExploringMining #Podcast – #Mining #Stocks News from (NYSE: $NEM) (TSXV: $GFG.V) (ASX:NCM) (NYSE: $AA) (TSXV: $WGO.V) (TSXV: $BHS.V)



Point Roberts WA, Delta BC, February 20, 2019 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.
 
Listen to the podcast:

Read this in full at

Newmont Corporation (NYSE:NEM) has announced its full year and fourth quarter 2019 results. Highlights include the production of 6.3 million attributable ounces of gold, the generation of $2.9 billion of cash from continuing operations and Free Cash Flow of $1.4 billion. Tom Palmer, President and CEO, said:

"In 2019, Newmont generated $1.4 billion in free cash flow from the gold industry’s best portfolio of assets and we continued to deliver on our promises by completing four projects on four continents within budget. We returned $1.4 billion to shareholders through dividends and share repurchases and as we enter our centenary year, Newmont is well positioned with the industry’s largest reserve base strategically located in top-tier jurisdictions that enables us to sustain production and generate robust cash flow across price cycles."

Perhaps as a consequence to this news release, Newmont stock is up about 5 percent at press time.

GFG Resources Inc. (TSXV:GFG) has extended the option period under the Rattlesnake Hills Gold Project option and earn-in agreement with Newcrest Resources Inc., a wholly-owned subsidiary of Newcrest Mining Limited (ASX:NCM) from March 9, 2020 to May 1, 2020. According to the press release, this gives Newcrest “additional time to consider exercising its option to enter into the earn-in phase of the Agreement. The earn-in phase consists of three stages whereby Newcrest can earn up to 75% of the Project over an eight-year period.”

The Aluminum Stewardship Initiative (ASI) has certified Alcoa Corporation (NYSE:AA) to be able to market products under the former’s Chain of Custody standard. Alcoa President and CEO Roy Harvey explained:

"The certifications to the ASI Performance and Chain of Custody standards will offer our customers additional assurance of our commitment to responsible and sustainable production while complementing our existing SustanaTM line of aluminum products. Today’s announcement aligns with our strategic priority to advance sustainably and it serves as another reinforcement of our strong reputation and industry leadership."

White Gold Corp. (TSXV:WGO) has announced positive RC drill results on its recently acquired VG Deposit on the QV Property. 2019 drill highlights include, variously, the interception of 50.3m of 2.07 g/t Au, 38.10m of 1.97 g/t Au, 36.58m of 1.42 g/t Au, 33.54m of 1.09 g/t Au, and 10.67m of 2.09 g/t Au. White Gold CEO David D’Onofrio commented:

“We are very pleased with the results of our 2019 RC drill program on the recently acquired VG Deposit. The program further expanded the footprint of the deposit, which continues to remain open along strike and at depth and refined the geologic model for continued follow up work. Furthermore, the mineralization, alteration, geochemistry and structural controls of the VG are remarkably similar to our flagship Golden Saddle deposit just 10km to the south. This property has seen very limited exploration to date and we are confident that our team is well positioned to maximize the value of the VG deposit and the several other highly prospective and untested new targets on the property through leveraging our innovative data driven exploration methodologies.”

Bayhorse Silver Inc. (TSXV:BHS) has reported that upon extensive metallurgical work on a high grade sample from the Bayhorse Silver Mine in Oregon, it has established “a smelter concentrate for submission to select smelters for off-take pricing.” The company CEO Graeme O'Neill commented:

"We are very pleased with the initial gravity and flotation recovery results, and the excellent concentrate grades for the smelter sample. We note that due to the presence of high grade mineralization at the Bayhorse Mine, test work on the mineral liberation size, flotation reagent levels and other specialized gravity recovery methods is ongoing to ensure maximum recoveries to the concentrate."

The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

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About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , 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 , Exploring Mining  the AI Eye .

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 investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. 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.
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Wednesday, February 19, 2020

#ExploringMining #Podcast – #Mining #Stocks News from (NYSE American: $SILV) (TSX: $SIL.TO) (NYSE: $RIO) (NYSE: $NEM) (NYSE: $AGI) (ASX:LLO)


#ExploringMining #Podcast – #Mining #Stocks News from (NYSE American: $SILV) (TSX: $SIL.TO) (NYSE: $RIO) (NYSE: $NEM) (NYSE: $AGI) (ASX:LLO)



Point Roberts WA, Delta BC, February 19, 2019 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.
 
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SilverCrest Metals Inc. (NYSE American:SILV) (TSX:SIL) has announced a new discovery and additional drill results from the Babicanora Norte Vein of the Las Chispas Project in Sonora, Mexico. Results include a total of 216 holes, 65% of which are in-fill holes and 35% expansion holes. The discovery of the Babi Norte southeast faulted extension named "Area 200 zone" intercepted 2.0 metres grading 6,418 grams per tonne silver equivalent, making the Babi Norte Vein “the highest-grade vein currently known on the property.” SilverCrest CEO N. Eric Fier commented:

"Since the high-grade discovery in January 2018 of the Babicanora Vein, Area 51 zone, the SilverCrest technical team has been systematically testing out its theory of "the Nature of Multiples" for the potential to discover parallel high-grade precious metal veins and zones similar to Area 51. With the high-grade discoveries of Las Chispas Vein, Area 118, in November 2019, and now the Babi Norte Vein, Area 200, this work has proven effective. Area 200, approximately 500 metres in strike length, is now considered the highest-grade discovery to date at Las Chispas and, combined with the remaining 1.5 kilometres strike length of the Vein, is the longest mineralized vein in the district, surpassing the Babicanora Vein. Area 200 is proximal to the Santa Rosa Decline, suggesting it could be easily accessed with minimal underground development. Congratulations to the SilverCrest team on another high-grade discovery and its ability to aggressively advance this for FS inclusion."

Rio Tinto Group (NYSE:RIO) has recently approved a $98 million investment in a new solar plant at the Koodaideri mine in the Pilbara, Australia. The plant is expected to supply power to the mine during peak solar power generation times and approximately 65 percent of the mine’s average electricity demand. Chris Salisbury, Rio Tinto Iron Ore’s chief executive, said:

"The construction of our first solar plant in the Pilbara is a significant milestone for the business and an important step in reducing our carbon footprint in the region.
"We are investigating additional renewable energy options in the Pilbara, as well as other opportunities to reduce emissions across our entire global portfolio, building on the 43 per cent reduction in absolute greenhouse gas emissions since 2008."

Newmont Corporation (NYSE:NEM) has approved investment in an Autonomous Haulage System (AHS) at its Boddington mine in Australia to improve safety and prolong the mine’s life. Expected to be fully operational by 2021, this would make Boddington the first open pit gold mine with an autonomous haul truck fleet in the world. Newmont President and CEO Tom Palmer explained:

"Not only does Boddington continue to deliver strong performance, our investment in autonomous haul trucks will generate an internal rate of return greater than 35 percent with a more controlled and efficient haulage operation. We are also uniquely positioned in the gold sector to support effective implementation and operation of the fleet thanks to the technical capabilities and previous experience of leaders in our business. Simply put, Boddington will be a safer, more productive world-class gold mine in a top-tier jurisdiction."

Alamos Gold Inc. (NYSE:AGI) has reported its mineral reserves and resources for the year-ended 2019. Among the highlights are: “Island Gold’s Mineral Reserves and Resources increased by a combined 921,000 ounces, net of mining depletion, Global Proven and Probable Mineral Reserves of 9.73 million ounces of gold, Global Measured and Indicated Mineral Resources of 7.04 million ounces of gold, Global Inferred Mineral Resources increased 10% to 5.98 million ounces of gold, and Global exploration budget of $36 million in 2020.” John A. McCluskey, President and CEO, said:

“We had another tremendous year at Island Gold on all fronts with the asset continuing to evolve into a world class ore body. Over the past two years we have added more than two million ounces of Mineral Reserves and Resources, before mining depletion, with the deposit now approaching four million ounces in all categories. We see strong potential for this growth to continue with the deposit open laterally and down-plunge across multiple areas of focus.”

Lion One Metals Limited (ASX:LLO) has announced high-grade gold assays part of its 100 percent-controlled Tuvatu alkaline gold project, Fiji, from recent surface sampling. Quinton Hennigh, technical advisor to Lion One, commented:

"Building a pipeline of new, high quality drill targets outside of the Tuvatu resource is one of our main objectives at Lion One. Once access was granted to our new Navilawa tenement, we began to explore. Over the past few months, we conducted BLEG sampling which indicated the entire northern half of the caldera is prospective. Now that we are opening up roads, we are able to see numerous mineralized exposures. These first surface sample results are very promising, and, coupled with recently announced results from our controlled-source audio-magnetotelluric surveys that show robust structures underlying the region, suggest we should have a large pipeline of drill targets in time for the upcoming dry season."

Lion One Metals stock is up about 7.6 percent at press time.

The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

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About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , 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 , Exploring Mining  the AI Eye .

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 investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. 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. Disclosure: SilverCrest Metals is a paid annual client on Investorideas.com  More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp and https://www.investorideas.com/About/News/Clientspecifics.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
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Tuesday, February 18, 2020

#Mining Stock News: #SilverCrest (TSX: $SIL.TO; NYSE: $SILV) Announces Highest-Grade Discovery to Date at Las Chispas, Area 200 zone


#Mining Stock News: #SilverCrest (TSX: $SIL.TO; NYSE: $SILV) Announces Highest-Grade Discovery to Date at Las Chispas, Area 200 zone

·       1.4 metres est. true width at 16,189 gpt AgEq
·       2.4 metres est. true width at 9,006 gpt AgEq
·       1.6 metres est. true width at 13,345 gpt AgEq



Vancouver, British Columbia - February 18, 2020 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSX: SIL.TONYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce a new discovery and additional drill results from the Babicanora Norte Vein ("Babi Norte Vein", or "Babi Norte", or the "Vein") of the Las Chispas Project ("Las Chispas") located in the state of Sonora, Mexico. Today's release includes results for a total of 216 holes, 65% of which are in-fill holes and 35% expansion holes, and announces the new discovery of the Babi Norte southeast faulted extension named "Area 200 zone" or "Area 200" after the discovery drill hole BAN19-200, which intercepted 2.0 metres (true width) grading 6,418 grams per tonne ("gpt") silver equivalent ("AgEq", defined in table below). With this discovery, the Babi Norte Vein becomes the highest-grade vein currently known on the property.

Read this news featuring Silvercrest in full at https://www.investorideas.com/CO/SILV/news/2020/01181LasChispas.asp

Expansion drilling has significantly increased the strike length of the Babi Norte Vein from 1.2 kilometres, as previously announced on February 25, 2019, to over 2.0 kilometres.
Thirty-nine (39) of the 216 holes establish an initial high-grade footprint for Area 200 of 500 metres long by 125 metres in height (see attached Figures). Drill results for these 39 holes in Area 200 show an average est. true width of 1.5 metres with a weighted average grade of 16.11 gpt gold ("Au") and 2,166.5 gpt silver ("Ag"), or 3,375 gpt AgEq (uncut undiluted).

Area 200 is not included in the current resource estimate. For reference, the current Babi Norte Vein model includes 8.6M oz AgEq indicated resources (130,500 tonnes at 11.57 gpt Au and 1,180 gpt Ag, or 2,047 gpt AgEq) and 12.5M oz AgEq inferred resources (277,700 tonnes at 8.21 gpt Au and 780 gpt Ag, or 1,395 gpt AgEq) and is based on a high-grade footprint 125 metres in height and only 900 metres of the estimated 2.0 kilometres strike length. Please refer to the "Technical Report and Preliminary Economic Assessment ("PEA") for the Las Chispas Property, Sonora, Mexico", dated effective May 15, 2019, as amended July 19, 2019, available on SEDAR. Babi Norte now has a total of 274 drill holes, including Area 200, which will be part of the updated resource and initial reserve estimate for the Feasibility Study ("FS") to be released in late H1, 2020. The cutoff date for drill data to be included in the FS is the end of February 2020.

N. Eric Fier, CPG, P.Eng, and CEO, remarked, "Since the high-grade discovery in January 2018 of the Babicanora Vein, Area 51 zone, the SilverCrest technical team has been systematically testing out its theory of "the Nature of Multiples" for the potential to discover parallel high-grade precious metal veins and zones similar to Area 51. With the high-grade discoveries of Las Chispas Vein, Area 118, in November 2019, and now the Babi Norte Vein, Area 200, this work has proven effective. Area 200, approximately 500 metres in strike length, is now considered the highest-grade discovery to date at Las Chispas and, combined with the remaining 1.5 kilometres strike length of the Vein, is the longest mineralized vein in the district, surpassing the Babicanora Vein. Area 200 is proximal to the Santa Rosa Decline, suggesting it could be easily accessed with minimal underground development.
Congratulations to the SilverCrest team on another high-grade discovery and its ability to aggressively advance this for FS inclusion."

The most significant results for this release are Hole BAN19-274, at 1.4 metres (est. true width) grading 90.22 gpt Au and 9,422.3 gpt Ag, or 16,189 gpt AgEq, and Hole BAN19-213, which intersected 2.4 metres grading 45.71 gpt Au and 5,577.3 gpt Ag, or 9,006 gpt AgEq. Also, noteworthy is Hole BAN19-243 at 1.6 metres grading 75.78 gpt Au and 7,661.9 gpt Ag, or 13,345 gpt AgEq. The following table summarizes the most significant drill intercepts (uncut, undiluted);

Babicanora Norte Vein, Area 200 zone only:


Babicanora Norte Vein, Babicanora Area (all new significant holes greater than 1,000 gpt AgEq):


Note: all numbers are rounded. Based on a cutoff grade of 150 gpt AgEq with no minimum width.

* AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$17 per ounce silver and US$1,225 per ounce gold, with average metallurgical recoveries of 90% silver and 95% gold.

All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC, Canada and Bureau Veritas (Inspectorate Ltd.) in Hermosillo, Mexico.

In summary, of the 216 newly reported holes, 115 holes were below the cutoff grade. Specifically, holes BAN19-57, 58, 61 to 63, 65, 67 to 70, 72, 73, 75, 76, 81, 82, 84 to 86, 88, 89, 91 to 93, 96, 97, 100A, 105, 106, 112, 114 to 118, 121 to 123, 125 to 128, 131 to 134, 136, 139 to 144, 149, 152, 154, 155, 157, 159, 162 to 164, 168, 169, 171 to 173, 175, 176, 179 to 181, 184 to 186, 188, 190, 191, 193, 194, 196, 197, 199, 201, 203 to 205, 208, 212, 215, 217, 220 to 222, 224, 229 to 231 and BAN20-237, 241, 242, 244, 246, 248 to 250, 254, 255, 260, 262, 263, 266 and 270 to 272 intersected veining but were below the Company's cutoff grade of 150 gpt AgEq. BAN20-267 and BAN20-273 are pending assays and will be reported when available.

While drilling for the Babi Norte Vein, several intercepts were made in unnamed veins (hangingwall and footwall veins), with the most significant results below:

·        BAN19-66: 0.4 metres grading 4.25 gpt Au and 716.0 gpt Ag, or 1,035 gpt AgEq;
·        BAN19-71: 1.0 metres grading 1.93 gpt Au and 601.2 gpt Ag, or 746 gpt AgEq;
·        BAN19-80: 0.4 metres grading 4.84 gpt Au and 800.0 gpt Ag, or 1,163 gpt AgEq;
·        BAN19-95: 0.4 metres grading 17.0 gpt Au and 2,080.0 gpt Ag, or 3,359 gpt AgEq;
·        BAN19-120: 0.5 metres grading 3.68 gpt Au and 591.0 gpt Ag, or 867 gpt AgEq;
·        BAN19-167: 0.5 metres grading 27.10 gpt Au and 1,765 gpt Ag, or 3,798 gpt AgEq;
·        BAN19-182: 0.5 metres grading 7.46 gpt Au and 704.0 gpt Ag, or 1,263 gpt AgEq;
·        BAN19-225: 0.4 metres grading 9.22 gpt Au and 1,001.0 gpt Ag, or 1,692 gpt AgEq;
·        BAN19-228: 0.9 metres grading 3.75 gpt Au and 460.6 gpt Ag, or 742 gpt AgEq;
·        BAN20-253: 0.4 metres grading 19.45 gpt Au and 2,120 gpt Ag, or 3,579 gpt AgEq; and
·        BAN20-265: 0.9 metres grading 3.51 gpt Au and 622.6 gpt Ag, or 886 gpt AgEq.

Further work will be completed on these unnamed veins for possible inclusion into the ongoing updated resource and FS.

The discovery of Area 200 provides a better understanding of the Las Chispas epithermal vein mineralization, which should help to refine "the Nature of Multiples" testing of the next vein targets (see attached Figures). The Babi Norte Vein and Area 200 zone are still open to depth and down plunge. Current drilling focus is on expanding Area 200 and applying similar exploration methods which discovered Area 118 and Area 200 to the adjacent Babi Vista and unnamed Babicanora Norte HW and FW veins. SilverCrest has identified 36 veins on the Las Chispas project, with only 11 veins sufficiently drill-tested to-date for resource estimation and reserve consideration. The number of veins to be included in the FS is still being determined.

The Company now has 19 drill rigs operating at site and allocated as follows:

·        11 rigs focused on Babi Norte, including Area 200, where several additional in-fill and expansion holes will be completed in Q1, 2020;
·        one (1) rig on the Babicanora and Babicanora FW veins finalizing in-fill holes for updated resources and reserve estimation;
·        one rig (1) on the Babi Vista Vein for in-fill and expansion; and
·        six (6) rigs are drilling the Giovanni Vein, Las Chispas Vein, and Area 118 for in-fill and expansion for inclusion in the FS.

The Company has delivered the updated drill hole database as of February 13, 2020 for the Babicanora Area veins, excluding Babi Norte, to independent consultant, GMining Services Inc. ("GMining"), for updated resource estimation and reserve estimation in the ongoing Feasibility Study anticipated in late H1, 2020. The remaining data including Las Chispas Area veins and Babi Norte Vein will be submitted to GMining by the end of February 2020.
The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is N. Eric Fier, CPG, P.Eng, and CEO for SilverCrest, who has reviewed and approved its contents.

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. The Las Chispas Project consists of 28 100%-owned mineral concessions where all of the resources are located. SilverCrest is the first company to successfully drill-test the historic Las Chispas Project, resulting in numerous discoveries that are being evaluated for economic viability and potential production in the future. 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.

FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" and "forward-looking information" (collectively, "forward-looking statements") within the meaning of Canadian and United States securities legislation. These include, without limitation, statements with respect to: the strategic plans, timing and expectations for the Company's exploration and drilling programs of the Las Chispas Property, including metallurgical test, mineralization estimates and grades for drill intercepts, permitting for various work, and optimizing and updating the Company's resource model and preparing a feasibility study; information with respect to high grade areas and size of veins projected from underground sampling results and drilling results; and the accessibility of future mining at the Las Chispas Property. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: the reliability of mineralization estimates, the conditions in general economic and financial markets; availability of skilled labour; timing and amount of expenditures related to rehabilitation and drilling programs; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including: the timing and content of work programs; results of exploration activities; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.





Figure 1: Babicanora Area Plan Map - February 2020



Figure 2: Babicanora Area, Looking Southwest


Figure 3: Long Section (Inclined) of Babicanora Norte (BAN) Vein Looking Southwest


Figure 4: Insert 1 - Long Section (Inclined) Babicanora Norte Vein, BAN Area 200 Looking Southwest

Figure 5: Insert 2 - Long Section (Inclined) Babicanora Norte Vein, BAN Central Looking Southwest

Figure 6: Insert 3 - Long Section (Inclined) Babicanora Norte Vein, BAN NW Looking Southwest

N. Eric Fier, CPG, P.Eng
Chief Executive Officer
SilverCrest Metals Inc.

For Further Information:
SilverCrest Metals Inc.
Contact: Jacy Zerb, Investor Relations Manager
Telephone: +1 (604) 694-1730
Fax: +1 (604) 357-1313
Toll Free: 1-866-691-1730 (Canada & USA)
Email: info@silvercrestmetals.com
Website: 
www.silvercrestmetals.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1

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



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