SilverCrest Metals Inc. ($SIL.V) Team Does it Again: First Drill Hole Results From Las Chispas; Multiple
Drill Intercepts of Greater Than 2,000 gpt AgEq*
Point Roberts,
WA, Delta BC – August 4, 2016 – Investorideas.com, a global news source and
investor resource covering actively traded sectors including mining stocks ,
issues an update on featured mining company, SilverCrest Metals Inc. (TSXV: $SIL.V; OTC: SVCMF).
Earlier
this week the company updated shareholders with first drill hole results from
Las Chispas.
The
stock is trading today at $3.24, up 0.55(20.45%) on over 244,000 shares, with a
high of $3.25.
News: SilverCrest Metals Inc.
(TSXV: $SIL.V) ("SilverCrest" or the "Company") announced
the first drill hole results at its Las Chispas Project ("Las
Chispas") located in Sonora State, Mexico . Las Chispas is in a historic
silver-gold mining district which presently hosts two nearby precious metal
producers. Historic information indicates that only three veins, the Las
Chispas, William Tell and Babicanora, of the fourteen historically reported
veins at Las Chispas had documented production, between 1880 and 1930. SilverCrest's
initial focus is on these three veins. To the Company's knowledge, none of the
known veins have been drilled prior to the Company's current campaign. For more
information, please refer to our website at www.silvercrestmetals.com.
N. Eric Fier, CPG, P.Eng, President & CEO
remarked, "The initial Las Chispas drill hole results received to date are
impressive. Not only do they indicate bonanza grades of up to*** 18.55 gpt Au
and 2,460 gpt Ag or 3,851.3 gpt AgEq*, but also show mineralized widths up to
7.2 metres in estimated true thickness. These first results have exceeded our
expectations and appear to confirm that historic mining completed in the early
1900's has left behind substantial unexplored, unmined and easily accessible
high grade mineralization. Until now, we have only been guided by what we could
access from the estimated 11.5 kilometres of historic underground workings with
approximate mined widths of 1 to 3 metres. Our drilling adjacent to historic
workings now suggests that 1 to 3 metres may be the minimum widths of the Las
Chispas vein. By combining our recent underground sampling and new drill
results for the first of several veins to be explored, we have begun to
discover the hidden potential of this district-wide play. This news release is
the first of a series of releases on Phase I drill results and other activities
to be announced over the next several weeks."
The most significant core drilling results for this
release are 4.6 metres wide grading 4.56 grams per tonne ("gpt") gold
("Au") and 621.5 gpt silver ("Ag"), or 963.2 gpt silver
equivalent ("AgEq"* uncut, undiluted, see attached Figure) including
0.8 metres grading 3,851.3 gpt AgEq (see attached Photo) in hole LC16-05. Also
noteworthy is 7.2 metres wide grading 2.41 gpt Au and 311.5 gpt Ag, or 492.5
gpt AgEq* in hole LC16-08.
In April this year, Investorideas.com interviewed N. Eric Fier, CPG, P.Eng and President, CEO, Director of
SilverCrest Metals and how his team was going to recreate the previous success of SilverCrest Mines Inc. Eric talked about their focus on Mexico properties
in both past and current ventures, SilverCrest Mines Inc and SilverCrest Metals
and gives insight on why Mexico is a recipe for success for his team.
Video: Published
on Apr 6, 2016
Investorideas.com
interview with N. Eric Fier, CPG, P.Eng and President, CEO, Director of
SilverCrest Metals. (TSXV: SIL.V; OTC: SVCMF).
About Investorideas.com - News that Inspires Big Ideas
Sectors we cover in include mining, energy,
renewable energy, water stocks, food and beverage (including organic and LOHAS,
wine), defense and security, biotech, technology and mobile. We have also expanded
our global coverage to include Latin American stocks, the Middle East, sports
and entertainment.
Investor Ideas Directories for global investors:
From water stocks to gold and mining stocks,
renewable energy, nanotech, defense, technology, biotech and more – use our
stock directories and access them online 24/7 with login as a member to find
your next big idea!
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: http://www.investorideas.com/About/Disclaimer.asp .Disclosure: SilverCrest Metals is an annual
publishing client of Investorideas.com, publishing news, video and social
media. More info http://www.investorideas.com/About/News/Clientspecifics.asp
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.
Contact Investorideas.com
800-665-0411
No comments:
Post a Comment