Monday, January 29, 2018

SilverCrest (TSXV: $SIL.V; OTCQX: $SVCMF) Expands Babicanora High-Grade Footprint to 1.3 Kilometres; More Bonanza Grades

SilverCrest (TSXV: $SIL.V; OTCQX: $SVCMF) Expands Babicanora High-Grade Footprint to 1.3 Kilometres; More Bonanza Grades



Vancouver, British Columbia - January 29, 2018 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSXV: SIL.VOTCQX: 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. Step out drilling of the Babicanora Vein continues to intersect high-grade mineralization with an increase in the reported high-grade footprint from 1,000 to 1,300 metres along strike length (see attached Figures).


There are 19 known epithermal veins on the Property, nine of which have been drilled, consisting of the Babicanora, Babicanora Footwall, Las Chispas, Giovanni, La Blanquita, William Tell, Varela, Granaditas and Amethyst veins. SilverCrest has intersected high-grade silver-gold mineralization in each of the nine veins drilled to date. Five to six of these veins will be included in the upcoming maiden resource estimate to be announced in Q1 2018.

N. Eric Fier, CPG, P.Eng and CEO, remarked, "Our drilling on the Babicanora Vein continues to expand the high-grade precious metal mineralization along a drill-tested strike length of 1.3 kilometres. The southeast extension of the Babicanora Vein, known as "Area 51" after the discovery hole, appears to be expanding in height to over 200 metres and remains open along strike and to depth. Area 51 has multiple bonanza grade intercepts within its near-surface high-grade footprint. We are only weeks away from finishing our final drill holes for incorporation into the anticipated Las Chispas maiden resource estimate." The most significant result for this release was returned from Hole BA17-63, which intersected 3.5 metres (true width) grading 41.05 grams per tonne ("gpt") gold and 1,074.5 gpt silver, or 4,153 gpt silver equivalent ("AgEq", based on 75 (Ag):1 (Au) and 100% metallurgical recovery). Also noteworthy is Hole BA18-65 at 3.8 metres grading 12.13 gpt gold and 1,411.6 gpt silver, or 2,321 gpt AgEq and Hole BA17-52 at 2.7 metres grading 7.20 gpt gold and 593.9 gpt silver, or 1,134 gpt AgEq. 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.

All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC, Canada. Drill holes BA17-55, 57, 60, and 62 intercepted anomalous mineralization, but are below the Company's 150 gpt AgEq cutoff. Hole BA17-54 was drilled in the footwall of the Babicanora Vein and deviated, missing its intended target. Drill success rate for the Babicanora Vein to date is over 70% hits in the high-grade footprint. Holes BA17-52, 53, 63, 64 and 65 intercepted bonanza grades consisting of argentite, electrum, native silver and visible gold. Area 51's high-grade footprint (Babicanora Vein southeast extension) now measures approximately 400 metres long by an average 200 metres high by 2.7 metres in average true width (see attached Figures). Fourteen (14) drill holes have pierced the Area 51 high-grade footprint with an uncut, undiluted weighted average grade of 12.79 gpt Au and 1,084.4 gpt Ag, or 2,044 gpt AgEq. Eleven (11) of the fourteen (14) drill holes intercepted bonanza grades greater than 1,000 gpt AgEq. This target is open to the southeast and to depth. The Babicanora Vein high-grade footprint, including Area 51, now measures approximately 1,300 metres long by an average 160 metres high by 3.0 metres in average true width. Forty eight (48) drill holes have pierced the high-grade footprint in the vein with an uncut, undiluted weighted average grade of 5.89 gpt gold and 480.9 gpt silver, or 923 gpt AgEq. Further drilling is ongoing with 6 to 8 more step out holes to be incorporated into the upcoming maiden resource.

The Company anticipates concluding its expanded Phase II program by early February 2018, with final results to be incorporated into the maiden resource estimate to be announced in Q1 2018. The program will transition into the Company's Phase III exploration program for 2018, which will include continued step-out and infill drilling at the Babicanora Vein, underground drilling on the Las Chispas and Giovanni veins and initial drilling on several other veins in the district. Approximately 10,000 to 15,000 metres of drilling are planned for H1 2018 utilizing 6 to 7 surface and underground drills. 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. 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.

FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. These include, without limitation, statements with respect to: the strategic plans, timing and expectations for the Company's exploration, rehabilitation and drilling programs of the Las Chispas Property, including preparation of an initial resource estimate, preliminary economic assessment and updated resource estimate; 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 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.

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For Further 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)
Email: info@silvercrestmetals.com
Website:
www.silvercrestmetals.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1







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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.






Friday, January 26, 2018

Investor Ideas Adds New #Stocks in #Mining, #Energy, #Biotech, Luxury Brands and Renewable Energy

Investor Ideas Adds New #Stocks in #Mining, #Energy, #Biotech, Luxury Brands and Renewable Energy



Point Roberts, WA, Delta BC – January 26, 2018 – Investorideas.com, a global news source and leading investor resource covering actively traded sectors announces this week’s additions to its global stock directories in mining, energy, biotech, luxury and renewable energy.

Investorideas.com tracks companies in high-profile trading sectors and makes ongoing additions to its stock directories for its members.  Free previews of all directories are available to the public with full login access only accessible to members.


The newest mining companies are all listed on Canadian Exchanges (CSE & TSX Venture) and are involved in gold and cobalt mining and exploration.

The latest energy companies, EMERGE ENERGY SERVICES LP (NYSE:EMES) and SMART SAND, INC. (NasdaqGS:SND) are both involved in providing oilfield and natural gas sector services in the form of sands used in hydraulic fracturing of oil and natural gas wells.

New biotech companies are Australia Stock Exchange (ASX) listed, as is the latest luxury jewelry company.

Also new in luxury brands is the US’s largest recreational boat and yacht retailer, MARINEMAX INC (NYSE:HZO).

The latest addition in renewable energy is Lightbridge Corporation (NasdaqCM:LTBR), a nuclear fuel technology development company.

New Mining Companies Added:
Coronet Metals Inc. (CSE:CRF; OTC: CORMF) is engaged in the business of acquiring, exploring and developing natural resource properties, with a focus on precious mineral properties/projects that have the potential for both near-term cash flow and significant exploration upside potential. Coronet's White Caps gold project is near the town of Manhattan in Northern Nye county. The project is well in line with its strategy of acquiring precious metal mining projects that have the potential for both near-term cash flow and exploration upside. The company continues to pursue other near-term, promising high-value gold and silver projects in the area that will augment its 120 patented and unpatented claims in the Manhattan district in Nevada.

ePower Metals Inc. (TSX: EPWR.V) is committed to creating significant shareholder value by advancing a high-quality property portfolio of cobalt and other projects that the company believes are undervalued, strategically positioned and have the potential to provide future supply to the growing rechargeable battery sector. The Panther Creek cobalt project in Idaho, USA meets all these criteria and is the first project in ePower Metals’ portfolio. Panther Creek demonstrates cobalt grades and widths that are comparable to the nearby eCobalt Solutions Inc.’s permitted Ram mine. The 2.3-mile Long Dike-Sweet Repose cobalt trend gives ePower Metal a lot of room to identify significant cobalt resources.

Labrador Gold Corp. (TSX: LAB.Vis a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in the Americas. 

New Energy Companies Added:
EMERGE ENERGY SERVICES LP (NYSE:EMES) is a growth-oriented limited partnership engaged in the business of mining, producing, and distributing silica sand, a key input for the hydraulic fracturing of oil and natural gas wells, through its subsidiary Superior Silica Sands LLC.

SMART SAND, INC. (NasdaqGS:SND) is a pure-play, low-cost producer of high-quality Northern White raw frac sand, which is a preferred proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells.  Northern White raw frac sand, which is found predominantly in Wisconsin and limited portions of Minnesota and Illinois, is highly valued by oil and natural gas producers as a preferred proppant due to its favorable physical characteristics

New Biotech Companies Added:
Lifespot Health (ASX: LSH.AX) focuses on the development and commercialization of medical diagnostic and monitoring technology. The company is developing the BodyTel System that facilitates the management of chronic diseases, and assists with the measurement of functions and indicators, as well as monitoring of prescribed therapies for chronic diseases; and the Lifespot Skin System that facilitates the diagnosis and treatment of skin diseases.

Stemcell United (ASX: SCU.AX) together with its subsidiaries, operates as a biotechnology company in Australia, Singapore, and Hong Kong. It focuses on using its proprietary stem cell technology to grow and extract plant essence for use in traditional medicines and cosmetic products. The company's products include Dendrobium Officinale Kimura et Migo, an orchid extract; and Resina, a Daemonorops Draco Blume extract. It serves traditional Chinese medicine (TCM) distributors and TCM manufacturing companies.

New Luxury Brand Companies Added:
Atlas Pearls (ASX: ATP.AX) produces and supplies south sea pearls in Australia, Indonesia, and internationally. The company operates through Wholesale Loose Pearl and Jewellery segments. It owns and operates silver and white pearl farms. The company also manufactures and sells pearl jewelry and related products, including rings, earrings, cuffs and bracelets, strands, necklaces and pendants, and cufflinks. In addition, it operates retail stores in Perth and Bali.

MARINEMAX INC (NYSE:HZO) is the nation’s largest recreational boat and yacht retailer. Focused on premium brands, such as Sea Ray, Boston Whaler, Meridian, Hatteras, Azimut Yachts, Ocean Alexander, Galeon, Grady-White, Harris, Crest, Bennington, Scout, Sailfish, Sea Pro, Sportsman, Scarab Jet Boats, Yamaha Jet Boats, Aquila, and Nautique, MarineMax sells new and used recreational boats and related marine products and services as well as provides yacht brokerage and charter services. MarineMax currently has 62 retail locations in Alabama, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, South Carolina and Texas and operates MarineMax Vacations in Tortola, British Virgin Islands.

New Renewable Energy Companies Added:
Lightbridge Corporation (NasdaqCM:LTBR) is a nuclear fuel technology development company based in Reston, Virginia, USA. The Company develops proprietary next generation nuclear fuel technologies for current and future reactors. The technology significantly enhances the economics and safety of nuclear power, operating about 1000° C cooler than standard fuel. Lightbridge invented, patented and has independently validated the technology, including successful demonstration of the fuel in a research reactor with near-term plans to demonstrate the fuel under commercial reactor conditions. The Company has assembled a world class development team including veterans of leading global fuel manufacturers. Four large electric utilities that generate about half the nuclear power in the US already advise Lightbridge on fuel development and deployment. The Company operates under a licensing and royalty model, independently validated and based on the increased power generated by Lightbridge-designed fuel and high ROI for operators of existing and new reactors. The economic benefits are further enhanced by anticipated carbon credits available under the Clean Power Plan. Lightbridge also provides comprehensive advisory services for established and emerging nuclear programs based on a philosophy of transparency, non-proliferation, safety and operational excellence

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

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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.

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Wednesday, January 24, 2018

Investor Ideas at 2018 VRIC; Hear Thought Leaders on #ICOs and #Blockchain, #Mining and the Economy; @Cambridge

Investor Ideas at 2018 VRIC; Hear Thought Leaders on #ICOs and #Blockchain, #Mining and the Economy; @Cambridge

Frank Holmes of U.S. Global Investors and Chairman of HIVE Blockchain Technologies Ltd (TSX.V: #HIVE.V), Peter Schiff, President and CEO of Euro Pacific Capital, Amir Adnani of Uranium Energy Corp (NYSE: $UEC), Eric Fier, CEO and Director of SilverCrest Metals Inc. (TSX.V: $SIL.V) at VRIC



Point Roberts WA, Delta BC - January 24, 2018 - Investorideas.com, a leader in top sectors including mining and precious metals with its Bitcoin and blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com issue  audio and commentary from the recent Vancouver Resource Investment Conference.

The 2018 Vancouver Resource Investment Conference (VRIC), held at the Vancouver Convention Centre on January 21 and 22 in Vancouver, Canada, attracted over 8000 attendees, speakers and exhibitors meeting to explore 250 public and private resource and mining companies.


Among the more eagerly awaited speakers was Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors Inc., and Chairman of HIVE Blockchain Technologies Ltd (TSX.V: HIVE). Holmes’s speech, titled “My Journey Thru the Blockchain and Cryptocurrency World”, enthusiastically highlighted the emerging blockchain technology that underpins HIVE, and the shift happening in the investment community toward cryptocurrency and initial coin offerings (ICO’s).

Listen to Audio Summary of Speakers at 2018 Vancouver Resource Investment Conference (VRIC):  http://www.investorideas.com/Audio/Podcasts/012418-VRIC.mp3

Holmes said a part of the growth of ICO’s was the change in values between his generation and young people today.

“There are more millennials than there are baby-boomers,” he said. “The baby-boomers have all the capital, but the millennials have the technology. And their world, their values and beliefs are very different from ours. This is why the ICO’s are growing rapidly and they are taking away a lot of money from junior mining. Last year $4 billion dollars went into these initial coin offerings (ICO’s).”

Holmes also mentioned the speed and convenience of getting involved with cryptocurrencies and how it has led to greater flow of money in non-traditional investment models.

“It’s so easy to open an account at Coinbase; like five minutes. It can take two days to open an account at Schwab,” he said. “There’s a big shift happening. Crowdfunding garnered $50 billion dollars last year outside of the normal securities market.”

Holmes attributes the success of blockchain in part to Bitcoin, which he said was comparable to the impact of email.

“Bitcoin is like the email that woke up the internet,” he said. “When the internet first came out it was basically a place for gambling and porn, and it was slow at both. And then all of a sudden along came email, with AOL, and everyone started using it. What Bitcoin is doing for blockchain is the same thing.”

Another high profile speaker was Peter Schiff, President and CEO of Euro Pacific Capital, who had a more pessimistic speech titled, “The Real Financial Crisis is the one That’s About to Hit.”

Schiff burst the bubble of many investors by demonstrating the artificiality of the stock market boom and the U.S. economy under Trump.

“The economy has not improved under Trump,” he said. “We don’t have a booming economy. Trump keeps telling us we have a booming economy, but nothing is booming.”

Schiff disputed the impact and validity of unemployment figures.

“Yes the unemployment rate keeps going down, but it was going down before Trump became president,” he said. “The trends that have continued are the collapse of labour force participation and the proliferation of part-time jobs. In fact, real wage growth is actually lower.”

Schiff said the tax cuts under Trump will not benefit the economy because government spending has not been reduced to correspond with lower budget.

“Are they going to grow the economy? No, because they didn’t cut government spending,” he said. “You don’t get government for nothing. Taxes pay for government, but if you cut taxes and you don’t cut government, how do you pay for that government? That’s all we did with the Republican tax cuts. We decided to borrow the money instead of raise it with taxes.”

Though there was a lot of talk about cryptocurrencies and blockchain, the conference was still dominated by resource and energy companies. Amir Adnani, founder and CEO of Uranium Energy Corp (NYSE: UEC), spoke about the increasing focus that the Trump government has placed on uranium, which the country still mostly has to import.

“This is about Trump having appointed Rick Perry, the former governor of Texas, the energy capital of the U.S., to lead the department of energy, and has given him a mandate to make the states more focused on this issue of uranium imports,” he said. “Almost 98 percent of U.S. uranium requirements are being imported.”

In anticipation of a healthier uranium market in the U.S., Adnani talked about his company’s impressive assets and robust position to take advantage of any opportunities in the market.

“We look at the downturn in the uranium market as an acquisition opportunity,” he said. “We’re aggressively making acquisitions. After 13 years of building this company, today, our asset portfolio is diversified and large. We have 99 million pounds of uranium in the ground, 70 million pounds of vanadium, and the world’s largest highest grade titanium deposit in Paraguay.”

“If uranium prices go up tomorrow, we don’t have a CAPEX to finance to build a processing plant. It’s there, it’s permitted for two million pounds per year.”

In a workshop, Eric Fier, CEO and Director of SilverCrest Metals Inc. (TSXV: SIL.V; OTCQX: SVCMF) gave some background to the company’s Las Chispas property in Mexico and brought investors up to date on its findings.

“The Las Chispas property historically started production in 1790 with the Spanish,” he said. “It produced intermittently up to 1930. There was approximately 100,000 ounces of gold and a significant amount of silver. We didn’t think we’d be finding such grades, but that’s what we’ve been hitting over the last two years in our exploration program.”

“This resource will be one of the highest grade silver to silver-gold, silver equivalent ratio in the industry.”

By Samuel Mowers, Investor Ideas

About 2018 Vancouver Resource Investment Conference; @Cambridge

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

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Amir Adnani, founder and CEO of Uranium Energy Corp (NYSE: UEC)



Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors Inc., and Chairman of HIVE Blockchain Technologies Ltd (TSX.V: HIVE)


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Monday, January 22, 2018

SilverCrest (TSXV: $SIL.V; OTCQX: $SVCMF) Summarizes Successful 2017 and Provides Outlook For 2018

SilverCrest (TSXV: $SIL.V; OTCQX: $SVCMF) Summarizes Successful 2017 and Provides Outlook For 2018



Vancouver, British Columbia - January 22, 2018 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSXV: SIL.VOTCQX: SVCMF) ("SilverCrest" or the "Company") is pleased to present a summary of its 2017 results and 2018 outlook for its Las Chispas Property ("Las Chispas") located in Sonora, Mexico.




Las Chispas Vein - Recent Sampling Results (CNW Group/SilverCrest Metals Inc.)

N. Eric Fier, CPG, P.Eng and CEO, remarked: "2017 was a very successful year for SilverCrest with multiple high-grade discoveries at Las Chispas. We have now drilled over 40,000 metres in the district with our current focus on increasing the high-grade footprints of the Babicanora, Las Chispas, and Giovanni veins in preparation for the upcoming maiden resource in Q1. The Babicanora Vein will be the largest contributor to the resource with an impressive high-grade precious metal footprint of over 1.0 kilometre in strike length. Even with our aggressive exploration program in 2017, we have only partially drill-tested 3.5 kilometres of the known 12 cumulative kilometres (19 epithermal veins) in known vein strike length. After the announcement of the maiden resource in Q1 2018, we hope to continue to add value through further in-fill and expansion drilling, complete an updated resource in H2 of this year, and complete a Preliminary Economic Assessment (PEA) in H2 as well. Lastly, I would like to thank all of our shareholders and communities for their continuing support and we are looking forward to another exciting year for the Company."

2017 Highlights & Discoveries to Date:
In 2017, SilverCrest drilled 32,822 metres in 125 drill holes at Las Chispas. Up to the end of 2017, the Company has drilled a total of 41,418 metres in 157 drill holes. The Las Chispas database now consists of 293 drill hole intercepts, above 150 grams per tonne ("gpt") silver equivalent ("AqEq", based on 75 (Ag):1 (Au) and 100% metallurgical recovery) cutoff, with a weighted average grade of 908 gpt AgEq and "uncomposited" length of 0.9 metres. Drilling has resulted in multiple discoveries and demonstrated strong vein continuity of high-grade mineralization along strike and to depth (see attached Figures). The discoveries and achievements are highlighted below, with a summary of the 15 most significant drill intercepts following these bullet points.
  • Babicanora Vein: Drilling suggests an estimated true width of 3.0 to 3.5 metres, a high-grade footprint length of over 1.0 kilometre and a precious metals zone of 125 to 175 metres high. Numerous bonanza grade drill-intercepts were encountered and the vein remains open along strike and to depth. Hole BA17-51 intercepted 3.1 metres grading 40.45 gpt Au and 5,375.2 gpt Ag (or 8,409 gpt AgEq). This hole, along with others in the area, have discovered a bonanza grade zone which is now called "Area 51". Area 51 is currently 250 metres along vein strike, approximate 100 metres high with an average true width of 2.8 metres and open. The average uncut grade from five drill holes previously reported in Area 51 is 17.74 gpt Au and 1,894.0 gpt Ag (or 3,225 gpt AgEq).
  • Babicanora Footwall (FW) Vein: Drilling suggests an estimated true width of 1.5 metres with a strike length of 1.0 kilometre. High-grade intercepts have been encountered in this vein, which lies within 20 to 30 metres off the main Babicanora Vein.
  • Giovanni Vein: Subparallel to the Las Chispas Vein with only minor historic workings. The vein has an estimated true width of 2.0 metres with high-grade drill-intercepts over a 250 metre strike length to a depth of 200 metres from surface. The vein remains open along strike and to depth.
  • La Blanquita Vein: A possible Giovanni extension, the vein is located approximately 500 metres along a south strike from Giovanni. High grade mineralization was intersected in holes LC17-60 (2.1 metres grading 641 gpt AgEq) and LC17-61 (1.6 metres grading 695 gpt AgEq).
  • Las Chispas Vein: Underground workings at the Las Chispas Vein are extensive, with over 10 of the known 11.5 kilometres rehabilitated by the Company. Ground conditions are excellent and several high-grade pillars remain intact and readily accessible. Drilling results (for example, hole LC17-45 that intercepted 1.9 metres grading 8,803 gpt AgEq) and systematic underground channel sampling of these pillars and surrounding area show accessible intact bonanza grade mineralization (see attached Figures).
  • Granaditas and Amethyst Veins: Two holes intersected the Granaditas Vein over 0.5 to 1.7 metres in true widths, returning grades of 174 to 462 gpt AgEq and anomalous grades of base metals. Drilling the Amethyst Vein intersected near surface high-grade mineralization approximately 200 metres southwest of the Babicanora Vein with one intersection returning 2.0 metres of 307 gpt AgEq.
  • Tajo Chico Vein: The Tajo Chico Vein is a high-grade splay of the Las Chispas Vein and underground drilling intercepted the unmined high-grade extension returning 6.3 metres grading of 1.97 gpt Au and 241.4 gpt Ag (or 389 gpt AgEq) from LCU17-04.
  • Historic Dumps: The Company commenced testing of historical dumps (est. 150,000 to 200,000 tonnes) in the district through a program of trenching, auger drilling, grab samples, and survey. SilverCrest expects to finish the testing program in early 2018 for inclusion in the maiden resource estimate.
  • High initial metallurgical recoveries: Based on the same CCD-Merrill Crowe plant specifications at the nearby Santa Elena Mine (25 kilometres south of Las Chispas), SilverCrest tested representative composited materials with an average head grade of 3.81 gpt Au and 350.3 gpt Ag (or 636 gpt AgEq) which showed 98.9% recoveries for gold and 86.6% recoveries for silver.
  • Secured surface rights and access to Las Chispas: With the purchase of a 2,500-hectare ranch, the Company now owns approximately 50% of the surface rights for the Las Chispas. The remaining surface rights are secured under 20 year leases with a nominal annual fee.
Las Chispas Project - Top 15 Composited Drill Intercepts, uncut undiluted

Note: The 15 composited drill intercepts listed above are a subset of 293 uncomposited intercepts with a weighted average grade of 5.1 gpt Au and 525.3 pgt Ag or 908 gpt AgEq* (uncut, undiluted) over and average width of 0.9m. *AgEq based on 75 (Ag): 1(Au) and 100% metallurgical recovery.

2018 Outlook:
  • Maiden Resource Estimate Q1 2018: Targeting the release of a maiden resource estimate in Q1 2018, it will consist of at least five of the 19 known veins at Las Chispas; the Babicanora, Babicanora FW, Giovanni, Las Chispas, and William Tell veins. The historic dumps will also be included in the estimate.
  • District Scale Potential: 19 epithermal veins confirmed to date in the Las Chispas district, nine of which have been partially drilled. All nine veins drill-intercepted high-grade (>600 gpt AgEq) silver-gold mineralization. To date, SilverCrest has traced 12 kilometres of cumulative vein strike length of which 3.5 kilometres have been partially drilled. With further success, additional drilling will be completed for most of the year.
  • Babicanora Vein and Area is 2018 focus: drill-tested over 1.0 kilometre of vein strike length with a surface strike length of 3.2 kilometres. The Company will continue to focus drilling on the Babicanora Vein to fully test the strike length and depth. With continued success on expanding the high-grade footprint of the Babicanora Vein to the southeast and at depth, the Company may consider constructing a 500 to 700 metres long decline in 2018. The decline would intercept the bonanza grade zone in Area 51 for direct testing and improve access to provide a platform for shorter infill and expansion drill holes.
  • New vein discoveries: 10 of the 19 veins identified on the Las Chispas district have yet to be drill-tested. In H1 2018, besides further expansion of veins with imminent resources, SilverCrest plans to drill-test the Amethyst, Babi Sur and La Victoria veins, as well as the Las Chispas Vein extension to the southeast.
  • Bulk Sample: The Company is permitted for a 100,000 tonne bulk sample to be processed off-site. Discussions will continue with surrounding mines in 2018 for a possible bulk sample from Las Chispas to assist with economic studies and potential early cash flow.
  • Environmental and Hydrology baseline studies: With a successful maiden resource, studies will be initiated for longer-term permitting requirements.
  • Updated resource and PEA H2 2018: During H1, 2018, SilverCrest plans to drill an additional 10,000 to 15,000 metres, focusing on a planned update resource and completed PEA in H2 2018.
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. 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.

FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. These include, without limitation, statements with respect to: the strategic plans, timing and expectations for the Company's exploration, rehabilitation and drilling programs of the Las Chispas Property, including preparation of an initial resource estimate, preliminary economic assessment and updated resource estimate; 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 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.

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For Further 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)
Email: info@silvercrestmetals.com
Website:
www.silvercrestmetals.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1


Las Chispas Property - Plan Map (CNW Group/SilverCrest Metals Inc.)


Vertical Long Section of Giovanni & Las Chispas Veins - Las Chispas Property Looking East (CNW Group/SilverCrest Metals Inc.)




Long Section (Inclined) of Babicanora Vein - Las Chispas Property, Looking Southwest (CNW Group/SilverCrest Metals Inc.)


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