Investorideas.com - Mining in Chile, Peru, Mexico and Colombia; Some of the Players

Investorideas.com - Mining in Chile, Peru, Mexico and Colombia; Some of the Players

New York, New York –July 10, 2013– (www.investorideas.com newswire,) Investorideas.com, an investor research portal specializing in sector research for independent investors including mining stocks,  issues an updated list of mining stocks doing business and operating in Chile, Peru, Mexico and Colombia, members of the Pacific Alliance.

Almaden Minerals Ltd. (TSX:AMM.TO) is an exploration company generating new gold silver and copper prospects in North America.  For nearly 20 years, Almaden has built an unrivalled geological database of Eastern Mexico using historical prospects, Aster satellite imagery, geological and geophysical data, and helicopter-supported prospecting and fieldwork.   The company has identified and evaluated thousands of targets from the USA border to Guatemala, and has staked over 40 new properties.  The Ixtaca Zone was discovered by Almaden’s grassroots exploration program, and in 2010 Almaden announced the results from the first hole ever drilled in the Ixtaca Zone, discovery hole TU10-01 averaged 1.01 g/t gold and 48 g/t silver over 302 meters from the base of the overburden to the end of the hole.  The 2012 drill program is currently underway with four drills, and over 100 holes have been drilled.  Almaden’s other discoveries in Eastern Mexico include the Caballo Blanco Gold Deposit which was sold to GoldgroupMining Inc. for shares, cash, and 1.5%NSR. and the El Cobre Gold-Copper Project.  The El Cobre is 100% owned by Almaden and has potential for a similar gold-copper mineralization as the Maricunga Belt in Chile. 

Angel Gold Corp. (TSX:CA.V) an exploration stage company, engages in the identification, acquisition, and exploration of mineral properties in Colombia. The company primarily explores for gold. Its projects include the Buritica West Gold Project, a 375 hectare concession located in the Department of Antioquia; and the El Cafetal Gold Project, a 135 hectare mine located 12 kilometers north of the Marmato disseminated gold-silver district. The company was formerly known as Caerus Resource Corporation and changed its name to Angel Gold Corp. in October 2012.

AngloGold Ashanti Ltd. (NYSE:AU) one of the world’s foremost gold exploration, mining and marketing companies, holds a portfolio of operations and projects on four continents, and has a worldwide exploration programme. We work across the full spectrum of the mining value chain, and are concerned with the impact of our activities on the diverse communities and environments in which we operate. Headquartered in Johannesburg, South Africa, AngloGold Ashanti has 21 operations in 10 countries. Major development projects are Tropicana located in Australia, Kibali in the Democratic Republic of the Congo (DRC) and La Colosa in Colombia.

Animas Resources Ltd. (TSX:ANI.V) a North American mineral resource company focused on acquisition and discovery, consolidated the Santa Teresa District's Santa Gertrudis precious metal and related deposits and prospects within a 562 square kilometer land holding. Our mission is to grow Animas through development, discovery and acquisition of high-quality mineral deposits and to build upon the historic gold resource base at Santa Gertrudis, Mexico, and maintain a pipeline of only the highest quality projects.

Antioquia Gold Inc. (TSX:AGD.V) has been exploring for precious metals in Colombia since 2007 where its current holdings are close to 40,000 hectares located throughout Colombia. Antioquia's principal asset, which is being actively explored, is its 5,630 hectare Cisneros Project, located 55 km northeast of Medellin in the Department of Antioquia, Colombia. At the Cisneros Project the Company has conducted extensive geochemical and geophysical programs over the entire property and has identified to date eleven (11) exploration zones. On the original discovery zone it has drilled over 45,000 metres and is well versed in the understanding of the deposit type and the project's path to resource definition and production.

Avino Silver and Gold Mines Ltd. (TSX:ASM.V) is an experienced, Vancouver based mining and exploration firm with properties in Mexico and Canada. The company's primary goal is to reactivate the Avino silver-gold-copper-zinc-lead mine in Mexico, which Avino operated for 27 years beginning in 1974. Low metal prices and the closure of a key smelter forced the operation to close in 2001. Current metal markets and high-grade discoveries on the property's San Gonzalo vein have greatly improved the economics and feasibility for potential production. Since 2007, Avino has invested in extensive rehabilitation and modernization of the mill. A 10,000-tonne bulk sample in 2010 is expected to move the project closer to a production decision.

B2 Gold Corp. (TSX:BTO.TO) is a Vancouver based gold producer with three operating mines (two in Nicaragua and one in the Philippines) and a strong portfolio of development and exploration assets in Nicaragua, Colombia, Namibia and Uruguay. Gramalote Property, Colombia: The Company and joint venture partner AngloGold are in the process of completing a prefeasibility study on the Gramalote property, located 80 kilometres northeast of Medellin in central Colombia. Additional test work and engineering associated with identified potential opportunities are being carried out. A supplemental budget of $26.1 million (100%) was approved covering the period from December 2012 through February 2013 and included trade-off studies to conform the optimum size of the project, additional land acquisitions, exploration and development drilling and community and social programs. Each partner has funded its share of expenditures pro-rata. Based on positive exploration results, exploration and development drilling will continue through July 2013 to better define the mineral resource and assure that the optimum plant size is determined. Work programs and engineering associated with the completion of the Environmental Impact Assessment ("EIA") will also be completed during this period so that the EIA can be submitted to government authorities in August 2013. As a result of this additional work, the final prefeasibility results will be complete in the third quarter of 2013. This will allow sufficient time for the inclusion of new information, an updated mineral resource estimate and potential modifications to the prefeasibility study. The final feasibility study is scheduled to be completed by the fourth quarter of 2014. The Company is currently in discussions with AngloGold to agree on work programs and a budget from May 2013 through October 2013, to complete the prefeasibility at which time a decision will be made on whether to advance the project to final feasibility. The Company believes the Gramalote project has the potential to become a large scale open pit gold mine (subject to completion of a Feasibility Study, permitting and financing).

Batero Gold (TSX:BAT.V) is a precious and base metals exploration and development Company. The Company is focused on two primary objectives. The first of these objectives is the advancement of the La Cumbre oxide deposit. La Cumbre is located within the Company's 100% owned Batero-Quinchia Gold Project, which sits within Colombia's emerging and prolific Mid Cauca gold and copper belt. Batero is moving the La Cumbre oxide deposit towards the goal of making a production decision, once the appropriate level of study has been completed, and intends to first target the near and at surface higher grade oxidized gold mineralization at the deposit. Batero's second objective is to pursue opportunities to acquire prospective high-grade, production focused mineral properties in Colombia. In pursuing both these objectives, Batero plans to leverage its secure treasury position, strong regional relationships, experienced management team, and long-term financial partners.

Bellhaven Copper & Gold Inc. (TSX: BHV.V) is a Canadian-listed (TSX VENTURE:BHV) exploration company exploring for gold and copper in Panama and Colombia. The Company's goal is to be a leader in gold and copper development in Panama and Colombia. Bellhaven focuses on discovery, acquisition, and development of high-quality resources in a safe and responsible manner for the benefit of all of its stakeholders. The Company's flagship project is La Mina, a series of porphyry gold-(copper) deposits located in the Middle Cauca belt of Colombia. The total La Mina resource now includes 1.6 Moz gold and 419 million pounds of copper (or 2.55 Moz gold equivalent) contained in 79.9 million tonnes averaging 0.62 g/t Au, 0.24% Cu, or a gold equivalent grade of 1.0 g/t (based on a 0.30 g/t Au cutoff grade). The average grade of 1.0 g/t gold equivalent makes La Mina one of the highest grade gold-(copper) porphyry deposits in the Americas. The Company is currently seeking to develop and grow these resources through mine development and ongoing exploration of the La Mina and La Garrucha concessions.

Brazil Resources (TSX: BRI.V; OTC:BRIZF) is a public mineral exploration company with a focus on the acquisition and development of projects in emerging producing gold districts in Brazil , Paraguay and other parts of South America. Currently, the Company is advancing its Cachoeira, Montes Áureos, Trinta and Maua Gold Projects located in the Gurupi Gold Belt in the state of Maranhão, northeastern Brazil , and its Artulandia copper-Gold Project in central Brazil.

Cabo Drilling Corp. (TSX:CBE.V) is a drilling services company headquartered in North Vancouver, British Columbia, Canada. The Company provides mining related and specialty drilling services through its Canadian divisions in Surrey, British Columbia; Montreal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; Cabo Drilling Spain S.L. of Sevilla, Spain; Balkan States Drilling SH.P.K. of Tirana, Albania; Cabo Drilling (Ghana) Limited of Accra, Ghana; and Cabo Drilling (International) Inc.

Camino Minerals (TSX:COR.V) is a new mineral exploration company that was formed in connection with Goldcorp's acquisition of Canplats. Camino is led by Canplats' former management, has approximately C$9.2 million in the treasury and is focused on precious and base metal projects located in Mexico.

Canasil Resources Inc. (TSX:CLZ.V) is a Canadian mining and mineral exploration company with a strong portfolio of precious and base metal (gold, silver, copper, zinc and lead) exploration projects in British Columbia, Canada and Durango, Sinaloa and Zacatecas States, Mexico. The Company’s directors and management include industry professionals with a consistent track record of identifying and advancing successful mineral exploration projects. Our corporate objective is to enhance shareholder value by increasing the value of the Company’s mineral properties through cost effective and responsible exploration and development. We also strive to identify and acquire new mineral exploration projects, which present opportunities for significant future added value for our shareholders

Colombian Mines Corporation (TSX:CMJ.V) is an aggressive exploration and development stage company with a distinct "first mover" advantage in Colombia and one of the largest portfolios of 100% direct owned mineral assets among comparable companies in Colombia. Focused on developing shareholder value through exploration and development of key projects, the Company is also one of Colombia's leading "Prospect Generators" and applies an aggressive business model of organic growth through exploration while leveraging shareholder value through strategic alliances. Colombia is widely recognized as a highly prospective, under-explored country with exceptional mineral potential.

Comstock Metals Ltd. (TSX:CSL.V) flagship project is the QV Property in the Yukon Territory, which covers 14,180 hectares (35,000 acres) within the prolific White Gold District in the Yukon Territory, about 70 kilometres south of Dawson City. Kinross Gold's Golden Saddle deposit is 10 km to the southeast, and Kaminak Gold's Coffee projects are about 40 km to the south. Comstock's Corona Gold-Silver Property is located in the prolific Sierra Madre Occidental in Chihuahua, Mexico. The Company completed a drill programme in the spring of 2012, which discovered two new zones of gold and silver mineralization.

Continental Gold Limited (TSX:CNL.TO) is an advanced-stage exploration and development company with an extensive portfolio of 100%-owned gold projects in Colombia. Spearheaded by a team with over 40 years of exploration and mining experience in Colombia, the Company is focused on advancing its high-grade Buriticá gold project to production.

Cosigo Resources Ltd. (TSX:CSG.V) is a Vancouver-based company exploring for gold deposits in Colombia and Brazil . Cosigo has assembled a strong team, well experienced in South America and in the exploration and mining-finance industries. The Company's flagship project is its 100% owned Machado Project in Taraira Gold Belt of southeastern Colombia where geological mapping and geochemical sampling have identified potentially gold-bearing strata over a strike-length of more than 20 km. Cosigo's ongoing work on the 9,973 hectare Machado Project is the first modern exploration program in an area known tohave hosted more than 100 historic gold mining operations.

Defiance Silver Corp. (TSX:DEF.V) is a near term silver producer engaged in the acquisition, exploration, and development of advanced silver projects in the Zacatecas Silver District, Mexico. The Company's efforts are focused on: 1) the exercising of an option to purchase the San Acacio Mine, 2) the purchase and refurbishment of the 200 tpd Santa Gabriela Mill, and 3) the definition of feed for the Santa Gabriela Mill from surface dumps and from the San Acacio Mine with its 43-101 compliant silver resource (reference Defiance Silver Corp New release dated October 25, 2012). Disclaimer: Although Defiance is working to bring the Santa Gabriela Mill and the San Acacio Mine back into production, Defiance has not completed a 43-101 compliant Feasibility Study. Hence the project has increased uncertainty and increased economic and technical risks of failure associated with its development.

Eco Oro Minerals Corp (TSX:EOM.TO) operates as a precious metals exploration and development company with a portfolio of projects in Colombia. It focuses on its Angostura gold-silver deposit located in northeastern Colombia. The company was formerly known as Greystar Resources Ltd. and changed its name to Eco Oro Minerals Corp. in August 2011.

Entrée Gold (TSX:ETG.TO) is a Canadian mineral exploration company focused on the worldwide exploration and development of gold and copper prospects. In North America, the Company is exploring for porphyry-related copper systems in Arizona and New Mexico under agreements with Empirical Discovery LLC and now in Nevada through an option agreement with HoneyBadger Exploration Inc. The Company is a large landholder in Mongolia, where it holds three exploration licenses comprising the 179,590 hectare Lookout Hill property. Lookout Hill completely surrounds the 8,500-hectare Oyu Tolgoi project of Ivanhoe Mines, and hosts the Hugo North Extension of the Hugo Dummett copper-gold deposit and the Heruga copper-gold-molybdenum deposit.

Estrella Gold Corp. (TSX:EST.V) Mineral exploration is inherently risky and Estrella increases the chances of success as a "Prospect Generator" focused on gold exploration in Latin America. Estrella identifies and acquires new mineral properties, conducts initial, low-cost exploration to define a potential new deposit and then forms joint ventures with other companies that will provide funding for more advanced exploration. Estrella has several active exploration properties in Perú, with four held in venture agreements.

Franklin Mining, Inc. (OTC:FMNJ) is a publicly traded international exploration and mining company, headquartered in Las Vegas, Nevada, with offices in Santa Cruz, Bolivia. The Company adheres to the highest standards of quality and efficiency by optimizing the Company's resources through a system which places the preservation of the environment among the Company's top objectives.  Franklin Mining, Inc. endeavors to find value in fields in which the projects can be explored and exploited while contributing to the socio-economic and cultural development of its society. The Company has developed model mining operations through safe, cost effective and innovative technologies. Franklin Mining Inc. has purposed to uphold a great social commitment and respect for the environment while creating a robust value for its shareholders, employees, and the region within which it operates.  Operating as the company's Energy Division, Franklin Oil and Gas will explore new energy-based opportunities throughout South America on behalf of major international oil and gas production companies.    

Gran Colombia Gold Corp (TSX:GCM.TO) is a Canadian-based gold and silver exploration, development and production company with its primary focus in Colombia . Gran Colombia is currently the largest underground gold and silver producer in Colombia with several underground mines in operation at its Segovia and Marmato Operations. In addition, Gran Colombia is advancing a project to develop a large-scale, gold and silver mine at its Marmato operations.

Hot Chili Limited (ASX:HCH.AX) is an ASX-listed Australian company that acquires and develops copper multi-commodity projects within Chile. The company has major interests in four large, multi-commodity copper projects and these projects target Iron-Oxide-Copper-Gold (IOCG) and porphyry style deposits with additional potential major endowments of molybdenum and gold. The company is focussed on achieving Growth and Development milestones at its Productora project, and in expanding the company’s project portfolio to ensure a sustainable future copper production hub in Chile's Regions III & IV. Chile is a premier mining country with a stable political regime and an established regulatory framework. Our projects enjoy many advantages, including strong local partnerships and excellent relationships with government.

Kootenay Gold Inc. (TSX:KTN.V) is an emerging exploration Company actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. The Company's top priority remains the ongoing development of its Promontorio Silver project in Sonora State, northwest Mexico, which encompasses the former producing Promontorio Silver Mine.

Mandalay Resources Corp. (TSX:MND.TO) is a Canadian-based natural resource company with producing and exploration assets in Australia and Chile. The Company is focused on executing a roll-up strategy, creating critical mass by aggregating advanced or in-production gold, copper, silver and antimony projects in Australia and the Americas to generate near-term cash flow and shareholder value.

Minaurum Gold Inc. (TSX:MGG.V) is focused on its projects in the Guerrero Gold Belt, Mexico. Surface work continues at the Vuelcos del Destino, El Pórfido, and Jackie projects.

Miranda Gold Corp. (TSX:MAD.V) is a gold exploration company active in Nevada and Colombia and whose emphasis is on generating gold exploration projects with world-class discovery potential. Miranda performs its own grass roots exploration and then employs a joint venture business model on its projects in order to maximize exposure to discovery while minimizing exploration risk. Miranda has ongoing relationships with Agnico Eagle Mines Ltd., Montezuma Mines Inc., Navaho Gold Ltd., Ramelius Resources Ltd., and Red Eagle Mining Corporation.

Orovero Resources Corp. (TSX:OVR.V) is a company focused on gold, copper and silver exploration in Peru. The Company has a very strong portfolio of 100%-owned highly prospective projects, totaling 25,000 hectares, and offering multiple opportunities for a significant discovery. Orovero is a member of the Grosso Group, a management company active in the resource exploration industry since 1993, and working in Peru since 1995.

Panoro Minerals Ltd. (TSX:PML.V) is a Canadian mineral exploration company.Panoro's strategic focus is on exploring for large-potential gold and copper/gold deposits in countries with the corresponding geological potential and where the right political and economic conditions are present.

Primero Mining Corp. (TSX:P.TO) is a Canadian-based precious metals producer and owns 100% of the San Dimas gold-silver mine in Mexico. Primero is focused on delivering superior, sustainable value for all stakeholders with low-risk exposure to gold. The Company intends to become an intermediate gold producer by building a portfolio of high quality, low cost precious metals assets in the Americas.

Seafield Resources Ltd. (TSX:SFF.V) is a mineral exploration company currently focused on advancing its Miraflores Gold Deposit towards feasibility level. Seafield's 6,757-hectare Quinchía Gold Project is located in the Department of Risaralda of Colombia. SRK Consulting Inc.'s (Denver) Preliminary Economic Assessment on the Miraflores Deposit indicates robust economics with a pre-tax internal rate of return of 50% and a pre-tax net present value (8%) of $249M. The Company cautions that mineral resources are not mineral reserves and do not have demonstrated economic viability. Miraflores currently has a NI 43-101 compliant Measured and Indicated resource estimate of 1,816,000 ounces gold at 0.78 g/t Au and 3,555,000 ounces silver at 1.5 g/t Ag (72.6 million tonnes at a cut-off of 0.27 g/t Au) and an Inferred resource estimate of 62,000 ounces gold at 0.51 g/t Au and 275,000 ounces silver at 2.3 g/t Ag (3.8 million tonnes at a cut-off of 0.27 g/t Au). Additionally, the Company has a NI 43-101 compliant resource estimate for its Dosquebradas Deposit, also part of the Quinchía Gold Project, with an Inferred resource estimate totaling 920,772 ounces gold at 0.5 g/t Au (57Mt at a cut-off of 0.3 g/t Au).

Silver Bull Resources (TSX:SVB.TO; NYSE MKT:SVBL) is a well funded US registered mineral exploration company listed on both the NYSE MKT and TSX stock exchanges and based out of Vancouver, Canada. The flag ship "Sierra Mojada" project is located 150 kilometers north of the city of Torreon in Coahuila, Mexico, and is highly prospective for silver and zinc. Silver Bull also has 2 mineral licenses in Gabon, Central Africa, which are prospective for gold, manganese, and iron ore.

Silvercrest Mines Inc. (TSX:SVL.V;  NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal silver and gold producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag: Au) which produced 33,004 ounces of gold and 579,609 ounces of silver in 2012. Major expansion and construction of a 3000 tonnes per day conventional mill facility is underway to significantly increase metals production at the Santa Elena Mine (open pit and underground) by 2014. Exploration programs continue to make new discoveries at Santa Elena and have rapidly advanced the definition of a large polymetallic deposit at the La Joya property in Durango State.

Southern Silver Exploration Corp (TSX:SSV.V; Frankfurt: SEG.F) is focused on the exploration and development of quality assets, in significant mineralized trends, close to infrastructure. Its current projects include the copper/gold/silver Minas de Ameca project and the silver/zinc/lead Pinabete project in Mexico, the Dragoon Porphyry project in Arizona and the Oro project in New Mexico.

Tarsis Resources Ltd. (TSX:TCC.V) is an exploration company following the prospect generator business model, with thirteen mineral properties in Yukon, Canada and one in Mexico. The Company acquires projects on attractive terms, adds value and then vends or options out projects to partners for advancement

Tinka Resources Ltd. ( TSX:TK.V) is a junior resource acquisition and exploration company. Tinka's main focus is on its 100% owned Colquipucro and Ayawilca projects located in the highly mineralized silver-lead-zinc belt of Central Peru.

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Mining in Mexico: Q&A with SilverCrest Mines Inc. (TSX.V: SVL) (NYSE MKT: SVLC)

Point Roberts, WA / New York, NY - June 14, 2013 (Investorideas.com Mining Stocks Newswire) Investorideas.com, a leader in sector research for independent investors, including mining stocks, presents an exclusive Q&A with SilverCrest Mines Inc. ( TSX.V: SVL ) ( NYSE MKT: SVLC) (CW5.F), a company with its flagship property in the State of Sonora, México.

This interview is part of an ongoing series of articles on investment opportunities within the four countries of the Pacific Alliance, (Colombia, Chile, Mexico and Peru) with a primary focus on mining and oil and gas stocks.
Q: Investorideas.com
Scott, can you give investors a brief history of when your company first invested in the Mexico property and why ?
A: J. Scott Drever , Chief Executve Officer, Chairman
SilverCrest had its first major effort in Mexico in 2005 with the acquisition of the Santa Elena project. We transitioned to Mexico from some very bad experiences in Honduras and El Salvador with changing mining laws and concentrated NGO opposition to mining. Mexico on the other hand has turned out to be one of the best jurisdictions for mining of all the countries I have worked in during my rather lengthy career. The relatively untapped potential for economic mineral deposits, decent infrastructure and access along with a pool of qualified people make the country all that more attractive.
Q: Investorideas.com
Can you give investors a brief update on the reserves and estimates on the Santa Elena Mine, in the State of Sonora, México?
A: J. Scott Drever, Chief Executive Officer
After an extensive program of development drilling over the last 12 months we recently announced new reserve and resource estimates for Santa Elena. Our total probable reserve currently stands at 8.19 million tonnes grading 1.24 gpt gold and 74.9 gpt silver and containing 327,000 ounces of gold and 19.75 million ounces of silver. This should be sufficient reserves for approximately 8 years of production starting in January of 2014 when our new 3000 tonne per day conventional mill should be operational. Of course there are also indicated and inferred resources containing another 188,000 ounces of gold and 15.36 million ounces of silver. We are also making discoveries of additional zones as we continue to explore and develop the underground reserves so we are confident the mine life can be extended beyond the expected 8 years..
Q: Investorideas.com
The company has announced expansion plans to almost double the annual metals production in 2014 at the Santa Elena Mine. Separate from the company, is there direct benefit back to the State of Sonora and Mexico?
A: J. Scott Drever , Chief Executive Officer
The returns to the local, state and federal governments take the form of corporate taxes, direct and spin off employment benefits, utilization of construction and operating contractors and service and equipment purchases from local suppliers. We currently have approximately 450 people on site engaged in our operations and construction of the mill related facilities. SilverCrest has about 150 direct employees with contractors for operations and construction employing another 300 people nearly all of which are Mexican nationals and all of which pay state, federal and local taxes. Through our Corporate Social Responsibility initiatives we provide support for such things as municipal infrastructure, community improvement projects, health care and scholarships for local graduates.
Q: Investorideas.com
Since you have been involved in Mexico, what have been the biggest obstacles to overcome in mining there ?
A: J. Scott Drever, Chief Executive Officer
Compared to other jurisdictions I have worked in the challenges in Mexico have been minimal. We have had excellent cooperation from all levels of government, there is rule of law where ever we have worked and most importantly the mining law and environmental permitting process are well established. If you do things in a proper manner the permits will be forth coming in a timely manner. SilverCrest’s main challenge in developing the Santa Elena was not anything in Mexico but the dearth of financing options during in the 2008-09 financial crisis.
Q: Investorideas.com
The intent of the recent formation of the Pacific Alliance( Colombia, Mexico, Chile and Peru) was to create an environment that is investment friendly and to encourage new business and trade. Do you see improvements that would motivate new companies to enter the mining space, since that is your area of expertise?
A: J. Scott Drever, Chief Executive Officer
I am not terribly familiar with the mandate of the Pacific Alliance nor have I seen any of their specific initiatives. However, from my perspective, based of some fairly subjective information, I would say that Colombia has made some positive progress, most of Mexico is still very attractive for mining projects but I think both Peru and Chile have regressed in terms of creating an attrative environment for mining investment.The recent moves by many governments to secure greater and greater interests in or returns from mining projects without assuming any of the risks is certainly a disincentive to most mining companies.
About SilverCrest Mines Inc.
SilverCrest Mines Inc. (TSX VENTURE: SVL) (NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag: Au). SilverCrest anticipates that the 2,500 tonnes per day open pit heap leach facility at the Santa Elena mine should recover approximately 625,000 ounces of silver and 33,000 ounces of gold in 2013. An expansion plan, which is centered on the construction of a 3000 tonne per day conventional mill, is well underway to increase the annual metals production in 2014 by about 60% at the Santa Elena Mine (open pit and underground). Exploration programs have rapidly advanced the definition of a large polymetallic deposit at the La Joya property in Durango State with stated resources nearing 200 million ounces of Ag equivalent. www.silvercrestmines.com
About the Pacific Alliance:
The Pacific Alliance is the coalition of four countries with a coastline facing the Pacific Ocean ( Colombia, Mexico, Chile and Peru), seeking to act as a bloc on topics of trade and investment to ensure open mobilization of goods, services, capital and people. The Alliance was created in April 2011 by the Lima Declaration.
The Alliance is based on the affinity between these countries on matters related to market economy, openness to foreign investment, increased trade strategy and political and economic relations with the Asia-Pacific region.
The four countries that make up the coalition represent about 206 million people (equivalent to the total population of Brazil) and generate a gross domestic product (GDP) of U.S. $ 1.7 billion, equivalent to 34% percent of Latin America, with a GDP per capita of around U.S. $ 11 billion. Colombia, Mexico, Chile and Peru account for half of the region's foreign trade: U.S. $ 471 billion in exports and $ 453 billion in imports and are recipients of nearly $ 53 billion in FDI 2.
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Note: all content in this Q&A is based on recently reported results from the company.
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Contact SilverCrest Mines: Fred Cooper
Telephone: (604) 694-1730 ext. 108
Fax: (604) 694-1761
Toll Free: 1-866-691-1730
Email: info@silvercrestmines.com
Website: www.silvercrestmines.com
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Mining Stock Alert: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Reports Results of AGM; Announces Officer and Director Appointments

VANCOUVER, BRITISH COLUMBIA - June 13, 2013 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) (CW5.F) ("SilverCrest" or the "Company") is pleased to announce the results of its Annual General Meeting of Shareholders ("AGM") held Tuesday in Vancouver, B.C.

Shareholders voted in favour of all items of business, including the election of each director nominee. A total of 50,906,857 votes were cast representing 47.15% of the issued common shares as of the record date for the meeting, as follows:

Directors	Votes by Ballot in Favour	Votes by Ballot Withheld
J. Scott Drever	32,567,693 (96.88%)	1,049,653 (3.12%)
Ross O. Glanville	32,752,654 (97.43%)	864,692 (2.57%)
Barney Magnusson	31,465,626 (93.60%)	2,151,720 (6.40%)
George W. Sanders	32,708,854 (97.30%)	908,492 (2.70%)
Graham C. Thody	32,552,774 (96.83%)	1,064,572 (3.17%)

Shareholders voted 70.62% in favour of the Company's Stock Option Plan and voted 99.57% in favour of the implementation of an Advance Notice Policy for the nomination of Directors. In addition, shareholders voted in favour to re-appoint Davidson & Company, Charted Accountants, as auditor of the Company.
At the Board of Directors meeting following the AGM, Mr. J. Scott Drever, Chairman and President of the Company, was appointed as Chairman and Chief Executive Officer of the Company. Mr. N. Eric Fier, currently the Chief Operating Officer of the Company, was appointed President as well as Chief Operating Officer and was also appointed to the Board of Directors of the Company.
J. Scott Drever, CEO, stated; "We were pleased to see good attendance of shareholders and interested investors at our meeting as well a strong voting of proxies in favour of all items of business. The appointment of Eric Fier as President and Chief Operating Officer resulted from extensive discussions among the Directors and management as to how the succession of leadership of the executive management can transition as SilverCrest continues to grow and expand. Eric is most deserving and more than capable of assuming the duties and responsibilities of the office of President and will have the full support of the Board, management, employees and staff as he assumes his new duties and implements the corporate strategies for growth."
Graham Thody was re-appointed Chair of the Audit Committee; George W. Sanders was re-appointed Chair of the Corporate Governance and Nominating Committee and Ross. O. Glanville was re-appointed Chair of the Compensation Committee.
SilverCrest Mines Inc. (TSX VENTURE:SVL)(NYSE MKT:SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, M�xico. The mine is a high-grade, epithermal silver and gold producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag: Au) which produced 33,004 ounces of gold and 579,609 ounces of silver in 2012. Major expansion and construction of a 3000 tonnes per day conventional mill facility is underway to significantly increase metals production at the Santa Elena Mine (open pit and underground) by 2014. Exploration programs continue to make new discoveries at Santa Elena and have rapidly advanced the definition of a large polymetallic deposit at the La Joya property in Durango State.
N. Eric Fier, CPG, P.Eng, President and Chief Operating Officer
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761
info@silvercrestmines.com
www.silvercrestmines.com
Published at Investorideas.com Newswire
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BC Residents and Investor Disclaimer : 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

Graphene Stock Alert: Graphene Experts Dr. Polyakova and Dr. Stolyarov Added to Lomiko Team (TSX-V: LMR) to Create Research and Development Department

VANCOUVER, BRITISH COLUMBIA and NEW YORK, NEW YORK - June 7, 2013 (Investorideas.com mining stocks newswire) LOMIKO METALS INC. (TSX VENTURE:LMR)(LMRMF)(DH8B.F) (Europe: ISIN: CA54163Q1028, WKN: A0Q9W7) (the "Company") reports that Dr. Elena Polyakova and Dr. Daniel Stolyarov have joined Lomiko Metals Inc. to create a Research and Development Department. Primary tasks for the Research and Development Department will be to oversee and coordinate the research activities on conversion of the graphite into graphene, which are currently underway. The department will also oversee end use projects in conjunction with customers of Graphene Laboratories Inc. which include leading universities, Fortune 500 as well as startup companies, world-wide.

"We've been working with Dr. Polyakova and Dr. Stolyarov to develop an action plan for Lomiko Metals. With their help Lomiko is positioned to participate in the graphene revolution.", said Paul Gill, CEO of Lomiko, "Building an R&D capacity means Lomiko will have a head start on the commercial, end use applications which will drive the graphene-graphite business in the future."
Dr. Elena Polyakova founded Graphene Laboratories in 2009 as President and Chief Executive Officer. Since founding Graphene Laboratories, the company has grown to be the leading manufacturer and supplier of graphene materials. Dr. Polyakova is an invited speaker at many international forums and conferences, and her input on the graphene industry is regularly published by journalists covering business and technology.
She received her Masters' degree in Physics and Applied Mathematics with honors from the Moscow Institute of Physics and Technology, and her Ph.D. in Chemistry from the University of Southern California. During Dr. Polyakova's post-doctoral work at Columbia University, her work on graphene was published in many leading peer-reviewed journals, which she co-authored with Nobel and Kalvi prize winners, as well as members of the National Academy of Sciences. It was then that she realized the commercial potential of graphene, which led to the founding of Graphene Laboratories, Inc.
Dr. Daniel Stolyarov co-founded Graphene Laboratories in 2009 and has since served as Chief Technology Officer. At Graphene Laboratories, he leads efforts to introduce new materials to the Graphene Supermarket product line. He also overviews all production efforts and leads all collaborative R&D projects of Graphene Labs. His work continues to play a critical role in securing Graphene Labs place as a leader in the manufacture and sale of 2D materials.
He received his Masters' degree in Physics and Applied Mathematics with honors from the Moscow Institute of Physics and Technology, and his Ph.D. in Physical Chemistry from the University of Southern California. During his academic career, his work on graphene was published in many leading peer-reviewed journals, which he co-authored with Nobel and Kalvi prize winners, as well as members of the National Academy of Sciences.
Dr. Polyakova and Dr. Stolyarov will each receive $ 50,000 per year under a contract of service.
For more information, review the website at www.lomiko.com.
On Behalf of the Board
A. Paul Gill, Chief Executive Officer
We seek safe harbor.
Contact:
Lomiko Metals Inc.
A. Paul Gill
604-729-5312
info@lomiko.com
www.lomiko.com

Disclaimer: The following news is paid for and /or published as information only for our readers.Investorideas.com is a third party publisher of news and research. Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. 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 all investment. Disclaimer in full, Investorideas.com Disclosure Please read individual disclosures for featured stocks.
Disclaimer: LMR compensates Investorideas for annual news distribution and publication: seven thousand five hundred in equivalent shares for debt
BC Residents and Investor Disclaimer: 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

TSX Graphene Stock Alert: Lomiko (TSX-V: LMR), Graphene Labs and Stony Brook University Collaborate on Graphene Super-Capacitor and Next-Generation Battery Applications

VANCOUVER, BRITISH COLUMBIA and NEW YORK, NEW YORK - May 29, 2013 (Investorideas.com mining stocks newswire) LOMIKO METALS INC. (TSX VENTURE:LMR)(LMRMF)(DH8B.F) (Europe: ISIN: CA54163Q1028, WKN: A0Q9W7) (the "Company") announces that the SUNY Research Foundation at Stony Brook University (RF), Graphene Laboratories, Inc. (Graphene Labs) and Lomiko Metals, Inc. have agreed to investigate novel, energy-focused applications for graphene.

"This new agreement with Stony Brook University's researchers means Lomiko is participating in the development of the technology graphene makes possible," commented Paul Gill, CEO of Lomiko. "Using graphene to achieve very high energy densities in super capacitors and batteries is a transformative technology. Strategically, Lomiko needs to be participating in this vital research to achieve the goal of creating a vertically integrated graphite and graphene business."
Under its Strategic Alliance Agreement with Lomiko, Graphene Labs -- a leading graphene manufacturer -- will process graphite samples from Lomiko's Quatre Milles property into graphene. The Research Foundation, through Stony Brook University's Advanced Energy Research and Technology Center (AERTC) and the Center for Advanced Sensor Technology (Sensor CAT), will then examine the most efficient methods of using this graphene for energy storage applications. There is no certainty the proposed operation will be economically viable.
Graphene's remarkable properties, including its high conductivity, mechanical strength, and high specific surface area, make it an ideal electrode material for electrochemical devices used in clean energy applications. Graphene shows promise for super-capacitors and next-generation Li-ion batteries. Efficient energy storage is a cornerstone for a resilient and reliable energy transmission grid and graphene is a key element of the clean energy system.
For all parties involved, the goal of this collaboration is to map commercially viable routes for the fabrication of graphene-based energy storage devices. By participating in these projects, the partners will address the cost of graphene production, as well as how best to integrate the material into commercial energy storage devices.
The Lomiko and Graphene Labs Strategic Alliance
Lomiko and Graphene Labs have agreed to co-develop a vertically integrated supply chain that includes a secure supply of high-quality graphite, cost-effective and scalable processing, tight quality control and integration of graphene-based products in end-user products. The parties will capitalize on the secure supply of high quality graphite, provided by Lomiko, and the extensive customer database and expertise in graphene materials brought by Graphene Labs.
Lomiko has provided mineral samples from the Quatre Milles Project for natural high quality flake graphite for graphene conversion.
Under the Agreement, Graphene Labs will develop a feasible procedure for the purification of flake graphite for use in graphene production. They will also provide guidance on technologies tailored to the production of graphene and graphene-related materials.
The Agreement also calls for joint Research and Development and business, communications, and marketing strategy for end uses of the graphite and graphene products.
Lomiko also has the option to provide equity financing(s) to Graphene Labs on an exclusive basis for two years if it meets Graphene Labs funding requirement of raising at least $500,000 within eight months of the agreement, $1,000,000 within twelve (12) months and $2,000,000 within eighteen (18) months. If the requirements are not met, Lomiko loses exclusivity but maintains the right to participate in financings on a non-exclusive basis.
The Agreement is subject to approval by the TSX.
About Graphene Laboratories Inc.
Graphene Laboratories, Inc. primary focus is to apply fundamental science and technology to bring functional advanced materials and devices to market.
Graphene Laboratories Inc. operates the Graphene Supermarket® (www.graphene-supermarket.com), and is a leading supplier of advanced 2D materials to customers around the globe. In addition to the retail offering of advanced 2D materials, it offers analytical services, prototype development and consulting.
Located in Calverton NY, Graphene Labs benefits from the unique high tech community on Long Island. Efforts by Graphene Laboratories are supported by Brookhaven National Laboratory, Stony Brook Business Incubator, and the Clean Energy Business Incubator Program (CEBIP), hosted by the New York State Energy Research and Development Authority (NYSERDA).
For more information on Graphene Laboratories, Inc, visit www.graphenelabs.com or contact them at (516)-382-8649 or via email at info@graphenelabs.com.
About AERTC
Located in the Research and Development Park on the campus of Stony Brook University, the Advanced Energy Incubator is space that is home to companies within the Advanced Energy Center. The Advanced Energy Center (www.aertc.org), a New York Center of Excellence is a true partnership of academic institutions, research institutions, energy providers and companies. Its mission is innovative energy research, education and technology deployment with a focus on efficiency, conservation, renewable energy and nanotechnology applications for new and novel sources of energy.
About Sensor CAT
The New York State Center for Advanced Technology at Stony Brook University (http://www.usensors.com/SENSORCAT/), designated by the Empire State Development Corporation, Div. of Science Technology and Innovation (NYSTAR), provides intellectual, logistical, and material resources for the development of new product technologies - by facilitating R&D partnerships between New York companies with an in-state footprint and university researchers. The important outcomes are new jobs, new patents, training of students in company product matters, and improved competitiveness for New York State businesses.
About Lomiko Metals Inc.
Lomiko Metals Inc. is a Canadian based exploration-stage company. Its mineral properties include the Quatre Milles Graphite Property and the Vines Lake property which both have had recent major discoveries. On October 22 and November, 13 2012, Lomiko Metals Inc. announced 11 drill holes had intercepted high grade graphite at the 3,780 Ha Quatre Milles Property. On March 15, 2013 Lomiko reported 75.3% of graphite tested was >200 mesh and classified as graphite flake with 38.36% in the >80 mesh, large flake category. 85.3% of test results higher than the 94% carbon purity considered high carbon content, with the median test result being 98.35%.
The highlight of Lomiko's testing was nine (9) sieve samples which captured flakes of varying sizes which tested 100.00% carbon. Both fine and flake material may be amenable to graphene conversion by Lomiko Metals Inc. partner Graphene Laboratories.
The project is located 175 km north of the Port of Montreal and 26 km from a major highway on a well-maintained gravel road.
On Behalf of the Board
A. Paul Gill, Chief Executive Officer
Contact:
Lomiko Metals Inc.
A. Paul Gill
604-729-5312
info@lomiko.com
www.lomiko.com

Disclaimer: The following news is paid for and /or published as information only for our readers.Investorideas.com is a third party publisher of news and research. Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. 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 all investment. Disclaimer in full, Investorideas.com Disclosure Please read individual disclosures for featured stocks.
Disclaimer: LMR compensates Investorideas for annual news distribution and publication: seven thousand five hundred in equivalent shares for debt
BC Residents and Investor Disclaimer: 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

Mining Stock Alert: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Announces Updated Santa Elena Reserves and Resources

VANCOUVER, BRITISH COLUMBIA - May 29, 2013 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) (CW5.F) ("SilverCrest" or the "Company") is pleased to announce updated Reserve and Resource estimations for its Santa Elena Mine in Sonora, Mexico. The updated Probable Reserves (underground, open pit and leach pad) are estimated at 8.2 million tonnes grading 74.9 gpt Ag and 1.24 gpt Au containing 19.7 million ounces of silver and 327,430 ounces of gold, representing a 103% increase in contained silver and 50% increase in contained gold over previous Probable Reserves stated below. Updated Indicated Resources (exclusive of Probable Reserves) are estimated at 2.1 million tonnes grading 114.9 gpt Ag and 1.69 gpt Au containing 7.9 million ounce of silver and 116,000 ounces of gold, representing a 127% increase in contained silver and 99% increase in contained gold over previous Indicated Resources stated below. Details of the updated Reserves and Resources are summarized in the following tables and will be included in the Santa Elena Expansion Pre-Feasibility Study (Technical Report) to be filed on SEDAR within 45 days of this release.
J. Scott Drever, President commented: "We are extremely pleased with the results of our updated Reserve and Resource estimates for the underground, open pit and heap leach pad definition and resource expansion drill program. The significant increase in Reserves has clearly defined processing feed for our planned 3,000 tonne per day processing facility (Milling & CCD leaching) for an additional 8 years. What is even more exciting is that we have yet to define the limits of the Main Mineralized Zone and have only begun to explore the newly discovered high grade El Cholugo and El Cholugo Dos zones. We look forward to a banner year in 2014 with the commissioning of the new processing facility in Q1 2014 and the expansion of our annual metals production to an estimated 3.5 to 4.0 million ounces of silver equivalent (55:1 Ag:Au)."
Note: All numbers are rounded. Underground and Leach Pad Reserves and Resources are based on 3 year historic metal price trends of US$28/oz silver, US$1450/oz gold and metallurgical recoveries of 92% Au and 67.5% Ag with a metal ratio of Ag:Au at 70:1 used for grade cutoff determination. All Mineral Resources and Reserves conform to NI 43-101, 43-101CP, and CIM definitions for Resources and Reserves. Inferred Resources have been estimated from geological evidence and limited sampling and must be treated with a lower level of confidence than Indicated Resources.
1 Open Pit and Leach Pad Probable Reserves were classified by SilverCrest. Underground Reserves and Resources were classified by EBA, a Tetra Tech Company.
2 Underground Probable Reserve is based on a cutoff grade of 1.47 gpt AuEq with an average 10% dilution and 90% mine recovery. Average true thickness of the designed stopes is 13.4 metres.
3 Open Pit Reserve is based on a cutoff grade of 0.20 gpt AuEq in a constrained pit shell with applied capping of 8 gpt Au and 300 gpt Ag.
4 Leach Pad Reserve based on production and drill hole data for volumetrics and grade model using a cutoff grade of 0.5 gpt AuEq. No capping was applied.
5 Underground Resources are exclusive of Probable Reserves and based on 1 gpt AuEq grade shell, a cutoff grade of 1.4 gpt AuEq, and applied capping of 12 gpt Au and 600 gpt Ag.
1 based on $1,000/oz of gold and $18/oz of silver, cut-off grade of 0.38 gpt gold equivalent with applied metallurgical recoveries.
2 based on $1,000/oz of gold and $18/oz of silver, cut-off grade is 1.77 gpt gold equivalent with applied metallurgical recoveries.
Before production commenced, the Santa Elena open pit defined a mine life of approximately 6.5 years (including ramp up) having a Reserve of 5.1 million tonnes grading 1.72 gpt Au and 73.4 gpt Ag (refer to Technical Report dated April 1, 2011). In April 2011, the open pit Reserve was depleted by approximately 6 months of production and optimized with a remaining 4.79 million tonnes grading 1.81 gpt Au and 75.9 gpt Ag (refer to Technical Report dated April 1, 2011). By January 2012, the open pit was depleted from 2011 production and re-optimized with a resultant Reserve of 3.45 million tonnes grading 1.96 gpt Au and 87.3 gpt Ag showing lesser tonnes and higher grade. Re-optimization of the open pit between April 2011 and April 2013 has reclassified approximately 880,000 tonnes of open pit Reserve to underground Resources which was converted mostly (excluding stope pillars) to the new underground Reserves. The main purpose for re-optimization was to avoid a higher open pit strip ratio at higher cost in future years in the mine life but still be able to mine the displaced Reserves from underground.

SANTA ELENA UPDATED RESERVE AND RESOURCE DATABASES
Based on available data, the current dominant silver-gold mineralization at the Santa Elena Mine is hosted within the Main Mineralized Zone (MMZ) which is a low-sulfidation calcium-rich epithermal deposit that strikes nearly east-west for an estimated distance of 1.3 kilometres with an average true width of approximately 15 metres. The continuous mineralized zone has been drill-tested to a minimum depth of 500 metres from surface and open in most directions. The near-parallel El Cholugo and El Cholugo Dos zones are located approximately 20 to 50 metres below the footwall of the MMZ. These two new discoveries appear to be splays off the MMZ with similar silver-gold mineralization.
The updated underground Reserves and Resources have been independently estimated by EBA, a Tetra Tech Company, utilizing 2012 and 2013 drilling results along with previous independently-validated data (see SEDAR for previous NI 43-101 compliant Technical Reports). Drilling in 2012 and early 2013 was focused on conversion and expansion of underground Resources to Reserves with an average drill hole spacing of approximately 35 metres. Drilling data from 2012 and 2013 used for underground Resource estimate included 138 holes (45,011 metres) and 96 previous holes (14,865 metres). A total of 2,941 composite samples were used as the basis for the block model.
The updated open pit Reserves and Resources have been estimated by SilverCrest utilizing Company extensive production data (blastholes), exploration drilling data and computer modelling. All Indicated Resources in the currently operating open pit have been converted to Reserves as of April 30, 2013.
The Leach Pad Reserves (spent ore) have been estimated by the Company utilizing crusher composite samples, drill data from verification holes on the pad, bottle roll tests to process design specifications and SilverCrest production leach curves. In early May 2013, the Company completed 25 large diameter drill holes (355 metres) on the pad to obtain additional information for the purposes of validation of production data. All spent ore material on the leach pad will be reprocessed through the new processing facility once operational. Only the material currently on the pad and leached (300 day cycle completed or estimated full cycle) has been declared as Reserves. Approximately 750,000 tonnes of open pit material is planned to be placed on the pad during the remainder of 2013 and will undergo only partial leaching before being reprocessed through the new facility. Once this material is placed on the pad and leaching has been discontinued, it will be declared as leach pad Reserves for processing and metal recovery in late 2014 and beyond.
Extensive metallurgical test work including ongoing operations data show that all declared Reserves are amenable to conventional leaching either by heap leach technology or standard CCD milling with a Merrill Crowe recovery system for dore bar production. Estimated recovery grades are stated below in Reserves Criteria table.
SANTA ELENA UPDATED RESERVE AND RESOURCE MODELLING
The Santa Elena underground, open pit and leach pad Mineral Resource estimates were completed using Gemcom GEMS modelling software and are compliant with National Instrument 43-101 and conform to guidelines and definitions established by the Canadian Institute of Mining and Metallurgy (CIM). Using CIM Definition Standards for Mineral Resources and Mineral Reserves, Mineral Resources have been classified as being either Indicated or Inferred based on the number of samples used for estimation relative to the block location and the overall search distance confidence derived from the variogram analysis. Inferred Resources should not be used as the basis for evaluation of economic viability of the project. Details of these criteria will be presented in the Technical Report to be filed on SEDAR.
The Underground Mineral Resource estimates are based on verified information from historical and recent Company sources, up to and including drill hole SE-13-145. The block model includes the Main Mineralized Zone, El Cholugo and El Cholugo Dos. Solid boundaries for the mineralization were interpreted within a geological vein solid and constrained using a minimum 1 gpt AuEq cut-off from raw drill hole assay intervals. The Main Mineralized Zone grade shell was segmented into three major domains to accommodate flexures and structural orientation changes. The raw assay data was composited to 1 metre within the grade shell and was interpolated into a 5 metre x 5 metre x 5 metre block size model using Ordinary Kriging. Grade caps of 12 gpt Au and 600 gpt Ag were determined from log-probability and histogram analysis and applied after compositing. The search ellipse ranges were based on geological field observation, semi-variogram analysis and iterative interpolation. Grade interpolation within the vein hosted mineralization utilized two passes with anisotropic search ellipses oriented along the interpreted domain trend with major axes ranges of 90 and 117 metres, and semi-major ranges of 69 and 89 metres, respectively. A minimum of 2 composites, to a maximum of 15, were required to interpolate block grades with no more than 5 composites reporting from any one drill hole. Based on limited laboratory and in situ specific gravity testing, a value of 2.60 g/cm3 was applied as a specific gravity for all vein hosted mineralized material in the model.
The Open Pit Mineral Resource estimates are based on verified information from historical and recent Company sources. Solid boundaries for the mineralization were constrained at 0.20 gpt AuEq cut off and the open pit limits defines the mineralized material dated as December 31, 2012. All open pit Mineral Resources are declared as Reserves. Open pit production from January 1 to April 30, 2013 was subtracted from the December 2012 Resource estimation. The Resource estimation was completed using Gemcom GEMS software applying Ordinary Kriging. Raw data (blast holes, core and RC samples) were composited to a 5 metre length for blast holes and 2 metre length for in-pit core and RC samples. These composites were assessed for spatial and geostatistical purposes. A capping of 8 gpt Au and 300 gpt Ag was applied to core and RC data only. The composite data was interpolated into a 5 metre x 5 metre x 5 metre block size model using Ordinary Kriging in two passes. The first one using only blast hole data with an average spacing of 4 metres and interpolating grades to a maximum distance of 15 metres from the sample location. The second pass used only core and RC drilling data spaced on average 50 metres to interpolate 5 metre x 5 metre x 5 metre blocks located in distances beyond 15 metres from the sample location. The blasthole resource model was compared against the production data for verification purposes.
The Leach Pad Reserves (spent ore) have been estimated by the Company utilizing daily production, grade and mass records obtained at the crushing plant when conveying mineralized material to the pad. These records represent a complete production dataset since start up of the operations at Santa Elena. A detailed leach pad survey was completed in April 2013 to provide volumes of material placed on the pad. This volume was compared with weightometer data collected on the crushing plant to validate tonnes on the pad using well known specific gravity on the leach pad of 1.85 g/cm3. SilverCrest has completed 25 large diameter Becker Hammer, Tandem Mounted hydraulic drill holes (355 metres- drill holes spaced on a 25 metre by 25 metre grid) on the pad to obtain additional information for the purposes of validation of production data. Raw assay data were interpolated into a 100 metre x 100 metre x 6 metre block size model. An inverse distance squared methodology was used with a single domain and search ellipse. The search ellipse ranges were based on drill hole spacing, field observation, geostatistical analysis and iterative interpolation. No grade capping was applied. Grade interpolation within the two surfaces utilized an anisotropic ellipse oriented along the interpreted zone with major and semi-major axis ranges of 200 metres and a minor axis range of 200 metres. A minimum of 2 composites, to a maximum of 12, were required to interpolate block grades with no more than 3 composites reporting from any one drill hole in multi stage search radiuses to populate all blocks. The validation results support the estimation by the Company utilizing daily production data.
SANTA ELENA RESERVE CRITERIA
The Santa Elena Reserve estimates as stated above were completed using GEMS resource models for defining open pit, underground and leach pad Reserves along with criteria as presented in the following table.
1 Based on 3 year historic metal price trends
2 Underground mining costs, dilution and mine recovery are based on stope type, either long hole (68% of design stopes) or cut and fill (32% of designed stopes) mining method.
3 Processing includes crushing, milling, site refining and dry stack tailings disposal.
4 Estimated based on current operations and may vary on an annual basis.
5 Recoveries for leach pad based on 2009 Metcon test work and recent Company production leach cycles for life of pad. During the period from 2010 through 2012 (solution ramp up), an average recovery of 57% Au and 30% Ag was achieved. Refer to Technical Report dated May 11, 2011 on SEDAR. Leach pad CCD mill recoveries are based on in-situ remaining ounces on the pad.
Pre-Feasibility level results including Santa Elena economic analysis is expected to be announced within 45 days of this news release. The extended mine life with updated Reserves is anticipated to be 8 more years at the proposed 3,000 tonne per day milling rate.
The Santa Elena Mine has good potential for additional Resources with the deposit open in most directions. Further infill and expansion drilling is recommended to potentially increase Resources and convert to Reserves.
The Qualified Persons for the Santa Elena Resource and Reserve estimations who have reviewed and approved the contents of this news release are N. Eric Fier, CPG, P.Eng. and Chief Operating Officer for the Company, James Barr., P.Geo. and Mike Tansey, P.Eng. from the consulting firm of EBA, a Tetra Tech Company, and John Fox, P.Eng. of Laurion Consulting Inc. SilverCrest is now classified as a "producing issuer" as defined in NI 43-101, as a result of which the Technical Report is not required to be prepared by or under the supervision of an Independent Qualified Person. The Santa Elena Expansion Pre-Feasibility Study (Technical Report) in compliance with NI 43-101 is currently being prepared by the Qualified Persons and will be filed on SEDAR no later than 45 days from the date of this release.
SilverCrest Mines Inc. (TSX-V: SVL; NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Published at Investorideas.com Newswire
Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : 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

Mexican Mining Stock Alert: US Precious Metals (USPR) Reports Deal with Mesa Acquisitions/Alba Petroleos

May 28, 2013 (Investorideas.com Mining stocks newswire) US Precious Metals, Inc. (OTCQB: USPR) reports that May 22, 2013 it entered into an agreement with Mesa Acquisitions Group, LLC. in association with Alba Petroleos ( www.albapetroleos.com.sv ) to further explore and develop USPRs Mexican concessions.

Mesa Acquisitions/Alba Petroleos has committed to expend up to approximately $50 million to explore and develop pre-determined portions of two of our Mexican concessions known as Solidaridad 1 & Solidaridad 2 located in Michoacan , Mexico . In addition, they will construct the necessary plant and/or bring in the necessary equipment to process the head ore. In return, they will receive 10 million shares of USPR common stock and receive a 30% interest of the project. USPR will retain 70% of the project.
The work will be implemented and funded by our joint venture partners in 3 stages
Stage 1: Immediate dispatch of high tech satellite imaging to identify mineralization and to confirm the Company's two previous drilling campaigns. This phase will commence immediately.
Stage 2: Develop the infrastructure necessary to commence mining and milling operations, including road, water, and power installation and staging area development for employees on site. This phase is expected to commence upon completion of Phase 1.
The cost to implement Phase 1& 2 is estimated to be $10 million.
Stage 3: Commence surface mining and sub-surface (underground) mining and build out of processing facilities. This phase is dependent on the timelines on Phase 1 & 2.
The cost to implement Phase 3 is estimated to be $40 million.
Chief Operating Officer Ruben Figueredo and Chief Technical Officer Juan Serrat, who were hired by USPR through Mr. George Mesa's (principal of Mesa Acquisitions Group LLC) recommendation a year ago, will work closely with Mr. Mesa's team to achieve our benchmarks in a timely fashion. On September 21, 2012, USPR appointed Mr. Mesa as Director of Security for its Mexican mining claims.
Jerry Pane, USPR's Chairman, stated "I am very excited to be in the position today to launch the development of our Michoacan, Mexico property. Having worked very closely with Mr. Mesa during the past couple of years, we have seen the endless hours he and his team have spent at our site developing a comprehensive plan of action. It brings great comfort to know that this is the beginning of USPR achieving its short and long term goals. In conjunction with our recently announced agreement to acquire Resource Technology Corp. ("RTC") USPR is poised to maximize value for all our shareholders."
Stay informed on U.S Precious Metal developments by getting FREE news alerts & updates delivered directly to your mobile phone by texting USPR to 545454 from your cellular device
About USPR:
US Precious Metals, Inc. is an exploration stage company engaged in the acquisition, exploration and development of mineral properties. We focus on gold, silver and copper primarily located in the State of Michoacán , Mexico where we own exploration and exploitation concessions to approximately 37,000 contiguous acres of mineral rights. In addition, USPR recently announced the agreement to acquire Resource Technology Corp. ("RTC"). RTC has a plasma processing agreement using plasma processing technology and is a 1/3 net revenue share partner in the extraction of precious metals from three ore supply agreements enabling it to receive 1/3 of the resulting revenues.
About Alba Petroleos:
Alba Petróleos is an international conglomerate located in Venezuela , and is owned in 40% by municipalities governed by President Funes' Party, and in 60% by PDV Caribe, a subsidiary of PDVSA of Venezuela. The company is involved in multiple industries throughout South America and further afield. www.albapetroleos.com.sv
About Mesa Acquisitions Group, LLC:
Mesa Acquisitions Group, LLC is a private entity owned by Mr. George Mesa, and is located in Miami , Florida.
Disclaimer: This Press Release may contain, among other things, certain forward-looking statements, including, without limitation, (i) statements with respect to the Company's plans, objectives, expectations and intentions; and (ii) other statements identified by words such as "may", "could", "would", "should", "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. These statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company's control). USPR news alerts send via SMS Text Message are free; however standard message & data rates may apply. Check with your wire carrier for more details.
U.S. Precious Metals, Inc.
http://usprgold.com (Our new website is currently under construction due to the exciting new developments we are experiencing. We anticipate that we will be back online in the very near future)
Investor Relations:
FN Media Group
ir@fnmediagroup.com
(954)968-9322
SOURCE: U.S. Precious Metals, Inc.
Published at Investorideas.com newswire
Disclaimer/Disclosure: The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. Disclosure: (OTC: USPR) effective May 23 2013, news publication and distribution on Investorideas.com newswire: disclosure: one thousand five hundred for one week of services
http://www.investorideas.com/About/Disclaimer.asp
This site is currently compensated by featured companies, news submissions and online advertising.
BC Residents and Investor Disclaimer: 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

Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Reports Q1, 2013 Financial Results Cash Flow from Operations of $8.8 Million ($0.08 Per Share) Net Earnings $6.0 Million ($0.06 Per Share)

VANCOUVER, BRITISH COLUMBIA - May 15, 2013 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) (CW5.F) ("SilverCrest" or the "Company") is pleased to announce its financial results for the first quarter ended March 31, 2013. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in U.S. dollars unless otherwise specified. The information in this news release should be read in conjunction with the Company's unaudited condensed consolidated interim financial statements for the three months ended March 31, 2013 and associated management discussion and analysis ("MD&A") which are available from the Company's website at www.silvercrestmines.com and under the Company's profile on SEDAR at www.sedar.com.

J. Scott Drever, President stated; "We are pleased with the steady start to 2013, for which operating costs and production were consistent with budget and mine plan, however, our financial performance in comparison to the extraordinary stellar first quarter of 2012, was impacted by lower metal prices and our decision to accelerate waste removal resulting in less ore processed and ultimately fewer ounces of gold sold compared to the first quarter 2012. Our operating team continues to tightly control operating costs, which resulted in the average cash operating cost of ($7.69) per ounce during the first quarter which was less than the corporate guidance of $8.50 per silver equivalent ounce. We are comfortable that, as the strip ratio declines during the second half of 2013 and the ore grades in the pit continue to increase, we will meet our corporate market guidance of 625,000 ounces of silver and 33,000 ounces of gold for 2013."
FINANCIAL HIGHLIGHTS OF Q1, 2013, Compared to Q1, 2012:

• Cash flow from operations (1) decreased 28% to $8.8 million ($0.08 per share).
• Cash operating cost per silver equivalent ounce sold (2) increased 10% to $7.69, but below market guidance of $8.50.
• Revenues reported - IFRS (3) decreased 22% to $15.3 million.
• Metal sales of 157,088 ounces of silver were up 12% and 7,370 ounces of gold were down 25%.
• Bullion inventory at March 31, 2013, included 43,278 ounces of silver and 2,106 ounces of gold.
• Realized spot metal prices were down for ounces sold - silver price fell 12% and gold price fell 5%.
• Net earnings were similar at $6.0 million ($0.06 per share), compared to $6.1 million ($0.07 per share).
• Cash, cash equivalents and short term investments were $41.1 million - Working capital was $48.9 million (at March 31, 2013).

Comparison of the three months ended March 31, 2013 to March 31, 2012
Net earnings were $6,002,276 ($0.06 per share basic) for the first quarter, consistent with $6,070,520 ($0.07 per share basic) in the first quarter of 2012.
Silver and gold revenues totalled $15,329,642 (2012 - $19,599,570) in the first quarter. Silver and gold revenues on a cash basis decreased by 17% to $14,776,451 (2012 - $17,776,691), primarily from a reduction in the number of gold ounces sold and lower realized spot prices.
Silver sales for the quarter were 157,088 ounces (2012 - 139,771), or 12% higher than the same period in 2012, but the average realized price was 12% lower at $30 (2012 - $34) per ounce. Total gold sales were 7,370 ounces (2012 - 9,788) or 25% below 2012. The Company sold 5,896 spot gold ounces (2012 - 6,471) at lower market spot realized prices of $1,626 (2012 - $1,720) per ounce. The Company delivered 1,474 gold ounces (2012 - 1,958) to Sandstorm at $350 per ounce.
Cost of sales amounted to $4,368,519 (2012 - $4,491,131). The cash cost per silver equivalent ounce sold amounted to $7.69, Au:Ag 55.8:1 (2012 - $7.00, Au:Ag 51.2:1). Corporate market guidance estimate for 2013 continues at $8.50 per silver equivalent ounce, (Au:Ag 55:1). The increase in cash cost per silver equivalent ounce sold was driven by higher operating costs during the second half of 2012 and lower gold sales, which corresponded to an increase in the average silver equivalent ounce value loaded on the leach pad and recorded in cost of sales. The overall cash cost per silver equivalent ounce increased, despite a decrease of approximately $0.50 per silver equivalent ounce from a lower silver to gold price ratio during the first quarter compared with the same quarter in 2012.
General and administrative expenses increased by 14% to $1,340,926 (2012 - $1,172,197) primarily due to an increase in regulatory expense and remuneration, resulting from the addition of new Corporate personnel and increased compensation for management.

(1) Cash flow from operations before changes in working capital items. This is a Non-IFRS performance measure.
(2) Silver equivalent ounces consist of the number of ounces of silver sold plus the number of ounces of gold sold multiplied by the ratio of the spot gold price to the spot silver price at the quarter end dates (Q1 2013; 55.8:1, Q1 2012; 51.2:1).
(3) IFRS 18 - Revenue should be recorded at its fair value, which for gold and silver is the market spot price on the date revenue is recognized.
(4) The MBL Hedging Facility was fully repaid in fiscal 2012, so this non-cash adjustment has now been eliminated.

NON-IFRS PERFORMANCE MEASURES
The discussion of financial results in this press release includes reference to cash operating cost per silver equivalent ounce sold which is a non-IFRS performance measure. The Company presents this measure to provide additional information regarding the Company's financial results and performance. Please refer to the Company's MD&A for the three months ended March 31, 2013, for a reconciliation of this measure to reported IFRS results.
OUTLOOK FOR 2013
SilverCrest's immediate focus is to continue to efficiently operate its flagship Santa Elena low cost open pit silver and gold mine, complete the construction of a new 3,000 tonne-per-day mill facility on schedule and on budget, and complete an update of the Santa Elena Resources, Reserves and Life of Mine Plan ("LOMP"). The Company will also advance the delineation of the large silver, copper, gold deposit at the La Joya Property by completing a PEA and further definition drilling of additional resources at La Joya and other exploration targets in its vicinity.
Santa Elena Open Pit Production Targets

• Meet estimated 2013 production of 625,000 ounces of silver and 33,000 ounces of gold (2.4 million ounces of silver equivalent, Ag:Au 55:1) (Q1 2013; 153,481 silver ounces and 7,225 gold ounces or 556,671 ounces of silver equivalent, Ag:Au 55.8:1).
• Achieve estimated 2013 direct operating costs of $20.7 million (Q1 2013; $5.4million).
• Maintain estimated cash operating cost of $8.50 per ounce silver equivalent sold (Ag:Au 55:1). (Q1 2013; $7.69 per ounce silver equivalent).
• Limit estimated operational sustaining capital expenditure to $1.0 million. (Q1 2013; approx $0.4 million incurred).

Santa Elena Expansion Targets

• Complete construction of new conventional 3,000 tpd CCD processing facility on schedule and on budget - Capital assigned for 2013 is $53.2 million. (Q1 2013; approx $25.5 million committed and $10.7m incurred).
• Complete underground decline development of main ramp to 1,500 metres to enable physical access to ore underground for direct mill feed in 2014 - Capital assigned for 2013 is $7.8 million. (Q1 2013; approx $0.8m incurred).
• Complete Pre-Feasibility Study on Expansion Plan (mill, underground and re-processing leach pad material), including Resources, Reserve and LOMP revisions.
• Complete surface drilling of approximately 15,000 metres to expand additional resources and reclassify to reserves - Capital assigned for 2013 is $3.2 million. (Completed: Q1 2013; approx 20,850 metres and $3.0 million incurred, additional drilling of approx 7,000 metres was completed based on success of further discoveries).
• Systematic and aggressive review of new targets near Santa Elena for acquisition and exploration. Subsequent to March 31, 2013 a new property ("San Juan") was acquired (100%) at minimal cost that is approximately 45 kilometres from the Santa Elena Mine. The San Juan Mine was a past producer with reported silver grades over 1 kilogram per tonne. This property is being evaluated for initial drilling in 2013. Mapping and surface sampling results to date show a mineralized system over 3 kilometres along strike with multiple near surface silver-gold targets. Capital assigned for 2013 is minimal and is covered under a general Mexico reconnaissance budget of $1.0 million.

La Joya Project Targets

• File Updated Resource Estimate NI43-101 Technical Report in Q1 2013 with initial positive metallurgical results. (Completed).
• Complete and File a PEA NI43-101 Technical Report evaluating the high grade portion of the deposit as a potential "Starter" Pit. (Commenced).
• Complete Phase III drilling program revised to approximately 40 core and reverse circulation drill holes for in-fill and expansion of current resources. (Capital assigned for 2013 revised to $3 million).
• Complete final staged payments of approximately $4.0 million under the La Joya agreements to acquire 100% of the 10 mineral concessions under option. The final payments can be made by a combination of cash and shares.
• Continue to Explore the Coloradito, La Esperanza and Santo Nino targets, which are adjacent to the Main Mineralized Trend.
• Explore geophysical targets, La Paloma and El Pino within the current land position.

The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
SilverCrest Mines Inc. (TSX-V: SVL; NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Published at Investorideas.com Newswire
Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : 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