#ExploringMining #Podcast Episode 96 – #Mining #Stocks News from (NYSE American: $SILV) (TSX: $SIL.TO) (TSXV: $BNCH.V) (NYSE American: $LODE) (TSXV: $RDG.V)

#ExploringMining #Podcast Episode 96 – #Mining #Stocks News from (NYSE American: $SILV) (TSX: $SIL.TO) (TSXV: $BNCH.V) (NYSE American: $LODE) (TSXV: $RDG.V)

 

 

Point Roberts WA, Delta BC, August 27, 2020 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.

 

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SilverCrest Metals Inc. (NYSE American:SILV) (TSX:SIL) has acquired the El Picacho property near its Las Chispas property in Sonora, Mexico. Specifically, the property was acquired by SilverCrest subsidiary, Compañía Minera La Llamarada, and an affiliate, for a purchase price of $1.6 million, giving 100 percent ownership in 11 mining concessions of the property totalling approximately 7,060 hectares. Eric Fier, SilverCrest Metals CEO, said:

 

"We first looked at acquiring Picacho in 2016, after the sale of SilverCrest Mines Inc. (SilverCrest's predecessor) in 2015, as a continuation of our regional exploration program in search of a new district containing multiple precious metal epithermal veins. After 4 years of patience, we have now acquired the next district. The most historic prominent vein in the district, El Picacho Vein, can be easily accessed by a 4 metre by 4 metre underground decline which visually shows the vein underground as approximately 6 metres wide with historic grades and SilverCrest recent sampling results ranging from 350 to 1,000 gpt silver equivalent ("AgEq"*). Historic drill intercepts in this vein's initial high-grade footprint have a weighted average of 4.1 metres grading 618 gpt AgEq* (see attached Figures, Table and Historic Qualification below). We plan on using our 15 years of local experience gained at Santa Elena and Las Chispas to unlock the potential at Picacho. The Company anticipates starting an exploration drill program at Picacho before the end of the year, subject to permitting and minimal disruptions from COVID-19."

 

Benchmark Metals Inc. (TSXV:BNCH) has announced the discovery of new mineralized structures, broad zones of alteration, veining, and sulphide mineralization at the Marmot Zone. The company has completed drill hole planning and will start drilling soon, according to the press release. Benchmark CEO, John Williamson, commented:

 

"The new gold-silver discovery provides additional geological support that the entire +20 kilometre long, Lawyers gold-silver trend remains under-explored and hosts potential for multiple, large gold-silver bearing zones across the entire 140km² land package. The Benchmark team continues to develop and discover new targets while advancing the heart of the property with an aggressive resource definition and expansion drill program. Drill results from the on-going resource expansion drill program are anticipated following delivery of assay certificates from the laboratory and interpretation by the Benchmark team.”

 

Comstock Mining Inc. (NYSE American:LODE) has contracted Geotech Ltd to “conduct airborne geophysical surveys of its wholly owned Dayton resource area and adjacent Spring Valley exploration targets.” Corrado DeGasperis, Comstock CEO, said:

 

“We have secured a nearly 3-mile continuous trend in the southern half of the Comstock District, with known, higher-grade gold and silver mineralization and significant expansion potential. Geotech’s surveys will provide invaluable data, to both corroborate and expand our knowledge of the potential mineralization, at depths not previously explored, enabling us to, among other things, finalize the most effective and efficient drill program.”

 

Ridgeline Minerals Corp. (TSXV:RDG) has completed its Phase II drill program at the Selena Gold Project in White Pine County, Nevada. The company’s VP of Exploration said:

 

"We are pleased with the completion of our Phase II scout drill program on schedule. We tested both the Chinchilla and Juniper targets at the favorable Pilot Shale contact and observed a strong correlation between alteration intensity and proximity to the northwest striking Juniper fault zone. As a result, we increased the scope of our program to test to the south of Chinchilla along the Juniper fault zone, which we interpret as a potential feeder fault connecting the Chinchilla and Juniper targets."

 

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

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers.  Disclosure: SilverCrest Metals is a paid  annual news and social media client on Investorideas.com

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#Mining Stock News: #SilverCrest (TSX: $SIL.TO; NYSE: $SILV) Announces Acquisition of El Picacho Property Near Las Chispas @SilverCrestMe

#Mining Stock News: #SilverCrest (TSX: $SIL.TO; NYSE: $SILV) Announces Acquisition of El Picacho Property Near Las Chispas @SilverCrestMet

 

Vancouver, British Columbia - August 27, 2020 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSX: SIL.TO; NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce it has acquired the El Picacho Property ("Picacho" or the "Property") located near its Las Chispas Project ("Las Chispas") in Sonora, Mexico. The Property was acquired by the Company's subsidiary, Compañía Minera La Llamarada, S.A. de C.V., from American Metal Mining, S.A. de C.V. (the "Vendor", a Mexican company), and an affiliate. The purchase price for a 100% ownership in 11 mining concessions of the Property totalling approximately 7,060 hectares was US$1.6 million (paid to the Vendor). The Company also paid the necessary government taxes to bring these concessions to good standing.

 

Read this news featuring SILVERCREST in full at https://www.investorideas.com/CO/SILV/news/2020/08271Acquisition-El-Picacho-Property.asp

 

N. Eric Fier, CPG, P.Eng, and CEO, remarked, "We first looked at acquiring Picacho in 2016, after the sale of SilverCrest Mines Inc. (SilverCrest's predecessor) in 2015, as a continuation of our regional exploration program on search of a new district containing multiple precious metal epithermal veins. After 4 years of patience, we have now acquired the next district. The most historic prominent vein in the district, El Picacho Vein, can be easily accessed by a 4 metre by 4 metre underground decline which visually shows the vein underground as approximately 6 metres wide with historic grades and SilverCrest recent sampling results ranging from 350 to 1,000 gpt silver equivalent ("AgEq"*). Historic drill intercepts in this vein's initial high-grade footprint have a weighted average of 4.1 metres grading 618 gpt AgEq* (see attached Figures, Table and Historic Qualification below). We plan on using our 15 years of local experience gained at Santa Elena and Las Chispas to unlock the potential at Picacho. The Company anticipates starting an exploration drill program at Picacho before the end of the year, subject to permitting and minimal disruptions from COVID-19."

 

Picacho is located approximately 40 kilometres northeast of the Company's Las Chispas Project and depending on drilling success, may be considered as either a standalone mine or a satellite project for additional mill feed to Las Chispas which is currently under development.

 

The Property was a historic gold and silver producer, with the first noted production in late 1800s with grades greater than 15 gpt gold (Bird, 1904). No verifiable records of production numbers are available. Artisanal mining has occurred sporadically over the last 100 years, including a recent small mining operation for smelter flux, with precious metal credits, which was transported to a nearby smelter.

 

Several companies over the past 30 years have explored the Property; most notably Yamana Gold Inc. in 2012. A total of 100 drill holes totalling 15,890 metres (37% reverse circulation and 63% core) were completed up to 2012. All but one drill intercept in El Picacho Vein are located below historic mine workings in intact ground. Also notable is over three (3) kilometres of near surface underground workings in El Picacho Vein that are mostly accessible by a 4 metre by 4 metre decline that exposes the partially developed mineralized vein. Previous drill results of the select holes noted in the tables below and the presence of wide multiple converging veins and stockwork at the surface suggest the potential for open pit mining on Picacho.

 

There are seven (7) low-sulfidation epithermal main veins on the concessions, with numerous near parallel hanging and footwall veins (see attached Figures). The main veins have a known cumulative strike length of over 10 kilometres with widths ranging from 0.5 to 15 metres. The El Picacho Vein is the most prominently explored vein on the Property and has several historic estimated resources. A historic resource completed before 2012 using historic drilling and underground work, suggests an estimated 360,000 tonnes grading 8.50 gpt Au and 40.0 gpt Ag, or 677 gpt AgEq* totalling 7.8 million ounces AgEq (see Historic Qualification below).

 

In 2017, SilverCrest completed underground channel sampling as part of a due diligence exercise. Results from 10 underground bulk channel (back or roof of ramp) samples, over an estimated strike length of 50 metres, showed an average true width of 6.0 metres and grade of 13.66 gpt Au and 50.8 gpt Ag, or 1,075 gpt AgEq*. Two initial standard bottle rolls for metallurgical test work on these samples, completed by SGS de Mexico, S.A.de C.V., showed composite recoveries of greater than 90% for both gold and silver.

 

Historic Qualification

The historic sampling results and resource estimates described above and in the presented tables have not been confirmed by the Company. A qualified person has not done sufficient work to classify the historic estimates as current mineral resources or mineral reserves. The Company is not treating this information as current mineral resources or reserves and has not verified this information. The Company currently does not plan to conduct any work to verify this specific historic estimate, other than using it to guide the Company in its planned drilling, including re-drilling several of the reported drill hole intercepts.

 

Historic Significant Drill Hole Intercepts

The following tables represent the most significant historic drill hole intercepts (uncut, undiluted) completed between 2007 to 2012. The weighted average grade in this table is generally considered to be within a high-grade footprint.

 

El Picacho Vein, Historic Intercepts

Picacho District Veins, Historic Intercepts (Excluding El Picacho Vein)

Note: All numbers are rounded. Based on a cutoff grade of 150 gpt AgEq. Assay results are from various certified labs.

D = Diamond drill hole or core; and R = Reverse circulation drill hole.

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

** Drill hole suggests potential open pit target.

 

Planned Work

In H2, 2020, the Company plans to complete surface and underground exploration work, including mapping, sampling and surveying. Once the necessary drilling permits have been obtained, SilverCrest anticipates drilling before the end of the year. The Company initially plans to allocate two (2) drill rigs to test the El Picacho Vein. Drilling will focus on twinning previous intercepts within the already defined initial high-grade footprint, expanding the footprint and completing initial near surface drilling. The Company's geologists and consultants that are not currently working on Las Chispas will be used to complete work at Picacho. The continued development of Las Chispas will remain the Company's top priority with feasibility work and expansion drilling advancing as planned.

 

The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is N. Eric Fier, CPG, P.Eng, and CEO for SilverCrest, who has reviewed and approved its contents.

 

ABOUT SILVERCREST METALS INC.

SilverCrest is a Canadian precious metals exploration company headquartered in Vancouver, BC, that is focused on new discoveries, value-added acquisitions and targeting production in Mexico's historic precious metal districts. The Company's current focus is on the high-grade, historic Las Chispas mining district in Sonora, Mexico. The Las Chispas Project consists of 28 mineral concessions, of which the Company has 100% ownership of where all the resources are located. SilverCrest is the first company to successfully drill-test the historic Las Chispas Property resulting in numerous high-grade precious metal discoveries. The Company is led by a proven management team in all aspects of the precious metal mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

 

FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. These include, without limitation, statements with respect to: the strategic plans, timing and expectations for the Company's exploration and drilling programs on Picacho and the Las Chispas Property; information with respect to high grade areas and size of veins projected from underground sampling results and historic drilling results; and potential quantities and grades on targets for further exploration. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: impact of the COVID-19 pandemic; the reliability of mineralization estimates, the conditions in general economic and financial markets; availability of skilled labour; timing and amount of expenditures related to rehabilitation and drilling programs; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including: uncertainty as to the impact and duration of the COVID-19 pandemic; the timing and content of work programs; results of exploration activities; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

 

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

 

For Further Information:

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

 

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#ExploringMining #Podcast Episode 95 – #Mining #Stocks News from (NYSE: $RIO) (NYSEAmerican: $NGD) (TSXV: $ARTG.V) (CSE: $SLV.C) (TSXV: $JAX.V)

#ExploringMining #Podcast Episode 95 – #Mining #Stocks News from (NYSE: $RIO) (NYSEAmerican: $NGD) (TSXV: $ARTG.V) (CSE: $SLV.C) (TSXV: $JAX.V)

 

Point Roberts WA, Delta BC, August 25, 2020 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.

 

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Rio Tinto Group’s (NYSE:RIO) Kennecott site has become the first producer to be awarded the Copper Mark, in recognition of its responsible production. Rio Tinto Copper & Diamonds chief executive Arnaud Soirat commented:

 

"The Copper Mark allows our customers to purchase copper from operations that have been independently assessed as meeting the highest environmental, social and governance standards, responding to the growing expectations of consumers around the world for sustainable supply chains.

We look forward to continuing our work with the Copper Mark and seeing this new programme embraced widely along the value chain, to support the role copper continues to play as a key material in a sustainable future."

 

New Gold Inc. (NYSE American:NGD) has closed the previously announced sale of the Blackwater Project to Artemis Gold Inc. (TSXV:ARTG) for a total cash consideration of $190 million, and a gold stream on 8 percent of gold production from the project. Renaud Adams, CEO of New Gold, said:

 

"The divestment of the Blackwater Project completes another key transaction for New Gold that allows us to retain exposure to Blackwater through the gold stream and our equity position in Artemis. We believe that Artemis is the best positioned team to advance the project for the benefit of all stakeholders, including the host communities and partners. We look forward to participating in the future success of Blackwater and wish the team well."

 

Silver Dollar Resources Inc. (CSE:SLV) has reported highlights – including 1,778.1 g/t silver equivalent over two metres – from its most recent diamond drilling program at the La Joya Silver Project in Durango, Mexico. Mike Romanik, President of Silver Dollar, said:

 

"While we knew the Phase 3 drilling was completed at La Joya, we were exceptionally pleased to learn the program returned the highest-grade silver, copper and gold hits to date from the Main Mineralized Trend. A target that is of particular interest is the 750-metre gap between the Main Mineralized Trend and the Santo Nino Deposit, where no drilling has been undertaken. It demonstrates the tremendous potential for resource expansion and will be a priority in our initial exploration campaign."

 

Jaxon Mining Inc. (TSXV:JAX) has received the final assay results from the 2020 Phase One surface rock sampling program at its Hazelton project. According to the press release, this has revealed “multiple high-grade, quartz sulfide mineralization zones with silver grades of up to 1641 g/t, gold grades of up to 5.91 g/t and copper grades of up to 3.46% have been discovered at Netalzul Mountain AOI.” John King Burns, CEO and Chairman of the Board, commented:

 

We are inspired by the geology we are working with and will continue our disciplined and systematic exploration. Despite market pressure to do otherwise, we will only drill test fully developed and geologically informed targets. The discoveries at Netalzul mark another advance in our understanding of and vision for Hazelton."

 

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

 

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