Thursday, February 26, 2015

Garibaldi (TSX.V: GGI) Signs LOI To Send La Patilla Mill Feed To Gainey Capital's Processing Facility

TSX Mining News: Garibaldi (TSX.V: GGI) Signs LOI To Send La Patilla Mill Feed To Gainey Capital's Processing Facility

Vancouver, British Columbia - February 26, 2015 (Investorideas.com Mining stocks newswire) Garibaldi Resources Corp. (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to announce that it has signed a Letter of Intent (“LOI”) with Gainey Capital Corp. (TSX.V: GNC) to initiate an immediate program to deliver mineralized material from the Company’s La Patilla Gold Property in Sinaloa State, Mexico, to Gainey’s 300 tpd processing facility just 40 miles to the southeast.

This LOI marks another important step for Garibaldi at La Patilla where the Company's strategic plan since acquiring this asset in 2013 has been to move to the exploitation stage as quickly as possible to generate cash flow.

Artisanal miners have been active at La Patilla for decades, the Company has negotiated a long-term agreement with the local community to allow for exploitation at this property, and a highly successful drill program in early 2014 confirmed the presence of near-surface mineralization including 8.5 g/t Au over 10.4 meters within a broader interval of 3.1 g/t Au over 30 meters in diamond drill hole LP-14. La Patilla is considered very prospective for high-grade "shoots".

Garibaldi and Gainey will use this LOI as a framework for a potential long-term revenue sharing agreement between the two companies. In addition, the processing of mineralized material from La Patilla will provide Garibaldi with important additional metallurgical and grade information to further assess the exploitative potential of this asset. Preliminary La Patilla metallurgical testing by Garibaldi has produced encouraging results.

"Our team in Mexico was very impressed with Gainey's state-of-the-art gravimetric/flotation processing center," commented Steve Regoci, Garibaldi President and CEO. "This should be an excellent fit for advancing La Patilla which importantly is located just a short distance away."

Investors are cautioned that the planned processing of mineralized material from La Patilla is not based on a National Instrument 43-101 mineral resource or reserve estimate, preliminary economic assessment, prefeasibility study or feasibility study. As a result, there is no assurance that Garibaldi will be able to economically extract mineralization from La Patilla.

Rodadero Update
Garibaldi eagerly anticipates updating shareholders with regard to the latest exploration developments including assay results from ongoing work at Rodadero, its Mexican flagship project, during the week of March 2, 2015.

Recent corporate developments, including a Rodadero site visit by a second leading producer, and the recently announced bid for Paramount Gold and Silver Corp. by Coeur Mining Inc., have required management to weigh competing strategies to ensure maximum value for shareholders.

Garibaldi values and appreciates its shareholders' loyalty and patience as the Company continues to work toward a breakthrough year in both Mexico and British Columbia.

Garibaldi at PDAC
Garibaldi invites shareholders and interested investors to visit the Company's booth (#3153) and meet with management at PDAC, Sunday, March 1 through Wednesday, March 4, at the Toronto Convention Centre. Drill core from Rodadero will be on display.


Qualified Person
Dr. Craig Gibson, Certified professional Geologist and a director of Garibaldi is a non-arms-length Qualified Person for the Company's Mexico projects and a direct manager of the technical programs operated under contract by Prospeccion Y Desorrollo Minera del Norte (ProDeMin). Dr. Gibson has reviewed this news release and approved the content thereof.

About Garibaldi
Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in Mexico and British Columbia.

We seek safe harbor.

GARIBALDI RESOURCES CORP.
Per: "Steve Regoci"
Steve Regoci, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.

This news is published on the Investorideas.com Newswire and its syndicated partner network


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Disclaimer/Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. More disclaimer info:http://www.investorideas.com/About/Disclaimer.asp The following is a paid for news release.
Disclosure : GGI NEWS RELEASE was paid for publishing by third party ($75)
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. Global investors must adhere to regulations of each country.



Thursday, February 19, 2015

SilverCrest (TSX: SVL) (NYSE MKT: SVLC) Announces New Discovery at Ermitaño El Durazno Target

Mining Stocks News: SilverCrest (TSX: SVL) (NYSE MKT: SVLC) Announces New Discovery at Ermitaño El Durazno Target

Vancouver, BC - February 19, 2015 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX:SVL: NYSE MKT: SVLC) is pleased to announce initial results of exploration drilling at the El Durazno Target within the 100% held Ermitaño I concession in Sonora, Mexico. Nine (9) shallow drill holes, totalling an estimated 2,656 metres have been completed. The objective was to initially drill test surface mineralization for potential open pit targets. El Durazno is the first of several targets identified by surface work to be drilled in the Ermitaño I & II and Cumobabi concessions. Please refer to news releases dated January 14, 2014 and November 18, 2014 on the Company's website at www.silvercrestmines.com for more information.

N. Eric Fier, CPG, P.Eng., President & COO stated; "This is the first known exploration drilling within the Ermitaño concessions. This drilling has resulted in the discovery of near surface gold and silver mineralization at El Durazno which we believe confirms a potential low grade oxide open pit target. Since it is adjacent to the Company's Santa Elena facilities which includes leach pad capacity, small lower grade discoveries can potentially become economic deposits. We expect to carry out additional exploratory work in 2015 at El Durazno and will concurrently advance the exploration program in nearby target areas within the Ermitaño and Cumobabi concessions. We are confident that further attractive targets will be discovered within this developing regional trend."

The Ermitaño I and II concessions (see Figure 1) are located within an 8 kilometre radius of the Company's low cost high-grade epithermal silver and gold producing Santa Elena Mine. These concessions, comprising, an estimated 16,526 hectares, are located along the same "developing regional" trend of mineralization that hosts the Company's Santa Elena Mine. The defined trend is approximately 10 kilometres wide and 20 kilometres long and strikes Northwest-Southeast. The concessions host Late Cretaceous andesite and rhyolite volcanic rocks with major structures controlling the Santa Elena silver and gold low sulphidation epithermal mineralization. An exploration program completed in 2014 has tested outcropping widespread epithermal mineralization in several defined main targets including:

·        El Durazno. Comprises of two parallel east-west trending corridors of veining and stockwork mineralization with thickness ranging from 4 metres to 50 metres with outcropping for a defined cumulative strike length of approximately 900 metres. The first corridor (see attached Figure 2) is defined by outcropping of veining and stockwork in an area of 400 metres along strike and 50 metres wide with a total of 86 surface channel samples averaging 1.28g/t Au. The second corridor is defined by outcropping of veining and stockwork in an area of 500 metres along strike and 50 metres wide with 129 surface channel samples averaging 0.34g/t gold, trace silver. Evidence based on epithermal textures and more detailed mineralogical studies suggest a shallower level exposure in a low sulphidation epithermal environment compared to Santa Elena.
·        Ermitaño West. Contains a network of low sulphidation east–west trending epithermal veins and stockwork within an area of 1,200 metres long 600 metres wide with 546 surface channel samples averaging 0.17g/t Au with surface grades up to 4.8 gpt gold, trace silver over 2.5 metres. Vein textures suggest a shallower level of exposure in the low sulphidation epithermal environment compared to Santa Elena.
·        Ermitaño East. Is an east–west trending galena bearing silver vein system with indications of two different levels of epithermal exposure (deep and shallow) compared to Santa Elena. Several select surface channel samples over 0.1 to 2.0 metres grade over 300 gpt silver.
·        Veta Valentina. Hosts a 1.2 kilometres long and 10 metres wide east-west trending structural corridor with low sulphidation epithermal veining. Results to date show 37 individual surface channel samples from a central zone (50 metres long – 10 metres wide) averaging 1.34g/t gold and 33.2g/t silver.

The Cumobabi concession was recently acquired from Evrim Resources Corp. and consists of 25,221 hectares adjacent to Ermitano concessions (see Figure 1). The Company is currently completing surface work to prioritize targets for future work. Total concession hectares held by the Company at Santa Elena, Cumobabi and Ermitano I & II is 51,172 hectares.

The most significant assay results from this initial exploration drilling program at El Durazno target are shown in the following table (see also Figures 2 & 3). Intervals are considered near-true thickness.

Note: All numbers rounded

All sample analyses were completed by Inspectorate Labs of Reno, NV. Holes ED-14-002 and 004 had no significant values.

Of the board approved 2015 exploration budget totalling US$2.8 million, in respect to the Company's organic growth program for Sonora, Mexico, the exploration budget for the Ermitaño I & II and Cumobabi concessions is US$2.3 million. Exploration work will consist of approximately 6,000 metres of drilling and advance surface regional exploration program to delineate additional targets.

The Qualified Person under National Instrument 43-101 for this news release is N. Eric Fier, CPG, P.Eng, President and COO for SilverCrest, who has reviewed and approved its contents.


SilverCrest Mines Inc. (NYSE MKT: SVLC; TSX: SVL) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest flagship property is the 100%-owned Santa Elena Mine, located 150 kilometres northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a highgrade, epithermal silver and gold producer, with an estimated life of mine of 7 years at an average operating cash costs of $11 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the new 3,000 tonnes per day conventional mill facility at the Santa Elena Mine should recover an average of 1.5 million ounces of silver and 32,800 ounces of gold per annum over the current reserve life. Exploration programs continue to result in new discoveries at Santa Elena and also have rapidly advanced the definition of a large polymetallic deposit at the La Joya property in Durango State, Mexico.

CAUTIONARY NOTE REGARDING 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 and include, without limitation, statements with respect to: the economic viability of a project; strategic plans and expectations for the development of the Company's operations and properties; the amount of mineral reserves and mineral resources; the amount of future production of gold and silver over any period; the amount of expected grades and ounces of metals and minerals; cash operating costs; and life of mine.
These forward-looking statements relate to analyses and other information that are based on, without limitation, the following estimates and assumptions: the presence of and continuity of metals at the Company's projects; cost of production and productivity levels; plant and equipment function as anticipated; the availability of skilled labour; contracted parties provide goods and services on agreed time frame; ability to develop and finance projects; accuracy of the interpretations and assumptions used in calculating reserve and resource estimates; and operations not being disrupted or delayed by unusual geological or technical problems.
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 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; and risks related to governmental regulations and obtaining necessary licenses and permits.
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 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.

Contact:
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
Suite 501 - 570 Granville Street, Vancouver, BC Canada V6C 3P1

Visit this company: SilverCrest Mines Inc.

Published at Investorideas.com Newswire

Disclaimer/Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. 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

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Tuesday, February 17, 2015

SilverCrest (TSX: SVL) (NYSE MKT: SVLC) Appoints Vice President, Corporate Communications

Mining Stocks News: SilverCrest (TSX: SVL) (NYSE MKT: SVLC) Appoints Vice President, Corporate Communications

Vancouver, BC - February 17, 2015 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX:SVL) ( NYSE MKT: SVLC) is pleased to announce the appointment of Michael Rapsch as Vice President, Corporate Communications.

Mr. Rapsch has more than nine years of investor relations and corporate communications experience. The past three and a half years have been within the mining industry at SilverCrest, where he has been responsible for implementation, management and execution of all marketing and investor relations related programs, including but not limited to outreach programs to retail and institutional investors across North America and Europe.

Eric Fier, President & COO, stated: "Michael has been instrumental to the Company's marketing success by expanding our investor relations programs and building our shareholder network. We trust his work, and we are looking forward to his continued contributions as we grow SilverCrest to become a mid-tier gold and silver producer in the industry."


SilverCrest Mines Inc. (NYSE MKT: SVLC; TSX: SVL) 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 highgrade, epithermal silver and gold producer, with an estimated life of mine of 7 years at an average operating cash costs of $11 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the new 3,000 tonnes per day conventional mill facility at the Santa Elena Mine should recover an average of 1.5 million ounces of silver and 32,800 ounces of gold per annum over the current reserve life. Exploration programs continue to result in new discoveries at Santa Elena and the surrounding area. SilverCrest has also rapidly advanced the definition of a large polymetallic deposit at the La Joya property in Durango State, Mexico.

CAUTIONARY NOTE REGARDING 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. These include, without limitation, statements with respect to: the life of mine; the amount of expected grades and ounces of metals and minerals over any period; average operating cash costs; and expectations for the exploration and development of the Company's properties.
These forward-looking statements relate to analyses and other information that are based on, without limitation, the following estimates and assumptions: the presence of and continuity of metals at the Company's projects; cost of production and productivity levels; the availability and costs of mining equipment and skilled labour; accuracy of the interpretations and assumptions used in calculating reserve and resource estimates; and operations not being disrupted or delayed by unusual geological or technical problems.
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; 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 as to actual capital costs, operating costs and economic returns; 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; and risks related to governmental regulations and obtaining necessary licenses and permits.
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 Company undertakes no obligation to update or revise any forward-looking statements, except as otherwise required by applicable law.

Contact:
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 
Suite 501 - 570 Granville Street, Vancouver, BC Canada V6C 3P1

Visit this company: SilverCrest Mines Inc.

Published at Investorideas.com Newswire

Disclaimer/Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. 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

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Thursday, January 15, 2015

SilverCrest (TSX: SVL) (NYSE MKT: SVLC) Announces 2014 Production and Provides 2015 Guidance

Mining Stocks News: SilverCrest (TSX: SVL) (NYSE MKT: SVLC) Announces 2014 Production and Provides 2015 Guidance

·        Annual Record 2.81M AgEq Ounces Produced in 2014
·        Record 936,472 AgEq Ounces Produced in Q4

Vancouver, BC - January 15, 2015 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX:SVL) ( NYSE MKT: SVLC) is pleased to announce record production of 2.81 million ounces AgEq(1) for 2014, record production of 936,742 ounces AgEq(1) for the fourth quarter ("Q4") of 2014, and guidance for 2015 from its 100% owned Santa Elena Mine located in Sonora, Mexico . In 2014, the Santa Elena Mine successfully transitioned from an open pit heap leach operation to an underground mining and milling operation. For additional information and to view photos and videos, please visit the Company's website at www.silvercrestmines.com.

2014 Production Highlights (Compared to 2013)
·        AgEq(1) production record of 2.81 million ounces; a 6% increase with 2.9 million ounces AgEq(1) sold.
·        Silver production record of 1.16 million ounces; a 49% increase.
·        Gold production of 27,609 ounces; an 11% decrease.

Q4 2014 Production Highlights (Compared to Q4 2013)
·        AgEq(1) production record of 936,472 ounces; an 18% increase.
·        Silver production record of 397,509 ounces; a 74% increase.
·        Gold production of 8,983 ounces; a 3% decrease.

N. Eric Fier , President and COO stated; "SilverCrest is pleased to report record quarterly and annual AgEq(1) production at Santa Elena . I would like to thank our hard working team for their contributions and our shareholders for their ongoing support. SilverCrest achieved 93% of its 2014 metal production guidance(3) in spite of the early closure of the open pit and short-term delays relating to the first underground stope. As of today, we have temporarily reopened the pit to provide approximately 6 months of low cost production. Our current operational focus is to improve underground stope production and continue to optimize the mill to ensure throughput tonnages at or above the nameplate capacity of 3,000 tonnes per day ("tpd") and increase metallurgical recoveries to our budget rates of 92% for gold and 70% for silver. Stringent cost controls continue to ensure that positive operating and all-in sustaining cash flow are generated at current metal prices. SilverCrest expects annual production for 2015 to range between 4.0 – 4.4 million ounces of AgEq(1), a significant increase over 2014 production of 2.81 million AgEq ounces."



The new 3,000 tpd mill was commissioned in August of 2014 and the 526,525 tonnes of mill throughput represents approximately 7 months of production, including pre-commissioning milling. Metal production from the mill is estimated at 761,882 ounces for silver and 15,628 ounces of gold. Milling grades were impacted due to approximately 78% of the mixed mill ore coming from the leach pad reserve which has a lower grade than the 22% from the underground reserve grades. The expectation, in the first half of 2015, is that higher grade underground and open pit ore will be approximately 60 to 70% of the mill feed versus the lower grade leach pad ore. Final 2014 mill metal recoveries were slightly below design criteria of 67.5% silver and 92% gold. Mill recoveries are still being optimized (grinding size and cyanide rates) with 2015 targets of 70% silver and 92% gold.

In addition to production from the mill, an estimated 213,017 tonnes were placed on the leach pad during the first half of 2014. Metal production of an estimated 395,139 ounces of silver and 11,981 ounces of gold were recovered through heap leaching processing at Santa Elena.

2015 SilverCrest Production Outlook and Cost Guidance*:
·        Achieve estimated 2015 production guidance of 4.0 – 4.4 million ounces of AgEq (Ag:Au 66.7:1).
·        Silver production is expected to range between 1.6 – 1.8 million ounces.
·        Gold production is expected to range between 36,000 – 39,000 ounces.
·        Achieve estimated cash operating cost of $10 - $11 per AgEq ounce sold* (Ag:Au 66.7:1).
·        Achieve estimated all-in sustaining cash cost of $14 - $15 per AgEq ounce sold* (Ag:Au 66.7:1).

*These are Non-IFRS performance measures. Refer to "CAUTIONARY NOTE REGARDING NON-IFRS PERFORMANCE MEASURES".



Release of 2014 Financial Results and Conference Call
SilverCrest plans to release its audited annual financial statements and MD&A after market closes on Wednesday March 11, 2015. A telephone conference call to discuss these results will be held at 10am PDT (1pm EDT) on Thursday, March 12, 2015.

Upcoming Conference:
SilverCrest will be attending the Vancouver Resource Investment Conference held at the Vancouver Convention Centre on January 18 to 19, 2015. Management looks forward to meeting its shareholders and interested parties at booth #1310.

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, President and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.


SilverCrest Mines Inc. (NYSE MKT: SVLC; TSX: SVL) 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 highgrade, epithermal silver and gold producer, with an estimated life of mine of 7 years at an average operating cash costs of $11 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the new 3,000 tonnes per day conventional mill facility at the Santa Elena Mine should recover an average of 1.5 million ounces of silver and 32,800 ounces of gold per annum over the current reserve life. Exploration programs continue to result in new discoveries at Santa Elena and also have rapidly advanced the definition of a large polymetallic deposit at the La Joya property in Durango State, Mexico.

CAUTIONARY NOTE REGARDING 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 and include, without limitation, statements with respect to: the economic viability of a project; strategic plans and expectations for the development of the Company's operations and properties; the amount of mineral reserves and mineral resources; the amount of future production of gold and silver over any period; the amount of expected grades and ounces of metals and minerals; expected processing recoveries; cash operating costs and outflows, all-in sustaining cash cost; life of mine; and prices of metals and minerals.
These forward-looking statements relate to analyses and other information that are based on, without limitation, the following estimates and assumptions: the presence of and continuity of metals at the Company's projects; cost of production and productivity levels; plant and equipment function as anticipated; the availability of skilled labour; contracted parties provide goods and services on agreed time frame; ability to develop and finance projects; accuracy of the interpretations and assumptions used in calculating reserve and resource estimates; and operations not being disrupted or delayed by unusual geological or technical problems.
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 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; and risks related to governmental regulations and obtaining necessary licenses and permits.
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 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.

CAUTIONARY NOTE REGARDING NON-IFRS PERFORMANCE MEASURES
This news release includes the terms "Cash operating cost per AgEq ounce sold" and "All-in sustaining cash cost per AgEq ounce sold". These terms are commonly used in the mining industry but are not defined under International Financial Reporting Standards ("IFRS"). The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate SilverCrest's performance and its ability to generate cash flow. The data presented is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The Company calculates Cash operating costs per AgEq as cost of sales over total AgEq ounces sold and All-in sustaining cash cost per AgEq as the sum of cost of sales, general and administrative expenses and sustaining capital expenditures from Santa Elena over total AgEq ounces sold.

SOURCE: SilverCrest Mines Inc.

Contact:
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
Suite 501 - 570 Granville Street, Vancouver, BC Canada V6C 3P1

Visit this company: SilverCrest Mines 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. 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

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Tuesday, December 23, 2014

Garibaldi (TSX.V: GGI) Closes $1,250,000 Financing

TSX Mining News: Garibaldi (TSX.V: GGI) Closes $1,250,000 Financing


Vancouver, British Columbia - December 23, 2014 (Investorideas.com Mining stocks newswire) In preparation for a dynamic exploration season in British Columbia in 2015, Garibaldi Resources Corp. (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to announce that it has closed a non-brokered private placement of 5,953,310 flow-through units at $0.21 cents per unit (see details below) for gross total proceeds of $1,250,000 CDN. This strategic financing will be used to further advance the Company’s B.C. properties including the Canadian flagship Grizzly Project in the Sheslay district.

“Exceptional results from Garibaldi's Rodadero discovery in Sonora State and our La Patilla Gold Project in Sinaloa State already ensures that our shareholders have a great deal of exciting news to look forward to, near-term and throughout 2015, from ongoing exploration in Mexico which is accelerating,” stated President and CEO Steve Regoci. “Additionally, Garibaldi management believes strongly in the significant leveraged opportunity offered shareholders by the Company's portfolio of B.C. properties led by the Grizzly. We have the means to unlock the value in these excellent prospects during 2015 which will build on our success in Mexico.”

Garibaldi B.C. Projects Overview
Grizzly Project
A comprehensive NI-43-101 Technical Report on the Grizzly Cu-Au Porphyry Project is currently being completed by C.J. Greig & Associates Ltd. following successful 2014 programs that have further refined preliminary drill targets along with identifying new ones over a northwest-trending mineralized corridor that stretches for 30 km. The Company has been granted a multi-year permit for drilling at the Grizzly from the B.C. Ministry of Mines.
Garibaldi has expanded the Grizzly to 272 sq. km through staking to extend the western border of the Grizzly West porphyry by 1 km. Significant drilling discoveries 10 km apart at the Star and Hat porphyries contiguous to Grizzly are strong evidence as to the scale of mineralization in this district. A new drill program recently commenced at the Hat Property as reported by Doubleview Capital Corp. Dec. 12, 2014.

King
Exploration targets at the 1700 hectare King Property, approximately 10 km north-northeast of the past producing high-grade Snip Mine in the Eskay Creek region, range from high-grade gold to high-grade silver-lead-zinc. Recent power and infrastructure projects have significantly improved access to the claim area. Four mineralized zones are considered highly prospective for potential new discoveries on this under-explored property.

Red Lion
The Red Lion Property, 60 km south of AuRico Gold's Kemess mine in north central B.C., is contiguous to the northern border of Kiska Metals' Kliyul Cu-Au Porphyry Project under option to Teck Resources Ltd. Kliyul has yielded promising results from drilling including 76 m of 1.16 g/t Au and 0.33% Cu, and 218 m of 0.52 g/t Au and 0.23% Cu.

Garibaldi's initial land position at Red Lion, characterized by extremely strong Cu-Au stream sediment geochemistry in both RGS and follow-up proprietary surveys, was increased recently to a total of 45 sq. km with additional staking covering a broad, high-tenor Cu-Au soil geochemical anomaly.

Access and infrastructure at Red Lion are excellent with the power line to the Kemess South mine only 3 km away.

MSM
The MSM prospect, comprising 58 sq. km, is located approximately 50 km northeast of Imperial Metals' Red Chris mine and is underlain by similar Triassic and Jurassic volcanic and plutonic rocks. At least eight Cu-Ag-Au showings have been documented on the property. During this year, Garibaldi compiled all previous exploration data, interpreted satellite imagery lineaments, conducted an airborne magnetic survey and collected stream sediment geochemical samples in preparation for more detailed ground work that will help identify potential drill targets.

Tora Tora
Garibaldi's Tora Tora Property near Princeton, 25 km north of the producing Copper Mountain mine, is largely overburden covered but features a prominent circular shaped magnetic anomaly which management believes may be the expression of a buried intrusive body. The company is following up on last year's aeromagnetic survey of this distinct target located 2 km west of Sego Resources' 2012 discovery hole (DDH-12-21, 100.4 m of 0.95% Cu, 0.55g/t Au and 3.5 g/t Ag).

Black Gold
Garibaldi's Black Gold claims near Grand Forks, British Columbia, are potentially suitable for extraction of dimension stone quality “black granite”. The Company continues to examine ways to unlock the value of this legacy asset.

Private Placement Details
The flow-through private placement consists of units of the Company's securities at a price of $0.21 per unit. Each unit contains one flow-through share in the capital of the Company and one-half of a non-transferable share purchase warrant with each full warrant entitling the holder to acquire one additional common share of the Company at a price of $0.30 for a period of 18 months. Secutor Capital Management Corporation acted as exclusive finder in connection with this non-brokered private placement and was paid a cash commission of $87,500 CDN. The units from this private placement are subject to a hold period and may not be traded until April 23, 2015.


Qualified Person
Carl von Einsiedel, P.Geo., a non-independent geological consultant and a Qualified Person as defined by NI-43-101, has reviewed this news release and approved the content thereof.

About Garibaldi
Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in Mexico and British Columbia.

We seek safe harbor.

GARIBALDI RESOURCES CORP.

Per: "Steve Regoci"
Steve Regoci, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.

Contact:
GARIBALDI RESOURCES CORP.
1150 - 409 Granville Street
Vancouver, BC V6C 1T2
Telephone: (604) 488-8851 Web site: 
GaribaldiResources.com

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