SilverCrest Metals Inc. (TSX: SIL) (NYSE American: SILV) is pleased to announce the remaining in-fill drill results which will be included in the upcoming Feasibility Study for its Las Chispas Property located in Sonora, Mexico. Today’s results include in-fill drilling for the Babicanora the Babicanora Footwall, the Babicanora Hangingwall and Babicanora Sur veins (see attached Figures). Drilling for these veins was designed to expand the known mineralized footprints, and to in-fill previously reported drilling used for resource estimation in the Technical Report and Preliminary Economic Assessment for Las Chispas with an effective date of May 15, 2019, and amended on July 19, 2019. These results, along with all assay data received by the Company up to and including the cut-off date of October 16, 2020, will be incorporated into the Mineral Resource Estimate update and Maiden Reserve Estimate as part of the upcoming Feasibility Study.
Highlights include:
Vein | Drill Hole Vein Intercepts (composited) in This News Release | Drill Hole Vein Intercepts (composited) in Total | ||||||||
# Vein Intercepts |
Ave. True Width (m) |
Weighted Ave. Grade | # Vein Intercepts |
Ave. True |
Weighted Ave. Grade | |||||
Au gpt | Ag gpt | AgEq* gpt | Au gpt | Ag gpt | AgEq* gpt | |||||
Babi Main | 125 | 2.1 | 4.53 | 409.9 | 750 | 231 | 2.7 | 7.54 | 712.6 | 1,238 |
Babi FW | 31 | 1.1 | 9.03 | 655.9 | 1,333 | 67 | 1.0 | 9.04 | 748.0 | 1,431 |
Babi HW | 31 | 0.8 | 4.62 | 182.8 | 529 | 56 | 0.7 | 3.90 | 206.6 | 460 |
Babi Sur | 6 | 1.5 | 15.48 | 488.5 | 1,650 | 38 | 1.5 | 9.38 | 435.6 | 1,139 |
Note: Intercept numbers reflect multiple vein intercepts for some drill holes. Values shown are uncut, undiluted. | ||||||||||
*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. |
Overall, in-fill drilling generally shows that veins are somewhat narrower but higher grade, with some veins having longer strike lengths. Denser drill spacing has better defined high-grade shoots and zones for future exploration work in the district.
The following tables summarize the most significant drill intercepts (uncut, undiluted, greater than 500 AgEq) for this release:
Babicanora “Main” Vein
Hole ID | From (m) | To (m) | Drilled Intercept (m) |
Approx. True Width (m) |
Au gpt | Ag gpt | AgEq gpt* |
BA19-197 | 271.7 | 272.7 | 1.0 | 0.8 | 3.10 | 402.1 | 635 |
BA19-209 | 411.0 | 415.9 | 4.9 | 3.9 | 8.08 | 959.1 | 1,565 |
BA19-219 | 175.5 | 176.8 | 1.3 | 1.0 | 26.80 | 815.0 | 2,825 |
BA19-220 | 235.1 | 238.8 | 3.7 | 3.0 | 19.11 | 1,692.3 | 3,125 |
BA19-235 | 160.6 | 163.0 | 2.4 | 2.0 | 21.41 | 1,632.4 | 3,238 |
BA19-246 | 216.7 | 218.1 | 1.4 | 1.1 | 10.43 | 99.1 | 881 |
BA19-253 | 169.1 | 171.3 | 2.2 | 1.8 | 7.61 | 1,059.5 | 1,630 |
BA19-257 | 189.5 | 190.9 | 1.4 | 1.1 | 10.14 | 586.3 | 1,347 |
BA19-271 | 69.8 | 70.6 | 0.8 | 0.7 | 6.77 | 8.0 | 516 |
BA19-277 | 88.5 | 91.7 | 3.2 | 2.6 | 6.09 | 109.8 | 566 |
BA19-282 | 140.3 | 146.3 | 6.0 | 4.8 | 3.54 | 276.8 | 542 |
BA19-293 | 118.7 | 119.4 | 0.7 | 0.6 | 0.05 | 543.7 | 547 |
BA19-296 | 129.6 | 130.8 | 1.2 | 1.0 | 6.81 | 503.2 | 1,014 |
BA19-302 | 138.7 | 141.6 | 2.9 | 2.3 | 4.83 | 395.9 | 758 |
BA19-304 | 305.0 | 308.0 | 3.0 | 2.4 | 38.06 | 4,213.8 | 7,068 |
BA19-310 | 150.5 | 152.5 | 2.0 | 1.6 | 6.54 | 124.2 | 615 |
BA19-311 | 331.5 | 335.0 | 3.5 | 2.8 | 1.94 | 459.4 | 605 |
BA19-313 | 195.3 | 199.5 | 4.2 | 3.4 | 4.80 | 226.8 | 587 |
BA19-314 | 313.2 | 315.9 | 2.7 | 2.1 | 3.43 | 503.9 | 761 |
BA19-317 | 218.7 | 221.5 | 2.8 | 2.2 | 3.60 | 573.8 | 844 |
BA19-320 | 399.9 | 402.2 | 2.3 | 1.8 | 3.04 | 287.5 | 516 |
BA19-329 | 401.9 | 414.3 | 12.4 | 9.9 | 2.93 | 476.6 | 696 |
BA19-334 | 266.8 | 267.5 | 0.7 | 0.6 | 4.00 | 346.6 | 647 |
BA19-341 | 186.5 | 192.9 | 6.4 | 5.1 | 6.05 | 190.3 | 644 |
BA19-344 | 362.7 | 365.3 | 2.6 | 2.1 | 8.96 | 840.9 | 1,513 |
BA19-347 | 348.1 | 349.6 | 1.5 | 1.2 | 4.71 | 662.4 | 1,015 |
BA19-353 | 176.3 | 178.2 | 1.9 | 1.5 | 5.81 | 71.1 | 507 |
BA20-361 | 237.4 | 243.6 | 6.2 | 4.9 | 3.77 | 531.7 | 814 |
BA20-362 | 254.4 | 256.2 | 1.8 | 1.5 | 8.60 | 504.8 | 1,150 |
BA20-364 | 248.0 | 249.4 | 1.4 | 1.1 | 9.62 | 1,435.1 | 2,156 |
BA20-367 | 68.7 | 71.7 | 3.0 | 2.4 | 8.22 | 425.0 | 1,041 |
BA20-368 | 211.0 | 212.3 | 1.3 | 1.0 | 9.98 | 1,293.1 | 2,042 |
BA20-373 | 200.3 | 202.6 | 2.3 | 1.8 | 5.63 | 644.2 | 1,067 |
BA20-376 | 269.2 | 271.8 | 2.6 | 2.1 | 1.98 | 406.0 | 555 |
BA20-377 | 225.9 | 226.5 | 0.6 | 0.5 | 3.80 | 357.3 | 642 |
UBR19-01 | 83.9 | 84.7 | 0.8 | 0.6 | 16.77 | 1,532.8 | 2,791 |
UBR19-06 | 29.4 | 35.0 | 5.6 | 4.4 | 23.36 | 2,194.2 | 3,946 |
Babicanora Footwall Vein
Hole ID | From (m) | To (m) | Drilled Intercept (m) |
Approx. True Width (m) |
Au gpt | Ag gpt | AgEq gpt* |
BA19-201 | 256.1 | 257.9 | 1.8 | 1.4 | 6.96 | 624.9 | 1,147 |
BA19-214 | 493.6 | 494.6 | 1.0 | 0.8 | 3.04 | 331.1 | 559 |
BA19-215 | 180.9 | 183.4 | 2.5 | 2.0 | 96.53 | 2,898.9 | 10,139 |
BA19-218 | 168.1 | 168.7 | 0.6 | 0.4 | 30.17 | 1,728.1 | 3,991 |
BA19-257 | 221.8 | 222.6 | 0.8 | 0.6 | 4.62 | 445.5 | 792 |
BA19-264 | 119.6 | 120.6 | 1.0 | 0.8 | 24.45 | 2,063.8 | 3,897 |
BA19-279 | 251.5 | 252.0 | 0.5 | 0.4 | 2.84 | 453.1 | 666 |
BA19-285 | 306.2 | 306.7 | 0.5 | 0.4 | 3.94 | 359.4 | 655 |
BA19-306 | 263.7 | 267.6 | 3.9 | 3.1 | 3.15 | 266.5 | 503 |
BA19-310 | 168.3 | 169.0 | 0.7 | 0.6 | 15.57 | 240.4 | 1,408 |
BA19-314 | 340.2 | 341.2 | 1.0 | 0.8 | 2.40 | 354.7 | 535 |
BA19-317 | 254.6 | 255.6 | 1.0 | 0.8 | 10.92 | 1,232.6 | 2,052 |
BA19-332 | 80.9 | 86.8 | 5.9 | 4.7 | 3.79 | 565.2 | 849 |
BA19-341 | 222.5 | 223.2 | 0.7 | 0.6 | 6.82 | 437.2 | 949 |
UBV19-29 | 3.0 | 3.8 | 0.8 | 0.6 | 8.22 | 2,188.9 | 2,805 |
UBV19-30 | 1.8 | 4.4 | 2.6 | 2.0 | 6.55 | 795.1 | 1,286 |
UBV19-31 | 1.5 | 3.7 | 2.2 | 1.8 | 4.07 | 570.8 | 876 |
BV20-24 | 92.5 | 93.1 | 0.6 | 0.5 | 26.11 | 5,584.6 | 7,543 |
Babicanora Hangingwall Vein
Hole ID | From (m) | To (m) | Drilled Intercept (m) |
Approx. True Width (m) |
Au gpt | Ag gpt | AgEq gpt* |
BA19-215 | 118.9 | 122.0 | 3.1 | 2.5 | 6.59 | 173.3 | 667 |
BA19-260 | 142.2 | 143.0 | 0.8 | 0.6 | 10.74 | 72.9 | 878 |
BA19-287 | 95.2 | 95.8 | 0.6 | 0.5 | 7.50 | 54.9 | 617 |
BA19-296 | 117.6 | 118.4 | 0.8 | 0.6 | 0.05 | 1,038.7 | 1,042 |
BA19-303 | 104.2 | 104.7 | 0.5 | 0.4 | 90.57 | 75.4 | 6,868 |
BA19-329 | 394.5 | 395.4 | 0.9 | 0.7 | 3.91 | 429.9 | 723 |
BA19-342 | 111.8 | 112.6 | 0.8 | 0.6 | 5.92 | 139.0 | 583 |
UBR19-05 | 6.9 | 7.6 | 0.7 | 0.5 | 8.80 | 685.8 | 1,346 |
Babicanora Sur Vein
Hole ID | From (m) | To (m) | Drilled Intercept (m) |
Approx. True Width (m) |
Au gpt | Ag gpt | AgEq gpt* |
BAS20-148 | 219.5 | 220.9 | 1.4 | 1.1 | 5.92 | 392.9 | 837 |
BAS20-156 | 128.0 | 130.2 | 2.2 | 1.8 | 72.22 | 160.8 | 5,577 |
BAS20-158 | 165.6 | 166.2 | 0.6 | 0.5 | 6.70 | 22.0 | 524 |
BAS20-159 | 252.9 | 259.8 | 6.9 | 5.5 | 7.12 | 845.4 | 1,379 |
BAS20-161 | 305.6 | 306.2 | 0.6 | 0.4 | 5.40 | 499.0 | 904 |
*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. |
All assays were completed by ALS Chemex in Hermosillo, Sonora, Mexico, and North Vancouver, BC, Canada, and Bureau Veritas Inspectorate Ltd. in Hermosillo, Sonora, Mexico.
The drill results in the news release include holes BA19-194 to BA20-391, UBR19-01 to UBR19-06 and UBD19-01 to UBD19-06. Holes BA19-194, 196, 199, 200, 204B-208, 210-214, 217, 221-223, 225, 226, 229, 231-233, 237-240, 244, 248, 249, 252, 255, 256, 258, 260-262, 264, 267, 268, 270, 273, 275, 276, 278-281, 283, 285, 286, 289A-291, 294, 295, 298, 299, 301, 303, 305-307, 309, 312, 315, 318, 319, 321, 323, 326, 331, 335, 339, 340, 342, 345, 348, 350, 351, 355-357, 359, 360, BA20-366, 369-372A, 374, 378-385, 387, 390, 391; UBD19-01, UBD20-02 to 05, 07; UBR19-04 intersected veining but were below the Company’s cutoff grade of 150 gpt AgEq.
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.
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