SilverCrest Mines Inc. (TSXV:SVL,NYSE:SVLC, AMEX:SVLC) announced drilling results from the Santa Elena Mine in Sonora Mexico, including bonanza grades and interception of a new zone.SilverCrest Mines Inc.
As quoted in the press release:
Core holes SE-12-62, 54, 91, 92, 94, 103, and 106 have all intercepted Bonanza grades of gold, greater than 34 gpt Au and/or silver, greater than 1,000 gpt Ag, ranging from 1.1 metres @ 9.46 gpt Au and 1,700 gpt Ag to 2.3 metres @ 157.3 gpt Au and 1,610.5 gpt Ag. Bonanza grade hole SE-12-54 was previously announced (Dec. 4, 2012) with an intercept of 1.0 metre @ 4.94 gpt Au and 1,230 gpt Ag within 30.7 metres @ 1.61 gpt Au and 169.6 gpt Ag.
SilverCrest’s President, J. Scott Drever, said:
In an epithermal deposit such as Santa Elena one can always expect narrow widths of high grades but to encounter 15.6 metres grading 23.9 gpt Au (0.69 opt) and 307.9 gpt Ag (9.0 opt) is truly remarkable and the discovery of the new ‘El Cholugo Zone” with similar high grades simply adds to the excitement of the increased potential.
Nexus Gold Corp. (TSXV:NXS) is currently drilling on the Walker Ridge Gold Project in Nevada - a multiple target, Carlin-type gold exploration property. They have recently submitted an expanded Plan to increase the current 8 pad plan to 29 drill pads.
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