SilverCrest Further Intercepts Bonanza Grade Gold at Santa Elena

SilverCrest Mines Inc. (TSXV:SVL, NYSE:SVLC, AMEX:SVLC)  announced continued drilling results, including Bonanza grades of gold, from the Santa Elena Mine in Sonora, Mexico.

As quoted in the press release:

In this reported series, core holes SE-12-73 and 110 have intercepted further Bonanza grades of gold, greater than 34 gpt Au and/or silver, greater than 1,000 gpt Ag, ranging from 1.0 metre @ 4.47 gpt Au and 1,465 gpt Ag to 1.0 metres @ 5.07 gpt Au and 2,840 gpt Ag (see tables below). Results from Bonanza grade hole SE-12-62 were partially announced on Jan. 7, 2013 with a final intercept of 1.7 metre @ 42.59 gpt Au and 1,460 gpt Ag within 5.2 metres @ 15.34 gpt Au and 546.2 gpt Ag.

SilverCrest’s President, J. Scott Drever, said:

We are extremely encouraged with the high grade silver intercepts that we are encountering and the fact that four of the high grade results are just on or well beyond our current resource boundary. Gold values and interval widths are also substantial which bodes well for the addition of resources in our upcoming Resource and Reserve revisions.

To view the whole press release, click here.