Resource News

SilverCrest Metals (TSXV:SIL) has announced additional drill hole results from the William Tell Vein within its Las Chispas Project in Mexico. As quoted in the press release: The William Tell Vein is approximately parallel to the Las Chispas Vein and about 120 metres apart at its midpoint. The William Tell Vein’s historical workings appear to …

SilverCrest Metals (TSXV:SIL) has announced additional drill hole results from the William Tell Vein within its Las Chispas Project in Mexico.
As quoted in the press release:

The William Tell Vein is approximately parallel to the Las Chispas Vein and about 120 metres apart at its midpoint. The William Tell Vein’s historical workings appear to advance on strike to a cross cutting fault and then terminate. This fault also cross cuts the Las Chispas Vein beyond which higher grades and continuity are found as previously reported (see news release dated August 2, 2016). The Company believes this fault bound corridor, in both the William Tell and Las Chispas Veins, may be a mineralizing control for a potential high grade zone in both of the vein systems. Fourof the seven William Tell drill hole intersections located within the potential high grade corridor display grade continuity greater than 400 grams per tonne (“gpt”) silver equivalent* (“AgEq”) over estimated true widths of 0.8 to 1.5 metres. Applying a 50 metre radius influence to the four drill hole intercepts, the area covers approximately 300 metres of strike (see attached figure). No historical workings were intercepted in the seven William Tell Vein drill holes.
Two previously unmapped veins were intercepted in drill holes LC16-13 and LC16-16 at the William Tell Vein which reported grades of 888 gpt AgEq* and 723 gpt AgEq* over estimated true widths of 0.9 metres and 0.8 metres, respectively (see table below). These intercepts are new vein discoveries and are interpreted to be in the footwall and hanging wall, respectively.

Click here to read the full press release. 

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