SilverCrest Finds Near-surface Gold and Silver Mineralization at El Durazno

SilverCrest Mines Inc. (TSX:SVL,NYSEMKT:SVLC) announced the first results from exploration drilling at the El Durazno target, located at its Mexico-based Ermitaño I concession.

As quoted in the press release:

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.

N. Eric Fier, president and COO of SilverCrest, commented:

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.

Click here to read the full SilverCrest Mines Inc. (TSX:SVL,NYSEMKT:SVLC) press release.