SilverCrest Mines Updates Resource Estimate at La Joya

SilverCrest Mines Inc. (TSXV:SVL, NYSE:SVLC) announced that they have filed a National Instrument 43-101 compliant updated La Joya resources at the La Joya Project in Mexico.

As quoted in the press release:

The updated Inferred Resources and sensitivities are summarized as• Cutoff grade of 15 gpt silver equivalent (Ag Eq*,Global Case): 198.6 million ounces Ag Eq • Cutoff grade of 30 gpt Ag Eq (Base Case); 159.8 million ounces Ag Eq • Cut-off grade of 60 gpt Ag Eq (High Grade Case); 100.8 million ounces of Ag Eq • Cut-off grade of 0.05% WO3; 75.1 million pounds (35,700 tonnes) of WO3.

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

The significant increase of Inferred Resources at La Joya and the identification of a potential high grade starter pit have increased the attractiveness of the project. Confirmation by preliminary metallurgical test work that a high grade, copper-silver-gold concentrate, with high recoveries of copper, silver and gold can be produced is extremely important and encourages us to push forward with our Preliminary Economic Assessment to define preliminary operating and capital parameters for the project.

To view the whole press release, click here.