SilverCrest Reports Additional High Grade Underground Sampling Results

Silver Investing

SilverCrest Metals (TSXV:SIL) has announced an update on the underground rehabilitation program with additional assay results from underground channel sampling at its Las Chispas Project in Sonora, Mexico. As quoted in the press release: Las Chispas is in a historic silver-gold mining district which presently hosts two nearby precious metal producers. Historic information indicates that …

SilverCrest Metals (TSXV:SIL) has announced an update on the underground rehabilitation program with additional assay results from underground channel sampling at its Las Chispas Project in Sonora, Mexico.
As quoted in the press release:

Las Chispas is in a historic silver-gold mining district which presently hosts two nearby precious metal producers. Historic information indicates that only three veins of the fourteen historically reported veins at Las Chispas have had documented production, which occurred between 1880 and 1930. SilverCrest’s initial focus is on these three veins; the Las Chispas, William Tell and Babicanora. To the Company’s knowledge, none of the known veins have ever been drilled. For more information, please refer to our website atwww.silvercrestmetals.com.
N. Eric Fier, CPG, P.Eng, President & CEO remarked, “It is very encouraging to receive additional high grade results from our ongoing underground channel sampling program at Las Chispas as we continue to gain further access to historic workings. Our onsite team has safely ascended to the historic 300 level** of the Las Chispas vein with subsequent ongoing mapping and sampling. Our channel sample results on the 300 and 400 levels are showing multiple grades of plus 1 kilogram per tonne silver and up to 2.2 kilograms per tonne silver equivalent*. We are experiencing minimal challenges in accessing and rehabilitating the underground workings. Rehabilitation mainly consists of the removal and stockpiling of historic backfill material along with safely constructing ladders and bridges. We are currently surface drilling based on the expanded Phase I program with ongoing compilation of all our drill data and integration with underground results.”

Click here to read the full press release.

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