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 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 …

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. This news release reports on the sampling assay results of the William Tell vein. For more information on Las Chispas and recent channel sampling and drill results, please refer to our website at www.silvercrestmetals.com.
N. Eric Fier, CPG, P.Eng, President & CEO commented, “We continue to expand our high grade footprint at Las Chispas with the latest results from the ongoing underground rehabilitation and channel sampling program as we continue to gain further access to historic workings. Our onsite team has safely descended to the historic 650 level** of the William Tell vein with subsequent ongoing mapping and sampling. Our channel sample results on the 650 level are showing sub interval bonanza grades in excess of 2,500 grams per tonne silver equivalent (AgEq)*over 0.20 metre to 1.12 metre widths.
The William Tell vein is located approximately 120 metres west of the Las Chispas vein and is easily accessible by shared access to both veins. The William Tell vein has had less historical production than the Las Chispas vein, for reasons which we believe are due to a fault displacement which resulted in the previous operator mining out only a fraction of the in situ mineralization. Our Phase I drilling program appears to have intercepted the unmined faulted extension of the William Tell vein. Additional drilling will be required to confirm this and determine the extent, if any, of the intercepted mineralization.”