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SilverCrest Metals (“SilverCrest” or the “Company”) is pleased to announce Phase II drill results within the Las Chispas Property (“Property”) located in Sonora, Mexico. As part of the Company’s ongoing Phase II exploration program, systematic grid drilling the Las Chispas Main Vein (“Main Vein”), comprised of infilling and expanding previous Phase I successful results, is …
SilverCrest Metals (“SilverCrest” or the “Company”) is pleased to announce Phase II drill results within the Las Chispas Property (“Property”) located in Sonora, Mexico. As part of the Company’s ongoing Phase II exploration program, systematic grid drilling the Las Chispas Main Vein (“Main Vein”), comprised of infilling and expanding previous Phase I successful results, is ongoing.
Drill results indicate a newly discovered unmined high grade vein immediately adjacent to the Las Chispas Main Vein and historic workings (see attached Figures). The new vein, named “Giovanni”, and the Las Chispas Main Vein are two of 19 epithermal veins that have been defined on the Property to date. Four drills are currently working at the Las Chispas, William Tell, Varela and Babicanora veins with further results anticipated over the next few months.
N. Eric Fier, CPG, P.Eng, President & CEO said:
“The discovery of a sub-parallel unmined high grade vein adjacent to the Las Chispas historic underground workings is exciting, as we systematically drill several veins on the Property for mineralization expansion and future resource estimation. The Giovanni Vein appears to be continuous over a strike length of 400 to 500 metres, 150 to 200 metres in height, and has an average drilled true thickness of 2.0 metres.
The new vein is easily accessible via the historic Las Chispas main haulage level (600 level). Closely spaced underground drilling is currently being set up to further test the Main and Giovanni veins. As we drill our known targets, we expect to continue to intercept other “Unnamed” high grade veins”.