Day: January 22, 2018

N. Eric Fier, CPG, P.Eng and CEO, remarked: “2017 was a very successful year for SilverCrest with multiple high-grade discoveries at Las Chispas. We have now drilled over 40,000 metres in the district with our current focus on increasing the high-grade footprints of the Babicanora, Las Chispas, and Giovanni veins in preparation for the upcoming maiden resource in Q1. The Babicanora Vein will be the largest contributor to the resource with an impressive high-grade precious metal footprint of over 1.0 kilometre in strike length. Even with our aggressive exploration program in 2017, we have only partially drill-tested 3.5 kilometres of the known 12 cumulative kilometres (19 epithermal veins) in known vein strike length. After the announcement of the maiden resource in Q1 2018, we hope to continue to add value through further in-fill and expansion drilling, complete an updated resource in H2 of this year, and complete a Preliminary Economic Assessment (PEA) in H2 as well. Lastly, I would like to thank all of our shareholders and communities for their continuing support and we are looking forward to another exciting year for the Company.”

Brian Robertson, President and CEO commented, “These high – grade drill results over significant widths continue to expand the mineral resource and increase the grade for the El Dorado/ Juan Bran zone. The expanded resource and higher grades will have a positive impact on an updated resource estimate. The discovery of the high- grade dike contact mineralization also provides a model for exploring additional dike contact zones that are known to exist on the property.”