SilverCrest Expands Las Chispas Resource: Indicated Resource: 1.0 Million Tonnes 1,234 gpt AgEq for 39.8 Million Oz AgEq, Inferred Resource: 3.6 Million Tonnes 581 gpt AgEq for 68.1 Million Oz AgEq
N. Eric Fier, CPG, P.Eng and CEO, remarked, Less than three years ago we first started drilling the Las Chispas Property and we are now announcing our third resource estimate, including our first Indicated Resource Estimate. We are particularly excited about the high-grade resources delineated at the Babicanora (including HW), Babicanora FW and Babicanora Norte Veins. These three adjacent veins cumulatively host Indicated Resources of 1.0 Million tonnes grading 1,234 gpt AgEq (39.8 million ounces of AgEq). These high-grade resources are near surface and conceptually can be developed using the same underground infrastructure, which may be a key driver of the economics for the project. This Third Mineral Resource Estimate will be used to finalize the ongoing PEA planned for release in Q2, 2019. The Company will continue exploration with seven core drills focused on infill drilling to upgrade additional inferred resources into the indicated category and five core drills testing up to five new vein prospects in H1, 2019.
