Oct 25, 2023
The worldwide public relations market is valued at approximately $107 billion U.S. dollars in 2023.
SilverCrest Metals' Initial 5 Drill Hole Results from Las Chispas Project in Mexico Show Bonanza Silver Equivalent Grades - Video Available on InvestmentPitch.com
August 05, 2016 11:35 AM EDT | Source: InvestmentPitch Media
Vancouver, British Columbia--(Newsfile Corp. - August 5, 2016) - SilverCrest Metals (TSXV: SIL) has released the first drill hole results, described as bonanza grades, from its Las Chispas Project in Mexico.
Las Chispas, located in Sonora State, is in a historic silver-gold mining district which presently hosts two nearby precious metal producers.
InvestmentPitch.com has produced a "video" which discusses this company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "SilverCrest Metals" in the search box.
Cannot view this video? Visit:
http://www.investmentpitch.com/video/0_h4xw26ei/SilverCrest-Metals-TSXV-SIL-released-its-first-drill-results-from-Las-Chispas-Project-in-Mexico
For those of you new to the SilverCrest Metals' story, the company was formed following the October 2015 acquisition of SilverCrest Mines, with its Santa Elena Mine, by First Majestic Silver Corp.
The most significant results are 4.6 metres wide grading 963.2 grams per tonne silver equivalent, including 0.8 metres grading 3,851 grams per tonne silver equivalent from Hole LC16-05. Other noteworthy results include Hole LC16-08 at 7.2 metres wide grading 492.5 grams per tonne silver equivalent, including 0.7 metres grading 2,980 grams per tonne silver equivalent. Drill holes 5, 8 and 11 intercepted a new continuous vein which appears to be parallel to the nearby Las Chispas Main Vein.
| Hole No. | From (metres) | To(metres) | Drilled Thickness (metres) | Est. True Thickness (metres) | Gold gpt | Silvergpt | Silver Equivalentgpt |
| LC16-05 | 149.0 | 150.0 | 1.0 | 0.9 | 2.10 | 226.0 | 383.5 |
| | 167.0 | 172.0 | 5.0 | 4.6 | 4.56 | 621.5 | 963.2 |
| includes | 171.0 | 172.0 | 1.0 | 0.8 | 18.55 | 2,460.0 | 3,851.3 |
| LC16-06 | 66.0 | 67.0 | 1.0 | 0.7 | 14.90 | 1,815.0 | 2,932.5 |
| LC16-07 | 144.0 | 145.0 | 1.0 | 0.7 | 1.73 | 164.0 | 293.8 |
| LC16-08 | 143.0 | 145.0 | 2.0 | 1.4 | 1.58 | 163.5 | 282.5 |
| | 171.0 | 182.0 | 11.0 | 7.2 | 2.41 | 311.5 | 492.5 |
| includes | 171.0 | 176.0 | 5.0 | 3.3 | 2.25 | 276.3 | 444.8 |
| includes | 181.0 | 182.0 | 1.0 | 0.7 | 14.40 | 1,900.0 | 2,980.0 |
| LC16-11 | 95.0 | 96.0 | 1.0 | 0.9 | 1.32 | 198.0 | 297.0 |
| | 108.0 | 110.0 | 2.0 | 1.6 | 1.30 | 152.6 | 251.8 |
All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC.
Historic information indicates that only three veins of the 14 historically reported veins at Las Chispas had documented production, between 1880 and 1930.
To the company's knowledge, none of the known veins have been drilled prior to the current campaign, which did not intercept any previous underground workings.
N. Eric Fier, President & CEO stated: "The initial Las Chispas drill hole results received to date are impressive. Not only do they indicate bonanza grades of up to 18.55 grams per tonne gold and 2,460 grams per tonne silver or 3,851.3 grams per tonne silver equivalent, but also show mineralized widths up to 7.2 metres in estimated true thickness. These first results have exceeded our expectations and appear to confirm that historic mining completed in the early 1900's has left behind substantial unexplored, unmined and easily accessible high grade mineralization. Until now, we have only been guided by what we could access from the estimated 11.5 kilometres of historic underground workings with approximate mined widths of 1 to 3 metres. Our drilling adjacent to historic workings now suggests that 1 to 3 metres may be the minimum widths of the Las Chispas vein. By combining our recent underground sampling and new drill results for the first of several veins to be explored, we have begun to discover the hidden potential of this district-wide play."
The company is completing its expanded Phase I surface drill program, having drilled 22 core holes totalling approximately 6,300 metres to date.
Investors can expect additional drill results and other news over the next several weeks.
With permitting near completion, the planned 2,000 metre underground drill program should commence in late 3rd quarter or early 4th quarter. It will focus on delineation of a potential bulk sample, infill and expansion drilling, and drilling to depth in preparation for the initial Las Chispas resource estimation.
The company is well funded, with approximately CDN$4.9 million in cash. For more information, please visit the company's website www.SilverCrestMetals.com, contact Fred Cooper, Investor Relations, at 604-694-1730 or 1-866-691-1730, or email info@SilverCrestMetals.com.
About InvestmentPitch Media
InvestmentPitch Media is arguably the largest producer and distributer of video news content, primarily for small and mid-cap companies. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.
CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com