SilverCrest Announces High-Grade Drill Results on Multiple Veins in the Babicanora Area;
2.3m (ETW) Grading 87.05 gpt Au and 6,469.2 gpt Ag, or 14,034 gpt AgEq
3.7m (ETW) Grading 40.42 gpt Au and 6,089.4 gpt Ag, or 9,602 gpt AgEq
VANCOUVER, BC – April 15, 2021 - SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce additional in-fill and expansion drill results from the Babi Vista Vein Splay (“Splay”), Babi Vista Vein (“Babi Vista”), Granaditas 1 Vein, Granaditas 2 Vein, and adjacent hangingwall (“HW”) and footwall (“FW”) veins in the Babicanora Area of its Las Chispas Project (“Las Chispas” or the “Project”) located in Sonora, Mexico (see following Tables and attached Figures).
In-fill and expansion drill results being reported in this news release represent an additional 78 holes, totaling approximately 29,308 metres completed since the latest news release for Babi Vista, Splay and Granaditas veins.
Results are in areas with mineral resources (see Feasibility Studyi announced on February 2, 2021) and in close proximity to planned underground development.
Confirmed southeastern vein continuity and convergence of the Babi Vista, Splay and Granaditas veins. Mineral resources, together with exploration high-grade footprints, can now be traced for an estimated 1.3 kilometres of vein strike length.
The latest 31 drill holes within the high-grade footprint of the Splay have an average estimated true width (“ETW”) of 0.91 metres grading 16.12 grams per tonne (“gpt”) gold (“Au”) and 1,351.5 gpt silver (“Ag”), or 2,752 gpt silver equivalent (“AgEq”, 86.9:1 Au:Ag ratio, see note below tables). This compares to the Splay’s Inferred Mineral Resource that contains 13.9 million AgEq ounces within 211,363 tonnes grading 13.00 gpt Au and 909.4 gpt Ag, or 2,039 gpt AgEq with an ETW of 1.27 metres.
The seven (7) mineralized drill holes in the Granaditas 1 Vein, included in this release, have an average ETW of 1.57 metres grading 19.24 gpt Au and 5,095.1 gpt Ag, or 6,767 gpt AgEq. This compares to the vein’s Inferred Mineral Resource that contains 1.1 million AgEq ounces within 63,157 tonnes grading 3.20 gpt Au and 260.0 gpt Ag, or 538 gpt AgEq with an ETW of 0.61 metres.
Significant drilling results:
Splay - Hole BV21-252 intercepted an ETW of 2.27 metres grading 87.05 gpt Au and 6,469.2 gpt Ag, or 14,034 gpt AgEq;
Granaditas 1 Vein – Hole BV20-221 intercepted an ETW of 3.65 metres grading 40.42 gpt Au and 6,089.4 gpt Ag or 9,602 gpt AgEq; and
Granaditas 1 Vein - Hole GR21-28 intercepted an ETW of 0.40 metres grading 114.00 gpt Au and 78,872.0 gpt Ag, or 88,779 gpt AgEq.
Approximately 90% of the planned 2021 in-fill drilling has been completed for the Splay.
Discovery of two additional “blind” veins in the hangingwall and footwall of Babi Vista and Splay.
Nine (9) drill rigs (6 surface core drills at Las Chispas and 3 at Picacho) are operating as part of the Company’s 2021 exploration and optimization program..."