- 3.0m (ETW) Grading 3,319 gpt AgEq
- 3.6m (ETW) Grading 2,815 gpt AgEq
- 0.4m (ETW) Grading 7,249 gpt AgEq
TSX: SIL | NYSE American:SILV
_________________________ |
1 NI 43-101 Technical Report & Feasibility Study on the |
Highlights:
- Infill Drilling - During the first seven months of 2021, a total of 80,632 metres in 176 drill holes have been completed at Las Chispas. This includes a total of 52,035 metres in 141 infill drill holes in the Babi Vista, Splay, and Granaditas veins with approximately 20% of infill holes intersecting grades greater than 1,000 gpt AgEq (see attached Figures):
- Confirmation of Targeted Areas – The infill program increased estimated drill density to 25 to 35 metres (from 45 to 50 metres) over a strike length of 1.3 kilometres and successfully confirmed the grades and approximate footprint of Inferred Resources reported in the 2021 Feasibility Study.
- Delineation of High-Grade "Shoot 201" - Infill drilling confirmed a multi-kilogram per tonne (AgEq basis) zone now named "Shoot 201" in the Splay, which surrounds the previous high-grade results in hole BV20-201, 203 and 207 (see News Release
November 16, 2020 ). This zone has now been better defined with 11 additional holes that have an average uncapped, undiluted grade of 30.04 gpt Au and 2,429.4 gpt Ag, or 5,040 gpt AgEq, over an estimated true width ("ETW") of 1.4 metres, within a high-grade footprint of approximately 100 metres by 75 metres. Shoot 201, along with the balance of the Splay and Granaditas, are currently not in the reserves or LOM and will be considered for conversion in an updated study in 2022. - Expansion Drilling - 16 expansion holes totalling 8,118 metres were completed in the renamed
Babi Vista FW Zone (multiple veins) and the Babicanora Norte HW Vein (see attached Figures); Babi Vista FW Vein Becomes Babi Vista FW Zone - A total of 18 new intercepts having an ETW of 0.57 metres grading 5.54 gpt Au and 680.2 gpt Ag, or 1,162 gpt AgEq have expanded the Babi Vista FW Vein, which is now renamed theBabi Vista FW Zone to incorporate the presence of several new sub-parallel and semi-continuous veins between the Splay and Babicanora Norte veins.- Babicanora Norte HW Vein – This vein has been expanded by approximately 300 metres along strike (see 2021 Feasibility Study). Ten new intercepts have an ETW of 0.40 metres grading 2.0 gpt Au and 260 gpt Ag, or 434 gpt AgEq.
- H2, 2021 Focus on Infill, Expansion and Exploration – With infill drilling complete on
Babi Vista , Splay, and Granaditas, the Company is working to complete other infill drilling on Babicanora Norte NW while transitioning to expansion and new exploration drilling within the Babicanora Area.
The Company's focus for the infill drill program to date was to target the 15.4 Moz AgEq Inferred Resources in the Babi Vista, Splay and Granaditas veins. At an average grade of greater than 1,500 gpt AgEq (uncapped, undiluted), these ounces have a grade more than 70% higher than the average grade of the 2021 Feasibility Study Mineral Reserve (94.7 Moz AgEq at an average grade of 879 gpt AgEq, capped and diluted). The infill drilling prioritized drilling ounces near existing infrastructure which have the potential to further de-risk and improve the current mine plan.
Infill drilling has shown that high-grade footprints (grading >150 gpt AgEq) for the infilled veins are similar to previous footprints presented in the 2021 Feasibility Study. As mentioned in a news release dated
Infill drilling results show similar to improved grades for the Splay and Granaditas veins relative to the average 2021 Feasibility Study Inferred Resource silver equivalent grades:
- For the Splay, the 2021 Feasibility Study Inferred Resource contains 13.9 Moz AgEq at an average grade (capped, undiluted) of 13.00 gpt Au and 909.4 gpt Ag, or 2,039 gpt AgEq with an ETW of 1.27 metres. Comparatively, infill holes included in this release for this vein average (uncapped, undiluted) 15.38 gpt Au and 1,282.8 gpt Ag, or 2,619 gpt AgEq with ETW of 1.0 metres.
- For Granaditas, the 2021 Feasibility Study Inferred Resource contains 913 koz AgEq at an average grade (capped, undiluted) of 4.11 gpt Au and 295.2 gpt Ag, or 653 gpt AgEq with ETW of 0.56 metres. Comparatively, infill holes reported in this release for this vein average (uncapped, undiluted) 3.77 gpt Au and 466.65 gpt Ag, or 794 gpt AgEq with ETW of 1.10 metres.
A total of 18 new intercepts having an ETW of 0.57 metres grading 5.54 gpt Au and 680.2 gpt Ag, or 1,162 gpt AgEq have expanded the Babicanora Vista FW Vein, which is now renamed to the
- Infill hole BV21-307;
Babi Vista – 2.96 metres grading 17.13 gpt Au and 1,830.4 gpt Ag, or 3,319 gpt AgEq. - Infill hole BV21-308; Splay – 3.55 metres grading 15.83 gpt Au and 1,439.8 gpt Ag, or 2,815 gpt AgEq.
- Expansion hole BAN21-340;
Babi Vista FW Zone – 0.41 metres grading 34.40 gpt Au and 4,260.0 gpt Ag, or 7,249 gpt AgEq.
Drill intercept highlights from the infill program that are reported in this release are tabulated below. All grades are reported as uncapped and undiluted. Note that the same drill hole number may be shown for different veins. This is due to the same hole intercepting multiple veins.
Babi Vista Splay Vein (Infill) | |||||||
Hole ID | From (m) | To (m) | Drilled | Approx. | Au gpt | Ag gpt | AgEq gpt* |
BV20-207** | 315.42 | 315.95 | 0.53 | 0.42 | 10.30 | 1,015.0 | 1,910 |
BV21-295 | 261.48 | 262.00 | 0.52 | 0.42 | 1.80 | 316.0 | 472 |
BV21-296 | 384.46 | 385.24 | 0.78 | 0.62 | 1.00 | 104.0 | 191 |
BV21-299 | 402.37 | 402.90 | 0.53 | 0.42 | 4.08 | 349.0 | 704 |
BV21-308 | 364.92 | 369.36 | 4.44 | 3.55 | 15.83 | 1,439.8 | 2,815 |
Includes | 367.55 | 368.09 | 0.54 | 0.43 | 93.60 | 7,750.0 | 15,884 |
BV21-313 | 401.22 | 401.74 | 0.52 | 0.42 | 162.00 | 11,797.0 | 25,875 |
BV21-315 | 422.90 | 424.00 | 1.10 | 0.88 | 1.31 | 100.0 | 214 |
BV21-317 | 314.45 | 315.05 | 0.60 | 0.48 | 11.80 | 1,390.0 | 2,415 |
BV21-319 | 352.33 | 354.28 | 1.95 | 1.56 | 3.97 | 287.6 | 632 |
BV21-324 | 345.73 | 346.82 | 1.09 | 0.87 | 4.90 | 432.2 | 858 |
Weighted Average | 1.21 | 0.97 | 15.38 | 1,282.8 | 2,619 |
Hole ID | From (m) | To (m) | Drilled | Approx. | Au gpt | Ag gpt | AgEq gpt* |
BV21-300 | 434.20 | 434.88 | 0.68 | 0.54 | 2.16 | 227.0 | 415 |
BV21-307 | 392.45 | 396.15 | 3.70 | 2.96 | 17.13 | 1,830.4 | 3,319 |
Includes | 393.65 | 394.86 | 1.21 | 0.97 | 42.30 | 4,490.0 | 8,166 |
BV21-316 | 419.00 | 420.05 | 1.05 | 0.84 | 6.71 | 8.0 | 591 |
BV21-327 | 383.60 | 384.10 | 0.50 | 0.40 | 7.03 | 609.0 | 1,220 |
BV21-331 | 376.73 | 377.95 | 1.22 | 0.98 | 19.47 | 1,618.0 | 3,310 |
BV21-332 | 340.00 | 340.68 | 0.68 | 0.54 | 1.70 | 129.0 | 277 |
BV21-334 | 406.65 | 407.23 | 0.58 | 0.46 | 6.88 | 546.0 | 1,144 |
BV21-337 | 322.16 | 322.66 | 0.50 | 0.40 | 4.10 | 336.0 | 692 |
BV21-340 | 337.00 | 337.50 | 0.50 | 0.40 | 1.12 | 126.0 | 223 |
BAN21-337 | 199.55 | 200.35 | 0.80 | 0.64 | 2.95 | 338.0 | 594 |
Weighted Average | 1.02 | 0.82 | 10.70 | 991.1 | 1,921 |
Hole ID | From (m) | To (m) | Drilled | Approx. | Au gpt | Ag gpt | AgEq gpt* |
BAN21-335 | 277.00 | 277.56 | 0.56 | 0.45 | 20.70 | 3,740.0 | 5,539 |
BAN21-337 | 359.48 | 360.18 | 0.70 | 0.56 | 0.91 | 87.4 | 166 |
BAN21-337 | 316.73 | 317.87 | 1.14 | 0.91 | 3.08 | 287.0 | 555 |
BAN21-340 | 211.02 | 211.53 | 0.51 | 0.41 | 34.40 | 4,260.0 | 7,249 |
BAN21-340 | 226.50 | 227.00 | 0.50 | 0.40 | 4.12 | 448.0 | 806 |
BAN21-343 | 210.58 | 211.13 | 0.55 | 0.44 | 1.09 | 62.8 | 158 |
BAN21-343 | 281.35 | 283.45 | 2.10 | 1.68 | 4.77 | 432.9 | 847 |
Includes | 281.35 | 281.90 | 0.55 | 0.44 | 15.55 | 1,385.0 | 2,736 |
BAN21-347 | 217.81 | 218.33 | 0.52 | 0.42 | 2.10 | 216.0 | 398 |
BAN21-350 | 237.70 | 238.44 | 0.74 | 0.59 | 2.35 | 206.0 | 410 |
BV21-299 | 328.25 | 328.80 | 0.55 | 0.44 | 2.63 | 97.0 | 326 |
BV21-302 | 334.10 | 334.62 | 0.52 | 0.42 | 3.54 | 315.0 | 623 |
BV21-309 | 346.21 | 347.00 | 0.79 | 0.63 | 0.44 | 112.0 | 150 |
BV21-311 | 280.30 | 280.90 | 0.60 | 0.48 | 3.50 | 465.0 | 769 |
BV21-319 | 263.40 | 263.92 | 0.52 | 0.42 | 8.00 | 1,700.0 | 2,395 |
BV21-325 | 253.07 | 253.77 | 0.70 | 0.56 | 5.81 | 503.0 | 1,008 |
BV21-332 | 226.87 | 227.40 | 0.53 | 0.42 | 1.12 | 161.0 | 258 |
BV21-334 | 349.95 | 350.58 | 0.63 | 0.50 | 8.41 | 792.0 | 1,523 |
BV21-338 | 327.72 | 328.32 | 0.60 | 0.48 | 3.40 | 311.0 | 606 |
Weighted Average | 0.71 | 0.57 | 5.54 | 680.2 | 1,162 |
Babicanora Norte HW Vein (Expansion) | |||||||
Hole ID | From (m) | To (m) | Drilled | Approx. | Au gpt | Ag gpt | AgEq gpt* |
BAN21-334 | 402.80 | 403.30 | 0.50 | 0.40 | 2.43 | 249.0 | 460 |
BAN21-335 | 470.54 | 471.12 | 0.58 | 0.46 | 5.12 | 423.0 | 868 |
BAN21-340 | 381.37 | 381.95 | 0.58 | 0.46 | 2.94 | 641.0 | 896 |
BAN21-347 | 381.95 | 382.42 | 0.47 | 0.38 | 0.13 | 278.0 | 289 |
BAN21-349 | 356.28 | 356.93 | 0.65 | 0.52 | 0.60 | 112.0 | 164 |
BAN21-350 | 373.22 | 373.81 | 0.59 | 0.47 | 3.19 | 321.0 | 598 |
BAN21-351 | 387.25 | 387.75 | 0.50 | 0.40 | 1.09 | 95.0 | 190 |
BAN21-352 | 401.55 | 402.05 | 0.50 | 0.40 | 1.78 | 176.0 | 331 |
BAN21-353 | 401.60 | 402.10 | 0.50 | 0.40 | 0.97 | 90.3 | 175 |
BV21-330 | 446.73 | 447.30 | 0.57 | 0.46 | 1.33 | 174.0 | 290 |
Weighted Average | 0.54 | 0.43 | 2.00 | 260.0 | 434 |
Granaditas (Infill) | |||||||
Hole ID | From (m) | To (m) | Drilled | Approx. | Au gpt | Ag gpt | AgEq gpt* |
BV20-218 | 119.60 | 120.44 | 0.84 | 0.67 | 1.66 | 211.0 | 355 |
BV21-297 | 195.80 | 197.40 | 1.60 | 1.28 | 1.37 | 227.0 | 346 |
BV21-335 | 222.04 | 226.16 | 4.12 | 3.30 | 6.62 | 732.1 | 1,307 |
Includes | 223.75 | 224.45 | 0.70 | 0.56 | 32.10 | 3,280.0 | 6,069 |
GR21-30 | 285.72 | 286.45 | 0.73 | 0.58 | 4.52 | 387.0 | 779 |
GR21-33 | 268.16 | 268.66 | 0.50 | 0.40 | 3.18 | 344.0 | 620 |
GR21-39 | 132.90 | 135.26 | 2.36 | 1.89 | 3.35 | 539.1 | 829 |
Includes | 134.60 | 135.26 | 0.66 | 0.53 | 5.98 | 883.0 | 1,402 |
GR21-44 | 316.70 | 317.70 | 1.00 | 0.80 | 0.58 | 122.0 | 172 |
GR21-49 | 231.89 | 232.48 | 0.59 | 0.47 | 0.77 | 105.0 | 171 |
GR21-51 | 254.00 | 254.70 | 0.70 | 0.56 | 3.22 | 482.0 | 761 |
Weighted Average | 1.38 | 1.10 | 3.77 | 466.6 | 794 |
Unnamed Vein Intercepts (Exploration) | |||||||
Hole ID | From (m) | To (m) | Drilled | Approx. | Au gpt | Ag gpt | AgEq gpt* |
BAN21-334 | 453.40 | 453.90 | 0.50 | 0.40 | 11.70 | 2,230.0 | 3,247 |
BAN21-340 | 243.06 | 243.58 | 0.52 | 0.42 | 1.76 | 263.0 | 416 |
BV21-308 | 357.55 | 358.10 | 0.55 | 0.44 | 2.79 | 351.0 | 593 |
BV21-313 | 467.97 | 468.52 | 0.55 | 0.44 | 2.63 | 207.0 | 436 |
BV21-331 | 124.42 | 124.90 | 0.48 | 0.38 | 1.31 | 169.0 | 283 |
GR21-30 | 192.76 | 193.33 | 0.57 | 0.46 | 1.37 | 139.0 | 258 |
GR21-31 | 247.05 | 247.70 | 0.65 | 0.52 | 13.40 | 26.8 | 1,191 |
GR21-38 | 197.58 | 198.10 | 0.52 | 0.42 | 2.41 | 260.0 | 469 |
GR21-53 | 224.90 | 225.57 | 0.67 | 0.54 | 2.17 | 273.0 | 462 |
GR21-53 | 225.57 | 226.07 | 0.50 | 0.40 | 0.78 | 120.0 | 188 |
Notes: | |
All numbers are rounded. | |
Cut-off grade (COG) of 150 gpt AgEq is applied with a minimum true width of 0.5 metres. | |
The 150 gpt AgEq COG is an exploration threshold and is consistent with the 2021 Feasibility Study. Grades have not yet been subjected to grade capping, dilution and other modifying factors that will be required for estimation of mineral resources and reserves. | |
ETW is an estimated 80% of drilled intercept width, | |
* AgEq is based on the 2021 Feasibility Study Mineral Resource and Reserve gold to silver ratio of 86.9:1 calculated using | |
** The intercept in hole BV20-207 that was reported in the Splay vein in the 2021 Feasibility Study has been reinterpreted as part of the |
All assays were completed by
The drill results also include holes: BV21-290 to BV21-294, BV21-298, BV21-299, BV21-301, BV21-303 to BV21-306, BV21-310, BV21-312, BV21-314, BV21-318, BV21-320 to BV21-323 BV21-326, BV21-328, BV21-329, BV21-333, BV21-336, BV21-339 which intersected veining but were below the Company's cutoff grade of 150 gpt AgEq.
Unnamed vein intercepts, as stated in above table, represent blind (not present at surface) veins that were intersected while drilling between or below
With the planned 2021 infill drilling nearing completion, a total of 11 drills are currently active at Las Chispas in the Babicanora Area including eight (8) surface drills and three (3) underground drills. SilverCrest's 2021 Company-wide exploration program budget is
The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is
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SilverCrest is a Canadian precious metals exploration and development company headquartered in
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