- 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
TSX: SIL | NYSE American: SILV
Highlights
- 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.
The Company's current focus at Las Chispas is to in-fill (for resource conversion) and potentially expand the existing mineralized footprints in areas close to planned underground development. Currently, priority drilling is active at the Splay and Granaditas veins which host Inferred Mineral Resources that were not included in the Feasibility Study mine plan. The Feasibility Study outlines planned underground development which terminates within approximately 180 metres of high-grade drilling intercepts in the Splay, making this a priority target area for resource conversion to reserves. The results from the 2021 drill program will provide valuable information when evaluating potential opportunities to optimize the initial years of the proposed Las Chispas production profile. The in-fill drilling program at the Splay is estimated to be completed by the end of Q2 2021.
The following tables summarize all the significant drill intercepts (uncapped, undiluted) for this release:
Babi Vista Vein Splay
Hole ID | From (m) | To (m) | Drilled Intercept (m)
| Approx. True Thickness (m) | Au gpt | Ag gpt | AgEq gpt* |
BV20-227 | 307.05 | 308.20 | 1.15 | 0.92 | 24.75 | 2,003.7 | 4,155 |
Incl. | 307.60 | 308.20 | 0.60 | 0.48 | 35.80 | 3,010.0 | 6,121 |
BV20-229 | 294.00 | 294.50 | 0.50 | 0.40 | 33.70 | 3,320.0 | 6,249 |
BV20-231A§ | 317.00 | 318.00 | 1.00 | 0.80 | 2.78 | 357.0 | 599 |
BV20-234 | 352.55 | 355.55 | 3.00 | 2.40 | 8.94 | 1,011.0 | 1,788 |
Incl. | 355.05 | 355.55 | 0.50 | 0.40 | 47.90 | 5,520.0 | 9,683 |
BV20-235 | 338.85 | 342.60 | 3.75 | 3.00 | 2.36 | 219.6 | 424 |
Incl. | 342.10 | 342.60 | 0.50 | 0.40 | 7.26 | 702.0 | 1,247 |
BV20-237 | 320.50 | 321.15 | 0.65 | 0.52 | 19.45 | 1,465.0 | 3,155 |
BV20-238 | 354.50 | 356.60 | 2.10 | 1.68 | 5.30 | 591.2 | 1,052 |
BV20-240 | 309.93 | 311.40 | 1.47 | 1.18 | 18.10 | 1,330.0 | 2,903 |
BV20-241 | 334.15 | 335.27 | 1.12 | 0.90 | 1.51 | 152.0 | 283 |
BV20-242 | 282.37 | 282.94 | 0.57 | 0.46 | 3.58 | 496.0 | 807 |
BV20-243 | 314.22 | 315.23 | 1.01 | 0.81 | 3.92 | 350.0 | 691 |
BV20-244 | 323.55 | 327.25 | 3.70 | 2.96 | 1.40 | 214.6 | 336 |
BV20-248 | 289.80 | 290.30 | 0.50 | 0.40 | 5.58 | 484.0 | 969 |
BV21-250 | 280.69 | 281.41 | 0.72 | 0.58 | 1.23 | 97.0 | 204 |
BV21-251 | 364.50 | 365.40 | 0.90 | 0.72 | 5.26 | 348.0 | 805 |
BV21-252 | 335.26 | 338.10 | 2.84 | 2.27 | 87.05 | 6,469.2 | 14,034 |
Incl. | 335.80 | 337.10 | 1.30 | 1.04 | 185.65 | 13,958.6 | 30,092 |
BV21-257 | 368.64 | 369.70 | 1.06 | 0.85 | 61.40 | 6,040.0 | 11,376 |
BV21-258 | 329.42 | 330.00 | 0.58 | 0.46 | 0.84 | 103.0 | 176 |
BV21-259 | 393.75 | 394.25 | 0.50 | 0.40 | 17.95 | 1,500.0 | 3,060 |
BV21-261 | 376.46 | 376.96 | 0.50 | 0.40 | 34.50 | 2,140.0 | 5,138 |
BV21-262 | 289.28 | 291.05 | 1.77 | 1.42 | 6.10 | 659.2 | 1,189 |
BV21-264 | 395.50 | 396.00 | 0.50 | 0.40 | 2.57 | 125.0 | 348 |
BV21-266 | 271.10 | 271.80 | 0.70 | 0.56 | 4.15 | 530.0 | 891 |
BV21-267 | 276.40 | 276.90 | 0.50 | 0.40 | 5.01 | 581.0 | 1,016 |
BV21-268 | 345.85 | 346.71 | 0.86 | 0.69 | 3.41 | 236.0 | 532 |
BV21-269 | 392.44 | 392.94 | 0.50 | 0.40 | 15.90 | 1,145.0 | 2,527 |
BV21-270 | 280.85 | 281.40 | 0.55 | 0.44 | 2.94 | 374.0 | 629 |
BV21-274 | 405.75 | 406.25 | 0.50 | 0.40 | 56.90 | 3,850.0 | 8,795 |
BV21-276 | 264.90 | 265.45 | 0.55 | 0.44 | 5.24 | 668.0 | 1,123 |
BV21-284 | 381.14 | 381.75 | 0.61 | 0.49 | 19.85 | 1,970.0 | 3,695 |
BV21-287 | 279.70 | 280.30 | 0.60 | 0.48 | 0.94 | 134.0 | 216 |
Weighted Average | 1.16 | 0.91 | 16.12 | 1,351.5 | 2,752 |
Babi Vista Footwall and Granaditas 1
Hole ID | From (m) | To (m) | Drilled Intercept (m)
| Approx. True Thickness (m) | Au gpt | Ag gpt | AgEq gpt* | Vein |
BV20-221 | 170.50 | 175.06 | 4.56 | 3.65 | 40.42 | 6,089.4 | 9,602 | Granaditas 1 |
Incl. | 171.00 | 171.83 | 0.83 | 0.66 | 80.00 | 6,970.0 | 13,922 | Babi Vista FW |
Incl. | 172.43 | 174.05 | 1.62 | 1.30 | 66.20 | 11,685.0 | 17,438 | Babi Vista FW |
BV20-222 | 106.12 | 108.10 | 1.98 | 1.58 | 2.08 | 216.4 | 398 | Granaditas 1 |
BV20-231A§ | 237.61 | 238.20 | 0.59 | 0.47 | 0.92 | 85.2 | 165 | Babi Vista FW |
BV20-232 | 261.55 | 262.05 | 0.50 | 0.40 | 7.17 | 1,155.0 | 1,778 | Babi Vista FW |
BV20-241 | 256.70 | 257.30 | 0.60 | 0.48 | 1.57 | 185.0 | 321 | Babi Vista FW |
BV20-244 | 252.30 | 252.80 | 0.50 | 0.40 | 5.68 | 838.0 | 1,332 | Babi Vista FW |
BV21-264 | 349.00 | 349.50 | 0.50 | 0.40 | 3.02 | 245.0 | 507 | Babi Vista FW |
BV21-273 | 397.00 | 397.50 | 0.50 | 0.40 | 1.38 | 92.7 | 213 | Babi Vista FW |
BV21-281 | 360.80 | 361.30 | 0.50 | 0.40 | 1.92 | 177.0 | 344 | Babi Vista FW |
GR21-24 | 119.7 | 121.50 | 1.80 | 1.44 | 4.60 | 530.9 | 931 | Granaditas 1 |
Incl. | 121.00 | 121.50 | 0.50 | 0.40 | 13.65 | 1,460.0 | 2,646 | Babi Vista FW |
GR21-25 | 138.00 | 140.15 | 2.15 | 1.72 | 2.61 | 386.0 | 613 | Granaditas 1 |
GR21-26 | 152.47 | 153.19 | 0.72 | 0.58 | 1.13 | 134.0 | 232 | Granaditas 1 |
GR21-27 | 258.80 | 260.80 | 2.00 | 1.60 | 1.82 | 169.3 | 327 | Granaditas 1 |
GR21-28 | 141.72 | 142.22 | 0.50 | 0.40 | 114.00 | 78,872.0 | 88,779 | Granaditas 1 |
Weighted Average | 1.24 | 0.99 | 15.80 | 4,095.9 | 5,469 | |||
Weighted Average w/o GR21-28 | 1.30 | 1.04 | 12.89 | 1,883.6 | 3,004 |
Hole ID | From (m) | To (m) | Drilled Intercept (m)
| Approx. True Thickness (m) | Au gpt | Ag gpt | AgEq gpt* | Vein |
BV20-238 | 305.60 | 306.10 | 0.50 | 0.40 | 6.95 | 868.0 | 1,472 | |
BV20-242 | 234.36 | 234.93 | 0.57 | 0.46 | 3.20 | 381.0 | 659 | |
BV21-256 | 204.92 | 205.48 | 0.56 | 0.45 | 1.28 | 113.0 | 224 | |
BV21-283 | 223.50 | 226.14 | 2.64 | 2.11 | 4.87 | 325.1 | 748 | |
BV21-287 | 331.39 | 331.90 | 0.51 | 0.41 | 2.85 | 282.0 | 530 | |
GR21-26 | 120.50 | 121.04 | 0.54 | 0.43 | 7.15 | 764.0 | 1,385 | Granaditas 2 |
GR21-29 | 141.26 | 141.78 | 0.52 | 0.42 | 4.70 | 559.0 | 967 | Granaditas 2 |
Weighted Average | 0.83 | 0.67 | 4.56 | 414.3 | 810 |
Babi Vista Hangingwall
Hole ID | From (m) | To (m) | Drilled Intercept (m)
| Approx. True Thickness (m) | Au gpt | Ag gpt | AgEq gpt* |
BV20-234 | 376.00 | 376.50 | 0.50 | 0.40 | 5.29 | 570.0 | 1,030 |
BV21-256 | 305.50 | 306.03 | 0.53 | 0.42 | 1.36 | 117.0 | 235 |
BV21-257 | 424.47 | 425.10 | 0.63 | 0.50 | 2.48 | 170.0 | 386 |
BV21-279 | 484.54 | 485.05 | 0.51 | 0.41 | 1.20 | 170.0 | 274 |
Weighted Average | 0.54 | 0.43 | 2.55 | 249.2 | 471 |
Unnamed Veins
Hole ID | From (m) | To (m) | Drilled Intercept (m)
| Approx. True Thickness (m) | Au gpt | Ag gpt | AgEq gpt* |
BV20-244 | 415.00 | 415.50 | 0.50 | 0.40 | 8.21 | 1,340.0 | 2,053 |
BV20-245 | 434.50 | 435.00 | 0.50 | 0.40 | 1.23 | 134.0 | 241 |
BV20-231A§ | 211.80 | 212.30 | 0.50 | 0.40 | 2.68 | 258.0 | 491 |
BV21-261 | 270.53 | 271.05 | 0.52 | 0.42 | 2.54 | 239.0 | 460 |
BV21-277 | 316.25 | 316.77 | 0.52 | 0.42 | 1.23 | 121.0 | 228 |
BV21-284 | 179.06 | 179.70 | 0.64 | 0.51 | 1.94 | 484.0 | 653 |
BV21-289 | 189.90 | 190.76 | 0.86 | 0.69 | 0.78 | 101.0 | 163 |
Note: | all numbers are rounded. |
Cutoff grade of 150 gpt AgEq with a minimum width of 0.5 metres. | |
ETW at 80% of drilled intercept width. | |
* AgEq is based on gold to silver ratio of 86.9:1 calculated using | |
§ "A" denotes a redrill of a hole related to deviation or loss of core. |
All assays were completed by
The drill results in the news release include holes: BV20-223 to BV-20-226,
Results being reported in this news release are up to and including holes BV21-289 and GR21-29 representing an additional 78 holes, totaling approximately 29,308 metres completed since the latest news release for the Babi Vista, Splay and Granaditas veins dated
The Inferred Mineral Resource Estimate for the Splay is based on drilling results of 28 holes (totaling 10,216 metres) up to and including hole BV20-217 and totals 211,363 tonnes grading 13.00 gpt Au and 909.4 gpt Ag, or 2,039 gpt AgEq (totaling 13.9 million AgEq ounces) with an average ETW of 1.27 metres. Results from 31 drillhole intercepts at the Splay included in this release have a weighted average of 0.91 metres ETW grading 16.12 gpt Au and 1,351.5 gpt Ag, or 2,752 AgEq. These results include 16 drillhole intercepts greater than 1,000 gpt AgEq that surround the previous high-grade holes BV20-201 and BV20-203 (see news release dated
In-fill drilling has confirmed the presence of additional high-grade mineralization in the Granaditas veins with hole GR21-28 intercepting 0.40 metres ETW of 114.00 gpt Au and 78,872.0 gpt Ag, or 88,779 gpt AgEq. Intercepts for seven (7) of seventeen (17) in-fill holes reported in this news release for Granaditas have intercepted mineralization with a weighted average intercept of 1.57 metres (ETW), grading 19.24 gpt Au and 5,095.1 gpt Ag, or 6,767 gpt AgEq. When hole GR21-28 is excluded, the weighted average is 1.76 metres (ETW), grading 15.65 gpt Au and 2,302.6 gpt Ag, or 3,663 gpt AgEq. The Granaditas veins currently hosts a combined Inferred Mineral Resource of 1.1 million AgEq ounces with 63,157 tonnes grading 3.20 gpt Au and 260.0 gpt Ag, or 538 gpt AgEq and an ETW of 0.61 metres, based on drilling results up to and including hole GR18-23. While drilling has not substantially expanded the Granaditas Resource footprint (see attached Figures), the intersection of exceptionally high-grade in GR21-28 is important geologically for understanding the Babicanora Area as it suggests that mineralization is not cut-off by the Granaditas Fault, a concept which can be further tested in adjacent veins. As drilling continues in the area, the in-fill drilling program intends to reduce the drill spacing to approximately 30 metres at Granaditas 1 Vein, from approximately 45 metres previously.
Results have confirmed southeastern convergence of the Babi Vista, Babi Vista Splay and Granaditas veins. High-grade precious metal mineralization including Indicated and Inferred Mineral Resources can now be traced along a continuous 1.3 kilometre vein strike length from
Two new veins are reported in this release in the footwall and hangingwall to the Babi Vista and Splay veins. The Unnamed 1 Vein is located less than 50 metres to the west of the Splay, beyond the extent of previous drilling. The Unnamed 2 Vein is located approximately 15 metres to the east of
The Company currently has six (6) surface core drills operating at Las Chispas. These drill rigs are completing additional in-fill and expansion holes for the Babi Vista Vein Splay, Granaditas veins, Babi Vista HW and FW veins, unnamed veins and
The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is
ABOUT
SilverCrest is a Canadian-based precious metals exploration and development company headquartered in
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" and "forward-looking information" (collectively "forward-looking statements") within the meaning of applicable Canadian and
Chief Executive Officer
_______________________ |
i Feasibility Study: Refer to the technical report titled, "Technical Report & Feasibility Study on the |
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