SilverCrest Completes First Metals Pour at Santa Elena
TSX-V: SVL
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For Immediate Release
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VANCOUVER, BC - Sept. 9, 2010
- SilverCrest Mines Inc. (the
"Company") has successfully completed its first metals pour of
gold and silver dore at its Santa Elena Mine
located in Sonora,
M�xico. Gold and silver production will continue to escalate over the next
4 months, as ore tonnes under leach and recovery rates increase. There are
currently an estimated 100,000 tonnes of ore stacked on the leach pad, with
approximately 60,000 tonnes under leach. SilverCrest
anticipates that the mine will reach design capacity by the end of the
year.
"Our first gold and
silver dore production marks another significant
milestone in the commissioning of the Santa Elena Mine," said Eric Fier, SilverCrest's Chief Operating
Officer. "I would like to congratulate those who have worked
diligently to bring this deposit from acquisition to production in less
than 5 years, a significant achievement in today's mining
environment."
Construction
at Santa Elena Mine concluded on schedule and under the budgeted capital
expenditure of US$20M, including ongoing working capital and contingency. In
advancing the Company's objective to become a mid-tier precious metals
producer, SilverCrest will commence initiatives to significantly expand
production at the Santa Elena Mine.
Updated photos from Santa
Elena Mine are available on the Company's website at http://www.silvercrestmines.com/.
SilverCrest Mines Inc. (TSX-V:
SVL) is a Mexican precious metals producer with headquarters based in Vancouver, BC.
SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which
is located 150km northeast of Hermosillo,
near Banamichi in the State of Sonora,
M�xico. The mine is a high-grade, epithermal gold and silver producer, with
an estimated life of mine cash cost of less than US$375 per ounce of gold
equivalent. SilverCrest anticipates that the 2,500 tonnes per day facility
will produce approximately 35,000 ounces of gold and 600,000 ounces
of silver per year from the open-pit heap leach operation.
The
Qualified Person under National
Instrument (NI 43-101) Standards of Disclosure for Mineral Projects
for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating
Officer for SilverCrest Mines Inc., who has reviewed and approved its
contents.
This news release contains
forward-looking statements, which address future events and conditions,
which are subject to various risks and uncertainties. The Company's actual
results, programs and financial position could differ materially from those
anticipated in such forward-looking statements as a result of numerous
factors, some of which may be beyond the Company's control. These
factors include: the availability of funds; the timing and content of work
programs; results of exploration activities and development of mineral
properties, the interpretation of drilling results and other geological
data, the uncertainties of resource and reserve estimations, receipt and
security of mineral property titles; project cost overruns or unanticipated
costs and expenses, fluctuations in metal prices; currency fluctuations;
and general market and industry conditions. Forward-looking statements are
b ased on the expectations and opinions of the Company's management on the
date the statements are made. The assumptions used in the preparation of
such statements, although considered reasonable at the time of preparation,
may prove to be imprecise and, as such, undue reliance should not be placed
on forward-looking statements.
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