SilverCrest Appoints of Mr. Brent McFarlane Vice
President, Operations
- SilverCrest Mines Inc. (the "Company")
(TSX-V: SVL) is pleased to announce the appointment of Mr. Brent McFarlane
to the newly created position of Vice President, Operations. Mr. McFarlane
will operate out of Tucson, Arizona, and will report to N. Eric Fier, CPG, P.Eng, Chief Operating Officer of SilverCrest.
Mr. McFarlane
has a BSc. Mining Engineering from the University
of Arizona and has more than 25 years of experience in international mine
development and operations. As a proven mine builder and operator, he
has managed all phases of open pit and underground mining projects and has
been instrumental in leading projects through feasibility, construction,
and into operations. Fluent in Spanish, Mr. McFarlane is particularly
experienced in Latin America and Mexico. Since 2005, he has worked in
various capacities in Mexico, including construction manager at Ocampo for Kappes, Cassiday & Associates and country manager for Minefinders Corporation at the Dolores
Project. Most recently, Mr. McFarlane provided management and
technical consulting support on a continuous basis for New Gold Inc. at
their flagship Cerro de San Pedro Mine, a large open pit heap l each mine.
J. Scott Drever, President of the Company, commented: "We
are delighted that Mr. McFarlane has agreed to join SilverCrest
and bring his considerable expertise to managing the optimization of our
newly constructed Santa Elena open pit, heap leach mine operations in
Mexico. Mr. McFarlane's skill set is expected to be extremely valuable in
the advancement and development of the Company's plan to expand the Santa
Elena annual production profile to in excess of 100,000 ounces gold
equivalent by 2013".
The Company has
also granted incentive stock options to purchase 175,000 common shares of SilverCrest to officers and employees. The options are
exercisable at $1.94 per share. All options have a five year term and vest
as to one-quarter on the date of grant and one-quarter every six months
thereafter.
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 150 kilometres 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 full year of
production from the initial 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 s tatements are based 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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