Silk Road Resources Ltd.

Published : October 19th, 2017

SilverCrest Expands Babicanora High-Grade Footprint to 600 metres; New High-Grade Vein Discoveries Highlight District Scale Potential

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Keywords :   G Mexico | Georgia | Gold | Metals | Mexico | Plan | Silver |

SilverCrest Expands Babicanora High-Grade Footprint to 600 metres; New High-Grade Vein Discoveries Highlight District Scale Potential

TSX-V: SIL | OTCQX: SVCMF

VANCOUVER, Oct. 19, 2017 /PRNewswire/ - SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce additional Phase II drill results for the Las Chispas Property (the "Property") located in Sonora, Mexico. Step-out drilling targeting extensions of the Babicanora Vein continues to intersect high-grade mineralization. With the latest results, SilverCrest has drill-tested the Babicanora Vein over a 600 metre strike length (previously 500 metres), with a near-surface mineralized height of 150 to 175 metres. In addition, drilling has intersected high-grades in two veins named Granaditas and Amatista (Amethyst) at the Babicanora area (see attached Figures). With these two new discoveries, SilverCrest has now intersected high-grade silver-gold mineralization on nine of the 19 known epithermal veins on the Property including Babicanora, Babicanora Footwall (FW), Las Chispas, Giovanni (includes La Blanquita extension), William Tell, Varela, Granaditas and Amatista (Amethyst) veins.

View photos
Las Chispas District & Babicanora Plan Map, October 2017 (CNW Group/SilverCrest Metals Inc.)
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Silk Road Resources Ltd.

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Silk Road Res. is a gold exploration company based in Canada.

Silk Road Res. holds various exploration projects in China.

Its main exploration properties are XIAHE - GANSU PARGAS JV, BULAGOU - JIAXIN MINERALS JV and LAERMA in China.

Silk Road Res. is listed in Canada. Its market capitalisation is CA$ 410.2 millions as of today (US$ 308.3 millions, € 278.3 millions).

Its stock quote reached its lowest recent point on December 05, 2008 at CA$ 0.04, and its highest recent level on August 28, 2019 at CA$ 8.70.

Silk Road Res. has 48 150 000 shares outstanding.

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