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Mots clés associés :   Silvercrest Mines |

SilverCrest Begins Drilling at Cruz de Mayo

Reports on Santa Elena Norte Drill Results

TSX-V SVL

 

VANCOUVER, BC � September 20, 2011 SilverCrest Mines Inc. (the �Company�) is pleased to announce that it has begun drilling at the 100%-owned Cruz de Mayo Project located near its Santa Elena Mine in Sonora, Mexico. Drilling of approximately 45 core and RVC holes is planned to reclassify and potentially expand current NI43-101 resources. This program will be used to assist with the preparation of an ongoing Pre-Feasibility Study (PFS) for Cruz de Mayo as part of the Santa Elena Expansion Project (see attached map).
 
The Expansion Project contemplates the installation of a conventional milling and processing facility at the nearby Santa Elena mine. The facility will utilize mill feed from the Santa Elena open pit (Phase I), the Santa Elena underground (Phase II), and re-treatment of the material on the heap leach pads to recover residual silver and gold values (Phase IV).  The Cruz de Mayo silver deposit (Phase III) is being considered for development with lower grade mineralization conceptually treated on site as a heap leach operation with the potential to ship high grade mineralization to the nearby Santa Elena proposed processing facility.For details, please refer to the Company�s filings on
www.sedar.comto review of the NI43-101 �Reserve Update for the Santa Elena Open Pit and Preliminary Assessment for the Santa Elena and Cruz de Mayo Expansion Project�.
 
Cruz de Mayo
The Company has previously drilled 47 reverse circulation and core holes on approximately 100 to 150 metre spacing and consistently intersected silver mineralization over a strike length of approximately 1.7 kilometres. These holes have confirmed a near-surface broad silver zone averaging an estimated 20 metres in thickness with grades ranging from 30.0 gpt to 111.0 gpt silver with multiple, narrower higher grade zones ranging from 489.0 gpt to 967.0 gpt silver. Based on the work to date, current resources at Cruz de Mayo are;

 

 

 

 

 

CATEGORY

TONNES

AU GPT

AG GPT

CONTAINED AU OZ

CONTAINED AG OZ

INDICATED*

1,141,000

0.06

64.2

2,300

2,353,400

INFERRED*

6,065,000

0.07

66.5

13,300

12,967,100

* based on a silver cut-off grade of 30 gpt as presented in the 2007 Fier and Stewart Technical Report.

 

 
The results of the current drilling program along with subsequent metallurgical and environmental baseline work will be used to finalize a Pre-Feasibility Study in preparation for a MIA (Environmental Impact Assessment) for permitting and production. 
 
Santa Elena Expansion Project
In addition to the drill program at Cruz de Mayo that is considered part of the Expansion Project, the Company has commenced drilling the first of four geotechnical drill holes at the Santa Elena Mine to help establish the necessary parameters for the proposed decline and underground development. The portal site for the decline has been selected and Requests for Proposals are being prepared for a number of contractors to bid on Phase I underground work which will consist of approximately 1,500 metres of decline and exploration drifting. The decline will be used to access the Main (Mineralized) Zone for further delineation drilling and access the unexplored portions of the Main Zone for the potential expansion of resources. This work will be used to assist with the preparation of an ongoing PFS for the Santa Elena Expansion Project. When completed, the Phase I decline will allow development and initial production from the deposit that lies below the current operating and designed ultimate open pit.
 
Santa Elena Norte
Santa Elena Norte is one of several targets identified in the immediate vicinity of the Santa Elena mine to be drill tested. An initial drill program of 25 holes totalling approximately 2,900 metres has been completed on the Santa Elena Norte deposit which is located approximately 1 km north of current mining operations
(see attached map). A series of shallow holes identified low grade quartz veining up to 22 metres wide measuring approximately 500 metres long by 5 to 20 metres wide by 100 metres in depth. Four deeper drill holes encountered the target but did not intercept significant mineralization. Drilling has not defined the extent of mineralization and the deposit remains open in most directions. The most significant results are stated in the following table.

 

 

 

 

 

 

Hole

From (m)

To (m)

Length (m)

Au (gpt)

 

SEN11-01

17.0

22.0

5.0

0.13

 

SEN11-02

7.7

11.0

3.3

0.98

 

 

21.2

31.35

9.25

0.28

 

SEN11-06

3.3

17.3

14.0

0.27

 

SEN11-07

4.3

23.5

18.4

0.19

 

SEN11-08

11.5

32.5

21.0

0.32

 

SEN11-09

5.5

19.0

13.5

0.35

 

SEN11-11

51.0

59.0

8.0

0.34

 

SEN11-12

26.8

36.2

9.4

0.13

 

SEN11-15

24.2

27.0

2.8

0.16

 

SEN11-17

7.6

9.0

1.4

0.43

 

 

 
SEN 11- 3 to 5, 10, 13, 14, 16, 18 to 25 had no significant values. Silver grades in mineralized intercepts were trace to 18 gpt. Further work at Santa Elena Norte is anticipated to test the extent of the low-grade surface and deeper mineralization.
 
All sample analyses were completed by the Santa Elena onsite laboratory with checks at ALS Chemex in Hermosillo, Mexico and North Vancouver, BC.
 
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.
 
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 US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine.
 
 
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 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.

�J. Scott Drever

J. Scott Drever, President

For further information, please contact:

Fred Cooper
570 Granville Street, Suite 501
Vancouver, BC V6C 3P1

Telephone:

(604) 694-1730

Fax:

(604) 694-1761

Email:

info@silvercrestmines.com

Website:

www.silvercrestmines.com

Toll Free:

1-866-691-1730 (Canada & USA)

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

http://silvercrestmines.us2.list-manage.com/track/open.php?u=0943dabffc157ea0628e628d7&id=9c0cf1afc1&e=d445f83973

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CODE : SVL.V
ISIN : CA8283651062
CUSIP : 828365
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Présentations des Compagnies de SilverCrest Mines
01/06/2010Greg McCoach - Mining Speculator June 2010
01/06/2010Corporate Presentation - June 2010
31/03/2010 Funding In Place, Construction on Schedule for 2010 Product...
01/01/2010Why invest in SilverCrest Mines?
10/06/2009Corporate report June 2009
01/04/2009SilverCrest Mines Update
02/03/2009Updated Resource Estimate for Santa Elena project
16/01/2009Santa Elena grows for SilverCrest
02/06/2008 Less Than A Year Away From Production At Santa Elena
21/04/2008Moving Towards Production at Santa Elena
31/03/2008New Recommendation
22/11/2006Corporate Presentation
Dans les médias de SilverCrest Mines
14/03/2012Scott Drever=2C President of SilverCrest Interview on BNN
07/10/2011SilverCrest Mines Inc. Joins OTCQX
22/09/2008Objective Capital research
25/10/2007Analysis by David and Eric Coffin
17/11/2006Follow up N° 4
Rapports annuels de SilverCrest Mines
2009 Annual Report
2008 annual report
Annual Report 2007
Annual Report 2006
Financements de SilverCrest Mines
20/05/2011Closes $30 Million Bought Deal Financing
28/04/2011Announces CAD$30.0 Million Bought Deal Common Share Financin...
20/03/2008Completes Private Placement; Amends $3.0 Million Macquarie F...
13/03/2008Announces First Closing Of Private Placement
Attributions d'options de SilverCrest Mines
29/03/2008 Engages Marketing Consultant and Grants Stock Options
Nominations de SilverCrest Mines
31/01/2013Appoints Vice President, Corporate Development
04/11/2011(Santa Elena)Appoints V.P. Corporate Development for Mexico and General M...
15/02/2011SilverCrest Appoints of Mr. Brent McFarlane Vice President, ...
Rapports Financiers de SilverCrest Mines
15/08/2012Reports Q2=2C 2012 Financial Results
10/04/2012Announces 2011 Financial Results Cash Flow from Operations o...
29/11/2011Reports $5.1 Million Third Quarter Cash Flow from Operation...
30/08/2011Announces Second Quarter Earnings of $790,000 and Cash Flow ...
02/08/2011Form 40-F Registration Statement Effective
Projets de SilverCrest Mines
13/11/2012(Santa Elena)Drilling Update for Santa Elena Mine
20/03/2012(La Joya Durango)Reports 58m @ 164.7 gpt Ag Eq* at La Joya
16/02/2012(La Joya Durango)Reports Coloradito Target Results at La Joya Property=3B Pot...
23/01/2012(La Joya Durango)s Corporate Resources Silver Equivalent Inferred Resources ...
23/01/2012(Cruz De Mayo)s Corporate Resources Silver Equivalent Inferred Resources ...
23/01/2012(Cruz De Mayo)s Corporate Resources Silver Equivalent Inferred Resources ...
23/01/2012(Santa Elena)s Corporate Resources Silver Equivalent Inferred Resources ...
12/01/2012(Santa Elena)Reports Record Production in Q4 at Santa Elena=3B =E2?=A2 Si...
05/01/2012(La Joya Durango)Announces Initial Resources at La Joya Property=3B +100 mill...
30/11/2011(La Joya Durango)Commences Phase II Drilling at La Joya=3B Phase II Surface S...
17/11/2011(La Joya Durango)Identifies Large Bulk Tonnage Target at La Joya=3B Hole 17 i...
21/10/2011(La Joya Durango)SilverCrest Discovers New Mineralized “Contact Zone” at La J...
14/10/2011(Santa Elena)Reports Increased Santa Elena Production in Q3 Silver Produc...
22/09/2011(Santa Elena)Begins Drilling at Cruz de Mayo, Reports on Santa Elena Nort...
22/09/2011(Cruz De Mayo)Begins Drilling at Cruz de Mayo, Reports on Santa Elena Nort...
10/08/2011(La Joya Durango)Video Tour of La Joya Mine Project, Durango Mexico
13/07/2011(Santa Elena)Declares Commercial Production at Santa Elena Mine; Pours 74...
07/06/2011(La Joya Durango)Reports Additional La Joya Drill Results, More High Grade Si...
26/04/2011(Santa Elena)Files NI 43-101 Technical Report for Santa Elena Reserve Up...
13/04/2011(Santa Elena)Santa Elena Mine Commissioning Phase Update, Silver And Gold...
12/04/2011(Santa Elena)Announces Santa Elena Expansion Plan Net Present Value of US...
13/03/2011(La Joya Durango)Reports La Joya Initial Drill Results; Up to 19.2 Metres of ...
06/01/2011(Santa Elena)Santa Elena Mine Start-Up Phase Update
01/12/2010(La Joya Durango)Acquires New Major Mexico Property
09/09/2010(Santa Elena)Completes First Metals Pour at Santa Elena
14/08/2009(Santa Elena)to Acquire 100% of the Santa Elena Project
09/06/2009(Santa Elena)Announces Agreement With MacQuarie Bank Limited For US12.5 M...
17/04/2009(Santa Elena)Revises Letter of Intent with Sandstorm Resources Ltd. for D...
13/03/2009(Santa Elena)Gold Production Payments and Convertable Loan to Finance Dev...
28/11/2008Completed pre-feasibility study for Santa Elena project
15/08/2008Receives Environmental Impact Assessment Approval; NI43-10...
01/07/2008 HIGH GRADE SILVER DEPOSITS IN EL SALVADOR AND MEXICO
30/06/2008(Santa Elena)Santa Elena prefeasibility study completed
26/06/2008(Santa Elena)Pre-Feasibility Results at Santa Elena, Mexico
05/06/2008(Santa Elena)Main Zone Expansion Drilling 11.2 metres (36.73 feet) gradin...
21/05/2008(Santa Elena) Submits Environmental Impact Assessment; Receives Land Use ...
08/04/2008(Santa Elena)Continues to Expand Main Zone at Santa Elena, Mexico
21/02/2008(Santa Elena)Updates Progress at the Santa Elena Project, Mexico
09/01/2008(Santa Elena)Continues to Intercept High Grade Gold and Silver at the San...
04/01/2008(Santa Elena)Resource Expansion at Santa Elena and Cruz de Mayo
20/12/2007(Santa Elena)Secures Surface Rights for Santa Elena Project, Mexico
29/11/2007(Santa Elena)Intercepts 32.9 Metres of 367 gpt (10.7 Ounces) Silver & Sil...
15/11/2007(Cruz De Mayo)SilverCrest Announces Resource Increase Indicated Resources ...
18/10/2007(Santa Elena)SilverCrest Intercepts 51.4 Metres of 1.53 gpt Gold and 126 ...
26/09/2007(Santa Elena) Continues to Expand Santa Elena Deposit, Northern Mexico
11/09/2007(Santa Elena)Mobilizes Second Drill Rig to Santa Elena Project, Mexico
06/09/2007(Santa Elena)Significantly Expands Mineralization at Santa Elena Project,...
26/07/2007(Cruz De Mayo)Reports Final RC Drill Results and Preliminary Metallurgy at...
05/07/2007(Cruz De Mayo)Reports More Silver at Cruz de Mayo, Mexico
24/05/2007(Cruz De Mayo)Reports New Silver Discovery at Cruz de Mayo, Mexico
10/05/2007(Cruz De Mayo)Updates Progress at the Santa Elena Project, Mexico
Communiqués de Presse de SilverCrest Mines
21/12/2012Reports Additional La Joya High Grade Intercepts 80m of 78.8...
04/12/2012(Santa Elena)s Santa Elena Resource Infill and Expansion Drilling
27/11/2012Reports Additional La Joya High Grade Intercepts 45.0m of 13...
05/10/2012Announces $26.1 Million Bought Deal
27/09/2012Reports High Grade Surface Sampling and Additional Drill Res...
30/01/2012Presenting At the Silverseek Online Forum
09/01/2012Retires Bank Debt Ahead of Schedule
07/10/2011Commences Trading on OTCQX
17/06/2011Announces Appointment of New Director, Reconfirmation of Sha...
31/05/2011Files Form 40-F Registration Statement with SEC
14/01/2011updates Market On US Trading Status
29/07/2010Initial Gold & Silver Production Imminent
06/05/2010& Goldsource Appoint Director of Communications
22/09/2009Analyst Coverage by Jennings Capital
13/07/2009New office
24/06/2009Eric Fier on Newsmakers
17/11/2008At Hard Assets Conference, San Francisco
24/09/2008New Video Tour: Underground Silver Deposits at Santa Elena
13/07/2008Report
10/07/2008Signs Agreement For $3.0 Million Feasibility Finance Facilit...
21/04/2008Initiation Report
01/03/2008Announces US$3.0 Million Feasibility Finance Facility & Prop...
19/09/2007Intercepts 10.1 Metres of 6.53 gpt Gold and 218.7 gpt Silve...
08/03/2007Completes Second Phase Drill Program at Cruz de Mayo, Mexico
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