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SilverCrest Mines

Publié le 05 juin 2008

Main Zone Expansion Drilling 11.2 metres (36.73 feet) grading 3.47 gpt Gold - 167.1 gpt Silver

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SilverCrest Main Zone Expansion Drilling

11.2 metres (36.73 feet) grading 3.47 gpt Gold - 167.1 gpt Silver

Santa Elena Project, Mexico

TSX-V: SVL

For Immediate Release

VANCOUVER, B.C. June 5, 2008 - SilverCrest Mines Inc. (the "Company") is pleased to report results for the next series of core holes at its Santa Elena Project located in northern Mexico.

The drill program is currently drilling hole SE08-92. The nine core holes reported below (see attached drill plan for hole locations) are part of the current program to expand the reported NI 43-101 Indicated and Inferred resources (see news release dated January 15, 2008) for the project. The most notable intercepts of this series of holes were encountered in hole SE08-80 which intercepted 11.2 metres (36.73 feet) grading 3.47 gpt gold and 167.1 gpt silver and hole SE08-79 with 15.9 metres (52.15 feet) grading 1.63 gpt gold and 161.0 gpt silver. The detailed results are shown below.

*Conversions are based on a ratio of 1:50 Au:Ag and assume 100% metal recovery. All numbers are rounded.

Hole SE08-81 and SE08-82 are located in the eastern extension on the Main Zone and represent high level epithermal mineralization in stockwork veining with narrowing higher grade mineralization near the surface. The stockwork zone is approximately 30 metres wide and anomalous in Au, Ag, Ba, and Sb which are generally indicative of the upper portions of an epithermal system. The downward extension of these intercepts is noted in hole SE08-80 which encountered 11.2 metres of 3.47 gpt Au and 167.1 gpt Ag. Hole SE08-83 was lost due to down hole problems and will be re-drilled.

Overall, the results for the expansion drilling continue to show strong, continuous mineralization over significant widths (11 to 16 metres) as drilling moves east and to depth. Average width of the Main Zone in the eastern area is approximately 15 metres which is consistent with the rest of the deposit. Silver grades continue to increase to the east and to depth. The Main Zone still remains open to the east and to depth and will be further tested with the remaining holes of the Phase II drill program.  A new resource estimate is underway with results expected in the second quarter of 2008.

Holes SE08-76, SE08-77 and SE08-78 are considered "wild cat" holes and are outside the area of the current resources of the Main Zone. These holes were completed in the Ara�a Target area with results showing broad anomalous barium and antimony with only trace gold and silver. The Company believes that the alteration and mineralization in this area is high level epithermal in nature and therefore above the zone of gold and silver mineralization.

Previously unreported hole number SE08-69 showed an intercept of  2.2 metres in the Main Zone at a depth of 415.8 to 418.0 metres grading 1.4% zinc and 34 gpt silver. This intercept suggests that the Main Zone in this area is exhibiting typical epithermal zonation characteristics with increasing base metals and decreasing gold and silver values to depth.

The Company's current NI 43-101 compliant resource is based on 40 drill holes and the on-going drill program is currently drilling hole SE08-92.  Including the holes reported above, the Company has provided results for 84 holes. Detailed results for the drilling, surface and underground sampling related to the resource calculation can be found in numerous press releases filed on SEDAR (sedar.com) or on the Company's web site (www.silvercrestmines.com).

The most recent resource estimate for Santa Elena is shown in the table below:

Santa Elena Silver and Gold Resources

1 Conforms to NI 43-101, 43101CP and current CIM definitions for resources. All numbers are rounded. Measured resources included in Indicated. 2 Cutoff grade is 30 gpt Ag equivalent (0.5 gpt Au equivalent). 3 Conversion of gold to silver based on 60:1 silver to gold ratio, assumes 100% metal recovery.

All samples were analyzed at ALS-Chemex Labs in Hermosillo, Mexico and North Vancouver, BC, Canada. N. Eric Fier, CPG, P.Eng. and Chief Operating Officer for SilverCrest Mines Inc. and  Qualified Person for this news release has reviewed and approved its contents.

The Santa Elena Project is located approximately 150 kilometres northeast of Hermosillo, Sonora, Mexico and is easily accessible with excellent local infrastructure. The Company has the right to acquire a 100% interest in the property.

SilverCrest Mines Inc. is a "Silver Focused" exploration and development company with a portfolio of high grade silver deposits and exploration properties located in Mexico and El Salvador. This property portfolio, which includes reported indicated and inferred silver resources and substantial exploration potential, provides an important base from which SilverCrest can develop its corporate objective of becoming a significant silver asset based company. The Company's immediate initiative is to acquire and develop substantial silver resources and ultimately to operate high grade silver mines throughout North, Central and South America.

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.

On Behalf of SilverCrest Mines Inc.

"J. Scott Drever"

J. Scott Drever, President

For further information, please contact:

Fred Cooper
1311 Howe Street, Suite 405
Vancouver, BC V6Z 2P3

Telephone:

(604) 691-1730

Fax:

(604) 691-1761

Email:

info@silvercrestmines.com

Website:

www.silvercrestmines.com

Toll Free:

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

The TSX-Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release

SilverCrest Mines Inc. Copyright �2008 | info@silvercrestmines.com


 

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SilverCrest Mines

PRODUCTEUR
CODE : SVL.V
ISIN : CA8283651062
CUSIP : 828365
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SilverCrest Mines est une société de production minière d'argent et d'or basée au Canada.

SilverCrest Mines est en développement de projets d'argent, d'or et de zinc au Salvador, et détient divers projets d'exploration au Mexique.

Son principal projet en production est SANTA ELENA au Mexique, son principal projet en développement est EL ZAPOTE au Salvador et ses principaux projets en exploration sont SILVER ANGEL, CRUZ DE MAYO et LA JOYA DURANGO au Mexique.

SilverCrest Mines est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 287,2 millions CA$ (259,0 millions US$, 188,5 millions €).

La valeur de son action a atteint son plus bas niveau récent le 17 décembre 2002 à 0,08 CA$, et son plus haut niveau récent le 02 mars 2012 à 3,17 CA$.

SilverCrest Mines possède 107 952 000 actions en circulation.

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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
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
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 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
13/06/2013Reports Results of AGM Announces Officer and Director Appoin...
31/01/2013Appoints Vice President, Corporate Development
15/02/2011SilverCrest Appoints of Mr. Brent McFarlane Vice President, ...
Rapports Financiers de SilverCrest Mines
13/08/2015Announces Q2, 2015 Financial Results; Operating Cash Flow of...
14/11/2013Reports Q3, 2013 Financial Results Cash Flow from Operations...
15/08/2013Reports Q2, 2013 Financial Results Cash Flow from Operations...
15/08/2013Reports Q2, 2013 Financial Results
15/05/2013Reports Q1, 2013 Financial Results Cash Flow from Operations...
14/03/2013Announces 2012 Financial Results Cash Flow from Operations o...
14/11/2012Reports Q3, 2012 Financial Results Cash Flow From Operations...
15/08/2012Reports Q2=2C 2012 Financial Results
15/05/2012Reports Q1 2012 Financial Results Cash Flow from Operations ...
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
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14/01/2014Evrim Options Ermita=F1o Property to SilverCrest Mines
24/12/2013Files La Joya Preliminary Economic Assessment Report
21/10/2013Announces Positive La Joya Preliminary Economic Assessment ...
15/10/2013Announces Q3 Record Silver Production 202,736 Ounces Silver-...
05/09/2013(Santa Elena)Reports Additional Drill Results at Santa Elena Mine; Anothe...
25/07/2013(Santa Elena)Announces Santa Elena Expansion Pre-Feasibility Study; Base...
17/07/2013Announces Q2 Record Silver Production 194,022 Ounces Silver ...
29/05/2013(Santa Elena)Announces Updated Santa Elena Reserves and Resources; Silver...
24/04/2013Announces Q1 Production 153,481 Ounces Silver & 7,225 Ounces...
28/03/2013Files La Joya Technical Report Updated Resources & Positive ...
29/01/2013Announces Updated La Joya Resources
16/01/2013Exceeds 2012 Production Market Guidance Announces Q4 Results...
14/01/2013(Santa Elena)Expands Santa Elena Deposit; More High Grade Intercepts 13m ...
07/01/2013(Santa Elena)Discovers Bonanza Grades and New Zone at Santa Elena 15.6m ...
13/11/2012(Santa Elena)Drilling Update for Santa Elena Mine
07/11/2012Pays Out Gold Hedge Facility Gold and Silver Production Now ...
16/10/2012Announces Q3 Production 151,368 Ounces Silver & 7,184 Ounces...
23/07/2012Announces Q2 Production 139=2C850 Ounces Silver & 8=2C584 Ou...
06/07/2012(Santa Elena)=E2??s Santa Elena Mine Expansion Continues on Schedule
19/04/2012Announces Q1 Silver and Gold Production 134=2C528 Silver Ou...
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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 ...
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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...
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
14/08/2009(Santa Elena)to Acquire 100% of the Santa Elena Project
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15/08/2008Receives Environmental Impact Assessment Approval; NI43-10...
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
24/02/2014Graduates to Toronto Stock Exchange Trading Commences Februa...
20/02/2014Announces $20 Million Bought Deal
17/02/2014(Santa Elena)Confirms U/G High Grades at Santa Elena 11.6m @ 5.83 gpt Au ...
14/12/2013Announces Grant of Stock Options
19/11/2013SilverSeek LIVE! Wed. Nov, 20th @ 2PM EST -- David Morgan (S...
21/10/2013Announces Positive La Joya Preliminary Economic Assessment B...
12/07/2013Arranges $40 Million Credit Facility with Scotiabank
27/05/2013Completes Exercise of La Joya West Option
27/05/2013Completes Exercise of La Joya West Option
25/04/2013Announces 2013 Annual Meeting and Adoption of Corporate Gove...
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30/10/2012Closes $34.5 Million Prospectus Offering, Over-Allotment Opt...
05/10/2012Announces Increase in Bought Deal to $30 Million
05/10/2012Announces $26.1 Million Bought Deal
27/09/2012Reports High Grade Surface Sampling and Additional Drill Res...
22/08/2012ANNOUNCES TRADING ON NYSE MKT TO COMMENCE AUGUST 27=2C 2012
17/07/2012Reports 50m @ 151.8 gpt Ag Eq* at La Joya Main Mineralized...
29/06/2012Reports Annual General Meeting Results
07/05/2012Reports 127.4m @ 65.6 gpt Ag Eq* at La Joya Expands Main M...
21/02/2012Files NI43=2D101 Resource Report for La Joya Property
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
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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TSX-V (SVL.V)Other OTC (STVZF)
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