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SilverCrest Mines

Publié le 07 juin 2011

Reports Additional La Joya Drill Results, More High Grade Silver Intercepts - Mineralized Strike Len

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SilverCrest Reports Additional La Joya Drill Results
More High Grade Silver Intercepts - Mineralized Strike Length Doubles

 


VANCOUVER, BC � June 6, 2011 SilverCrest Mines Inc. (the �Company�) is pleased to announce that it has completed a total of 20 core holes for approximately 4,300 metres of a planned Phase I, 25 hole program at its La Joya Property in Mexico. This phase of drilling has confirmed the continuity of the shallow dipping mantos and the mineralized, vertical cross structures and has doubled the strike length of the mineralization to approximately 700 metres. The La Joya Property is located approximately 75 kilometres southeast of the city of Durango, Mexico. The property is located in a prolific mineralized region which currently supports several mining operations including Grupo Mexico�s, San Martin Mine, Industrias Penoles,� Sabinas Mine, Pan American Silver�s, La Colorada Mine and First Majestic Silver�s, La Parrilla Silver Mine. Please reference our website at
www.silvercrestmnes.com for more information, photos and figures on La Joya.
 
The Company announced the results for the first 10 holes in a previous news release dated March 7th, 2011.  The results for the subsequent 10 holes (L J DD11-11 to L J DD11-20) are summarized in the table below.  These holes have been drilled along strike of the main mineralized trend and have partially tested the shallow dipping manto style mineralization and near-vertical mineralized structures. Weighted average assay results and silver equivalents have been calculated for the most significant intervals in the table below. Most intercepts are considered to be near-true thickness and are near-surface. Please see attached
drill plan and cross section for drill hole locations.

 

 

 

 

 

 

 

Hole (Azimuth, Dip)

From (m)

To (m)

Length (m)

Ag (gpt)

Cu (%)

Au (gpt)

Ag (g/t)
equiv. *

L J 11-11 (45, - 50)

11.0

16.0

5.0

30.0

0.17

0.21

53.4

 

34.5

40.0

5.5

183.0

0.68

0.04

239.2

 

52.0

57.0

5.0

52.5

0.14

0.02

64.6

L J11-14 (180, -50)

27.0

33.0

6.0

53.6

0.47

0.13

97.2

 

52.0

54.0

2.0

120.0

0.86

0.27

201.4

 

150.0

168.0

18.0

8.5

0.01

0.63

38.7

L J 11-16 (0, -90)

96.0

106.0

10.0

66.2

0.12

0.36

92.6

L J 11-17 (0, -50)

27.0

62.0

35.0

112.1

1.11

0.22

211.2

includes

45.0

53.0

8.0

304.5

3.50

0.29

598.0

 

104.0

146.0

42.0

40.3

0.46

0.21

86.9

includes

109.0

121.0

12.0

89.6

1.16

0.18

190.8

 

166.0

232.5

66.2

50.7

0.45

0.28

99.8

includes

169.0

175.0

6.0

102.7

0.66

0.25

167.2

includes

214.5

215.35

0.6

1,690.0

19.25

0.30

3,244.0

L J 11-18 (320, -50)

30.0

45.0

15.0

53.0

0.45

0.25

100.7

 

54.0

68.0

14.0

27.2

0.24

0.05

48.7

 

83.0

93.8

10.8

55.4

0.34

0.13

88.7

L J 11-19 (160 -50)

69.0

84.0

15.0

76.2

0.25

0.16

103.7

 

102.0

153.4

51.4

66.1

0.33

0.18

100.9

includes

110.0

135.7

25.7

110.2

0.61

0.13

165.1

includes

122.0

132.7

10.7

205.5

1.11

0.23

305.0

L J 11-20 (180, -50)

15.0

24.0

9.0

186.4

1.69

0.28

334.7

 

41.0

43.0

2

53.3

0.40

0.06

88.1

 

67.0

69.0

2

139.0

0.78

0.21

211.2

 

178.0

221.6

43.6

34.5

0.20

0.31

65.0

 includes

215.7

219.6

3.8

149.0

1.98

0.21

317.2

 *Ag equivalent is based on 100% metallurgical recovery and metals prices of US$30/ozfor Ag; US$3.50/lbfor Cu and US$1400/ozfor Au. To convert to ounces per ton divide grams per tonne by 34.2857.

 
In addition to Ag, Cu and Au, anomalous Pb and Zn grades were intercepted in;
 

         Hole LJDD10-19 from 110.0 to 150.7 (40.7m) grading 0.18% Pb and 0.28% Zn

o    including 128.0 to 129.7 (1.7m) grading 1.59% Pb and 1.4% Zn

         Hole LJDD10-20 from 178.0 to 225.6m (45.6m) grading 0.17% Pb and 0.62% Zn

o    including includes from 178.0 to 182.2 (4.2m) grading 0.82% Pb and 3.77% Zn

 
Sample analyses were completed by Inspectorate Exploration & Mining Services Ltd. in Durango, Mexico, Richmond, BC and ALS Chemex in Zacatecas and North Vancouver with selected samples analyzed at the Company�s on site lab at its Santa Elena Mine with checks at ALS Chemex for quality assurance and control.
 
Preliminary exploration, consisting of surface sampling and geological mapping, completed by the Company shows several near vertical mineralized veins and structures with widths up to 50 metres, cross-cutting numerous, shallow-dipping mineralized manto (skarn) deposits up to 30 metres thick. The mantos appear to be mineralized near the apex of a series northwest-southeast trending anticlines. The main altered and mineralized area appears to be approximately 2 kilometres in strike length, 100 to 200 metres wide and is associated with nearby exposed intrusive. Geochemistry of the system includes Ag-Cu-Au--Mo-W-Sb-As-Pb-Zn with sulfide mineralization consisting of tetrahedrite (Ag), bornite (Cu), and chalcopyrite (Cu). Only minor oxides are present and native silver may also be present. Holes LJ-10-01 to LJ 10 -10 announced in a news release by the Company on March 7, 2011 initially delineated mineralization along 350 metres of strike length. The additional drill holes presented above have doubled this mineralized strike length to approximately 700 metres.
 
All holes reported show at least one significant interval of mineralization except for holes 12, 13 and 15. Holes 12 and 13 are not located with the main mineralized trend defined above. Hole 15 was drilled to a depth of 500 metres to test the possibility of a deep porphyry system. This system was intersected with anomalous copper, gold and molybdenum. A 3D computer-generated geological model that is currently in development confirms of the intercepts to mantos and near vertical structures with  continuity along strike and latterly.
 
The expanded 25 hole drill program (est. 5,000 metres) is expected to test approximately one kilometre of the exposed two kilometre strike length of the mineralized system that includes the mineralized structures and mantos. Phase I program is anticipated to be completed in June 2011. Once final assay results and compilation of data is complete, an initial resource estimate for La Joya will be completed.  Additional field work will continue at La Joya throughout the summer including more geological mapping, surface sampling of extensions of mineralization and ground geophysics. A second phase of drilling is contemplated once Phase 1 data has been compiled and interpreted.
 
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 produce an average of approximately 800,000 ounces of silver and 30,000 ounces of gold per full production year from the open-pit heap leach operation.
 
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)

.

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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
25/02/2014(Santa Elena)Receives US$10 Million Commitment from Sandstorm Gold for Un...
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...
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...
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
09/06/2009(Santa Elena)Announces Agreement With MacQuarie Bank Limited For US12.5 M...
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...
08/04/2013(Santa Elena)Continues to Expand Santa Elena Deposit More High Grade Inte...
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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