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SilverCrest Metals (TSXV:SIL) Announced additional Phase II drill results for the Las Chispas Property

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Step-out drilling targeting extensions of the Babicanora Vein continues to intersect high-grade mineralization. With the latest results, SilverCrest has drill-tested and intersected high-grade mineralization for an additional 400 metre of strike length at the Babicanora Vein.

Additional Information:

Company: SilverCrest Metals Inc
Website: http://www.SilverCrestMetals.com
Stock Symbol: TSXV: SIL
Date Published: Nov 27, 2017
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

SilverCrest Metals has announced additional Phase II drill results for the Las Chispas Property.

Las Chispas Property is 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 and intersected high-grade mineralization for an additional 400 metre of strike length at the Babicanora Vein.

The high-grade footprint is now a total of 1,000 metres in strike length, with a near-surface mineralized height of 125 to 175 metres.

There are 19 known epithermal veins on the Property, including nine which consist of the Babicanora, Babicanora Footwall, Las Chispas, Giovanni, La Blanquita, William Tell, Varela, Granaditas and Amethyst veins.

SilverCrest has intersected high-grade silver-gold mineralization in each of the nine veins drilled to date.

The most significant result for this release was returned from Hole BA17-43, which intersected 3.2 metres (true thickness) grading 26.95 grams per tonne gold and 1,493.6 grams per tonne silver or 3,515 grams per tonne silver equivalent.

Also noteworthy is Hole BA17-31 at 3.8 metres grading 5.65 grams per tonne gold and 451.5 grams per tonne silver, or 875 grams per tonne silver equivalent, and Hole BA17-33 at 3.1 metres grading 5.08 grams per tonne gold and 570.5 grams per tonne silver, or 951 grams per tonne silver equivalent.

All three holes are step-out holes, which intercepted the Babicanora Vein approximately 300 to 400 metres southeast from the Company’s drill holes previously announced on October 19, 2017.

N. Eric Fier, CPG, P.Eng, President and CEO, stated: “Our continued step-out drilling along the strike of the Babicanora Vein has added another 400 metres to the previously announced high-grade footprint, bringing the total strike length to one kilometre. The Babicanora Vein has clearly developed into the most significant source of high-grade mineralization in the district. We are planning an additional 10 to 15 surface holes at the Babicanora Vein to infill recent results and test for further extensions before mid-January 2018. In addition, we will continue underground drilling at the Las Chispas and Giovanni veins. Drilling to date has intercepted areas of high-grade mineralization in all targeted veins, warranting further drilling to better define continuity and volume. We remain on track to complete our expanded Phase II program by mid-January 2018 in anticipation of releasing a maiden resource estimate for the Las Chispas Property in February 2018.”

The shares are trading at $1.18 and with 51.5 million shares outstanding, the company is capitalized at $60.8 million.

For more information, please visit the company’s website www.SilverCrestMetals.com, contact Fred Cooper, Investor Relations, at 604-694-1730 or 1-866-691-1730, or email info@SilverCrestMetals.com.

I’m Samantha Deutscher for Investmentpitch Media