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SilverCrest Metals (TSXV: SIL) Remaining drill hole results from its Las Chispas Project

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The most significant results came from hole LC16-18, which was 1 metre wide grading 1.55 grams per tonne gold and 706 grams per tonne silver, or 822 grams per tonne silver equivalent.

Additional Information:

Company: SilverCrest Metals
Website: http://www.SilverCrestMetals.com
Stock Symbol: TSXV: SIL
Date Published: Sep 14, 2016
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

SilverCrest Metals (TSXV:SIL) has released the remaining drill hole results from its , in Mexico.

Las Chispas, located in Sonora State, is in a historic silver-gold mining district which presently hosts two nearby precious metal producers.

The most significant results came from hole LC16-18, which was 1 metre wide grading 1.55 grams per tonne gold and 706 grams per tonne silver, or 822 grams per tonne silver equivalent.

Please refer to today’s news release for more details on the holes, all of which intercepted quartz stockwork veinlets, veining and/or breccia.

Management believes drill-intercepted mineralization at Las Chispas vein currently suggests a precious metal zone of at least 300 metres in depth, although further work is required to depth to better understand the precious metal zone below 300 metres in depth.

Dunham Craig, Interim CEO stated: “The remaining drill hole results from the Phase I drill program intercepted the Las Chispas vein which has further demonstrated continuity of high grades and potential mineable thicknesses. Phase II exploration work will continue to define the Las Chispas vein for resource estimation expected in H1 2017. As we continue to systematically explore this district-wide discovery with multiple undrilled epithermal veins, we could potentially have several more discoveries. The Babicanora area (no previous drilling), immediately adjacent to Las Chispas and William Tell veins, is considered the largest target in the district and will be tested in Phase II exploration.”

The first NI 43-101 Technical Report, a non-resource report, is currently being completed and should be available in the fourth quarter of 2016.

Based on the recent success of the Las Chispas Phase I program and subsequent announced discoveries, the company is targeting its first resource estimation to be announced in the first half of 2017

SilverCrest is also planning a 100,000 tonne bulk sampling program, which will be used as the basis for a preliminary economic assessment.

Underground rehabilitation work continues as scheduled with approximately 5 kilometres of the estimated 11.5 kilometres reopened.

Final permitting for the Phase II exploration program is being completed with work anticipated to begin in the 4th quarter.

The company is attending and presenting at the exclusive invitation only Precious Metals Summit in Beaver Creek, Colorado, from September 14th to 16th.

The shares are trading at $3.25 and with 40.9 million shares outstanding, the company is capitalized at $133 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