SilverCrest Metals High-Grade Discovery at Las Chispas
Sonora, Mexico. El Muerto is the Company's first successful attempt at intercepting high-grade precious metals deeper in the Babicanora Area, suggesting potential for a new mineralized horizon in the Babicanora Vein. The current drill program has been focused on expanding high-grade mineralization for known veins and testing targets for possible new precious metal discoveries. Results released today are for 45 holes with 11,350 metres drilled within El Muerto.
SilverCrest continues to intersect high-grade mineralization with the discovery of El Muerto. Best intercepts include:
EM20-37 at 1.5 metres (estimated true width) grading 12.68 grams per tonne gold and 1,723.8 gpt silver, or 2,675 gpt silver equivalent
EM20-35 at 1.0 metres (estimated true width) grading 9.46 gpt Au and 720.0 gpt Ag, or 1,430 gpt AgEq.
El Muerto is estimated to have an average high-grade footprint of 500 metres along strike and is 100 to 200 metres below the current resource in the Babicanora Vein, demonstrating the potential for high-grade mineralization in a new lower horizon.
The weighted average (true width, uncut, undiluted) of these drill results to date is 1.1 metres grading 5.27 gpt Au and 389.2 gpt Ag, or 784 gpt AgEq.
El Muerto will be included in the updated resource that will be issued with the ongoing Feasibility Study.