공고 • Jan 15
SilverCrest Announces Babicanora Area Final In-fill Drill Results For Feasibility Study Resource Estimation
SilverCrest Metals Inc. announced the remaining in-fill drill results which will be included in the upcoming Feasibility Study for its Las Chispas Property ("Las Chispas" or the "Property") located in Sonora, Mexico. Today's results include in-fill drilling for the Babicanora ("Babi Main"), the Babicanora Footwall ("Babi FW"), the Babicanora Hangingwall ("Babi HW") and Babicanora Sur ("Babi Sur") veins. Drilling for these veins was designed to expand the known mineralized footprints, and to in-fill previously reported drilling used for resource estimation in the Technical Report and Preliminary Economic Assessment for Las Chispas ("PEA") with an effective date of May 15, 2019, and amended on July 19, 2019. These results, along with all assay data received by the Company up to and including the cut-off date of October 16, 2020, will be incorporated into the Mineral Resource Estimate update and Maiden Reserve Estimate as part of the upcoming Feasibility Study.
Highlights include: A total of 235 holes, comprising 65,360 metres and 15,153 assays, have been completed at Babi Main, Babi FW, Babi HW, and Babi Sur veins since the previous drill results were announced;
Of the 235 holes being reported, 133, some with multiple vein intercepts, with composite assays grading greater than 150 grams per tonne ("gpt") silver equivalent ("AgEq");
The best intercepts reported in this news release per vein (uncut, undiluted, est. true width) are:
Babi Main: Hole BA19-304 - 2.4 metres, 38.06 gpt Au and 4,213.8 gpt Ag, or 7,068 gpt AgEq;
Babi FW: Hole BA19-215 - 2.0 metres, 96.53 gpt Au and 2,898.9 gpt Ag, or 10,139 gpt AgEq;
Babi HW: Hole BA19-303 - 0.4 metres 90.57 gpt Au and 75.4 gpt Ag, or 6,868 gpt AgEq; and
Babi Sur: Hole BAS20-156 - 1.8 metres, 72.22 gpt Au and 160.8 gpt Ag, or 5,577 gpt AgEq;
In-fill drilling reduced the average vein intercept spacing from approximately 60 metres used for the PEA resource estimation to an estimated 35 metres for feasibility resource estimation;
Results confirm the general southeast plunging continuity of mineralization related to known geologic controls for each vein (see attached Figures);
Veins are now better defined, with drilling generally expanding footprints with some veins showing less continuous internal mineralization than the previous interpretation in the PEA;
Babi Main Vein mineralized footprint has expanded approximately 700 metres along strike with the inclusion of Southeast extension and El Muerto Zone (refer to News Release dated November 5, 2020). Continuity of Area 51 Zone is similar to the previous footprint for the PEA;
Babi HW Vein mineralized footprint has expanded 100 metres along strike to the northwest with more continuous mineralization;
Babi FW Vein mineralized footprint has expanded 100 metres along strike to the southeast but with less continuous mineralization; and
Babi Sur Vein mineralized footprint (combined with its hangingwall and footwall) is similar to the previous footprint.
The Babi Main Vein remains the largest vein on the Property, with expansion of high-grade mineralization for approximately 2.1 kilometres in strike length and over 200 metres in height; and
Five surface core drills are currently operating at Las Chispas focused on further expansion and in-filling for the Babi Vista Vein, Babi Vista Splay Vein, El Muerto Zone and Amethyst Vein.
Overall, in-fill drilling generally shows that veins are somewhat narrower but higher grade, with some veins having longer strike lengths. Denser drill spacing has better defined high-grade shoots and zones for future exploration work in the district.
All assays were completed by ALS Chemex in Hermosillo, Sonora, Mexico, and North Vancouver, BC, Canada, and Bureau Veritas Inspectorate Ltd. in Hermosillo, Sonora, Mexico.
The drill results in the news release include holes BA19-194 to BA20-391, UBR19-01 to UBR19-06 and UBD19-01 to UBD19-06. Holes BA19-194, 196, 199, 200, 204B-208, 210-214, 217, 221-223, 225, 226, 229, 231-233, 237-240, 244, 248, 249, 252, 255, 256, 258, 260-262, 264, 267, 268, 270, 273, 275, 276, 278-281, 283, 285, 286, 289A-291, 294, 295, 298, 299, 301, 303, 305-307, 309, 312, 315, 318, 319, 321, 323, 326, 331, 335, 339, 340, 342, 345, 348, 350, 351, 355-357, 359, 360, BA20-366, 369-372A, 374, 378-385, 387, 390, 391; UBD19-01, UBD20-02 to 05, 07; UBR19-04 intersected veining but were below the Company's cutoff grade of 150 gpt AgEq.
The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is N. Eric Fier, CPG, P.Eng, and CEO for SilverCrest, who has reviewed and approved its contents.