Canadian Markets open in 1 hr 36 mins

SilverCrest Metals Phase II Drill Results at Las Chispas, Mexico Include 4.8 Metres Grading 598 gpt Silver Equivalent - Video Available on Investmentpitch.com

Newsfile Corp.

Vancouver, British Columbia--(Newsfile Corp. - September 15, 2017) - SilverCrest Metals (TSXV: SIL) (OTCQX: SVCMF) has announced additional Phase II drill results for the Las Chispas Property, which is located in Sonora, Mexico. These additional drill results indicate expansion of high-grade silver-gold mineralization for the Babicanora Vein from previously announced results.

InvestmentPitch.com has produced a "video" which discusses this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter "SilverCrest" in the search box.




Cannot view this video? Visit:
http://www.investmentpitch.com/video/0_4su83jjx/SilverCrest-Metals-TSXVSIL-Additional-Phase-II-drill-results-for-the-Las-Chispas-Property

The company is currently exploring 7 of the 19 known epithermal veins on the property, including the Chispas, Giovanni, William Tell, Varela, La Blanquita, Granaditas, and Babicanora veins.

Additional Phase II drill results are anticipated over the next several months, including potential further expansion of the Babicanora Vein.

N. Eric Fier, CPG, P.Eng., President & CEO stated: "Step out drilling along the strike of the Babicanora Vein has more than tripled our previously announced high-grade footprint. New high-grade drill intercepts confirm strong mineralization extending beyond the historic Babicanora workings. We have been able to trace the Babicanora Vein on surface for over three kilometres, but have drill-tested less than 20% of its known strike length. Based on continued success in the district, we plan to have up to six drills turning this fall, aiming to further expand high-grade mineralization along multiple veins in both the Babicanora and the Las Chispas areas. All of our current efforts are focused o n a maiden resource announcement in early 2018."

The most significant result is an intercept in Hole BA17-07 of 4.8 metres grading 4.63 grams per tonne gold and 250.9 grams per tonne silver, or 598 grams per tonne silver equivalent, based on a ratio of 75 to 1 silver to gold. Also noteworthy is Hole UB17-11 with an intercept of 3.7 metres grading 2.58 grams per tonne gold and 332.6 grams per tonne silver, or 526 grams per tonne silver equivalent, which intercepted the Babicanora Vein approximately 75 metres below historic workings.

This table summarizes the most significant drill intercepts in the Babicanora Vein only.

HOLE No. From
(metres)
To
(metres)
Estimated True Thickness
(metres)
Gold
(gpt)
Silver
(gpt)
Silver
Equivalent

(gpt)
UB17-11 85.1 92.5 3.7 2.58 332.6 526
Including 89.8 91.9 1.1 8.55 761.2 1,402







UB17-12 113.7 121.8 3.6 0.14 266.7 277







BA17-07 207.6 219.6 4.8 4.63 250.9 598
Including 218.2 219.6 0.5 9.95 318.1 1,064







BA17-10 80.5 81.0 0.5 4.78 37.0 396







BA17-12 140.1 142.6 2.2 1.91 138.9 282
Including 140.1 140.9 0.8 3.70 154.0 432







BA17-13 276.5 278.4 1.9 0.29 394.4 416
Including 277.8 278.4 0.6 0.05 866.0 870







BA17-14 134.6 137.2 2.1 2.01 160.5 311
Including 134.6 135.2 0.5 6.61 588.0 1,084

 

All holes that have been drilled but not yet assayed have intercepted quartz veining stockwork and breccia. The nearby parallel Babicanora footwall Vein is becoming more defined. The company also intersected several other unnamed veins near the Babicanora Vein. The revised footprint of the Babicanora Vein is now approximately 500 metres long by 150 to 175 metres high, and is open in several directions.

During early 2018, the company plans to provide a maiden resource estimation for the property.

The shares are trading at $1.44 and with 49.7 million shares outstanding, the company is capitalized at $71.6 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.

About InvestmentPitch Media

Investmentpitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com