Extract from today's edition. GLTA


As we get ever closer to the fiscal cliff in the USA, we

are more than a little concerned about the Yanks failing to

get their act together and the mess that could result should

they not get their financial house on track and we are not

one that has any hope that Obama, with no business experience

at all, is the one to pull the politicians together.

Is a lot of cash not the place to hide as D-day approaches?

Should things start falling apart, will gold not

benefit? We think/hope something like a SilverCrest Mines

might benefit.

For sure the Canaccord folks at the Morning Coffee

seem to be believers...they write, “SilverCrest continues to

keep the good news rolling, reporting drill results from the

110-hole program at the Santa Elena project in Mexico,

where three drill rigs are currently operating.

The results include 5 core holes and 16 RVC holes focused

on: 1) Confirming tonnage and grade of the current

open pit reserves, 2) Testing for further mineralization below

the current open pit, 3) Testing for new mineralization

in the NW highwall of the open pit, and 4) Re-categorizing

and expanding the current underground resources.

Highlights from the infill results include Hole SERCP-9V

that intercepted 52 metres grading 2.19 g/t gold and 95.5 g/

t silver. From the underground, highlights include

SERCH12-37 that intercepted 10 metres grading 1.3 g/t

gold and 225 g/t silver, and hole SERCH12-36 that intercepted

12 metres grading 2.7 g/t gold and 187.5 g/t silver.

The results indicate the potential to increase the underground

resources at Santa Elena while open pit reserve

grades are expected to increase in 2013 and 2014. The

company expects to release a revised resource and reserve

update and a PFS for Santa Elena in Q1/13.

Canaccord Genuity Mining Analyst Nicholas Campbell

is bullish on the company noting that SilverCrest is positioned

to generate significant cash flow over the next 12

months as the open pit operation transitions into higher

grade material with a subsequent increase in production in

2014 with the expected completion of the Santa Elena mill.”