SilverCrest Updates Santa Elena Resource Infill and Expansion Drilling


Symbol Price Change
SVL.V 2.60 0.00

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec 4, 2012) - SilverCrest Mines Inc. (TSX VENTURE:SVL)(NYSE Amex:SVLC)(NYSE MKT:SVLC)(CW5.F) (the "Company") is pleased to announce results of further drilling at the Santa Elena Mine in Sonora, Mexico. Seventy nine holes of a planned 100 holes have been completed to re-categorize Indicated and Inferred Resources to Probable Reserves and expand current underground Resources (see attached Figures - To date, this drill program has been successful and will assist with resource confirmation and conversion which will be included in the upcoming Pre-Feasibility Study for the Santa Elena Expansion Project.

Assay values in this series of holes range from 0.22 gpt to 4.92 gpt gold and 28.0 to 277.4 gpt silver. Mineralized intervals range from 1.0 metres to 38.9 metres. All mineralized drill intercepts are near true thicknesses. The most significant intercepts are 30.7 metres grading 1.61 gpt Au and 169.6 gpt Ag (Hole SE-12-54) and 16 metres grading 2.15 gpt Au and 166.9 gpt Ag (Hole SERC-12-36). The most significant assay results in this series of holes are shown in the following table;