SilverCrest Reports Additional La Joya High Grade Intercepts 80m of 78.8 gpt Ag, 0.31 gpt Au, 0.5% Cu (137 gpt Ag Eq(i))


Symbol Price Change
SVLC 2.28  

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec 21, 2012) - SilverCrest Mines Inc. (TSX VENTURE:SVL)(NYSE MKT:SVLC)(NYSE Amex:SVLC) (the "Company") is pleased to announce the results of an additional 15 holes (LJ DD12-90 to LJ DD12-104) of the Phase II drill program at its La Joya Property in Durango, Mexico. These are the final results for the Phase II drilling program. Phase II drilling results reported to date have extended the Main Mineralized Trend ("Trend") beyond the area containing the current Inferred Resource of 101.9 million ounces Ag Eq.* (see News releases dated March 20 and May 7, 2012 and attached Figures: Drilling and surface sampling has extended the Trend to approximately 2.5 kilometres with an average width of approximately 700 metres. Please reference our website at for more information, photos and figures on La Joya.

Eight of the 15 holes reported in the tables and text below continued to test the southern extension of the Trend with the remaining 7 holes focused on the delineation of the Coloradito and Santo Nino Targets (Targets). Silver values in this series of core holes along the Trend and Targets range from 1.9 gpt to 176.0 gpt. Silver equivalent based values range from 14.1 gpt to 411.5 gpt Ag Eq.* (0.41 oz/ton to 12.0 oz/ton Ag Eq.). Mineralized intervals range from 7.1 metres to 251.0 metres. True thicknesses of mineralized intercepts can be approximated from cross sections of previously announced drill holes in the respective areas. Intercepts in holes drilled at a 45º angle are at vertical depths considerably less than implied by the core length measurements making many of the intercepts near to surface.