Globe says SilverCrest maintained at "speculative buy"
SilverCrest produces 579,609 oz Ag in 2012
Mr. J. Scott Drever reports
SILVERCREST EXPANDS SANTA ELENA DEPOSIT; MORE HIGH GRADE INTERCEPTS 13M @ 1.6 GPT AU AND 324.8 GPT AG INCLUDING 1M @ 5.1 AU AND 2,840 GPT AG
SilverCrest Mines Inc. has released results of further drilling at the Santa Elena mine in Sonora, Mexico. Ninety-four holes of a planned 100 holes have been completed to help recategorize indicated and inferred resources to probable reserves and expand current underground resources. This drill program continues to be extremely successful with several recent holes identifying multiple bonanza-grade intercepts and the new El Cholugo high-grade gold and silver zone. All holes included in this program will assist with resource confirmation and reclassification to be included in the upcoming prefeasibility study for the Santa Elena expansion project.
J. Scott Drever, president, stated: "We are extremely encouraged with the high-grade silver intercepts that we are encountering and the fact that four of the high-grade results are just on or well beyond our current resource boundary. Gold values and interval widths are also substantial which bodes well for the addition of resources in our upcoming resource and reserve revisions."