Tuesday, September 16, 2025

SilverCrest Metals Discovers New Zone At Las Chispas, Hitting 2,675 G/T Silver Equivalent Over 1.5 Metres

SilverCrest Metals (TSX: SIL) this morning announced the discovery of a new zone at its Las Chispas Property in Sonora, Mexico. Referred to as the El Muerto Zone, the new area of mineralization is located in the northwest portion of the Babicanora Vein. Hihglight values from the new zone include 1.5 metres true width of 12.68 g/t gold and 1,723.8 g/t silver, or 2,675 g/t silver equivalent.

The new zone of mineralization is currently estimated to have a strike length of roughly 500 metres, with the mineralization being located below the current resource contained at the Babicanora Vein. Mineralization was hit 100 to 200 metres below this level, with a weighted average to date being 5.27 g/t gold and 389.2 g/t silver, or 784 g/t silver equivalent, from this new zone.

Notably, SilverCrest indicated that while drilling this new zone several intercepts were made in unnamed veins. Further work as a result is scheduled in the region for potential new vein discoveries.

Drill results from the El Muerto Zone
Drill results from the El Muerto Zone

Five drills are currently turning at the Las Chispas project, with two ongoing at the El Muerto Zone, two at the Babi Vista Vein, and the final one at the Amethyst Vein. The company currently intends to conducted drilling with six to eight drill rigs over the next twelve months, which has been already budget for.

Finally, the feasibility study for Las Chispas is said to be progressing, with final release currently anticipated to occur in late December or Early January 2021.

SilverCrest Metals last traded at $11.80 on the TSX.


Information for this briefing was found via Sedar and SilverCrest Metals. The author has no securities or affiliations related to these organizations. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Vizsla Intersects 512.8 G/T Silver Equivalent Over 7.76 Metres

Vizsla Silver Corp. (TSXV: VZLA) announced today the latest results from its drilling program at...

Wednesday, May 19, 2021, 08:38:17 AM

AbraSilver Makes New Discovery After Intersecting 346 g/t Silver Over 87 Metres

A fresh discovery has been made by AbraSilver Resource Corp (TSXV: ABRA) at its flagship...

Wednesday, August 3, 2022, 08:58:11 AM

SilverCrest Reports Construction At Las Chispas Ahead Of Schedule In Q2 Results

SilverCrest Metals Inc. (TSX: SIL) last night announced it’s unaudited financial results for the second...

Thursday, August 12, 2021, 12:46:00 PM

First Majestic Silver Produces 7.3 Million Silver Equivalent Ounces In Q3 2021

First Majestic Silver Corp. (TSX: FR) provided this morning the production results for Q3 2021....

Tuesday, October 12, 2021, 10:42:00 AM

Mexico Lockdown Decreases Worlds Silver Production 23%

Like many other precious metals, the production of silver has now been significantly impacted by...

Thursday, April 2, 2020, 09:45:28 PM