Wednesday, October 8, 2025

Latest

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

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Riverside Resources to Spinout Silver Asset as Capitan Mining with Special Dividend

This month Riverside Resources (TSXV: RRI, OTC:RVSDF) will be spinning out it’s wholly owned silver...

Saturday, August 8, 2020, 08:25:00 AM

Lining Up: A Deep Dive Into The Silver Trade

Strong price action in silver has been most welcome news for a long-standing cult following...

Tuesday, July 28, 2020, 10:13:00 AM

First Majestic Expands Silver Portfolio Amid A Global Supply Deficit

The silver market, long overshadowed by its more illustrious cousin gold, is now capturing attention...
Sunday, October 20, 2024, 08:54:00 AM

Silvercorp Adjusts Takeover Bid for OreCorp in Response to Outside Interference

Vancouver-based mining company Silvercorp Metals Inc. (TSX: SVM) has unveiled a revised takeover bid for...

Wednesday, December 27, 2023, 08:26:00 AM

GoGold Hits 1,320 G/T Silver Equivalent Over 1.5 Metres At Los Ricos North

GoGold Resources Inc. (TSX: GGD) announced today its drill results from the Casados deposit in...

Wednesday, April 21, 2021, 09:00:06 AM