|SilverCrest Metals Inc. - SIL.v is advancing silver exploration in Mexico. The Las Chispas property is located approximately 180 kilometres northeast of Hermosillo, Sonora, Mexico. From 1880 to 1930, several mines on the property had intermittent production.|
The Company was formed following the acquisition of SilverCrest Mines Inc. by First Majestic Silver Corp, in October, 2015.
SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce additional drill hole results from the William Tell Vein within its Las Chispas Project located in Sonora State, Mexico. The Las Chispas Project is in a historic silver-gold mining district which presently hosts two nearby precious metal producers. Historic information indicates that of the fourteen historically reported veins at Las Chispas Project, only three veins, the Las Chispas, William Tell and Babicanora, had documented production, which occurred between 1880 and 1930. SilverCrest’s initial focus is on these three veins. To the Company’s knowledge, these three past-producing veins have not been intercepted by drilling prior to the Company's recently completed initial Phase I drilling campaign.