SilverCrest Metals has reported additional drill results from its previously mined Las Chispas property in Sonora, Mexico. The current drill program on the Las Chispas and Giovanni veins is designed to expand high-grade precious metal mineralization by stepping out from historic underground workings along the down plunging mineralized trend toward intact and previously unmined areas. A newly defined high-grade zone named Area 118 now measures 300 m along strike and 125 meters (m) in height across 1.6 m grading 16.54 grams/metric ton gold and 1,837.3 g/mt silver.
SilverCrest currently has 17 core drills operating at Las Chispas, 16 surface and one underground. Twelve rigs are currently completing in-fill and known vein expansion holes in the project’s Babicanora area, and four rigs are working on new vein targets in the Las Chispas area.
Historically, the Las Chispas vein had the largest recorded production in the district, with approximately 40 million ounces (oz) of silver and 200,000 oz to 300,000 oz of gold. Historic grade from various public domain references is estimated at 15 g/mt for gold and 1,700 g/mt for silver.