SilverCrest Mines preps for underground mining, adds ounces
SilverCrest Mines Inc. (TSX-V: SVL; OTCQX: STVZF) is a precious metals producer based in Vancouver, BC. The company’s flagship property is the 100% owned Santa Elena gold and silver mine, located 150 km northeast of Hermosillo, near Banamichi in the mining state of Sonora, Mexico. This mine is a high-grade, epithermal deposit with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. The company has also inferred more than 100 million ounces silver equivalent at its La Joya project in Durango. Executive editor Doug Hadfield spoke with SilverCrest’s COO Eric Fier about the rapid progress the company continues to make on both projects.