Company Updates From Management – Mon 2 Mar, 2020

SilverCrest Metals – More Information on the New Area 200 Discovery – The Highest Grades Drilled To Date

The last news release out of SilverCrest Metals (TSX:SIL & NYSE:SILV) outlined a new discovery called Area 200. The drill results were the highest grade results to date at the Las Chispas Project.

Chris Richey, SilverCrest’s President joins me to detail the importance of this recent discovery. We discuss how Area 200 could factor into the upcoming Feasibility Study and overall economics. I also have Chris outline the overall strategy moving forward between continued exploration balanced with de-risking towards production.

If you have any follow up questions for Chris and the team over at SilverCrest please email me at Fleck@kereport.com. Just a note this interview was recorded late in the day on Friday.

Click here to read over the full news release at the SilverCrest website.


Comments:
  1. On March 3, 2020 at 10:14 am,
    Excelsior says:

    Nice Interview guys. I’ve finally got back into (SILV) Silvercrest again this week and figure at this point that they are a safe bet as a takeover target by one of the big boys.

    • On March 3, 2020 at 4:48 pm,
      Excelsior says:

      The economics – initial capex needed, IRR and payback period are ridiculously good:

      Las Chispas PEA* Potential Economics:

      After-tax NPV (5%): US$407M (Using US$16.68/oz Ag & US$1,269/oz Au)
      Initial Capex of US$100.5 M – IRR : 78 % – Payback : 9 months

  2. On March 5, 2020 at 7:20 am,
    Excelsior says:

    (SIL) (SILV) SilverCrest Announces Increased Metallurgical Recoveries for Las Chispas Feasibility Study

    by @newsfile on 5 Mar 2020

    Pierre Beaudoin, COO, noted, “We are pleased that the 95% AgEq precious metal recoveries reported in our comprehensive test work has allowed us to address one of the optimization opportunities outlined in the PEA. This effort has contributed to the further de-risking of the conceptual operational profile of Las Chispas. The metallurgical samples represented over 1.4 tonnes of mineralized material from surface to depth with applied knowledge on geo-metallurgy with respect to low to high grades, structural domains, geochemistry and oxide to sulfide mineralization. With these results and design in-hand, we have initiated the Basic Engineering for the process plant. Details of this metallurgical work and process design will be included in the FS now anticipated in the summer of 2020.”

    http://silvercrestmetals.com/news/index.php?content_id=427