SilverCrest’s flagship project is the Santa Elena mine on 3,160 hectares (7,808 acres), located 150 kilometers northeast of Hermosillo, Sonora, Mexico.
By Deborah Bacal
Proactive Investors
SilverCrest Mines says it has reported yet another discovery at its Santa Elena mine in Mexico and more high grade drilling results, sending shares higher Tuesday.
Shares of the silver producer rose 2 cents to $2.52 this morning in Toronto.
The news today follows the discovery last month of a high grade gold and silver zone that lies below the Main Mineralized Zone currently being mined.
So far, 111 holes of a planned 114 holes have been completed to recategorize indicated and inferred resources to probable reserves, and expand current underground resources at the mine.
The company said Tuesday the program continues to be “extremely successful” and several of the most recent holes have found additional bonanza grade intercepts, with now two new zones — El Cholugo and El Cholugo Dos — that lie below the Main Mineralized Zone.