{"id":1201313,"date":"2020-08-12T16:40:09","date_gmt":"2020-08-12T21:40:09","guid":{"rendered":"https:\/\/www.mining.com\/?p=1032527"},"modified":"2020-08-12T16:40:09","modified_gmt":"2020-08-12T21:40:09","slug":"silvercrest-updates-drilling-at-las-chipas-shares-up","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1201313","title":{"rendered":"SilverCrest updates drilling at Las Chipas, shares up"},"content":{"rendered":"

SilverCrest Metals (TSX: SIL, NYSE: SILV) announced<\/a> on Wednesday that completed 97,700 metres of in-fill and expansion drilling at Las Chipas gold-silver project in Sonora Mexico.<\/p>\n

The company re-started exploration<\/a> and development activities at Las Chispas after a temporary suspension from March 30, 2020 to May 23, 2020 in response to covid-19. <\/p>\n

During H1, SilverCrest completed approximately 2.1 kilometres of underground decline and lateral development, and stockpiled an additional estimated 12,000 tonnes of mineralized material for a total stockpile of an estimated 41,000 tonnes at estimated diluted grade of 1,000 gpt silver equivalent (“AgEq” at 75:1, Ag:Au).<\/p>\n

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Midday Wednesday, SilverCrest\u2019s stock was up 3% on the TSX. The company has a C$1.28 billion market capitalization.<\/p>\n<\/blockquote>\n<\/figure>\n

According to the company, Las Chispas construction activities continued with the building of the administration and warehouse facilities, the temporary quarantined covid-19 camp, and the production water pumping stations.<\/p>\n

A Preliminary Economic Assessment (PEA) completed in 2019 indicates an average annual production of 5,384,000 oz Ag and 55,700 oz Au, or 9.6 million oz AgEq. <\/p>\n

At June 30, 2020, the company held C$219.4 million as cash and cash equivalents, compared to C$110.4 million in December 2019. <\/p>\n

Midday Wednesday, SilverCrest\u2019s stock was up 3% on the TSX. The company has a C$1.28 billion market capitalization.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company re-started exploration at project in Mexico in May, after a temporary suspension in response to covid-19.<\/p>\n","protected":false},"author":110,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1201313"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/110"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1201313"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1201313\/revisions"}],"predecessor-version":[{"id":1201317,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1201313\/revisions\/1201317"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1201313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1201313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1201313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}