Sooooo, da sind ja nu die NEWS !!!
SilverCrest Reports Initial Drill Results at Santa Elena,
Mexico
Wednesday April 12, 4:32 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 12, 2006) -
SilverCrest Mines Inc. (SVL, the "Company") (TSX VENTURE:SVL -
News) is pleased to announce it has received assay results from the
first six drill holes of a completed 19 drill hole program at its
Santa Elena Project located in Northern Mexico. The Santa Elena
Project is located approximately 150 kilometres northeast of
Hermosillo, Sonora, Mexico and is easily accessible with excellent
local infrastructure. The Company has the right to acquire a 100%
interest in the Santa Elena property by making staged option
payments over a period of 5 years.
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The current drill program (see attached figure) is designed to test
the extent of silver and gold mineralization previously identified
by underground workings in an area approximately 800 metres long
and 200 metres deep. The objective of this initial drill program is
to identify a substantial silver and gold resource that is
potentially open-pittable and heap leachable.
Four of the first six core holes show mineralized widths up to
36.13 metres (116.7 feet), which are significantly greater than the
10 metre widths (32.3 feet) previously noted underground. The
silver and gold grades from the drill holes will be compared where
possible with previous underground sampling results. Holes SE06-01,
02 and 03 all intersected underground workings and therefore
represent only a portion of the mineralized zone. All reported
intercepts are considered to be relatively shallow and test
near-surface, potentially open-pittable mineralization. The most
notable near surface intercept drilled to date is in hole SE06-06
which encountered 28.33 metres (91.5 feet) grading 2.58 g/t gold
(0.075 opt) and 82.9 g/t silver (2.41 opt) at a vertical depth of
approximately 25 metres from surface.
The results for the first six core holes at Santa Elena are as
follows;
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Weighted Average Grades
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Drill
Hole
Number From To Interval Interval Au Au Ag Ag
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(Angle) (metres) (metres) (metres) (feet) (g/t) (opt) (g/t)
(opt)
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SE06-01
(-45
degrees) 37.44 43.34 5.90 19.1 0.64 0.018 85.1 2.48
-----------------------------------------------------------------------
SE06-02
(-90
degrees) 81.08 89.53 8.45 27.3 1.00 0.029 73.8 2.15
-----------------------------------------------------------------------
SE06-03
(-45
degrees) 26.88 57.42 30.54 96.6 1.10 0.032 40.5 1.18
-----------------------------------------------------------------------
SE06-04
(-70
degrees) 80.95 117.08 36.13 116.7 0.29 0.008 29.8 0.86
-----------------------------------------------------------------------
SE06-05
(-70
degrees) 114.38 131.94 17.56 56.7 4.33 0.126 151.0 4.40
-----------------------------------------------------------------------
includes 128.09 130.38 2.29 7.4 30.50 0.889 866.0 25.25
-----------------------------------------------------------------------
SE06-06
(-50
degrees) 35.71 64.04 28.33 91.5 2.58 0.075 82.9 2.41
-----------------------------------------------------------------------
includes 37.11 58.65 21.58 69.7 3.21 0.093 85.4 2.49
-----------------------------------------------------------------------
Analysis for all samples was completed by ALS-Chemex in Hermosillo
and North Vancouver, BC. The Qualified Person for this news release
is N. Eric Fier, CPG, P.Eng. and Chief Operating Officer for
SilverCrest Mines Inc.
The drilling to date has confirmed that the silver and gold
mineralization is contained in a broad zone of quartz stockwork
that appears to have an average width of approximately 20 metres
(64.6 feet) and a vertical depth in excess of 200 metres (646
feet).
J. Scott Drever, President stated; "We are certainly encouraged by
the results of these first six holes at Santa Elena. The remaining
13 holes of the program will further define the zone along strike
and to depth and we expect that the results of this drill program,
as well as the available surface and underground sampling, will
provide a basis for the estimation of a NI 43-101 compliant
resource. We will carry out preliminary metallurgical work as soon
as the remaining assays are available and are planning a second
round of drilling once the 15 drill hole program currently underway
at the Company's nearby Cruz de Mayo silver property is
completed."
SilverCrest Mines Inc. is a "pure silver" exploration and
development company with a portfolio of high grade silver deposits
and exploration properties located in El Salvador and Mexico. This
property portfolio, which includes reported indicated and inferred
silver resources and substantial exploration potential, provides an
important base from which SilverCrest can develop its corporate
objective of becoming a significant silver asset based company. The
Company's immediate initiative is to acquire and develop
substantial silver resources and ultimately to operate high grade
silver mines throughout North, Central and South America.
This news release contains forward-looking statements, which
address future events and conditions, which are subject to various
risks and uncertainties. The Company's actual results, programs and
financial position could differ materially from those anticipated
in such forward-looking statements as a result of numerous factors,
some of which may be beyond the Company's control. These factors
include: the availability of funds; the timing and content of work
programs; results of exploration activities and development of
mineral properties, the interpretation of drilling results and
other geological data, the uncertainties of resource and reserve
estimations, receipt and security of mineral property titles;
project cost overruns or unanticipated costs and expenses,
fluctuations in metal prices; currency fluctuations; and general
market and industry conditions.
Forward-looking statements are based on the expectations and
opinions of the Company's management on the date the statements are
made. The assumptions used in the preparation of such statements,
although considered reasonable at the time of preparation, may
prove to be imprecise and, as such, undue reliance should not be
placed on forward-looking statements.
On Behalf of the Board of Directors of SilverCrest Mines Inc.
J. Scott Drever, President
To view the map accompanying this release, please click on the
following link:
http://www.ccnmatthews.com/docs/svl0412.jpg

