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Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Reports Q1, 2013 Financial Results Cash Flow from Operations of $8.8 Million ($0.08 Per Share) Net Earnings $6.0 Million ($0.06 Per Share)

2013-05-15T08:00:00.002-07:00

VANCOUVER, BRITISH COLUMBIA - May 15, 2013 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) (CW5.F) ("SilverCrest" or the "Company") is pleased to announce its financial results for the first quarter ended March 31, 2013. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in U.S. dollars unless otherwise specified. The information in this news release should be read in conjunction with the Company's unaudited condensed consolidated interim financial statements for the three months ended March 31, 2013 and associated management discussion and analysis ("MD&A") which are available from the Company's website at www.silvercrestmines.com and under the Company's profile on SEDAR at www.sedar.com.

J. Scott Drever, President stated; "We are pleased with the steady start to 2013, for which operating costs and production were consistent with budget and mine plan, however, our financial performance in comparison to the extraordinary stellar first quarter of 2012, was impacted by lower metal prices and our decision to accelerate waste removal resulting in less ore processed and ultimately fewer ounces of gold sold compared to the first quarter 2012. Our operating team continues to tightly control operating costs, which resulted in the average cash operating cost of ($7.69) per ounce during the first quarter which was less than the corporate guidance of $8.50 per silver equivalent ounce. We are comfortable that, as the strip ratio declines during the second half of 2013 and the ore grades in the pit continue to increase, we will meet our corporate market guidance of 625,000 ounces of silver and 33,000 ounces of gold for 2013."
FINANCIAL HIGHLIGHTS OF Q1, 2013, Compared to Q1, 2012:

Cash flow from operations (1) decreased 28% to $8.8 million ($0.08 per share).
Cash operating cost per silver equivalent ounce sold (2) increased 10% to $7.69, but below market guidance of $8.50.
Revenues reported - IFRS (3) decreased 22% to $15.3 million.
Metal sales of 157,088 ounces of silver were up 12% and 7,370 ounces of gold were down 25%.
Bullion inventory at March 31, 2013, included 43,278 ounces of silver and 2,106 ounces of gold.
Realized spot metal prices were down for ounces sold - silver price fell 12% and gold price fell 5%.
Net earnings were similar at $6.0 million ($0.06 per share), compared to $6.1 million ($0.07 per share).
Cash, cash equivalents and short term investments were $41.1 million - Working capital was $48.9 million (at March 31, 2013).

Comparison of the three months ended March 31, 2013 to March 31, 2012
Net earnings were $6,002,276 ($0.06 per share basic) for the first quarter, consistent with $6,070,520 ($0.07 per share basic) in the first quarter of 2012.
Silver and gold revenues totalled $15,329,642 (2012 - $19,599,570) in the first quarter. Silver and gold revenues on a cash basis decreased by 17% to $14,776,451 (2012 - $17,776,691), primarily from a reduction in the number of gold ounces sold and lower realized spot prices.
Silver sales for the quarter were 157,088 ounces (2012 - 139,771), or 12% higher than the same period in 2012, but the average realized price was 12% lower at $30 (2012 - $34) per ounce. Total gold sales were 7,370 ounces (2012 - 9,788) or 25% below 2012. The Company sold 5,896 spot gold ounces (2012 - 6,471) at lower market spot realized prices of $1,626 (2012 - $1,720) per ounce. The Company delivered 1,474 gold ounces (2012 - 1,958) to Sandstorm at $350 per ounce.
Cost of sales amounted to $4,368,519 (2012 - $4,491,131). The cash cost per silver equivalent ounce sold amounted to $7.69, Au:Ag 55.8:1 (2012 - $7.00, Au:Ag 51.2:1). Corporate market guidance estimate for 2013 continues at $8.50 per silver equivalent ounce, (Au:Ag 55:1). The increase in cash cost per silver equivalent ounce sold was driven by higher operating costs during the second half of 2012 and lower gold sales, which corresponded to an increase in the average silver equivalent ounce value loaded on the leach pad and recorded in cost of sales. The overall cash cost per silver equivalent ounce increased, despite a decrease of approximately $0.50 per silver equivalent ounce from a lower silver to gold price ratio during the first quarter compared with the same quarter in 2012.
General and administrative expenses increased by 14% to $1,340,926 (2012 - $1,172,197) primarily due to an increase in regulatory expense and remuneration, resulting from the addition of new Corporate personnel and increased compensation for management.

(1) Cash flow from operations before changes in working capital items. This is a Non-IFRS performance measure.
(2) Silver equivalent ounces consist of the number of ounces of silver sold plus the number of ounces of gold sold multiplied by the ratio of the spot gold price to the spot silver price at the quarter end dates (Q1 2013; 55.8:1, Q1 2012; 51.2:1).
(3) IFRS 18 - Revenue should be recorded at its fair value, which for gold and silver is the market spot price on the date revenue is recognized.
(4) The MBL Hedging Facility was fully repaid in fiscal 2012, so this non-cash adjustment has now been eliminated.

NON-IFRS PERFORMANCE MEASURES
The discussion of financial results in this press release includes reference to cash operating cost per silver equivalent ounce sold which is a non-IFRS performance measure. The Company presents this measure to provide additional information regarding the Company's financial results and performance. Please refer to the Company's MD&A for the three months ended March 31, 2013, for a reconciliation of this measure to reported IFRS results.
OUTLOOK FOR 2013
SilverCrest's immediate focus is to continue to efficiently operate its flagship Santa Elena low cost open pit silver and gold mine, complete the construction of a new 3,000 tonne-per-day mill facility on schedule and on budget, and complete an update of the Santa Elena Resources, Reserves and Life of Mine Plan ("LOMP"). The Company will also advance the delineation of the large silver, copper, gold deposit at the La Joya Property by completing a PEA and further definition drilling of additional resources at La Joya and other exploration targets in its vicinity.
Santa Elena Open Pit Production Targets

Meet estimated 2013 production of 625,000 ounces of silver and 33,000 ounces of gold (2.4 million ounces of silver equivalent, Ag:Au 55:1) (Q1 2013; 153,481 silver ounces and 7,225 gold ounces or 556,671 ounces of silver equivalent, Ag:Au 55.8:1).
Achieve estimated 2013 direct operating costs of $20.7 million (Q1 2013; $5.4million).
Maintain estimated cash operating cost of $8.50 per ounce silver equivalent sold (Ag:Au 55:1). (Q1 2013; $7.69 per ounce silver equivalent).
Limit estimated operational sustaining capital expenditure to $1.0 million. (Q1 2013; approx $0.4 million incurred).

Santa Elena Expansion Targets

Complete construction of new conventional 3,000 tpd CCD processing facility on schedule and on budget - Capital assigned for 2013 is $53.2 million. (Q1 2013; approx $25.5 million committed and $10.7m incurred).
Complete underground decline development of main ramp to 1,500 metres to enable physical access to ore underground for direct mill feed in 2014 - Capital assigned for 2013 is $7.8 million. (Q1 2013; approx $0.8m incurred).
Complete Pre-Feasibility Study on Expansion Plan (mill, underground and re-processing leach pad material), including Resources, Reserve and LOMP revisions.
Complete surface drilling of approximately 15,000 metres to expand additional resources and reclassify to reserves - Capital assigned for 2013 is $3.2 million. (Completed: Q1 2013; approx 20,850 metres and $3.0 million incurred, additional drilling of approx 7,000 metres was completed based on success of further discoveries).
Systematic and aggressive review of new targets near Santa Elena for acquisition and exploration. Subsequent to March 31, 2013 a new property ("San Juan") was acquired (100%) at minimal cost that is approximately 45 kilometres from the Santa Elena Mine. The San Juan Mine was a past producer with reported silver grades over 1 kilogram per tonne. This property is being evaluated for initial drilling in 2013. Mapping and surface sampling results to date show a mineralized system over 3 kilometres along strike with multiple near surface silver-gold targets. Capital assigned for 2013 is minimal and is covered under a general Mexico reconnaissance budget of $1.0 million.

La Joya Project Targets

File Updated Resource Estimate NI43-101 Technical Report in Q1 2013 with initial positive metallurgical results. (Completed).
Complete and File a PEA NI43-101 Technical Report evaluating the high grade portion of the deposit as a potential "Starter" Pit. (Commenced).
Complete Phase III drilling program revised to approximately 40 core and reverse circulation drill holes for in-fill and expansion of current resources. (Capital assigned for 2013 revised to $3 million).
Complete final staged payments of approximately $4.0 million under the La Joya agreements to acquire 100% of the 10 mineral concessions under option. The final payments can be made by a combination of cash and shares.
Continue to Explore the Coloradito, La Esperanza and Santo Nino targets, which are adjacent to the Main Mineralized Trend.
Explore geophysical targets, La Paloma and El Pino within the current land position.

The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
SilverCrest Mines Inc. (TSX-V: SVL; NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, 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. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Published at Investorideas.com Newswire
Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Announces 2013 Annual Meeting and Adoption of Corporate Governance Measures

2013-04-25T09:23:00.000-07:00

VANCOUVER, BRITISH COLUMBIA - April 25, 2013 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) (CW5.F) ("SilverCrest" or the "Company") announces it will hold its annual general meeting of shareholders at 10:00am PDT on June 11, 2013 at the Metropolitan Hotel Vancouver, 645 Howe Street, in Vancouver, BC. May 6, 2013 has been fixed as the record date for determining shareholders entitled to vote at the meeting.

SilverCrest also announces the approval by its Board of Directors of an advance notice policy. This requires advance notice to the Company where nominations of persons for election to the Board of Directors are made by shareholders other than pursuant to the requisition of a meeting or a shareholder proposal. The purpose of the policy is to provide shareholders, directors and management of SilverCrest with a clear framework for nominating directors of the Company. This will ensure that all shareholders receive adequate notice of the director nominations and sufficient information regarding all director nominees, facilitate an orderly and efficient shareholders' meeting and allow shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation.
The advance notice policy fixes a deadline by which holders of record of common shares of the Company must submit director nominations in writing to the Company prior to any annual or special meeting of shareholders at which directors are proposed for election, and sets forth the information that a shareholder must include in the notice to the Company. No person will be eligible for election as a director of SilverCrest unless nominated in accordance with the advance notice policy.
Notice to the Company must be provided not less than 30 days and not more than 65 days prior to the date of an annual general meeting provided, however, in the event the annual general meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be provided not later than the close of business on the 10th day following such public announcement.
In the case of a special meeting of shareholders which is not also an annual meeting, notice to the Company must be made not later than the close of business on the 15th day following the date on which the first public announcement of the date of the special meeting was made.
For the upcoming annual meeting of shareholders, any notice delivered to the Company prior to the close of business on May 10, 2013 shall be deemed to have been timely delivered.
The advance notice policy is effective immediately and will be placed before shareholders for approval at the annual meeting on June 11, 2013. The full text of the policy is available under the Company's profile at www.sedar.com and on the Company's website. The advance notice policy will remain in effect unless amended or rejected by shareholders at the meeting.
The Board of Directors has also adopted a majority voting policy for the election of directors in uncontested elections. Under this policy, if a nominee does not receive the affirmative vote of at least the majority of votes cast, the Director shall promptly tender a resignation for consideration by the Corporate Governance and Nominating Committee and the Board. The Corporate Governance and Nominating Committee shall consider the resignation and recommend to the Board the action to be taken with respect to such offered resignation, which may include: accepting the resignation, maintaining the Director but addressing what the Corporate Governance and Nominating Committee believes to be the underlying cause of the withheld votes, resolving that the Director will not be re-nominated in the future for election, or rejecting the resignation and explaining the basis for such determination. The Corporate Governance and Nominating Committee in making its recommendation, and the Board in making its decision, may consider any factors or other information that they consider appropriate and relevant.
SilverCrest Mines Inc. (TSX-V: SVL; NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, 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. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Published at Investorideas.com Newswire
Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Announces Q1 Production 153,481 Ounces Silver & 7,225 Ounces Gold

2013-04-24T08:24:00.002-07:00

VANCOUVER, BRITISH COLUMBIA - April 24, 2013 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) (CW5.F) ("SilverCrest" or the "Company") is pleased to announce production figures for the first quarter of 2013 from its 100% owned Santa Elena Mine located in Sonora, Mexico.

Production Highlights of Q1, 2013 vs Q4, 2012;

Silver production of 153,481 ounces was consistent with 153,863 ounces in Q4.
Gold production decreased by 8% to 7,225 ounces.
Ore Tonnes crushed decreased 18% to 252,830 tonnes due to focus on removing more waste tonnes.
Waste to ore ratio increased to 4.27 from 3.07 due to planned increased waste stripping.
Crusher throughput averaged 2,809 tonnes per day compared to 3,355 tonnes per day in Q4, 2012.
Stacking conveyors replaced truck haulage of crushed ore with cost savings in Q1.
Grades for ore loaded on the pads increased 4% and 9% for silver and gold respectively.

During Q1, 2013 the Company elected to accelerate waste removal (+19%) in advance of the hotter summer months when equipment availability and efficiencies have historically declined. The accelerated waste removal resulted in less ore processed (-18%) and silver equivalent ounces produced (-5%) during the first quarter. This sets the stage for a significant reduction in strip ratios and more ore tonnes processed with higher metal production in the second half of 2013. The Company maintains its corporate market guidance of 625,000 ounces of silver and 33,000 ounces of gold for 2013.
J. Scott Drever, President stated: "Our decision to accelerate waste removal is consistent with our overall mine plan for 2013 operations. We are comfortable that as the ultimate strip ratio declines and the ore grades in the pit continue to increase we will meet our production and cost projections for the year. We expect the positive results of improvements in these two metrics to become apparent in the second half of 2013."
Q1 2013 Santa Elena Expansion Plan Update:

As of March 31, 2013, approximately 40% of the budgeted 2013 capital cost of US$65M has been spent or committed.
The Plan is currently on budget with scheduled mill start up in January 2014.
On-site construction of the 3,000 tonne per day mill is well underway with earthworks complete, concrete for foundations being poured and CCD tank and thickener construction commenced.
All major equipment has been ordered with committed delivery dates and the majority of the construction contracts are in place with contractors working on site.
Drilling to better define and expand resources and reserves is completed with revised numbers expected in May 2013.

First Quarter Financial Results Release:
The Company plans to issue its first quarter financial results on Wednesday, May 15, 2013.
The Qualified Person under NI 43-101 for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
SilverCrest Mines Inc. (TSX-V: SVL; NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, 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. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Published at Investorideas.com Newswire
Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Mining Stock Investor Alert for SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC)

2013-04-19T08:53:00.000-07:00

April 19, 2013 (Investorideas.com Mining Stocks Newswire) Investorideas.com, a leader in sector research for independent investors issues a trading alert for SilverCrest Mines Inc. ( TSX.V: SVL ) ( NYSE MKT: SVLC ) (CW5.F). The stock traded as high as $2.17 in earlier trading on the TSX, now at $2.11, up 0.04 (1.93%) 10:17AM EDT on over 96,000 shares.

The stock had pulled back below $2.00 this week, trading in the $1.80 range, followed by gains yesterday that moved it back over the $2.00 mark. Last Thursday the stock broke through its 200 day moving average of $2.43, a bullish indicator for investors and traders.
Analyst think there is still a lot of upside on the stock. On April 4th Investment Pitch issued the following - “Following the filing of a NI 43-101 compliant Technical Report for the La Joya resource update, which included results from preliminary metallurgical work, analyst Nicholas Campbell reiterated his buy recommendation, maintaining his $4.50 target price, a 91% premium to the $2.35 price the day the report was issued."
On April 8 th the company announced results of further delineation drilling at the Santa Elena Mine in Sonora, Mexico. Since mid 2012, 132 drill holes have been completed to further expand underground resources and reserves.
This drill program continues to be extremely successful with the most recent holes identifying additional bonanza grades (as defined below) and providing further intercepts in the El Cholugo Zone. To date, resources at Santa Elena have been delineated along a strike length of over 1,200 metres and to a depth of 600 metres. The results of all holes included in this news release will be part of the ongoing resource expansion and reclassification to be included in the Pre-Feasibility Study for the Santa Elena Expansion Project which is nearing completion.
Full news: http://www.investorideas.com/CO/SVL/news/2013/04081.asp
SilverCrest Mines Inc. (TSX VENTURE: SVL) (NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal gold and silver producer, 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 open pit heap leach facility at the Santa Elena mine should recover approximately 625,000 ounces of silver and 33,000 ounces of gold in 2013. An expansion plan is well underway to double the annual metals production at the Santa Elena Mine (open pit and underground). Exploration programs have rapidly advanced the definition of a large polymetallic deposit at the La Joya property in Durango State with stated resources nearing 200 million ounces of Ag equivalent. www.silvercrestmines.com
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Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700)
Note: all content in this Q&A is based on recently reported results from the company.
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Contact SilverCrest Mines: Fred Cooper
Telephone: (604) 694-1730 ext. 108
Fax: (604) 694-1761
Toll Free: 1-866-691-1730
Email: info@silvercrestmines.com
Website: www.silvercrestmines.com
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Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Continues to Expand Santa Elena Deposit More High Grade Intercepts

2013-04-08T08:24:00.002-07:00

VANCOUVER, BRITISH COLUMBIA - April 8, 2013 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) (CW5.F) ("SilverCrest" or the "Company") is pleased to announce results of further delineation drilling at the Santa Elena Mine in Sonora, Mexico. Since mid 2012, 132 drill holes have been completed to further expand underground resources and reserves (see attached Figure - http://media3.marketwire.com/ docs/ svl408-LS.pdf). This drill program continues to be extremely successful with the most recent holes identifying additional bonanza grades (as defined below) and providing further intercepts in the El Cholugo Zone. To date, resources at Santa Elena have been delineated along a strike length of over 1,200 metres and to a depth of 600 metres. The results of all holes included in this news release will be part of the ongoing resource expansion and reclassification to be included in the Pre-Feasibility Study for the Santa Elena Expansion Project which is nearing completion.
J. Scott Drever, President stated; "This delineation drill program has been immensely successful. We have drilled the known portion of the deposit at 35 to 40 metre centres, the Main Mineralized Zone has been extended by approximately 300 metres beyond our current resource boundary and we have identified two new sub-parallel zones, El Cholugo and El Cholugo Dos. The results of the revised underground resource and reserve estimations is expected to demonstrate an extended mine life with a conventional mill facility well beyond the original 5.5 years estimated for the open pit heap leach operation."
In this reported series, core hole SE-13-126 intercepted further Bonanza grades (greater than 34 gpt Au or greater than 1,000 gpt Ag) with 0.60 metres grading 5.2 gpt Au and 1,840 gpt Ag. These high grades are included in a broader interval of 21.6 metres grading 1.46 gpt Au and 169.1 gpt Ag (see tables below).
Assay values in this series of holes range from 0.1 gpt to 22.0 gpt gold and 34.8 gpt to 1,840.0 gpt silver. Mineralized intervals range from 0.6 metres to 22.7 metres. All mineralized drill intercepts are near true thicknesses. The most significant assay results in this series of holes are shown in the following tables.
Santa Elena Main Mineralized Zone

Note: All numbers are weighted averages, uncut and rounded.

El Cholugo Zone

Note: All numbers are weighted averages, uncut and rounded.

All sample analyses were completed by ALS Chemex in Hermosillo, Mexico and North Vancouver, BC.
The El Cholugo Zone continues to expand to the west and to depth with 6 new drill hole intercepts (above table). The dimensions of this newly discovered zone is now approximately 400 metres long by 150 metres high with widths ranging from 1.7 to 17.1 metres.

Several Holes reported above (Holes SE-13-121, 123, 128, and 141) extend the strong silver and gold mineralization along the Main Mineralized Zone to the east and to depth. These intercepts are up to 300 metres beyond the boundary of current resource estimates. Core holes SE-13-132, 135, 137, 139, 140 reported above further expand mineralization 300 metres to the west under the current operating pit. Further drilling is underway to help delineate theses area of continued expansion.
Approximately 48,000 metres of drilling have been completed to date in the 2012-2103 program to convert underground resources to reserves and expand total resources. Three drills are currently on site completing the extended program. Summary results for revised Santa Elena Resources and Reserves are expected in late April or early May, 2013 with a NI 43-101 Technical Report for the Pre-Feasibility Study of the Expansion Plan to be filed within 45 days following announcement.
The Qualified Person under NI 43-101 for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
SilverCrest Mines Inc. (TSX-V: SVL; NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, 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. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Published at Investorideas.com Newswire
Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Gold and Mining News; Argentina Gold Stock Soltera Mining (SLTA) Reports Exploration Program Results

2013-04-05T07:52:00.000-07:00

JUJUY, ARGENTINA - April 5, 2013 (Investorideas.com Mining stocks newswire) Soltera Mining Corp. (SLTA) (www.solteramining.com), an exploration company that is concentrating on the major El Torno gold project in northern Argentina issues the following update . Dr. Fabio Montanari, President and CEO of Soltera Mining Corp. (SLTA) (www.solteramining.com), reports that the 2012 field programs of bedrock sampling and geophysics on its El Torno property in Argentina produced the following results.

Previous Soltera geochemical surveys over the whole property indicated that gold mineralization occurred throughout the length of the vein system and in networks of small quartz veins away from the main system. Surface sampling in late 2011 then identified five gold 'hot spots' with gold values commonly more than 1 g/t gold, including one channel sample as high as 376 g/t gold over 1.5 meters.
The 2012 sampling program involved taking channel samples of bedrock from the walls of more than 400 surface trenches, and in an existing gallery 20 meters below the surface. The 11,000 samples were each between one meter and one and a half meters long and were analysed at a laboratory of international standing. The sampling was concentrated within a 12 square kilometer area over the central part of the vein system.
A ground geophysical EM-IP survey was also conducted over part of the sampled area and consisted of thirty 2 kilometer-long lines extending east-west and four 4 kilometer-long lines over the main mineralised zones.
The results from these 2012 field programs showed:

More than 7,000 trench samples contained detectable gold, which confirms that a zone of pervasive mineralization occurs throughout the whole central area.
Within this broad zone, there are significant gold concentrations. A total of 541 samples contained more than 0.4g/t gold and, of those, 285 contained more than 1 g/t. Analyses with more than 5 g/t gold from the 2012 sampling program are shown below; all are 1 meter-long chip-channel samples, this data has not previously been published:
All the gold occurs within veins of heavily fractured quartz often associated with iron oxides. These veins can be up to 2 meters thick or be in the form of fine networks within the bedrock. They all appear to be later than the main vein quartz system and represent a late stage pulse of mineralized solutions that penetrated along fracture zones.
An area of 2 square kilometers over the central part of the main quartz vein system has been defined for priority test work and includes four of the five gold 'hot-spots' identified in the earlier sampling programs. An additional highly prospective area occurs one kilometer to the west of the main veins.
The geophysical EM-IP survey showed several strong near-surface anomalies that could well indicate conditions suitable for mineralization and are ideally suited for drilling.

We now have considerable data about gold on the surface, but very little about it at depth. Old workings and the 1990's drill holes show that gold occurs to at least 100 meters below surface, but drilling is absolutely essential to ascertain its quantity and distribution. A drill program is being planned.
Additional information will be available shortly on the website which is being updated.
Safe Harbor Statement: Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision.
Contact:
Soltera Mining Corp.
Fabio Montanari
President/CEO
1-888-768-5552
info@solteramining.com
www.solteramining.com
Published at Investorideas.com Newswire
Disclaimer/ Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. http://www.investorideas.com/About/Disclaimer.asp. Disclosure :SLTA: Investorideas newswire was paid five hundred dollars for the single distribution of this news release . This site is currently compensated by featured companies, news submissions and online advertising.
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Files La Joya Technical Report Updated Resources & Positive Preliminary Metallurgy; Potential For High Grade Cu-Ag-Au Concentrate With Over 30% Copper

2013-03-28T08:19:00.000-07:00

VANCOUVER, BRITISH COLUMBIA - March 28, 2013 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) (CW5.F) ("SilverCrest" or the "Company") is pleased to announce the filing of a National Instrument 43-101 compliant updated La Joya resources Technical Report ("Technical Report") including preliminary metallurgical test results for the La Joya Property in Durango, Mexico. The Technical Report - titled "Updated Resource Estimate for the La Joya Property, Durango, Mexico" dated March 27, 2013 - has been filed on SEDAR and is available at www.sedar.com. This Technical Report supports the Company's January 29, 2013 news release which announced the updated resource estimation.
The updated Inferred Resources** and sensitivities are summarized as (refer to tables below for details);

Cutoff grade of 15 gpt silver equivalent (Ag Eq*,Global Case): 198.6 million ounces Ag Eq
Cutoff grade of 30 gpt Ag Eq (Base Case); 159.8 million ounces Ag Eq
Cut-off grade of 60 gpt Ag Eq (High Grade Case); 100.8 million ounces of Ag Eq
Cut-off grade of 0.05% WO3; 75.1 million pounds (35,700 tonnes) of WO3

* Silver equivalency includes silver, gold and copper and excludes lead, zinc, molybdenum and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1, based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is incorporated until further information is available.
** Classified by EBA, A Tetra Tech Company and conforms to NI 43-101 and CIM definitions for resources. All numbers are rounded. Inferred Resources have been estimated from geological evidence and limited sampling and must be treated with a lower level of confidence than Measured and Indicated Resources. The reported Mineral Resource is based on the 30 gpt AgEQ and 0.050% WO3 cut-off.
The Company believes that the 60 gpt Ag Eq portion of the deposit, with an estimated tonnage of 27.9 million tonnes grading 112 grams per tonne Ag Eq*, constitutes a priority area to be examined as a potential "Starter Pit" for initial conceptual operations. A Preliminary Economic Assessment (PEA) that commenced in January 2013 will examine the Starter Pit concept in detail. The La Joya Property has excellent potential for additional resources with the deposits (Main Mineralized Trend - "MMT", Santo Nino and Coloradito) being open in most directions. Further infill and expansion drilling has been recommended to increase and convert resources from Inferred to Indicated.
After the initial metallurgical test work was completed in 2011 at the Laboratories of Instituto Tecnologico de Saltillo, Mexico, subsequent metallurgical test work was completed in 2012 and is being continued in 2013 at ALS Metallurgy ("ALS") in Kamloops, BC, Canada. Current results from batch cleaner flotation tests indicate that the MMT mineralization at La Joya is amenable to conventional flotation processes for production of high grade copper concentrates with high silver and gold credits. The near-surface (priority) Manto composite produced a bulk concentrate (the 3rd cleaner concentrate Cu-Ag-Au) grading up to 40% Cu, 4,780 gpt Ag and 13.1 g/t Au. Structure composite produced a bulk concentrate containing up to 38% Cu, 4,760 gpt Ag, and 9.4 gpt Au. The bulk concentrate produced from Contact Zone composite grades up to 29% Cu, 818 gpt Ag, and 18.8 gpt Au. Concentrates in excess of 25% copper are considered to be a premium product for smelter feed. The high copper grades in La Joya bulk concentrates are mostly attributable to the varied amounts of bornite, covellite and chalcocite in the tested materials.
J. Scott Drever, President stated: "The significant increase of Inferred Resources at La Joya and the identification of a potential high grade starter pit have increased the attractiveness of the project. Confirmation by preliminary metallurgical test work that a high grade, copper-silver-gold concentrate, with high recoveries of copper, silver and gold can be produced is extremely important and encourages us to push forward with our Preliminary Economic Assessment to define preliminary operating and capital parameters for the project."
Updated Resource Estimates
The resource update for La Joya has been independently estimated by EBA Engineering Consultants Ltd., a Tetra Tech Company utilizing Company Phase I and Phase II drill results and surface sampling programs along with independently-validated historic data. Drilling to date has been relatively widespread in the Main Mineralized Trend (MMT) as well as the independent deposits of Coloradito and Santo Nino. The MMT which includes the Phase I and II drilling areas, has a length of 2.5 kilometres and an average minimum width of over 700 metres.
The La Joya resource models separate the deposits into two broad categories based on the predominant mineralogy. The first category is comprised of silver, gold and copper mineralization (Manto and Structure Zones), with lesser amounts of tungsten (WO3), molybdenum (Mo), lead (Pb), and Zinc (Zn). The second category is predominantly tungsten and molybdenum mineralization (Contact Zone) with lesser amounts of Ag, Cu, Au, Pb, and Zn. The mineralogy of these categories is often gradational and overprinted in some areas. The Manto and Structure Zones generally lies spatially above the Contact Zone and generally follows the contours of the underlying intrusive, which outcrops in several areas. The summaries of the resource estimates below show the resources attributed to each of these mineralization categories for each of the current deposits, specifically, the MMT, Santo Nino, and Coloradito.
Manto and Structure Zones Resource Summary

Contact Zone Resource Summary

* WO3 is based on a standard calculation of tungsten (W) times 1.26. 100% metallurgical recovery is assumed until further information is available.
** Classified by EBA, A Tetra Tech Company and conforms to NI 43-101, 43-101CP, and CIM definitions for resources. All numbers are rounded. Inferred Resources have been estimated from geological evidence and limited sampling and must be treated with a lower level of confidence than Measured and Indicated Resources. Mineralization boundaries used in the interpretation of the geological model is based on a cutoff grade of 200 ppm W. The reported Mineral Resource is based on the 0.050% WO3 cut-off.
*** Contact Zone Resource blocks and associated volumes are exclusive of Manto and Structure blocks.

Much of the Contact Zone resource is considered to be near-surface and potentially amenable to conventional open pit mining. This zone also contains gold, silver, copper and tin (as defined by geochemistry) which may add secondary value as a result of increased metal content.
These resource estimates are based on recent and historical information collected by SilverCrest Mines and previous operators (Luismin/Goldcorp) from 1979 to present. Phase II Company drilling comprising 78 holes (25,812.65 metres), the 26 holes Phase I Company drilling (5,753.70 metres) and 18 validated historic drillholes (5,907.26 metres) were included in the geological database used as source data for the estimation. Drill hole spacing for the 122 holes (37,473.61 metres) used in the resource estimation is approximately 75 metres.
The La Joya deposits are currently interpreted to host three related styles of mineralization. Silver-Copper-Gold (Ag-Cu-Au) mineralization is concentrated within stratiform manto-style skarn controlled along sub-horizontal bedding. Silver-Copper-Gold, Lead-Zinc and Tungsten (Ag-Cu-Au, Pb-Zn, and W) mineralization is concentrated within structurally controlled stockwork and veining related skarn. Finally, tungsten W mineralization is found within late stage retrograde skarn development along the intrusive contact. These mineralized zones are considered to be semi-continuous along strike with true widths ranging from 15 to 50 metres using a cutoff grade of 15 gpt Ag Eq. Eight near-horizontal manto style skarn (semi-continuous disseminated stratabound sulphides) have been modeled within the resource area, which are cross-cut by the stockwork zones and considered the second dominant mineralization. Please refer to News Release dated October 17, 2011 for defined types of mineralization at La Joya.
Preliminary Metallurgy
Depending on mineralization style and conditioning applied on the ALS batch cleaner flotation tests, preliminary metal recoveries to the third cleaner concentrates range from 81.4 to 87.7% Cu, 74.9 to 84.3% Ag, and 18.2 to 56.6% Au for Manto and Structure composites. For the Contact Zone composite recoveries are from 81.4 to 83.6% Cu, 45.9 to 63.7 % Ag, and 57.0 to 66.4 % Au. In general, the obtained metal recoveries and grades indicate that the La Joya (MMT) samples are amenable for the conventional flotation process with the production of a high grade copper concentrate with high silver and gold credits. Gold appears to be amenable to gravity recovery as found in the Contact Zone composite with 24% recovered. Further test work is underway to optimise gold recovery.
The Contact Zone composite was specifically designed for assessment of tungsten recoveries by gravity methods which produced marginal recoveries of 7% W03. Further test work to determine recoveries and concentration grade of W03 is recommended.
Recoveries of molybdenum from Contact Zone composite were considered in the ALS test work. The molybdenum level in the 3rd cleaner concentrate ranges from 2 to 3% at a recovery from 51.4 to 65.4%. That suggests a separate molybdenum concentrate may be produced. Further test work on molybdenum is recommended.
Comminution, grinding and abrasive test work shows the mineralized rock to be of medium hardness and mildly abrasive. Overall, preliminary results show the rock to be amenable to conventional milling. Further test work will be completed for the next phase of work.
The head grades of the composite samples are shown in the following tables. The preliminary results shown for the Baseline concentration results as well as the results of using a cyanide suppressant both indicate excellent concentration ratios for copper, silver, gold and molybdenum.
Batch Cleaner Flotation Test Results - Baseline

Note: all the metal grades are based on weighted average values.
* Silver equivalency includes silver, gold and copper and excludes lead, zinc, molybdenum and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1, based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is assumed until test work is finalized.
** Contact composite was collected and analyzed to target tungsten and molybdenum recoveries.

Batch Cleaner Flotation Test Results - with Cyanide

The bulk copper concentrates for Baseline results produced from Manto and Structure composites show certain potentially deleterious elements for smelting such as arsenic, antimony and bismuth. An alternative to control the concentration of arsenic in the final high grade copper-silver-gold concentrate has been identified. Adding cyanide at cleaner flotation stages reduces the arsenic content (less than 1%) to acceptable market limits without sacrificing copper, silver and gold recoveries. Additional test work is in progress to assess distribution and concentration of antimony and bismuth. The Contact Zone bulk flotation concentrate has much lower concentrations of arsenic, antimony, and bismuth that are within the limits of market acceptability.
The independent Qualified Persons for the Technical Report who have reviewed and approved the contents of this news release are James Barr., P.Geo. from the consulting firm of EBA Engineering Consultants Ltd., a Tetra Tech Company and Ting Lu, P.Eng. (for Metallurgy) from Wardrop Engineering, a Tetra Tech Company.

SilverCrest Mines Inc. (TSX-V: SVL; NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, 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. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Published at Investorideas.com Newswire
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OTC Mining Stock Alert: Bullfrog Gold (OTCBB:BFGC) Claims More Prospective Land at Newsboy Project

2013-03-19T08:45:00.003-07:00

OTC Mining Stock Alert: Bullfrog Gold (OTCBB:BFGC) Claims More Prospective Land at Newsboy Project

Category: Investment, Gold, Mining

Visit this company: Bullfrog Gold Corp

GRAND JUNCTION, Colo. - March 19, 2013 (Investorideas.com Mining stocks newswire) Bullfrog Gold Corp (OTCBB:BFGC) is pleased to announce it has staked an additional 160 lode mining claims around its Newsboy Project located 45 miles NW of Phoenix, Arizona. These claims were duly recorded on March 15, 2013 with the US Bureau of Land Management and Maricopa County in Arizona.

Many shallow shafts, prospect pits and significant mineralized outcrops are present on these new claims, but no significant exploration has been conducted and there are no records of historic production. Project land holdings now approximate 7,400 acres within 250 lode claims, 12 placer claims, 3 State Exploration permits and two patented claims, much of which has been intensely altered by hydrothermal mineralizing solutions.

The Company's Phase 3 drill program was completed on March 9, 2013 and included 8,340 feet of drilling in 26 holes. Results on the first five holes in the Queen of Sheba area were released on February 25, 2013. Remaining Phase 3 results will be released upon receipt and study of final assays and drill data. Upon converting all relevant historic drill data in electronic format, the Company plans to engage an independent group to update resources before the end of 2013.

About Bullfrog Gold Corp.

Bullfrog Gold Corp. is a Delaware corporation that also controls two projects in Nevada, one of which is in the Bullfrog District that produced 2.5 million ounces of gold between 1988 and 1998 and the other has good potential for shallow silver with base metal and barite byproducts. More information on the Company and its projects may be obtained from www.BullfrogGold.com, or by emailing info@BullfrogGold.com.

Cautionary Note Regarding Forward Looking Statements

This press release may contain certain "Forward-Looking Statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein including those with respect to the objectives, plans and strategies of the Company and those preceded by or that include the words "believes," "expects," "given," "targets," "intends," "anticipates," "plans," "projects," "forecasts" or similar expressions, are forward-looking statements that involve various risks and uncertainties. The Company is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures and may not result in the discovery of sufficient mineral deposits that can be mined profitably. Furthermore, the Company currently has no reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Additional information regarding important factors that could cause actual results to differ materially from the Company's expectations is disclosed in the Company's documents filed from time to time with the United States Securities & Exchange Commission.

CONTACT:

David Beling, PE, President, CEO & Director, (970) 628-1670

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Dynamic Fund Manager Rob Cohen Imagines a Gold-Centric World

2013-03-18T12:36:00.001-07:00

Dynamic Fund Manager Rob Cohen Imagines a Gold-Centric World

Published at Investorideas.com Gold and Mining stocks blog -

Source: Sally Lowder of The Gold Report (3/18/13)

http://www.theaureport.com/pub/na/15083

Robert Cohen, lead portfolio manager with Dynamic Funds, has been kicking up dust at conferences and in board rooms with his "revolutionary and simple" idea that gold mining companies should hold gold on their balance sheets and use gold-based loans. But the idea is gaining traction and he suggests in this Gold Report interview from the Prospectors & Developers Association of Canada conference that management teams and investors alike would do well to question their use of U.S. dollars as a functional currency.

The Gold Report: Robert, you presented a paper at the Prospectors & Developers Association of Canada conference that focused on, among other things, the uses of gold as a monetary asset. Please tell our readers about that.

Robert Cohen: Gold is quintessentially a monetary asset. Many people believe it is the most ideal monetary asset on the planet, given that the world's other monetary assets are fiat currencies that can be expanded at the whim of a government.

Every ounce of gold ever produced is still kicking around on the surface, a total of about 160,000 tons. Half of that may be in the banking system. Miners produce about 2,500 tons a year. So only a very tiny expansion of liquid gold accrues every year, especially compared to the global liquidity created by printing money.

Imagine that we could remove currency from the world. We would have to think about hard assets such as real estate, oil, primary and precious metals relative to how one has performed with respect to another. If you do that, you see that since 1971 the average gold-to-oil ratio has been about 16.5 barrels of oil per ounce of gold. If you had been paying the gas station attendant in gold every time you filled up, you would have paid the same amount in gold for the last 40 years without noticing any price inflation.

You can extend it further, to real estate if you filter out the real estate bubbles. Thirty years ago, the average home in America was valued at about 200 ounces (200 oz) of gold. Today, the average home is still about 200 oz of gold.

TGR: So for investors to understand the value of gold, they have to understand gold's historic ability to buy goods and services at a relatively consistent rate.

RC: Right. You need to look at price changes from a macro perspective. From a monetary point of view, the prices of oil, gold, copper or your house have increased for the same reason. Most price levels are driven by the global monetary base, its debasement and the expansion of global liquidity.

One reality check is to look at the cross ratios of gold to other hard assets and that of one hard asset to another.

TGR: In other words, the gold price is fluctuating because of what is going on with the fiat currencies?

RC: Yes, and today's currency war is creating confusion in the market. When the yen falls, the U.S. dollar goes up. But you have to ask yourself if the yen has been engineered by the Japanese government to be devalued or is there fundamental strength in the U.S. dollar?

People think very linearly: If the U.S. dollar is up, gold is supposed to be down. Not necessarily. Think of gold as a sovereign country with a currency called gold. If the yen-dollar ratio drops, so should the yen-gold ratio, but the dollar-gold ratio should remain constant.

I think the right way to think about gold is to ask how many yen it takes to buy an ounce of gold. Gold is most commonly quoted in U.S. dollars, but if you are outside the U.S., it is better to think about the gold price in your local currency. That is an absolute measure of your country's purchasing power against the world's most stable monetary asset.

TGR: And your belief that gold is the most stable monetary asset is why you think gold companies should keep gold as an asset on their balance sheets.

RC: Yes, because investors are trying to escape the ravages of fiat currencies. Gold in the ground is not a liquid asset, but as soon as the gold companies turn it into a liquid asset, they immediately dispose of it and trade it for U.S. dollars.

TGR: Devalued U.S. dollars.

RC: Yes, devalued U.S. dollars or any fiat currency. Gold would be the best functional currency for the industry.

Let's extend this further. Companies can get gold loans instead of paper money loans. With a paper loan, the financier will require the company to hedge some of its gold forward to ensure that the loan is repaid. If the company banked it in gold, it would be producing the exact same asset it will use to repay the loan. There would be no need to hedge.

As you know, the main costs in the gold industry are labor, fuel, energy, steel and chemicals. If there is monetary debasement, labor will be sticky on the upside, but the costs of steel, chemicals and power all move up proportionally with gold. This makes gold a perfect hedge against rising costs.

However, if a company is forced to hedge its revenue line, it no longer has any protection against fluctuation on its cost lines. The best thing gold companies can do is remain unhedged and hold their retained earnings in gold. This allows them to keep their purchasing power for their next project. Banking earnings in dollars erodes their purchasing power.

TGR: How have public companies reacted to your idea?

RC: Reactions vary, and they are not related to the company's market cap. Some big companies think it is a great idea; others do not get it. Same among the mid caps. It is sometimes easier to talk about it with smaller companies and their management teams.

For example, I brought up this idea at the Precious Metals Summit in Beaver Creek, Colorado, in September 2012 on a panel with David Harquail fromFranco-Nevada Corp. (FNV:TSX; FNV:NYSE). He went back and discussed the idea with his board. In Q4/12, the company started taking some of its royalty payments in physical gold. To the company's benefit and surprise, this converts Franco-Nevada from a passive investment company into an active company, which is more tax efficient.

TGR: How have the shareholders reacted?

RC: It is too early. They may not even be aware of the change.

Miners like Rob McEwen, who used to run Goldcorp Inc. (G:TSX; GG:NYSE), embrace the idea. David Baker from Baker Steel is another proponent.

Miners, for the most part, are taught in mining school to dig up the rock—gold, coal, whatever—to sell it on the market and to take what is left over as profit margin.

But if you look at the situation as an economist, you realize that gold mining produces the only monetary asset outside of the paper money world that is acceptable to central banks. Central banks have been trying to get their hands on more gold because the U.S. dollar has become too prominent as a global banking currency. With nearly $17 trillion ($17T) of U.S. debt, and another $13T of debt in Europe, there is a lot of fear about central banks using the euro and the U.S. dollar because there are very few other choices of paper money for foreign exchange reserves. This makes gold a great diversification agent.

TGR: Why would miners—the people who have first access to the gold—not want to keep it?

RC: That is why I wrote the paper, to get boards and management teams thinking about questions such as: Should we use U.S. dollars, a different currency or gold as our main functional currency?

In a gold-centric world, companies would not experience capital cost increases on their projects because they would have costed the project out in gold ounces.

It is easy to calculate payback in ounces. Say you spend 250,000 ounces (250 Koz) to build a project that produces 125 Koz annually. You will need half of that to pay all your consumables and labor, leaving you with 125 Koz in retained earnings. You will owe taxes on that amount, of course.

This approach offers stability in terms of payback and in terms of capital costs not inflating because everything is expressed in ounces. That way the market can adjust the share price based on what is going on with the currency.

TGR: It also might offer shareholders some comfort to buy shares in a producing mining company that is hoarding gold as a store of value.

RC: For sure. If you look at 10 years of balance sheets for the big gold companies, you can find the ballast in the balance sheet, the point that the cash level never dips below. Had that ballast level been in gold instead of cash or a low-yielding corporate bond, the company would have retained a phenomenal amount of shareholder value.

I think the gold industry should be perceived more like an exchange-traded fund where a company has a hoard of gold and a little machine that converts gold in the ground into aboveground stock. The value of that aboveground stock is indisputable. It is the gold price in your local currency multiplied by the number of ounces, with some adjustment for capital gains tax.

I would run my whole life in gold if I could. I would accept my salary in a gold-denominated bank account and pull cash from an ATM to fill immediate needs and pay bills.

TGR: Had the big mining companies been doing this for 10 years, how would the whole mining landscape would look different?

RC: The landscape you live in would look different. We are seeing a real downdraft in the prices of the gold equities. Looking at profit margins, I think the absolute fall in the gold price and by extension in the oil price was triggered by the devaluation of the Japanese yen. Using round numbers, when gold was $1,700/oz, a typical gold mine was earning a 50% profit margin; $850/oz pre-tax. When the gold price goes down $100/oz, that $850/oz margin also goes down by $100 to $750/oz. The big-cap equities have been hammered by that amount. It is even worse for the small caps, who have to take off that $100/oz and who will never be able to get access to equity or debt. They go down a perceived dilutionary spiral.

TGR: We have definitely seen that.

RC: But assume that 25% of your cost, some $200/oz, was for fuel. The oil price moves day to day, so you pick up $20 or so an ounce in savings from the fall in the oil price. Savings on chemical and steel prices could add more savings. Ultimately, the change in margin is not $100/oz, but more akin to $60 or $80/oz, assuming all the costs are the same. If we take a midrange fall of $75 on what was an $850/oz profit margin, it is less than a 10% change in profit margin.

At the end of the day there is margin respiration, but not to the degree the fear mongers are proclaiming. We have seen herd mentalities before, but this is extreme. We are seeing a complete evacuation of the room.

TGR: That is apparent in the plunging volumes in the TSX Venture and the TSX—across most equities in the mining space.

RC: Everyone is squeezed out through a mouse hole into the other room called the S&P Index and the bond market.

The jack-in-the-box effect of compressing valuations down to all-time lows brings me right back to where I started. As we are speaking, I am putting my finger on my pulse, asking: How is gold? What is gold doing with respect to other hard assets? What is moving in its currencies? Doing this should keep rational investors comfortable that they are not losing purchasing power in real estate or hard assets.

Here is another scenario. Ten years ago, twin brothers started out with $100,000 each to invest. Ted was fearful of the paper money world, and Tom was comfortable with it. Each told his financial adviser he did not want to lose any money in his portfolio.

Tom's financial adviser put all of Tom's money in a bank savings account. At the end of 10 years, Tom could accurately claim that he had not lost any money.

Ted's adviser put all of Ted's money into physical gold and held it for 10 years. Ted still held the same number of ounces, but with the 80% pickup in gold, expressed in U.S. dollars, Ted's investment had more value. In effect, the brother who held cash can buy fewer goods and services with his money than the brother who held gold.

TGR: You mentioned a jack-in-the-box effect that happens when people start to realize that gold miners have value, either in cash or in gold they may be holding. What is its effect on the market?

RC: Gold equities have been through a tailspin. This has not been happening in other sectors. The oil price has come down harder than the gold price, yet recently some oil stocks hit 52-week highs.

Every time gold equities have crashed, it has been part of something else, like the 1997 selloff. The 1990s were characterized by a very strong U.S. dollar, so a low gold price was not unusual. But for the last 13 years, paper money has been constantly devalued, making gold the safer currency for storing wealth.

TGR: Given that, would you be more bullish on selected mining equities?

RC: Yes, with the caveat that the stock market also has to work more akin to the way it has worked in the past.

What would happen if you were the only bidder in an auction room filled with Rembrandts, Picassos and Monets? Even without other bidders, you only have so much money in your pocket. One person cannot make a market. The market as a whole needs to start coming back. Typically, when something is oversold and the profit margins are still there, private equity steps in. Later on, the stock market moves back in.

I cannot predict the speed of the recovery. Is it V-shaped? Is this a short-term financial anomaly or will it take time to change investors' mindset?

TGR: We have seen groups with mining assets from Europe to Brazil to Australia choosing not to go public with projects because the market will not give them the value that the asset is worth. Instead, they are keeping certain projects private until the public markets come back.

RC: This goes back to the point I raised suggesting that companies try to get a gold loan in the meantime. In a gold-centric lending and paying environment the returns appear to be totally intact. It is the paper-money environment that interferes with people's thinking patterns.

TGR: As a fund manager in the mining space, how would you encourage investors to get back into the market? How would you entice more people into the auction room, to use one of your images? There is a lot of good art on the walls.

RC: You need a diversified portfolio. If everything in your portfolio is firing on all cylinders at the same time, maybe the portfolio is not diversified. You need to be invested in an asset class, like gold and gold equities, that starts performing when other parts of the portfolio are going wrong. That is a true diversified portfolio.

At the very least, people should start allocating to gold stocks right now with the view of buying through the trough.

TGR: Should those purchases be among the producers that have cash flow or have the potential to hold gold as a store of value? As a portfolio manager, do you invest in explorers?

RC: I do invest in explorers because the alpha generated by this industry is where you get your real pick up. You can buy gold and maintain the purchasing power of your wealth. You can buy gold stocks, seek alpha and get a real wealth pick up.

When you are seeking alpha, you need to look at development companies that might not yet be financed. The economics of discovery lend itself to a two-to-four-year payback, which typically is a 25–50% internal rate of return.

Producers are safer because they have financing and cash flow. As a fund manager, I like to stratify across the gold sector. I want my favorites among the senior and mid-cap producers. I want my favorite development companies.

TGR: Could you give us a few names in each of those categories?

RC: Goldcorp really stands out as one of the top seniors.

TGR: What about the mid-cap producers?

RC: Yamana Gold Inc. (YRI:TSX; AUY:NYSE; YAU:LSE). Osisko Mining Corp. (OSK:TSX), which had some startup hiccups but has resolved the mechanical problems at its Canadian Malartic mine.

TGR: What about the developers?

RC: Perseus Mining Ltd. (PRU:TSX; PRU:ASX) is sort of in-between. Its Edikan mine in Ghana had some crushing issues.

If I had to choose between a mining company with a reserve problem and one with a mechanical problem, I would raise my hand up as an engineer and say mechanical problems can be solved. That is what Osisko and Perseus have done.

Other interesting discoveries that I think have economic deposits include Torex Gold Resources Inc. (TXG:TSX) out of Mexico and Belo Sun Mining Corp. (BSX:TSX.V) in Brazil. Roxgold Inc. (ROG:TSX.V) is a smaller company with a project in Burkina Faso and an Australian company called Papillon Resources Inc. (PIR:ASX) has a project in Mali.

Of course, all of those countries have a degree of political risk, but they are the best risk/reward opportunities. All have some critical mass in terms of market cap, a bit of safety on the downside, and all should be financeable. Even Roxgold, the smallest, is financeable because it is a very small, 2,500 ton/day operation, at a very low capital cost.

TGR: Do you want to give us any parting words?

RC: If you stay in a dollar-centric world build a stomach of steel. If you can get into the mental mindset of living in a gold-centric world, you will be fairly comfortable.

TGR: Thanks for your insights, Robert.

A mineral process engineer by training, Robert Cohen has nearly 20 years combined experience in the mining industry and is lead portfolio manager for Dynamic Precious Metals Fund and Dynamic Strategic Gold Class. Named a TopGun portfolio manager by Brendan Wood International in 2009, 2010 and 2011, Cohen has been lead portfolio manager for Dynamic Precious Metals Fund since November 2000 and Dynamic Strategic Gold Class since inception, with top-performing mandates also in distribution in Europe and the United States. Cohen completed his Bachelor of Applied Sciences in mining and mineral process engineering at the University of British Columbia in 1992. In 1998 he received his Masters in Business Administration and in 2003 Cohen received his CFA designation.

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DISCLOSURE:
1) Sally Lowder conducted this interview for The Gold Report and provides services to The Gold Reportas an employee. She or her family own shares of the following companies mentioned in this interview: None.
2) The following companies mentioned in the interview are sponsors of The Gold Report: Franco-Nevada Corp. and Goldcorp. Inc. Streetwise Reports does not accept stock in exchange for its services or as sponsorship payment.
3) Robert Cohen: I or my family own shares of the following companies mentioned in this interview: None. I personally or my family am paid by the following companies mentioned in this interview: None. My company has a financial relationship with the following companies mentioned in this interview: None. I was not paid by Streetwise Reports for participating in this interview. Comments and opinions expressed are my own comments and opinions. I had the opportunity to review the interview for accuracy as of the date of the interview and am responsible for the content of the interview.
4) Interviews are edited for clarity. Streetwise Reports does not make editorial comments or change experts' statements without their consent.
5) The interview does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer.
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Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Announces 2012 Financial Results

2013-03-14T08:03:00.002-07:00

VANCOUVER, BRITISH COLUMBIA - March 14, 2013 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) (CW5.F) ("SilverCrest" or the "Company") is pleased to announce its audited consolidated financial results for the year and fourth quarter ended December 31, 2012 (all figures in U.S. dollars unless otherwise specified). The information in this news release should be read in conjunction with the Company''s audited consolidated financial statements for the year ended December 31, 2012 and associated management discussion and analysis ("MD&A") which are available from the Company''s website at www.silvercrestmines.com and under the Company''s profile on SEDAR at www.sedar.com.
2012 YEAR END FINANCIAL HIGHLIGHTS:
J. Scott Drever, President stated; "We are extremely pleased with the financial performance achieved in 2012. It is rewarding to deliver strong financial results that mirror Santa Elena''s production performance. Our management group in Vancouver and operating team in Mexico continue to do an excellent job and should be congratulated for achieving cash flow of $0.44 per share and earnings of $0.33 per share. We look forward to another strong financial year in 2013, with an expected increase in silver production to 625,000 ounces, consistent gold production at 33,000 ounces and cash costs remaining steady at or below $8.50 per silver equivalent ounce."
FINANCIAL AND OPERATING HIGHLIGHTS:

(1) Cash flow from operations before changes in working capital items.
(2) This is a Non-IFRS performance measure. Silver equivalence is a weighted volume average based on market spot prices per ounce of gold and silver at the quarter end dates. The 2011 number excludes the costs and ounces sold in the first quarter of 2011, as prior to commercial production date of April 1, 2011 operating revenues and expenses were capitalized to the Santa Elena Mine.
(3) IFRS 18 - Revenue should be recorded at its fair value, which for gold and silver is the market spot price on the date revenue is recognized.
(4) With the Hedging Facility fully repaid in November, 2012, this non-cash adjustment will be eliminated in future reporting periods.

Fourth Quarter ended December 31, 2012
Net earnings were $13,616,028 ($0.14 per share basic) for the fourth quarter compared with $9,863,459 ($0.11 per share basic) in 2011. The increase in net earnings was mainly driven by a reduction in annual Mexican income tax estimate. The settlement of the Hedging Facility during the fourth quarter made the Company eligible for current income tax deduction.

Silver and gold revenues totalled $18,243,732 (2011 - $18,258,349) in the fourth quarter. Silver and gold revenues on a cash basis increased by 47% to $17,609,949 (2011 - $12,002,316), from record silver sales and more gold sales realized at market spot prices. Silver sales were a quarterly record of 171,714 ounces (2011 - 120,199), or 43% higher than during the same period in 2011. The average realized price received was consistent at $32 (2011 - $32) per ounce.
Gold sales were 8,444 ounces (2011 - 9,702) or 13% below 2011. The Company sold 6,755 gold ounces (2011 - 400) at market spot realized prices of $1,706 (2011 - $1,744) per ounce. There were no gold ounces (2011 - 7,362) delivered into the Hedging Facility at $926.50 per ounce as the Facility was settled in cash from a portion of the proceeds of the $34.5 million prospectus offering. The Company delivered 1,689 gold ounces (2011 - 1,940) to Sandstorm at $350 per ounce. Non-cash gold revenues attributed to deferred revenue totaled $633,783 (2011 - $728,209). The non-cash amount attributed to the Hedging Facility deliveries in the fourth quarter was $nil (2011 - $5,527,824). The non-cash amounts with respect to the Hedging Facility represented the difference between the market spot price at the date of delivery of gold (2011- average realized price of $1,676 per ounce) and the hedge price of $926.50 per ounce settled.
Cost of sales amounted to $5,156,489 (2011 - $3,764,200). Cash cost per silver equivalent ounce sold amounted to $8.05, Au:Ag 55.6:1 (2011 - $5.65, (Au:Ag 56.3:1), Corporate market guidance for 2012 was $8.20 per silver equivalent ounce, (Au:Ag 55:1)) (This is a NON-IFRS Performance Measure). The main drivers in the increase of cash cost per silver equivalent ounce sold from previous 2012 quarters were higher overall operating costs based on lower grade ore mined using a lower cutoff grade (0.2 gpt Au equivalent versus 0.38 used in 2011), and salary and other benefit increases, which corresponded to an increase in the average silver equivalent ounce value loaded on the leach pad and recorded in cost of sales. General and administrative expenses increased to $2,106,039 (2011 - $1,705,554) primarily due to an increase in remuneration, bonus payments and regulatory expenses for now being dual listed on the TSX-V and NYSE MKT.
In the fourth quarter, current income tax recovery (expense) amounted to $3,494,000 (2011 - ($985,000)), mainly from the eligible deduction for income tax purposes of the Hedging Facility cash settlement. Deferred tax expense amounted to $781,000 (2011 - $364,000), primarily from recognizing an income tax deduction on exploration drilling and related costs incurred during the quarter at Santa Elena and the Cruz de Mayo.
Year ended December 31, 2012
Net earnings were $30,475,744 ($0.33 per share basic) for 2012, compared with $9,456,419 ($0.12 per share basic) in 2011. The significant increase in net earnings is driven by continued improvements in operating performance since commercial production was declared during the second quarter of 2011.
Revenues from silver and gold sales totalled $70,520,085 (2011 - $41,870,124) for 2012, which includes $63,456,934 (2011 - $31,839,825) received on a cash basis, $4,448,553 (2011 - $13,081,984) of non-cash revenues due to adjustments to gold spot market prices related to Hedging Facility deliveries and $2,614,598 (2011 - $1,804,352) related to amortization of deferred revenues associated with the Sandstorm Agreement.
SilverCrest sold 588,312 ounces of silver (2011 - 344,724), 71% higher than 2011 at average realized prices of $32 (2011 - $35) per ounce. SilverCrest sold 34,834 ounces of gold (2011 - 23,962), 45% higher than 2011. The Company sold 21,383 ounces of gold (2011 - 400) at market spot realized price of $1,703 (2011 - $1,744) per ounce. The Company delivered 6,484 ounces of gold (2011 - 18,769) into the Hedging Facility at $926.50 per ounce before it was fully settled in November, and delivered 6,967 ounces of gold (2011 - 4,793) to Sandstorm at $350 per ounce.
Non-cash gold revenues totalled $7,063,151 (2011 - $14,886,336). Gold delivered into the Hedging Facility totalled 6,484 ounces (2011 - 18,769) at an average realized price of $925 (2011 - $926). The non cash amount reported of $4,448,553 (2011 - $13,081,984) represents the difference between the market spot price at the date of delivery for gold (at an average realized price of $1,611 (2011 - $1,588) per ounce) and the hedge price of $926.50 per ounce settled. Amortization of deferred revenue associated with the Sandstorm Agreement was $2,614,598 (2011 - $1,804,352).
Cost of sales amounted to $18,307,681 (2011 - $9,526,888). Cash cost per silver equivalent ounce sold amounted to $7.39, Au:Ag 54.3:1 (2011 - $6.07, (Au:Ag 50.4:1), Corporate market guidance for 2012 was $8.20 per silver equivalent ounce, (Au:Ag 55:1)). (This is a NON-IFRS Performance Measure). General and administrative expenses increased to $5,568,582 (2011 - $4,093,438) primarily from increased compensation and bonuses for management and employees, additional fees for listing on NYSE MKT (trading commenced in August, 2012) and the TSX-V as well as greater attendance at tradeshows, conferences and investor presentations in Europe and throughout North America. Cash cost per silver equivalent ounce sold for the year of $7.39 was approximately 10% better than market guidance of $8.20.
Loss on derivative instruments amounted to $3,839,146 (2011 - $11,497,957). With the Hedging Facility now fully repaid, this non-cash adjustment will be eliminated in future reporting periods.
Current income tax expense amounted to $4,156,000 (2011 - $985,000), which relates to the estimate of annual tax payable from Santa Elena operations. SilverCrest has prepaid $1,841,000 in cash, and $2,315,000 by offset of Mexican value added tax receivable. There was no outstanding tax payable at December 31, 2012. Deferred tax expense increased to $1,261,000 (2011 - $364,000) primarily from recognizing an income tax deduction on exploration drilling and related costs incurred in 2012 at Santa Elena and Cruz de Mayo.
Exchange gain (loss) on translation to US Dollars amounted to $561,523 (2011 - ($1,022,390)), due to the strength in 2012, of the Canadian dollar against the US dollar. The value of the Company''s Canadian assets were translated at US$1.00 = CAD$1.0167 at December 31, 2011, and US$1.00 = CAD$0.9949 at December 31, 2012.
NON-IFRS PERFORMANCE MEASURES
The discussion of financial results in this press release includes reference to cash operating cost per silver equivalent ounce sold which is a non-IFRS performance measure. The Company provides this measure to provide additional information regarding the Company''s financial results and performance. Please refer to the Company''s MD&A for the year ended December 31, 2012, for a reconciliation of this measure to reported IFRS results.
OUTLOOK FOR 2013
For 2013, SilverCrest''s immediate focus is to continue to efficiently operate its flagship Santa Elena low cost open pit silver and gold mine, complete the construction of a new 3,000 tonne per day mill facility on schedule and on budget, announce the revised Santa Elena Resources, Reserves and Life of Mine Plan ("LOMP") and to rapidly advance the delineation of a large polymetallic deposit at the La Joya Property by completing a Preliminary Economic Assessment ("PEA") and further definition drilling of the 198 million ounce silver equivalent resource. Specific corporate targets are as follows:
Santa Elena Open Pit Production Targets

Estimated annual production of 625,000 ounces of silver and 33,000 ounces of gold (2.4 million ounces of silver equivalent, Ag:Au 55:1).
Estimated annual operating costs of $20.7 million.
Estimated cash operating cost of $8.50 per ounce silver equivalent sold (Ag:Au 55:1).
Estimated operational sustaining capital expenditure of $1.0 million.

Santa Elena Expansion Targets

Complete construction of new conventional 3,000 tpd CCD processing facility on schedule (Q1-2014) and on budget ($53.2 million).
Complete underground development of main ramp that will enable physical access to ore underground for direct mill feed commencing in H2-2014. Budget for 2013 is $7.8 million.
Complete Pre-Feasibility Study on the Expansion Plan (mill, underground and re-processing leach pad material) including Resource, Reserve and LOMP revisions for filing in Q2-2013.
Complete Detailed Engineering on the Expansion Plan in Q2-2013.
Complete surface drilling of approximately 15,000 metres to expand additional resources - Capital assigned for 2013 is $3.2 million.

La Joya Project Targets

File Updated Resource Estimate NI43-101 Technical Report in Q1 2013.
Complete and File a PEA NI43-101 Technical Report evaluating the high grade portion of the deposit as a potential "Starter" Pit.
Complete Phase III drilling program of approximately 80 holes: core (60) and reverse circulation (20) drill holes for in-fill and expansion of current resources. Budget for 2013 is $6 million.
Complete final staged payments under the La Joya agreements to acquire 100 % of the mineral concessions under agreement for purchase and sale.
Continue to explore the Coloradito, La Esperanza and Santo Nino targets which are adjacent to the Main Mineralized Trend.
Explore newly defined geophysical targets; La Paloma and El Pino within the current land position.

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2013-03-13T09:41:00.000-07:00

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Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Continues to Expand Santa Elena Deposit

2013-02-26T08:15:00.001-08:00

VANCOUVER, BRITISH COLUMBIA - February 26, 2013 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) (CW5.F) ("SilverCrest" or the "Company") is pleased to announce results of further delineation drilling at the Santa Elena Mine in Sonora, Mexico. One hundred and eleven holes of a revised planned 114 holes have been completed to re-categorize Indicated and Inferred Resources to Probable Reserves and expand current underground Resources (see Figure - http://media3.marketwire.com/docs/svl226-F1.pdf). This drill program continues to be extremely successful and several of the most recent holes have identified additional bonanza grade (as defined below) intercepts and two new zones (El Cholugo and El Cholugo Dos) that lie below and are sub-parallel to the Main Mineralized Zone currently being mined. All holes included in this program will assist with resource confirmation and reclassification, the results of which will be included in the upcoming Pre-Feasibility Study for the Santa Elena Expansion Project.

J. Scott Drever, President stated; "This delineation drill program has been immensely successful. We have drilled the known portion of the deposit at 35 to 40 metre centres, the Main Mineralized Zone has been extended by approximately 300 metres beyond our current resource boundary and we have identified two new sub-parallel zones, El Cholugo and El Cholugo Dos. We are eagerly awaiting the results of the revised underground resource and reserve estimations that are intended to extend the mine life well beyond the existing 6.5 year life of the current open pit heap leach. Our underground decline has progressed beyond 1,200 metres and a number of muck bays are within 25 metres of the underground portion of the ore deposit which will allow for early development of the deposit."
In this reported series, core holes SE-13-117, SE-13-119 and GT-12-09 have intercepted further Bonanza grades of silver (greater than 1,000 gpt Ag) ranging from 1.0 metre @ 1.50 gpt Au and 1,320 gpt Ag to 1.9 metres @ 2.34 gpt Au and 1,281.9 gpt Ag (see tables below).
Assay values in this series of holes range from 0.3 gpt to 27.2 gpt gold and 54.7 gpt to 1,320.0 gpt silver. Mineralized intervals range from 1.7 metres to 25.8 metres. All mineralized drill intercepts are near true thicknesses. The most significant assay results in this series of holes are shown in the following tables;
All sample analyses were completed by ALS Chemex in Hermosillo, Mexico and North Vancouver, BC.
Assays for Hole SE-12-60, SE-12-61, and SE-12-75 were pending in a previous news release and are now presented above. Hole GT-12-09 previously reported only the Main Mineralized Zone with the El Cholugo Zone intercept now reported above.
The El Cholugo Zone continues to expand with 5 new drill hole intercepts. The dimensions of this newly discovery zone are now approximately 200 metres long by 100 metres high and open to the west and to depth. A new parallel mineralized zone (EL Cholugo Dos) was intercepted below the El Cholugo discovery in hole SE-13-117 with 10.4 metres @ 0.78 gpt Au and 76.7 gpt Ag; hole SE-13-118 with 4.2 metres @ 0.90 gpt Au and 70.8 gpt Ag, and hole SE-13-119 with 4.5 metres @ 4.83 gpt Au and 72.3 gpt Ag. Dimensions of this new discovery are currently unknown with further drilling anticipated to test this mineralization. Both of these new zones will be easily accessible from the underground development of the adjacent Main Mineralized Zone. A series of holes are being drilled to the west of SE-13-117 to test all three zones at depth.
Several Holes reported previously (Holes SE-12-72, SE-12-73, SE-12-74, and SE-12-111) extended the strong silver and gold mineralization along the Main Mineralized Trend to the east and to depth. These intercepts are up to 200 metres beyond the boundary of current resource estimates. This area beyond previous resource boundaries is now approximately 300 metres long by 200 metres high by 5 to 10 metres thick and open to the east and to depth and will be included in the upcoming revised resource estimates. Further drilling is underway to help delineate this area of potential expansion.
Approximately 39,000 metres of drilling have been completed to date in the program to convert underground resources to reserves and expand total resources. Results for the next series of holes will be released once compilation of results is complete. Three drills are currently on site completing the in-fill program. Further expansion drilling, beyond the in-fill program, will continue in 2013. Revised Santa Elena Resources and Reserves are expected in Q1 2013 with subsequent reporting of the results of Pre-Feasibility Study for the Expansion Plan.
The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
SilverCrest Mines Inc. (TSX-V: SVL; NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, 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. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Published at Investorideas.com Newswire
Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Appoints Vice President, Corporate Development

2013-01-31T11:44:00.002-08:00

VANCOUVER, BRITISH COLUMBIA - January 31, 2013 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) (CW5.F) ("SilverCrest" or the "Company") is pleased to announce the appointment of Mr. Marcio Fonseca (P.Geo.) to the newly created position of Vice President, Corporate Development. In his new position, Mr. Fonseca will be responsible for developing, implementing and executing all aspects of SilverCrest''s corporate development opportunities designed to accelerate the Company''s growth and enhance its shareholder''s value. Mr. Fonseca''s responsibilities will be to forge new and strengthen existing relationships with institutional and retail investors, source and evaluate opportunities for corporate and property acquisitions, develop and implement corporate financial strategies and raise the corporate profile of the Company in the general investment community through marketing and presentation of the Company''s assets and plans for growth

Mr. Fonseca has more than 20 years of experience in international mine finance, corporate and project evaluation. Most recently Mr. Fonseca was a Division Director in Macquarie Metals and Energy Capital (Canada) ltd, where he developed a successful career over the last 9 years, focused on equity and debt financing for the mining sector. Mr. Fonseca has been directly involved in successful mining financings for the development of mining projects worldwide. Prior to that, Mr. Fonseca held corporate positions in business development, project development, operations and exploration with Vale and Phelps Dodge in Latin America. Mr. Fonseca holds a Bachelor of Science degree in Geology from The Federal University of Minas Gerais - Brazil, Specialization in Engineering Economics from Fundação Dom Cabral-Brazil and an MSc in Mineral Project Appraisal from the Royal School of Mines, Imperial College, London. Mr. Fonseca''s experience combines valuation, financing, operations and project management. Mr. Fonseca will be part of the SilverCrest''s team, helping to create a solid foundation for growth.
J. Scott Drever, President of the Company, commented: "We are delighted that Mr. Fonseca has chosen to join SilverCrest''s senior management team. Mr. Fonseca''s broad skill set and experience in international mining finance and project development will be extremely valuable in the advancement of the Company''s position as a mid-tier precious metals producer."
The company also announces the grant of incentive stock options to purchase 350,000 common shares of SilverCrest which are exercisable at $2.60 per share, have a five year term and are subject to vesting in accordance with applicable Company policies.
SilverCrest Mines Inc. (TSX-V: SVL; NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, 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. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Published at Investorideas.com Newswire
Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Announces Updated La Joya Resources

2013-01-29T07:53:00.002-08:00

VANCOUVER, BRITISH COLUMBIA - January 29, 2013 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) (CW5.F) ("SilverCrest" or the "Company") is pleased to announce an updated resource estimation for the La Joya Property in Durango, Mexico. The updated Inferred Resources are summarized as (refer to tables below for details);

Cutoff grade of 15 gpt silver equivalent (Ag Eq*,Global Case): 198.6 million ounces Ag Eq
Cutoff grade of 30 gpt Ag Eq (Base Case); 159.8 million ounces Ag Eq
Cut-off grade of 60 gpt Ag Eq (High Grade Case); 100.8 million ounces of Ag Eq
Cut-off grade of 0.05% WO3; 75.1 million pounds (35,700 tonnes) of tungsten

The Company believes that the 60 gpt Ag Eq portion of the deposit with an estimated tonnage of 27.9 million tonnes grading 112 grams per tonne Ag Eq* constitutes a priority area to be examined as a potential "Starter Pit" for initial conceptual operations that will be examined in the Preliminary Economic Assessment (PEA) to be commenced shortly. The La Joya Property has excellent potential for additional resources with the deposits being open in most directions. Further infill and expansion drilling is recommended to increase and convert resources from Inferred to Indicated.
These resources have been independently estimated by EBA Engineering Consultants Ltd., a Tetra Tech Company utilizing Company Phase I and Phase II drill results and surface sampling programs along with independently-validated historic data. Drilling to date has been relatively widespread in the Main Mineralized Trend (MMT) as well as the independent deposits of Coloradito and Santo Nino. The MMT which includes the Phase I and II drilling areas, has a length of 2.5 kilometres and an average minimum width of over 700 metres (see attached Figures - http://media3.marketwire.com/docs/svl129_F1-2.pdf).
The La Joya resource models separate the deposits into two broad categories based on the predominant mineralogy. The first category is comprised of silver, gold and copper mineralization (AgCu Rich Zone), with lesser amounts of tungsten (WO3), molybdenum (Mo), lead (Pb), and Zinc (Zn). The second category is predominantly tungsten and molybdenum mineralization (Contact Zone) with lesser amounts of Ag, Cu, Au, Pb, and Zn. The mineralogy of these categories is often gradational and overprinted in some areas. The AgCu Rich Zone generally lies spacially above the Contact Zone and generally follows the contours of the underlying intrusive, which outcrops in several areas. The summaries of the resource estimates below show the resources attributed to each of these mineralization categories for each of the current deposits, specifically, the MMT, Santo Nino, and Coloradito.
* Silver equivalency includes silver, gold and copper and excludes lead, zinc, molybdenum and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1, based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is incorporated until further information is available.
**Classified by EBA, A Tetra Tech Company and conforms to NI 43-101, 43-101CP, and CIM definitions for resources. All numbers are rounded. Inferred Resources have been estimated from geological evidence and limited sampling and must be treated with a lower level of confidence than Measured and Indicated Resources. Mineralization boundaries used in the interpretation of the geological model and resource estimate are based on a cutoff grade of 15 gpt Ag Eq using the metal price ratios described above.
* WO3 is based on a standard calculation of tungsten (W) times 1.26. 100% metallurgical recovery is incorporated until further information is available.
** Classified by EBA, A Tetra Tech Company and conforms to NI 43-101, 43-101CP, and CIM definitions for resources. All numbers are rounded. Inferred Resources have been estimated from geological evidence and limited sampling and must be treated with a lower level of confidence than Measured and Indicated Resources. Mineralization boundaries used in the interpretation of the geological model and resource estimate are based on a cutoff grade of 200 ppm W.
Much of the Contact Zone resource is considered to be near-surface and potentially amenable to conventional open pit mining. This zone also contains gold, silver, copper and tin (as defined by geochemistry) which may add secondary value as a result of increased metal content.
These resource estimates are based on recent and historical information collected by SilverCrest Mines and previous operators (Luismin/Goldcorp) from 1979 to present. Phase II Company drilling comprising 78 holes (25,812.65 metres), the 26 holes Phase I Company drilling (5,753.70 metres) in addition to 18 validated historic drillholes (5,907.26 metres) were included in the geological database used as source data for the estimation. Drill hole spacing for the 122 holes (37,473.61 metres) used in the resource estimation is approximately 75 metres.
Based on available data and computer modeling, the current dominant mineralization at La Joya is hosted within numerous sub-vertical, near east-west striking structurally-controlled stockwork zones. These zones are considered to be semi-continuous along strike with true widths ranging from 15 to 50 metres using a cutoff grade of 15 gpt Ag Eq. Eight near-horizontal mantos (semi-continuous disseminated stratabound sulphides) have been modeled within the resource area, which are cross-cut by the stockwork zones and considered the second dominant mineralization. The La Joya deposits are currently interpreted to host three related styles of mineralization. Please refer to News Release dated October 17, 2011 for defined types of mineralization at La Joya.
Initial metallurgical test work as reported in the first Technical Report on the property dated February 20, 2012 suggests that the La Joya deposit may be amenable to conventional flotation processes for copper concentrating with high grade silver and gold components. Significant metallurgical test work is being completed by an independent qualified lab to confirm flotation amenability and fully determine recoveries. The nearby Sabinas Mine (Penoles), which is considered to be a similar deposit style to La Joya, has been in production for many years and is currently producing at an estimated rate of 4,000 tonnes/day and shipping flotation concentrate overseas.
The La Joya Inferred Mineral Resource Estimate was completed using Gemcom GEMS modeling software and is compliant with National Instrument 43-101 and conforms to guidelines and definitions established by the Canadian Institute of Mining and Metallurgy. The resource is based on verified information from historical and recent company sources. The Mineral Resources include block models for the Main Mineralized Trend and Santo Nino located within Cerro Sacrificio, and for Cerro Coloradito. Solid boundaries for the mineralization were interpreted using a minimum 15 Ag Eq cut-off from drill holes composites. Raw assay data was composited to 2 metres and was interpolated into a 5 metre x 5 metre x 5 metre block size model using inverse distance squared methodology with multiple mineralized domains and search ellipses. The search ellipse ranges were based on geological field observation, geostatistical analysis and iterative interpolation. Grade caps of 550 gpt Ag, 5.5 gpt Au and 6.0 % Cu were determined from histogram analysis and applied after compositing. Grade interpolation within stratabound manto mineralization utilized an anisotropic search ellipse oriented along the interpreted trend of bedding with major and semi-major axis ranges of 75 metres and a minor axis range of 40 metres. Where manto grades exceeded 120 gpt Ag, 1 gpt Au, or 1% Cu, the search ellipse was limited to major and semi-major axis ranges of 40 metres, and a minor axis range of 20 metres. Grade interpolation within sub-vertical structurally-controlled stockwork zones utilized an anisotropic ellipse oriented along the interpreted zones with major and semi-major axis ranges of 80 metres and a minor axis range of 30 metres. A minimum of 2 composites, to a maximum of 15, were required to interpolate block grades with no more than 3 composites reporting from any one drill hole in manto mineralization, or no more than 3 composites reporting from any one drill hole in the stockwork zones. Based on limited laboratory and in situ testing, a value of 3 was applied as a specific gravity for all materials in the model. Using the definitions in the CIM Definition Standards for Mineral Resources and Mineral Reserves, all Mineral Resources have been classified as being Inferred based on the number of samples used for estimation relative to the deposit area and the overall confidence in interpretation from the widely spaced drill holes for this style of deposit. Inferred Resources should not be used as the basis for evaluation of economic viability of the project. Details of these criteria will be presented in the Technical Report to be filed on SEDAR.
The independent Qualified Persons for the La Joya resource estimation who have reviewed and approved the contents of this news release are James Barr., P.Geo., and Lara Reggin, P.Geo. both from the consulting firm of EBA Engineering Consultants Ltd., a Tetra Tech Company and Ting Lu, P.Eng. (for Metallurgy) from Wardrop Engineering, a Tetra Tech Company. A Technical Report currently being prepared by the Qualified Persons and will adhere to the disclosure requirements of NI 43-101 and will be filed no later than 45 days from the date of this release.
SilverCrest Mines Inc. (TSX-V: SVL; NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, 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. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Published at Investorideas.com Newswire
Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Mining Stocks Investor Alert: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Exceeds 2012 Production Market Guidance, Announces Q4 Results and 2013 Guidance

2013-01-16T07:32:00.002-08:00

VANCOUVER, BRITISH COLUMBIA - January 16, 2013 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) (CW5.F) (the "Company") is pleased to announce full year and Q4 production figures for 2012 from its 100% owned Santa Elena Mine located in Sonora, Mexico and provide production and cost guidance for 2013.

2012 Operating Highlights for Santa Elena

Produced 579,609 ounces of silver in 2012, exceeding market guidance by 33% of original estimation of 435,000 ounces of silver.
Produced 33,004 ounces of gold in 2012, just below market guidance of 33,500 ounces.
Produced 2.37 million ounces of silver equivalent using a Ag:Au average ratio of 54.3:1.
In Q4 surpassed "One Million Ounces of Silver" produced project to date plus a quarterly record of 153,863 ounces silver.
Crusher throughput averaged 3,162 tonnes per day, 26% above the daily designed capacity of 2,500 tonnes per day.
Completed Phase II leach pad construction on schedule and on budget adding 2 years of capacity.
Installed new conveyor and stacker system for ore transport to the leach pad reducing operating costs.
Secured major long lead time items for construction of a new conventional 3,000 tpd CCD processing facility during 2013.
Underground decline development progressed to approximately 1,050 metres in length.
Completion of approximately 30,000 metres of drilling which;

confirmed and detailed underground resources to be converted to reserves,
discovered the new high grade "El Cholugo" gold and silver zone adjacent to the Main Mineralized Zone currently being mined and
extended the Main Mineralized Zone more than 200 metres along strike and down plunge.

J. Scott Drever, President stated; "2012 was a very successful year for SilverCrest that marked our first full year in commercial production. Management congratulates our operating team for delivering on its commitments and meeting or exceeding our production targets. Santa Elena exceeded silver initial production guidance by 33% and produced 2.37 million silver equivalent ounces in 2012. We look forward to another exciting year at Santa Elena, remaining focused on continuing steady production, optimizing operations, and ensuring the expansion plan to double metal production in 2014 is kept on schedule and within budget."
During the fourth quarter of 2012, Santa Elena operations produced a record 153,863 silver ounces or 17% more than the same quarter in 2011. Silver production continues to set quarterly records due to improvement in recoveries and higher grade ore being loaded on the Phase II leach pad. Gold production of 7,831 ounces was consistent with budget but 18% below the same quarter in 2011. Open pit tonnes and grades continue to reconcile closely with the geological block model and mine plan. All aspects of operations continue to function well. The crushing circuit had an excellent fourth quarter with average throughput of 3,355 tonnes per day, 3% below the same quarter in 2011 and 34% above the daily design capacity of 2,500 tonnes per day.
In 2012, virtually all operating parameters exceeded those of 2011 with the exception of the gold grade and gold ounces delivered to the pad. During the year the cut off grade was reduced from 0.38 gpt Au eq. to 0.20 gpt Au eq. (applies a 55:1 Ag:Au ratio, metallurgical recoveries, operating costs and current metal prices) which provided more reserve tonnes but with a lesser reported gold grade. In addition, much of the planned mining in 2012 was scheduled in a portion of the open pit which was of a lower grade when compared to those gold grades mined in 2011. Gold, along with silver grades are anticipated to increase in 2013.
2013 Operating Targets and Capital Expenditure Guidance

Produce 625,000 ounces of silver and 33,000 ounces of gold (2.4 million ounces of silver equivalent, Ag:Au 55:1) with consistent production levels expected each quarter.
Estimated cash cost of $8.50 per silver equivalent ounce (Ag:Au 55:1).
Major Capital Expenditures Estimates for Santa Elena Mine;
- Expansion Capital - Mill facility: $53.2 million
- Expansion Capital - U/G Mine Development: $ 7.8 million
- Expansion Drilling and PFS $ 3.5 million
- Sustaining Capital: $ 1.0 million
Estimated Exploration Expenditures;
- La Joya - drilling and PEA: $ 6.5 million
- La Joya - Property Acquisition Payment: $ 4.0 million

The Company is targeting 2013 year end for the completion of the new mill facility with commercial production expected in the first quarter of 2014. Exploration expenditures may be adjusted throughout the year depending on success.
The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
SilverCrest Mines Inc. (TSX-V: SVL; NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, 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. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Published at Investorideas.com Newswire
Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Expands Santa Elena Deposit; More High Grade Intercepts 13m @ 1.6 gpt Au and 324.8 gpt Ag Including 1m @ 5.1 Au and 2,840 gpt Ag

2013-01-14T07:28:00.002-08:00

VANCOUVER, BRITISH COLUMBIA - January 14, 2013 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) (CW5.F) (the "Company") is pleased to announce results of further drilling at the Santa Elena Mine in Sonora, Mexico. Ninety four holes of a planned 100 holes have been completed to help re-categorize Indicated and Inferred Resources to Probable Reserves and expand current underground Resources (see attached Figure - http://media3.marketwire.com/docs/svl114-F1.jpg). This drill program continues to be extremely successful with several recent holes identifying multiple bonanza grade intercepts and the new El Cholugo high grade gold and silver zone. All holes included in this program will assist with Resource confirmation and reclassification to be included in the upcoming Pre-Feasibility Study for the Santa Elena Expansion Project.

J. Scott Drever, President stated; "We are extremely encouraged with the high grade silver intercepts that we are encountering and the fact that four of the high grade results are just on or well beyond our current resource boundary. Gold values and interval widths are also substantial which bodes well for the addition of resources in our upcoming Resource and Reserve revisions."
In this reported series, core holes SE-12-73 and 110 have intercepted further Bonanza grades of gold, greater than 34 gpt Au and/or silver, greater than 1,000 gpt Ag, ranging from 1.0 metre @ 4.47 gpt Au and 1,465 gpt Ag to 1.0 metres @ 5.07 gpt Au and 2,840 gpt Ag (see tables below). Results from Bonanza grade hole SE-12-62 were partially announced on Jan. 7, 2013 with a final intercept of 1.7 metre @ 42.59 gpt Au and 1,460 gpt Ag within 5.2 metres @ 15.34 gpt Au and 546.2 gpt Ag.
Holes SE-12-72, 73, 74, and 111 have intercepted an extension of strong mineralization along the Main Mineralized Trend to the east and at depth (see attached Figure - http://media3.marketwire.com/docs/svl114-F1.jpg). These intercepts are up to 200 metres beyond the boundary of current Resource estimates. This Expansion Area is currently approximately 300 metres long by 150 metres high by 5 to 13 metres thick and open to the east and at depth. These new intercepts will be included in the upcoming revised underground Resources and Reserves. Further drilling is underway to help delineate this area of expansion.
Assay values in this series of holes range from 0.7 gpt to 42.6 gpt gold and 51.1 gpt to 2,840.0 gpt silver. Mineralized intervals range from 2.8 metres to 28.2 metres. All mineralized drill intercepts are near true thicknesses. The most significant assay results in this series of holes are shown in the following tables;
All sample analyses were completed by ALS Chemex in Hermosillo, Mexico and North Vancouver, BC.
Silver assays for Hole SE-12-62 pending in the news release dated January 7, 2012 are presented above. Hole SE-12-112 is absent in the above sequence as it is currently being drilled.
Approximately 33,000 metres of drilling have been completed to date in the program to assist with converting underground Resources to Reserves and expand total Resources. Results for the next series of holes will be released once compilation of results is complete. Three drills are currently on site to complete the in-fill program in early February, 2013. Further expansion drilling will be completed in Q1 2013. Revised Santa Elena Resources and Reserves are expected in Q1 2013 with subsequent reporting of the results of Pre-Feasibility Study for the Expansion Plan.
The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
SilverCrest Mines Inc. (TSX-V: SVL; NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, 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. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Published at Investorideas.com Newswire
Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Reports Additional La Joya High Grade Intercepts 80m of 78.8 gpt Ag, 0.31 gpt Au, 0.5% Cu (137 gpt Ag Eq(i))

2012-12-21T08:28:00.001-08:00

VANCOUVER, BRITISH COLUMBIA - December 21, 2012 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) (CW5.F) (the "Company") is pleased to announce the results of an additional 15 holes (LJ DD12-90 to LJ DD12-104) of the Phase II drill program at its La Joya Property in Durango, Mexico. These are the final results for the Phase II drilling program. Phase II drilling results reported to date have extended the Main Mineralized Trend ("Trend") beyond the area containing the current Inferred Resource of 101.9 million ounces Ag Eq.* (see News releases dated March 20 and May 7, 2012 and attached Figures: http://media3.marketwire.com/docs/svl1221_F1-2.pdf). Drilling and surface sampling has extended the Trend to approximately 2.5 kilometres with an average width of approximately 700 metres. Please reference our website at www.silvercrestmines.com for more information, photos and figures on La Joya.

Eight of the 15 holes reported in the tables and text below continued to test the southern extension of the Trend with the remaining 7 holes focused on the delineation of the Coloradito and Santo Nino Targets (Targets). Silver values in this series of core holes along the Trend and Targets range from 1.9 gpt to 176.0 gpt. Silver equivalent based values range from 14.1 gpt to 411.5 gpt Ag Eq.* (0.41 oz/ton to 12.0 oz/ton Ag Eq.). Mineralized intervals range from 7.1 metres to 251.0 metres. True thicknesses of mineralized intercepts can be approximated from cross sections of previously announced drill holes in the respective areas. Intercepts in holes drilled at a 45� angle are at vertical depths considerably less than implied by the core length measurements making many of the intercepts near to surface. Intercepts in holes L J12- 92, 95, 98, 100, and 103, presented below, are examples of near surface, higher grade mineralization that will be considered as part of a potential starter pit. The most significant assay results for this series of holes are shown in the following tables:
Main Mineralized Trend (Ag, Au, Cu)

* Silver equivalency includes silver, gold and copper and excludes lead, zinc, molybdenum, tin and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1, based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is assumed. All numbers are rounded. Silver Equivalent grades may be converted to ounces per ton by dividing the Ag Eq values by 34.285.

All sample analyses presented in this news release were completed by ALS Chemex in Zacatecas, Mexico and North Vancouver, BC, Canada. Holes L J DD12-90, 93, and 99 showed no significant mineralization.
Coloradito Target (W, Mo, Cu, Au, Ag)
Four additional holes were drilled on the near-surface portion of the Coloradito Target which is located approximately one kilometre west of the Trend. The Coloradito Target mineralization consists of skarning with stockwork veining and occurs adjacent to intrusive stock and dykes which are exposed at surface. Holes intercepting the Coloradito Target also contain anomalous Pb (lead), Zn (zinc), and Sn (tin).
Partial drilling of the Coloradito Target shows consistent intercepts of wide-spread tungsten (W03), molybdenum (Mo), gold (Au), and silver (Ag) mineralization from near surface to depths up to approximately 250 metres vertically. Drilling to date has identified an area of approximately 600 metre long, 200 metres wide and at least 250 metres deep starting at surface. A detail model of the Coloradito Target is being developed from drill data to provide a guide for further definition of this target which is considered a "potential large bulk tonnage tungsten-molybdenum target" and will be segregated as part of the next resource estimation. The summary of the resource revision is expected to be announced in the next several weeks with the subsequent NI 43-101 Technical Report to follow within 45 days.
Coloradito and Santo Nino Targets (W, Mo, Cu, Au, Ag)

* Silver equivalency includes silver, gold and copper and excludes lead, zinc, molybdenum, tin and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1, based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is assumed. All numbers are rounded. All sample analyses were completed by ALS Chemex in Zacatecas, Mexico and North Vancouver, BC, Canada.

Santo Nino Target (W, Mo, Cu, Au, Ag)
Holes L J DD12-97 and 99 were drilled to further test the Santo Nino Target approximately 1 kilometre east of the Trend''s eastern boundary. Hole 97 intercepted 27.2 metres of semi-massive sulphides grading 5.9 gpt Ag, 0.07 gpt Au, 0.48% Cu and 0.066% WO3. This hole encountered an extension of the massive sulphide mineralization (Santo Nino) reported in the discovery Hole L J DD12-74 which intercepted 35.2 metres grading 52.2 gpt Ag, 0.05 gpt Au, 1.6% Cu and 0.037% WO3. The mineralization is believed to be associated with a substantial east-west structure that cross cuts the width of the Trend mineralization to the west. Holes L J DD12-99 was located near the Santo Nino target but was off the target and intercepted no significant values.
The Phase II drill program was designed to test approximately 2.5 kilometres of the Trend which includes at least 8 near-vertical structures/stockwork zones, 14 near-horizontal, stacked mantos plus the Contact Zone which is adjacent to the underlying intrusive. Drilling on the southern extension of the Trend and Contact Zone has been completed and two of the three core drill rigs have been released. A reverse circulation drill is expected to commence drilling on exploratory targets in the area in January 2013. Based on Company surface mapping, sampling and historic drill hole results, the southern area is still believed to be potentially the highest grade area along the Trend. The Company is currently examining the potential for a potential near-surface, higher grade, low strip open pit as a conceptual "starter pit" that will be evaluated in a Preliminary Economic Assessment in 2013.
Phase III drill program has begun with core samples for holes L J DD12-105 to L J DD12-107 currently being logged, sampled or are in the laboratory for analyzes. This program has approximately 30 core holes and will include the 20 RVC holes uncompleted in Phase II. The next phase, planned for the first half of 2013, will further expand resources, in-fill higher grade defined areas, and test geophysical anomalies within the Company''s concessions. Several holes contain anomalous molybdenum, tungsten, tin, lead and zinc values over significant widths in the skarn. Extensive metallurgical test work is underway to examine the amenability and potential metallurgical recoveries of Ag, Au, Cu, W, Mo, Sn, Zn and Pb. Metallurgical test work results will be presented in the NI 43-101 Technical Report in early 2013.
The La Joya Deposit (Main Mineralized Trend) currently has estimated Inferred Resources of:

** Classified by EBA, A Tetra Tech Company and conforms to NI 43-101, 43-101CP, and CIM definitions for resources. All numbers are rounded. Inferred Resources have been estimated from geological evidence and limited sampling and must be treated with a lower level of confidence than Measured and Indicated Resources.

*** Mineralization boundaries used in the interpretation of the geological model and resource estimates are based on cutoff grades of 15 gpt Ag Eq and 30 gpt Ag Eq using the metal price ratios described above.

Please refer to the January 4, 2012 news release and to the La Joya NI 43-101 Technical Report dated February 20, 2012 for further details of the Inferred Resource estimate.
The target size of the La Joya mineralization and the potential subsequent estimated resources based on the current geologic model, drilling and sampling from the Phase II 2012 program suggests the possibility of target resources that may be 50 to 100% greater than the current resources. This potential increase in quantity of resources is conceptual in nature and insufficient exploration has been completed to define with certainty a mineral resource of this size. It is uncertain that further exploration will result in the target being delineated as a mineral resource.
The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
SilverCrest Mines Inc. (TSX-V: SVL; NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, 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. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Published at Investorideas.com Newswire
Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Investing in Junior Gold and Silver Mining Stocks; Q&A Interview with Andrew Portmann, Asset Manager and Director of THE TIMELESS PRECIOUS METAL FUND

2012-12-17T08:46:00.000-08:00

New York, NY, Point Roberts, WA - December 17, 2012 (Investorideas.com Mining stocks newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors including mining stocks features an exclusive Q&A interview with Andrew Portmann, Asset Manager and Director of THE TIMELESS PRECIOUS METAL FUND.

Q: Investorideas.com
Your fund invests in the juniors in the mining sector, which differentiates it from many of the larger funds; can you tell investors why your fund has chosen to focus on this particular group of stocks?
A: Andrew Portmann, Asset Manager and Director
Our focus is directed to the juniors in the gold and silver mining sector. Peter Zihlmannn, who launched the fund in 2004, had prior to that date managed discretionary accounts in this sector. Consequently we have a wealth of knowledge and many years of experience. Therefore we know a huge range of people and projects in the junior precious mining space. This is a great advantage while filtering and analyzing the huge number of junior miners out there.
We believe that exploration companies making the transition to producers create the most value to investors. Now clearly the selection of companies is the most difficult task, knowing that many explorers never make it. It is here where our mentioned expertise helps us avoiding the black sheep in the industry.
We invest in junior miners all over the world. Having a Malta based investment fund allows us to buy attractive companies at any global stock exchange, being Australia, UK or Canada.
Q: Investorideas.com
Can you give investors some insight as to the performance of juniors in relationship to actual gold and silver prices and if you think this trend will continue? And in that light can you give examples of the performance of some of the companies in your fund?
A: Andrew Portmann, Asset Manager and Director
This year has not been great for investors in precious metals, nor the mining stocks. Generally speaking the miners have slightly underperformed bullion. Looking at the gold miners in more detail one sees huge variance in the stock performance. Companies with good progress, growth in resources, production and cash-flow have been rewarded. Good examples would be First Majestic Corp. and SilverCrest Mines ( TSX.V: SVL ) ( NYSE MKT: SVLC ) in the silver space and Beadell Resources and Rio Alto Mining in gold. All four companies have been successful in turning projects into production within a couple of years.
The underperformance of gold and silver mining equity in relation to metal prices since 2007 is substantial. The equity / gold ratio has never over the past 30 years been so low. Valuations of the junior gold and silver mines in regards to their resources and future production are – based on current precious metals prices – on a historical low level. Senior mining companies are increasingly looking at takeovers at these bargain prices. We are convinced that M&A activities will increase over the next couple of months. A recent example is the merger of Keegan Resources with PMI Gold or First Majestic buying Orko Silver.
Q: Investorideas.com
What are your thoughts on gold and silver prices moving into the New Year?
A: Andrew Portmann, Asset Manager and Director
The US fiscal cliff has been the dominating theme lately. The worry is that about $600 billion worth of tax and spending cuts will start hitting the US economy in 2013 and could send the US economy into recession. This issue will be solved, as we do not believe the new government and the president will allow the economy to slide back into recession. Gold will profit as well, as the Fed will support the financial markets, the government and the economy with ample liquidity. So, in the end it is the ongoing macro-economic issues supporting the gold and silver price. While the Fed, the ECB and the BOJ are gradually printing more and more money and devaluing their currencies, gold will appreciate. We have no doubt that silver will follow gold's path up.
In the wake of higher gold prices the mining stocks should outperform both global equity markets as well as gold bullion.
Q: Investorideas.com
Can you tell investors some of the top factors in your research/decision making process when evaluating a junior mining company?
A: Andrew Portmann, Asset Manager and Director
In the junior mining sector it is important to be a stock picker. For us this means looking very precisely at the project/s and the management of the company. Having a quality management team in place is the basis for a successful company. The question for us is, can they advance the project toward a mine and will they be able to raise the needed capital to get there? Juniors currently are having a very difficult time getting funding for exploration and early stage projects. Consequently selecting companies with sufficient cash in the bank is essential. Everyone will tell you: “Grade is king.” But as we can see from mines in Nevada this is only half of the truth. It is the relationship between grade, tons, depth and more that show us, if the metal can be extracted economically. We see ourselves as value investors, which mean we are looking for the best value available. If we believe a resource can be turned into production within four years and you pay $50 for ounce; well then this value proposition.
<Q: Investorideas.com
Typically what kind of investors is attracted to your fund and what are the process/criteria for an interested new investor?
<A: Andrew Portmann, Asset Manager and Director
We offer a product that invests in junior precious metals mining companies only. There are not too many around like us that can choose from the most promising juniors on global bases. Investors believe that the historical low valuations provide a good opportunity to invest in gold equities and that the junior offer superior return to junior companies in the next price move. Subscription of our Malta based SICAV fund can be done through your bank or directly, with no extra charge, at the fund's custodian bank. The fund offers weekly liquidity with no waiting period.
THE TIMELESS PRECIOUS METAL FUND (http://www.timeless-funds.com/en/timeless-precious-metal-invest-philosophy) invests in listed mining companies of medium or small market capitalisation which have to fulfill the following criteria:

Companies that are in production on the one hand, and have a high potential of substituting exhausted resource bases, and at the same time, of adding new reserves.
Companies that are set to go into production and that have considerable exploration prospects
Companies that concentrate on the exploration for precious metals in commodity rich regions that already have a substantial resource.
We consider the experience and integrity of the mining company's management as another important investment criterion.

We believe that medium sized mining companies offer more growth potential in the long-term than major mining companies as it is easier for them to grow their resource base.
Shares of medium sized mining companies are more volatile than big cap mining stocks and are best suited for long-term investors. We also believe that mining companies are extremely undervalued at this time in relation to gold and silver and that, for this very reason, they offer an outstanding capital gain potential.
<Andrew Portmann, Asset Manager and Director Bio and contact info
Director, domiciled in Zurich, Switzerland
Over 15 years of experience in the banking and finance industry. He holds a BBA and is a certified international investment analyst (CIIA). Before joining Peter Zihlmann he was co-manager of two precious metals hedge funds at Incentive
Asset Management.
Email contact: andrew.portmann@pzim.ch
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BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
Source Investorideas.com 800 665 0411

Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Announces Grant of Stock Options

2012-12-05T07:14:00.000-08:00

VANCOUVER, BRITISH COLUMBIA - December 5, 2012 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) (CW5.F) (the "Company") announces the grant of stock options to directors, officers, employees and consultants to purchase an aggregate of 1,760,000 common shares of the Company at an exercise price of $2.60 per share for a term of 5 years. One quarter of these options vest on the date of grant and a further one-quarter will vest every six months thereafter.

Colombian Coal Stock Alert: VSUS Technologies (OTCQB:VSUT) Announces Retirement of Debt and Board Resignations

2012-12-04T08:13:00.002-08:00

BOGOTA - December 4, 2012 (Investorideas.com Mining stocks newswire) VSUS Technologies Inc. (OTCQB: VSUT) ("VSUS" or the "Company") announced today it has retired significant company debt. The Company is also announcing the resignation of two officers.

Kyle Gotshalk and Cherish Adams have resigned as officers of VSUS Technologies Inc. Their resignations were part of a debt settlement agreement and not due to any disagreements or conflicts with the company or its management. VSUS Technologies has entered into a debt settlement agreement with Ararat LLC that will reduce the company's liabilities by approximately $ 500,000. The Company has also paid in full two convertible promissory notes with Asher Enterprises totaling approximately $ 80,000 in principal, interest, and premium. The Company still has a third note with Asher it intends to pay in full next month. The retirement of this debt not only significantly reduces company liabilities but also the expense associated with carrying that debt.
The two resigning directors have returned approximately 7.75 Million shares to the company which currently has 75,938,476 shares outstanding. According to our transfer agent, as of December 3, 2012, there are 20,713,000 shares with CEDE & Co., nominee for the Depository Trust Corporation (DTC).
"We have made considerable progress with our studies and land surveys in Colombia; we expect to submit both our environmental impact assessment and works program to the proper agencies in the coming weeks. We will begin to interview operators and execute land purchase agreements in the next quarter," commented John Campo, President.
VSUS Technologies is building a strong team of geologists and engineers on the ground in Colombia and will be adding new board members at the appropriate time. The company will be rebuilding their website in 10 languages to engage social media and showcase their projects and studies to interested investors around the world. The company will establish a new corporate identity committed to keeping investors more informed going forward.
Get News Alerts & Updates for VSUS Technologies, Inc. delivered directly to your Mobile Phone. Text VSUT to 54545 or visit http://vsus.mobi (News alerts are free; however standard message & data rates may apply. Check with your carrier for more details.)
About VSUS Technologies Inc.
VSUS Technologies is a growing company that is acquiring coal concessions in Colombia in order to satisfy the world market demand for coal. Once a concession is acquired and the necessary financing is obtained, the Company will begin all the required environmental and geological studies to get them into production as efficiently as possible. The Company plans to have three revenue producing business units in Colombia: coal mining, coking oven facilities, and docks and river transportation along the Magdalena River. For more information on our company visit our website at www.vsustechnologies.com
Forward Looking Statements
Forward Looking Statements; This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include financing, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations. VSUS Technologies, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.
Company Contact:
VSUS Technologies Inc.
Mr. John Campo
President
(1)-410-236-8200 USA
(57) 318-657-0918 Colombia
jcampo@vsustechnologies.com
VSUS Colombia
Cra. 16 # 79-31 Suite 703a
Bogota, Colombia
www.vsustechnologies.com
Published at Investorideas.com newswire
Disclaimer/ Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Investorideas.com was compensated five hundred for the publishing of this release . http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Updates Santa Elena Resource Infill and Expansion Drilling

2012-12-04T07:38:00.002-08:00

VANCOUVER, BRITISH COLUMBIA - December 4, 2012 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) (CW5.F) (the "Company") is pleased to announce results of further drilling at the Santa Elena Mine in Sonora, Mexico. Seventy nine holes of a planned 100 holes have been completed to re-categorize Indicated and Inferred Resources to Probable Reserves and expand current underground Resources (see attached Figures - http://media3.marketwire.com/docs/svl1204-F1-2.pdf). To date, this drill program has been successful and will assist with resource confirmation and conversion which will be included in the upcoming Pre-Feasibility Study for the Santa Elena Expansion Project.
Assay values in this series of holes range from 0.22 gpt to 4.92 gpt gold and 28.0 to 277.4 gpt silver. Mineralized intervals range from 1.0 metres to 38.9 metres. All mineralized drill intercepts are near true thicknesses. The most significant intercepts are 30.7 metres grading 1.61 gpt Au and 169.6 gpt Ag (Hole SE-12-54) and 16 metres grading 2.15 gpt Au and 166.9 gpt Ag (Hole SERC-12-36). The most significant assay results in this series of holes are shown in the following table;
* Silver Equivalency based on a Ag:Au ratio of 50:1. All numbers are uncut and rounded.
** The SERC holes were drilled to intercept the Main Mineralized Zone utilizing reverse circulation drilling at the top of the hole and core through the mineralized interval.
All sample analyses were completed by ALS Chemex in Hermosillo, Mexico and North Vancouver, BC.

Assays are pending for Holes SE-12-49 and SE-12-53, in the above sequence. "GT" numbered holes are geotechnical holes that are being used for underground mine design for the Expansion Pre-Feasibility Study. Holes SERC-12-23, 25 and 26 had significant downhole deviations and were subsequently abandoned.
The Santa Elena deposit (Main Mineralized Zone) is open along strike and depth. Core holes SE-12-72 and SE-12-73 have been completed as part of a 15 hole program to test for the possible expansion of resources along strike to the east and to depth. Mineralized intercepts in these two holes are 5 to 10 metres wide with banded quartz and argentite mixed with breccia and disseminated argentite. These intercepts are approximately 100 to 150 metres beyond the boundary of current resource estimates. Approximately 13 additional holes are planned in this area as steps outs along strike and to depth. The Company is awaiting assay results for holes 72 and 73 to determine the extent of expansion potential.
Seventy nine holes totaling 25,512 metres of drilling have been completed to date in the underground resource conversion to reserves and resource expansion program. Results for the next series of holes will be released once compilation of results is complete. Three drills are currently on site to complete the program by the end of 2012. Revised Santa Elena Resources and Reserves, along with the results of Pre-Feasibility Study for the Expansion Plan are expected in Q1 2013.
The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
SilverCrest Mines Inc. (TSX-V: SVL; NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, 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. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Published at Investorideas.com Newswire
Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Mining Stock Breaking News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Reports Additional La Joya High Grade Intercepts 45.0m of 135.5 gpt Ag, 0.11 gpt Au, 1.14% Cu (240 gpt Ag Eq(i))

2012-11-27T08:11:00.000-08:00

VANCOUVER, BRITISH COLUMBIA - November 27, 2012 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. ( TSX.V:SVL ) ( NYSE MKT: SVLC) is pleased to announce the results of an additional 15 holes (LJ DD12-75 to LJ DD12-89) of the Phase II drill program nearing completion at its La Joya Property in Durango, Mexico. Phase II drilling reported to date has extended the Main Mineralized Trend ("Trend") beyond the area containing the current Inferred Resource of 101.9 million ounces Ag Eq.*(see News releases dated March 20 and May 7, 2012 and attached Figure: http://media3.marketwire.com/docs/silvercrestmap1.pdf). Drilling and surface sampling has extended the Trend to approximately 2.5 kilometres with an average width of approximately 700 metres. Please reference our website at www.silvercrestmines.com for more information, photos and figures on La Joya.
Five of the 15 holes reported in the tables and text below continued to test the southern extension of the Trend with the remaining 10 holes focused on the delineation of the Contact Zone and Santo Nino Target. Silver values in this series of core holes along the Trend and Contact Zone range from 3.3 gpt to 189.0 gpt. Silver equivalent based values range from 19.7 gpt to 324.1 gpt Ag Eq.* (0.57 oz/ton to 9.45 oz/ton). Mineralized intervals range from 15.2 metres to 288.7 metres. True thicknesses of mineralized intercepts can be approximated from cross sections of previously announced drill holes in the respective areas. Intercepts in holes drilled at a 45º angle are at vertical depths considerably less than implied by the core length measurements so many of the intercepts are near surface. Intercepts in holes 79, 84 and 86, presented below, are examples of near surface higher grade mineralization that may be considered in a potential starter pit. The most significant assay results for this series of holes are shown in the following tables:
Main Mineralized Trend (Ag, Au, Cu)
* Silver equivalency includes silver, gold and copper and excludes lead, zinc, molybdenum, tin and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1, based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is assumed. All numbers are rounded. Silver Equivalent grades may be converted to ounces per ton by dividing the Ag Eq values by 34.285.
All sample analyses presented in this news release were completed by ALS Chemex in Zacatecas, Mexico and North Vancouver, BC, Canada.

Contact Zone and Santo Nino Target (W, Cu, Au)
Four additional holes were drilled on the near-surface portion of the Contact Zone which is located within the Trend boundaries but can be identified separately from the manto and structure mineralization of the Trend. The Contact Zone mineralization is located geologically and spatially below the Trend mineralization. The Contact Zone mineralization consists of skarning with stockwork veining and occurs adjacent to intrusive stock and dykes which are exposed at surface in the southern portion of the Trend. Holes intercepting the Contact Zone also contain anomalous Pb (lead), Zn (zinc), Mo (molybdenum) and Sn (tin).
Partial drilling of the Contact Zone shows consistent intercepts of wide-spread tungsten (W03), gold (Au), copper (Cu) mineralization from near surface to depths of up to approximately 300 metres vertically. All drilling to date that has intercepted intrusive(s) has also intercepted the Contact Zone over an area of approximately 2 kilometres by 1 kilometre with estimated thicknesses ranging from 10 to 200 metres and appears to conform to the contours of the underlying intrusive. A detail model of the intrusive surface has been developed from drill data to provide a guide for further definition of the Contact Zone which is considered a "potential large bulk tonnage tungsten target" and will be segregated as part of the next resource estimation due in Q4 2012.
Holes L J DD12-76, 77, 78 80, 82, and 83 were drilled to test the Santo Nino Target approximately 1 kilometre east of the Trend''s eastern boundary. Hole 82 intercepted 18.4 metres of semi-massive sulphides grading 20.1 gpt Ag, 0.04 gpt Au and 0.43% Cu. This hole encountered an extension of the massive sulphide mineralization (Santo Nino) reported in the discovery Hole L J DD12-74 which intercepted 35.2 metres grading 52.2 gpt Ag, 0.05 gpt Au, 1.6% Cu and 0.037% WO3. The mineralization is believed to be associated with a substantial east-west structure that cross cuts the width of the Trend mineralization to the west. Holes L J DD12-77, 78, and 80 were located near the Santo Nino target but were off the target and intercepted no significant values.
Contact Zone and Santo Nino Target (W, Cu, Au)
* Silver equivalency includes silver, gold and copper and excludes lead, zinc, molybdenum, tin and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1, based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is assumed. All numbers are rounded.
All sample analyses were completed by ALS Chemex in Zacatecas, Mexico and North Vancouver, BC, Canada.
Near surface tungsten/molybdenum mineralization encountered in both the Contact Zone and the adjacent Coloradito target (see previous press releases) is similar in grade to current economic or potentially economic near surface, bulk tonnage deposits such as Thompson Creek Mine, ID (0.046 to 0.081 % Mo), Endako, BC (0.030 to 0.046 % Mo) Sisson, NB (0.031% Mo, 0.094% WO3), and El Creston, Mexico (0.071% Mo, 0.06% Cu). All references are from public company websites.
The Phase II drill program is essentially complete and was designed to test approximately 2.5 kilometres of the Trend which includes at least 8 near-vertical structures/stockwork zones, 14 near-horizontal, stacked mantos plus the Contact Zone which is adjacent to the underlying intrusive. Drilling on the southern extension of the Trend and Contact Zone has been completed and two of the three core drill rigs have been released. A reverse circulation drill is expected to commence drilling on exploratory targets in the area prior to month end. Based on Company surface mapping, sampling and historic drill hole results, the southern area is still believed to be potentially the highest grade area along the Trend. The Company is currently examining the potential for a potential near-surface, higher grade, low strip open pit as a conceptual "starter pit" that will be evaluated in a Preliminary Economic Assessment in 2013.
Core samples for holes L J DD12-90 to L J DD12-105 are currently being logged, sampled or are in the laboratory for analyzes. Assays for the next series of holes will be reported upon receipt and compilation. Several holes contain anomalous molybdenum, tungsten, tin, lead and zinc values over significant widths in the skarn. Extensive metallurgical test work is underway to examine the amenability and potential metallurgical recoveries of Ag, Au, Cu, W, Mo, Sn, Zn and Pb. Metallurgical test work results will be presented in the NI43-101 Technical Report in early 2013.
The La Joya Deposit (Main Mineralized Trend) currently has estimated Inferred Resources of:
* Silver equivalency includes silver, gold and copper and excludes lead, zinc, molybdenum and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1, based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is assumed.
** Classified by EBA, A Tetra Tech Company and conforms to NI 43-101, 43-101CP, and CIM definitions for resources. All numbers are rounded. Inferred Resources have been estimated from geological evidence and limited sampling and must be treated with a lower level of confidence than Measured and Indicated Resources.
*** Mineralization boundaries used in the interpretation of the geological model and resource estimates are based on cutoff grades of 15 gpt Ag Eq and 30 gpt Ag Eq using the metal price ratios described above.
Please refer to the January 4, 2012 news release and to the La Joya NI 43-101 Technical Report dated February 20, 2012 for further details of the Inferred Resource estimate.
The target size of the La Joya mineralization and the potential subsequent estimated resources based on the current geologic model, drilling and sampling from the Phase II 2012 program suggests the possibility of target resources that may be 50 to 100% greater than the current resources. This potential increase in quantity of resources is conceptual in nature and insufficient exploration has been completed to define with certainty a mineral resource of this size. It is uncertain that further exploration will result in the target being delineated as a mineral resource.
The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
SilverCrest Mines Inc. (TSX VENTURE:SVL)(CW5.F)(NYSE Amex:SVLC)(NYSE MKT:SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest''s flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal gold and silver producer, 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 life of the current open pit at the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine (open pit and underground) and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Published at Investorideas.com Newswire
Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Mining Stock Breaking News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Reports Q3, 2012 Financial Results

2012-11-14T07:43:00.000-08:00

VANCOUVER, BRITISH COLUMBIA - November 14, 2012 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. ( TSX.V:SVL ) ( NYSE MKT: SVLC ) is pleased to announce its financial results for the third quarter ended September 30, 2012 (all figures in U.S. dollars unless otherwise specified).
HIGHLIGHTS OF Q3, 2012 (Compared to Q3, 2011):

Cash flow from operations (1) increased 103% to $10.2 million.
Cash operating cost per silver equivalent ounce sold (2) increased 5% to $7.60.
Revenues reported per IFRS (3) rose 11% to $16.7 million on sales of 152,088 silver ounces (up 57%) and 7,923 gold ounces (up 4%).
Comprehensive earnings amounted to $2.2 million ($0.03 per share), compared to $0.01 million ($0.00 per share).
Working capital increased 22% from $21.4 million to $26.1 million.
Cash and cash equivalents were $37.9 million (at September 30, 2012).

J. Scott Drever, President stated; "We had another strong quarter with 558,185 silver equivalent ounces sold (2), for reported revenues of $16.7 million. The average cash operating cost was $7.60 per silver equivalent ounce, which is below our budget of $8.20. Our Santa Elena low cost, open pit heap leach mine operations continue to perform well, and generated cash flows of $10.2 million which will contribute to the financing of the Santa Elena Expansion plan and the development of our major polymetallic La Joya Project. Record silver production in the third quarter has enabled us to increase annual silver production guidance from 435,000 ounces to 535,000 ounces. We are on track to meet our annual production guidance of 33,500 gold ounces."
Comparison of Q3, 2012, to Q3, 2011
Comprehensive earnings were $2,213,154 ($0.03 per share basic) compared with $81,856 ($0.00 per share basic) for the same period in 2011. The increase in comprehensive earnings was largely driven by greater volumes of silver sales and an exchange gain on translation to US Dollars and partially offset by a negative marked-to-market derivative impact and recognizing income and deferred tax expense.
In the third quarter 2012, silver and gold revenues totalled $16,694,752 (2011 - $15,055,514), an 11% increase compared with the same quarter in 2011. Silver and gold revenues on a cash basis increased by 58% to $15,469,381 (2011 - $9,801,740). Gold revenues include non-cash amounts of $630,666 (2011 - $4,681,312) from adjustments to gold spot market prices related to hedge facility deliveries and $594,705 (2011 - $572,462) related to amortization of deferred revenues associated with the Sandstorm Agreement.
Silver sales were a quarterly record of 152,088 ounces (2011 - 96,631), or 57% higher than the same quarter in 2011. The average realized price received was $32 (2011 - $37). All silver production is unencumbered by hedging arrangements and sold at spot prices.

Gold sales were 7,923 ounces (2011 - 7,627) or 4% above the same quarter in 2011. The Company sold 5,422 gold ounces (2011 - Nil) at market spot realized prices of $1,707 (2011 - $Nil) per ounce. Gold delivered into the Hedging Facility was 916 ounces (2011 - 6,102) at an average realized price of $925 (2011 - $926). The non cash amount reported of $630,666 (2011 - $4,681,312) represents the difference between the market spot price at the date of delivery for gold (at an average realized price of $1,613 (2011 - $1,693) per ounce) and the hedge price of $926.50 per ounce settled. This non-cash revenue reported is required by IFRS accounting policies. Gold delivered to Sandstorm was 1,585 ounces (2011 - 1,525) at an average realized gold price of $725 (2011 - $725) for which the Company recorded revenues of $1,149,337 (2011 - $1,106,351) consisting of $554,632 (2011 - $533,889) in cash received and $594,705 (2011 - $572,462) from amortization of deferred revenue.
Cost of sales amounted to $4,239,773 (2011 - $3,652,887). Cash cost per silver equivalent ounce sold amounted to$7.60, Au:Ag 51.2:1 (2011 - $7.27, Au:Ag 53.2:1). This is a NON-IFRS Performance Measure. The main drivers in the change of cash cost per silver equivalent ounce sold are increases/decreases to operating costs, changes in volumes of metals produced and fluctuations in the silver to gold ratio.
Under IFRS the Company's derivative instruments are fair valued at the financial position date, with the resulting gain or losses included in the operating results for the period. The derivative gain (loss) relates to the incremental fair value of the MBL Hedging Facility, which represents the difference between the market spot price of gold at the quarter end and strike price of $926.50 per ounce. Loss on derivative instruments during the period amounted to $5,126,321 (2011 - $6,501,599) resulting from an 11% increase in the gold forward price at September 30, 2012, to $1,783 (2011 - $1,631) from $1,606 (2011 - $1,518) at June 30, 2012.
Exchange gain (loss) on translation to US Dollars amounted to $949,838 (2011 - ($2,138,668)) due to a significant strengthening of the Canadian dollar against the US dollar since June 30, 2012. The Company's Canadian assets were translated at US$1.00 = CAD$1.0191 at June 30, 2012 and US$1.00 = CAD$0.9837 at September 30, 2012
Comparison of Q3, 2012, to Q2, 2012
Mine operating earnings were up 9% to $11 million, as a result of increases in realized prices. Comprehensive earnings however, were down 76% to $2.2 million ($0.03 per share), from $9.2 million ($0.10 per share) primarily from a non-cash loss on derivatives, an increase in current and deferred tax expense, which was partially offset by an exchange gain on translation to US Dollars.
Operating cash flows (1) were up 42% to $10.2 million ($0.11 per share), from $7.2 million ($0.08 per share) primarily due to better realized silver and gold prices and more gold ounces sold at market prices rather than delivering into the Hedging Facility. SilverCrest chose to deliver 916 ounces into the Hedging Facility during Q3 compared with 4,209 ounces in the previous quarter. The realized prices of silver and gold spot sales were up 10% and 4%, respectively.
The financial information in this news release should be read in conjunction with the Company's unaudited condensed consolidated interim financial statements for the three and nine months ended September 30, 2012 and associated MD&A which are available on the Company's website at www.silvercrestmines.com and under the Company's profile on SEDAR at www.sedar.com .
NON-IFRS PERFORMANCE MEASURES
The discussion of financial results in this press release includes reference to cash operating cost per silver equivalent ounce sold, which is a non-IFRS performance measure. The Company uses this measure to provide additional information regarding the Company's financial results and performance. Please refer to the Company's MD&A for the three and nine months ended September 30, 2012, for a reconciliation of this measure to reported IFRS results.
N. Eric Fier, CPG, P.Eng. and Chief Operating Officer for SilverCrest Mines Inc. and Qualified Person for this news release has reviewed and approved its contents.
SilverCrest Mines Inc. (TSX-V: SVL; NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, 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. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Published at Investorideas.com Newswire
Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Mining Stock News: SilverCrest (TSX-V: SVL) (NYSE MKT: SVLC) Drilling Update for Santa Elena Mine

2012-11-13T08:28:00.000-08:00

VANCOUVER, BRITISH COLUMBIA - November 13, 2012 (Investorideas.com Mining Stocks Newswire) is pleased to announce the completion of further drilling at the Santa Elena Mine in Sonora, Mexico. The drilling of 5 core and 16 RVC holes was completed to define several objectives (see attached Figure: http://media3.marketwire.com/ docs/ svl1113-F1.jpg) in a planned 110 hole program including; 1) confirm tonnage and grade of the remaining open pit reserves for Life of Mine Plan (Holes SERCP-1A to SERCP-11V), 2) test further mineralization below the current open pit plan (Holes SERCH12-36 to SERCP-SERCP38), 3) test newly identified mineralization in the NW highwall of the open pit (Holes SE12-97 to SE12-101), and 4) re-categorize and expand current underground Resources. To date, this drill program has been successful and will assist with resource confirmation, conversion, and inclusion in the upcoming Pre-Feasibility Study for the Santa Elena Expansion Project.
Gold and silver values in the SERCP and SE series of holes range from 0.13 gpt to 8.6 gpt gold and 17.4 to 244.0 gpt silver. Mineralized intervals range from 6.0 metres to 52.0 metres. All mineralized drill intercepts are near true thicknesses for undesignated angled holes or those designated as "A", with vertical holes designated as "V" representing apparent thickness. The most significant intercepts are 52 metres grading 2.19 gpt Au and 95.5 gpt Ag (Hole SERCP-9V) and 16 metres grading 6.18 gpt Au and 103.4 gpt Ag (Hole SERCP-11A) which are apparent and true thicknesses respectively. The most significant assay results in this series of holes are shown in the following table;
All sample analyses were completed by the Santa Elena onsite laboratory with checks at ALS Chemex in Hermosillo, Mexico and North Vancouver, BC. The consistent thickness of certain intervals in a number of the holes is a result of the sampling procedures utilized in reverse circulation drilling.
In-Fill Pit holes confirmed the projection of higher grades expected to be mined in the open pit in 2013 to 2014. These holes are being used to update the Life of Mine Plan and open pit reserves to be included in production budgets and the Pre-Feasibility Study for the Expansion Plan.

Holes drilled in Santa Elena U/G South show increased potential for new underground resources below the pit and are being incorporated into the new resource model and Expansion PFS. Further drilling is anticipated in 2013.
Santa Elena NW holes SE12-97 to SE12-99 intercepted high grade values over 1 to 4 metres wide. These intercepts along with in-pit ore control holes in the NW wall of the pit suggest a possible new underground target. Holes SE12-100 and 101 were drilled on separate targets but did not intercept significant mineralization. Further drilling is anticipated in 2013.
Sixty six holes have been completed to date for underground resource conversion to reserves and expansion. Results of these holes will be released once compilation of results is complete. Three drills are currently on site to complete drilling by the end of 2012. Revised Santa Elena Resources and Reserves are expected along with the PFS in Q1 2013. This program has been extended to achieve required drilling to assist with the conversion of Resources to Reserves and potentially expand known Resources.
The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
SilverCrest Mines Inc. (TSX VENTURE:SVL) (NYSE MKT:SVLC) (NYSE Amex:SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest''s flagship property is the 100%-owned Santa Elena Mine, which is located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, 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. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Published at Investorideas.com Mining stocks newswire
Disclaimer/ Disclosure: The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release ( annual news publication 9700) BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Mining Stock Investor Alert: SilverCrest (TSX-V: SVL) (NYSE MKT: SVLC) Pays Out Gold Hedge Facility; Gold and Silver Production Now Completely Unhedged

2012-11-07T07:52:00.000-08:00

VANCOUVER, BRITISH COLUMBIA - November 7, 2012 (Investorideas.com Mining Stocks Newswire) is pleased to announce that it has paid out the remaining balance of the gold hedge facility established with Macquarie Bank Limited in June, 2009 as a condition of finalizing the Project Loan Facility for the construction of the Company''s Santa Elena Mine. The Company is now a completely unhedged silver and gold producer. The original hedge facility was comprised of 55,000 ounces of gold sold forward at US$926.50 per ounce and deliveries into the hedge facility were scheduled to continue into 2014. During 2010 and 2011 the Company made scheduled deliveries of 26,000 ounces of gold into the hedge facility from gold production from the Santa Elena mine leaving a balance of 29,000 ounces of gold which the Company has settled in cash for US$ 23,254,800. This reflects an effective settlement price of US$ 1,728 per ounce of gold inclusive of all transaction costs. The payout of the hedge facility was financed with partial proceeds from the Company''s recent CAD$34.5 million bought deal, prospectus financing which closed on October 30, 2012.

J. Scott Drever, President stated: "We are pleased to have been able to take advantage of the recent correction in the gold price to eliminate the outstanding gold hedge. The early elimination of the gold hedge will substantially increase our cash flows from operations for 2013 and 2014 which in turn strengthens our balance sheet and increases our flexibility to pursue our corporate objectives for growth."
SilverCrest Mines Inc. (TSX VENTURE:SVL) (NYSE MKT:SVLC) (NYSE Amex:SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest''s flagship property is the 100%-owned Santa Elena Mine, which is located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, 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. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Published at Investorideas.com Mining stocks newswire
Disclaimer/ Disclosure: The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release ( annual news publication 9700) BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894