Silver mine expansion in Mexico


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Silver mine expansion in Mexico

-- Posted Tuesday, 13 March 2012 | | Disqus

BNN talks to Scott Drever, CEO, SilverCrest Mines, about the company's plans to double production at the Santa Elena silver mine in Sonora state, Mexico.

See the Video here: http://vod.bnn.ca/Video/632809

SilverCrest Mines Inc. (TSX VENTURE:SVL)(OTCQX:STVZF) is a Mexican precious metals producer with headquarters based 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.

-- Posted Tuesday, 13 March 2012 | Digg This Article

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