SilverCrest Mines Inc. (the “Company”) is pleased to announce results of further drilling at the Santa Elena Mine in Sonora, Mexico. Eighty seven 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). This drill program continues to be extremely successful and several recent holes have identified multiple bonanza grade intercepts and a new high grade gold and silver zone that lies below and is sub-parallel to the Main Mineralized Zone currently being mined. All holes included in this program will assist with resource confirmation and reclassification which will be included in the upcoming Pre-Feasibility Study for the Santa Elena Expansion Project.

J. Scott Drever, President stated; “We have always been confident that the underground portion of the Santa Elena Main Mineralized Zone would prove to be larger and higher grade than was indicated by the initial drilling and our drilling to date has vindicated that confidence. In an epithermal deposit such as Santa Elena one can always expect narrow widths of high grades but to encounter 15.6 metres grading 23.9 gpt Au (0.69 opt) and 307.9 gpt Ag (9.0 opt) is truly remarkable and the discovery of the new ‘El Cholugo Zone” with similar high grades simply adds to the excitement of the increased potential. Our underground decline has progressed beyond 1,050 metres which will enable us to get access to the underground portion of the ore deposit in the next several months.”

Click here to read more.