Cruz de Mayo

The Cruz de Mayo property is located in the State of Sonora, Mexico, approximately 22 km northwest of the town of Cumpas and 163 km north east of Hermosillo. The project is located 35 km directly northeast, and approximately 150 km total distance when travelled by paved road, of the Santa Elena mine. The Cruz de Mayo Property consists of two mineral concessions, Cruz de Mayo 2 and El Gueriguito, combining for a total area of 452 hectares. The Cruz de Mayo Property was transferred to SilverCrest Metals as part of the friendly acquisition of SilverCrest Mines by First Majestic.  SilverCrest Metals has 100% ownership of the Cruz de Mayo 2 and El Gueriguito concessions through SilverCrest Metals Sub.  The El Gueriguito concession is subject to a 2.5% NSR, to a maximum of U.S.$1,000,000.  The surface rights to both concessions are held by a local rancher.  Ownership of the mineral concessions provides the legal right to exploration on the concessions, however, SilverCrest has historically notified the land owner for permission and access to the property.

A copy of a technical report entitled “Mineral Resource Estimate for the Cruz de Mayo Property, Sonora, Mexico” effective August 15, 2015, as amended September 15, 2015, prepared for SilverCrest Mines and SilverCrest Metals by Tetra Tech EBA Inc. in compliance with NI 43‑101, may be inspected at the head office of SilverCrest Metals at Suite 501, 570 Granville Street, Vancouver, British Columbia, V6C 3P1 during normal business hours.  It can also be accessed under SilverCrest Metals’ profile on SEDAR at www.sedar.com.

NI 43-101 TECHNICAL REPORT PDF

N. Eric Fier, CPG, P.Eng., President and Chief Executive Officer of the Company, is the Qualified Person under National Instrument 43-101, Standards of Disclosure for Mineral Projects, responsible for the preparation of the technical information included in this website and for supervision of field activities related to the Company projects.

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