Mineral Resources
| SilverCrest’s Las Chispas Resource Summary – September 2018 | |||||||
| Resource Category(¹) | Tonnes (M) |
Au gpt |
Ag gpt |
AgEq(2 gpt |
Contained Au Ounces |
Contained Ag Ounces |
Contained AgEq(2) Ounces |
| February 2018 Resource | 3.4 | 3.63 | 296.0 | 568 | 401,600 | 32,675,600 | 62,826,100 |
| Includes* | 1.0 | 7.43 | 469.0 | 1,026 | 231,000 | 14,581,000 | 32,247,000 |
| September 2018 Resource | 4.3 | 3.68 | 347.0 | 623 | 511,500 | 48,298,700 | 86,701,200 |
| Includes** | 1.6 | 6.97 | 568.5 | 1,091 | 359,900 | 29,343,600 | 56,333,400 |
| Inferred Resource Summary By Vein – September 2018 | |||||||
| Vein(6) | Tonnes | Au gpt |
Ag gpt |
AgEq(2) gpt |
Contained Au Ounces |
Contained Ag Ounces |
Contained AgEq(2) Ounces |
| Babicanora(4) | 1,931,200 | 5.06 | 447.2 | 826 | 314,100 | 27,763,700 | 51,318,800 |
| Includes Area 51 | 1,116,800 | 7.13 | 613.8 | 1,148 | 256,000 | 22,040,000 | 41,238,100 |
| Babicanora Norte | 488,800 | 6.61 | 464.8 | 961 | 103,900 | 7,303,600 | 15,095,300 |
| Granaditas | 95,100 | 2.46 | 220.9 | 405 | 7,500 | 675,100 | 1,239,200 |
| Las Chispas | 171,000 | 2.39 | 340.0 | 520 | 13,000 | 1,869,500 | 2,861,000 |
| Giovanni(4)(5) | 686,600 | 1.47 | 238.7 | 349 | 32,500 | 5,269,000 | 7,699,800 |
| William Tell(5) | 595,000 | 1.32 | 185.0 | 284 | 25,000 | 3,543,000 | 5,438,000 |
| Luigi | 186,200 | 1.32 | 202.1 | 301 | 7,900 | 1,210,200 | 1,803,000 |
| Historic Dumps(5) | 174,500 | 1.38 | 119.0 | 222 | 7,600 | 664,600 | 1,246,100 |
Notes:
* Area 51 zone only in maiden resource.
**Combination of Area 51 zone and adjacent Babicanora Norte Vein resource estimation.
- Conforms to NI 43-101, Companion Policy 43-101CP, and the Canadian Institution of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards on Mineral Resources and Mineral Reserves. 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.
- AgEq based on 75 (Ag):1 (Au), calculated using long-term silver and gold prices of U.S.$18.50 per ounce silver and U.S.$1,225 per ounce gold with average metallurgical recoveries of 86.6% silver and 98.9% gold.
- All numbers are rounded.
- Babicanora resource includes the Babicanora Vein with Area 51 zone and Babicanora Footwall Vein. Giovanni resource includes the Gio-mini and the La Blanquita veins.
- Resource estimations for the Las Chispas and William Tell veins and the historic dumps are unchanged from the Maiden Resource.
- Vein resource is reported using a 150 gpt AgEq cut-off grade and minimum 1.5 m true width (approximate), and surface stockpile resource is reported using a 100 gpt AgEq cut-off.
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