SilverCrest Announces Historic Las Chispas Mine Rehabilitation and Drilling; Huasabas Project Update
17 weeks 1 day ago
N. Eric Fier , CPG, P.Eng, President & CEO stated, "Las Chispas is a very exciting brownfields exploration story. The project area consists of a district size target with multiple historic surface and underground mines that reportedly produced an estimated 100 million ounces of silver and 200 thousand ounces of gold between 1880 and 1930. Reported average production grades from limited public information were approximately 15 grams per tonne (gpt) gold and 1,700 grams per tonne (gpt) silver over widths of 1 to 5 metres. Our initial underground channel sampling of exposed mineralization has shown grades up to 15.1 gpt Au and 1,340 gpt Ag over 1.3 metres. To our knowledge, all mineralized zones in the district, which include multiple epithermal veins, have not been previously drilled. The underground rehabilitation program will help further assess the potential for near surface deposits and deeper extensions of mineralization. A majority of the underground workings have been inaccessible for over 80 years, and historic records suggest several previously developed areas were not mined due to closure around 1930. The Company is well financed with over $6.5 million and the 2016 exploration expenditures are expected to be in the range of $1 to $1.2 million ."
The amazement that Britain voted for the exit from the E.U. continues with anger showing itself in Europe. It is clear that a recession is looming in the U.K. and may well do so in the E.U., while low growth in the U.S. may start to weaken further. All were so convinced that Britain would vote to remain in the E.U. that it seems no plans were made for the exit. Politicians now realize they completely misread the voters [who like politicians, were voting for their own interests - halting immigration seems to have been the main concern]. Much as politicians want to turn back, that’s not on the agenda. The scene of the world is changing and becoming more violent, poorer [at consumer level] while globally Diasporas are growing and increasing in intensity. Politicians from the U.S. to the U.K. and Europe don’t seem to have understood the implications, so creating uncertainty. This leaves the establishment trying to protect their economies at the expense of their currencies. It is this that will continue to their losing value against gold and silver.