Mr. Eric Fier reports
SILVERCREST APPOINTS PIERRE BEAUDOIN AS COO
Silvercrest Metals Inc. has appointedPierre Beaudoin as chief operating officer for the company. Mr. Beaudoinwill dedicate his full attention to the development of the Las Chispas property, and, as such, he will be stepping down from the Silvercrest board in December.
Mr. Beaudoin is a precious metal mining executive with more than 30 years ofexperience in diversified mining, mineral processing, design, mine construction and start-up. He recently led the construction, start-up and operation of the Detour Lake mine, currently Canada's largest gold operation. Mr. Beaudoin previously led valuation studies for several of Barrick's large assets (Chile, Africa and the United States). Mr. Beaudoin started his career as a mineral processing professional and has spent more than 20 years working in processing plants in Canada, Australia, Chile, Peru and the United States.
N. Eric Fier, CPG, PEng, and chief executive officer, remarked: "With our continued success at Las Chispas, we are excited to add the necessary people and skill sets to complement our highly experienced and dedicated team.We welcome Pierre's contribution as we move towards breaking ground on the new decline into the Area 51 zone (Babicanora vein). Also, Pierre will be supervising preparation of the preliminary economic assessment, targeted for completion in Q1 of 2019.This will allow our exploration team to focus on the ongoing expansion and infill drilling program for an updated resource estimate and resource recategorization. We are excited to have Pierre join the team as COO to help manage this critical period of development for the company, and we also thank him for his contributions at the board level."
The company has granted stock options under its stock option plan to Mr. Beaudoin for the purchase of 200,000 common shares at an exercise price of $3.30 per common share for a term of five years expiring Nov. 13, 2023. The stock options vest as to 25 per cent on each of Feb. 13, 2019, May 13, 2019, Aug. 13, 2019, and Nov. 13, 2019, and are subject to necessary regulatory approvals.
About Silvercrest Metals Inc.
Silvercrest is a Canadian precious metal exploration company headquartered in Vancouver, B.C., that is focused on new discoveries, value-added acquisitions and targeting production in Mexico's historical precious metal districts. The company's current focus is on the high-grade, historic Las Chispas mining district in Sonora, Mexico.
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