SilverCrest to resume Las Chispas operations

Las Chispas Underground - Image courtesy of Silvercrest Metals Inc.

SilverCrest Metals (TSX: SIL, NYSE: SILV) announced on Tuesday that it will resume exploration and development work at its Las Chispas gold-silver project in Sonora, Mexico by mid-May following a temporary suspension due to national covid-19 containment protocols.

The company has also reported in-fill and expansion drill results for the Babi Vista Vein at Las Chispas, highlighting hole BV19-39, which intersected 1.8 metres (estimated true width) grading 78.83 gpt Au and 5,235.4 gpt Ag, or 11,148 gpt gold equivalent.

"The Babi Vista Vein continues to add value to Las Chispas as we in-fill drill for resource conversion and expansion of additional high-grade silver-gold mineralization," CEO N. Eric Fier said in the media release.

Midday Tuesday, SilverCrest's stock was up 1% on the TSX. The company has a C$1.28 billion market capitalization.