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07.04.2014
SilverCrest Updates Santa Elena Mine Expansion Plan

 

SilverCrest Updates Santa Elena Mine Expansion Plan

 

NYSE MKT: SVLC; TSX: SVL
For Immediate Release

 

VANCOUVER, BC - April 7, 2014 – SilverCrest Mines Inc. (the “Company”) is pleased to provide an update on activities for the expansion of the Santa Elena Mine in Sonora, Mexico. The Santa Elena Mine expansion is on budget (+/-5%) with initial start up of the new 3000 tpd operation anticipated later this month. The most significant activities are outlined below. For additional information and to view photos and videos, please visit the Company’s website at www.silvercrestmines.com.

 

N. Eric Fier, President and COO stated; “We are pleased with the final stages of the Santa Elena Expansion Plan which will significantly increase our precious metal production starting in mid-2014. Previous delay in delivery of the ball mill has pushed back our original Q1 start up to early Q2 while remaining on budget. The start up of the mill this month will be a major milestone for SilverCrest. The Company continues to grow as a low cost junior operator transitioning into a successful mid-tier precious metal producer. As part of a revised start up schedule we have elected to discontinue open pit operations and accelerate underground operations. These operational changes may have some impact on Q2 production but no change to the previously announced 2014 corporate production guidance of 3.3 to 3.6 million ounces AgEq (60:1).

 

Santa Elena Expansion Plan