SilverCrest Appoints Vice President, Exploration
November 10 2011 - 5:28PM
Marketwired
SilverCrest Mines Inc. (the "Company") (TSX
VENTURE:SVL)(OTCQX:STVZF)(PINK SHEETS:STVZF) is pleased to announce
the appointment of Mr. Jed Thomas to the newly created position of
Vice President, Exploration. Mr. Thomas will be based in Vancouver,
BC, and will report to N. Eric Fier, CPG, P.Eng, Chief Operating
Officer of SilverCrest.
Mr. Thomas has a B.S. in Geology from the University of
Colorado, Boulder, and a M.S. in Economic Geology from the
University of Montana, Missoula. Mr. Thomas has more than 25 years
of mineral exploration and resource evaluation experience. He has
led exploration programs and technical reviews for investment funds
(Pacific, Hartford) and major mining firms (Newmont Mining Corp.,
Hecla Mining Co., Coeur de'Alene Mines Corp) on a variety of gold,
copper, and silver projects, primarily focused on Mexico and South
America. Mr. Thomas was previously Vice President, Development for
Sage Resources LLC and JTL Capital. Mr. Thomas is a Qualified
Person (QP) as defined by NI 43-101 standards for reporting and has
been responsible for resource estimations, defining specific
targets of interest as well as completing numerous compliant
reviews on geologic controls, resource variability, and development
costs in Central Asia, USA, and South America.
N. Eric Fier, Chief Operating Officer of the Company, commented:
"We are delighted to have Mr. Thomas as part of our aggressive and
experienced team as SilverCrest moves forward with its plans for
growth. I look forward to working closely with Jed as we continue
to have success at our La Joya property and advancing our plans for
production expansion at Santa Elena."
SilverCrest Mines Inc. (TSX VENTURE:SVL) is a Mexican precious
metals producer with headquarters based in Vancouver, BC.
SilverCrest's flagship property is the 100%-owned Santa Elena Mine,
which is located 150 kilometres northeast of Hermosillo, near
Banamichi in the State of Sonora, Mexico. The mine is a high-grade,
epithermal gold and silver producer, with an estimated life of mine
cash cost of less than US$375 per ounce of gold equivalent.
SilverCrest anticipates that the 2,500 tonnes per day facility will
produce approximately 35,000 ounces of gold and 600,000 ounces of
silver per full year of production from the initial open-pit heap
leach operation.
The Qualified Person under National Instrument (NI 43-101)
Standards of Disclosure for Mineral Projects for this News Release
is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for
SilverCrest Mines Inc., who has reviewed and approved its
contents.
This news release contains forward-looking statements, which
address future events and conditions, which are subject to various
risks and uncertainties. The Company's actual results, programs and
financial position could differ materially from those anticipated
in such forward-looking statements as a result of numerous factors,
some of which may be beyond the Company's control. These factors
include: the availability of funds; the timing and content of work
programs; results of exploration activities and development of
mineral properties, the interpretation of drilling results and
other geological data, the uncertainties of resource and reserve
estimations, receipt and security of mineral property titles;
project cost overruns or unanticipated costs and expenses,
fluctuations in metal prices; currency fluctuations; and general
market and industry conditions. Forward-looking statements are
based on the expectations and opinions of the Company's management
on the date the statements are made. The assumptions used in the
preparation of such statements, although considered reasonable at
the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking
statements.
J. Scott Drever, President
SILVERCREST MINES INC.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
Contacts: SilverCrest Mines Inc. Fred Cooper (604) 694-1730 ext.
108 or Toll Free: 1-866-691-173 (604) 694-1761
(FAX)info@silvercrestmines.comwww.silvercrestmines.com
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