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Message: SilverCrest Reports Final Phase II Drilling; Santa Elena Project, Mexico

SilverCrest Reports Final Phase II Drilling; Santa Elena Project, Mexico

posted on Jan 13, 2009 03:10PM

SilverCrest Reports Final Phase II Drilling; Santa Elena Project, Mexico

Total Probable Reserves 11,927,100 oz. Silver and 339,600 oz. Gold

SilverCrest Mines Inc. (the "Company") (TSX VENTURE:SVL) is pleased to report that the Phase II drilling program at the Santa Elena Project located in northern Mexico has been completed and summary results for the final series of drill holes and the overall results of exploration program are presented below.

The 17 core holes reported in the table and text below (to view attached drill plan please click on the following link: http://media3.marketwire.com/docs/Si... ) are the final holes of the Phase II drill program that was designed to up-grade and expand current gold and silver reserves and resources for the project.

The most notable intercepts of this series of holes were encountered in hole SE08-95 which intercepted 9.6 metres (31.4 feet) grading 2.32 gpt gold and 73.9 gpt silver and hole GT08-01 with 7.6 metres (24.9 feet) grading 5.22 gpt gold and 114.7 gpt silver.

http://www.marketwire.com/press-rele...

Hg



Total Inferred Resources 24,156,100 oz. Silver and 127,900 oz. Gold

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