NYSEAM:SVLC - Post by User
Comment by
greener12345on Aug 27, 2012 6:54pm
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Post# 20266432
cannacord today
cannacord today
DP: Now we have certainly seen one of your favorite sto- ries, SilverCrest Mines bounce back smartly in the last few weeks. What next for that company?
NC: The next thing we are going to see from SilverCrest is that they are going to put out another set of drill results from their La Joya project. We are expecting this next set to be focused in the southern extension of the main min- eralized trend. And that is an area that the company be- lieves is potentially higher grade with wider zones of min- eralization. Now you can’t assume that there are going to be better results than we’ve seen in the past – we will have to see what the results are when they come out. But certainly the results that company has put out to date has suggested that this is going to become a much larger, relatively low grade project in Mexico.
So after we get these results we are also going to see an updated resource estimate for the La Joya project that will be out over the next couple of months. We are expecting to see the resource possibly to double to around 200 mil- lion ounces in silver equivalent. We are also going to see a mine plan for the Santa Elena mine which will include the expansion and we will probably see some announce- ments on the progress at the mine as the company exe- cutes on that expansion.