SilverCrest Mines Inc. (SVL) is being positioned as a "pure silver" exploration and development company with a portfolio of high grade silver deposits located in Honduras. The Company's longer term initiative is to acquire, develop and operate high grade silver mines throughout North, Central and South America. Primary targets will be silver projects that require management and operating expertise as well as additional capital to achieve accelerated development and early production.

Mexican Subsidiary: Nusantara de Mexico S.A. de C.V.

SilverCrest Mines Inc.   SVL   (TSVX)

Silver Angel Project, Sonora. SilverCrest has a 100% interest in 10,300 hectares located in the northern Sierra Madre Range in the State of Sonora, Mexico. The Silver Angel Concession contains an area of intense alteration that is approximately 8 kilometers long by 3 kilometers wide with structural features that host seven past producing, high grade silver-gold mines.  An initial work program in early 2004 included a total of 121 soil samples, collected on a 100m spaced grid covering an area of approximately one kilometer square. A total of 95 surface rock chip samples were collected during surface mapping. Approximately 600 meters of underground workings were surveyed, mapped and sampled. This program has defined specific locations for an initial drill program.   The major structural features, with significant intersecting northwest and northeast trending fault systems will provide the basis for more regional exploration within the concession and should provide additional priority areas within the broader zone of intense alteration.  The extensive nature of the alteration, the intensity of the quartz-limonite stockwork, the potential magnitude of the favorable host rock and the established presence of economic grade silver mineralization makes the Silver Angel Concession a high priority on the company’s list of exploration

 

wwwInfo 29Sep04