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SilverCrest’s Las Chispas Resource Summary – September 2018
Resource Category(¹) Tonnes
(M)
Au
gpt
Ag
gpt
AgEq(2
gpt
Contained
Au Ounces
Contained
Ag Ounces
Contained
AgEq(2) Ounces
February 2018 Resource  3.4 3.63 296.0 568 401,600 32,675,600 62,826,100
  Includes* 1.0 7.43 469.0 1,026 231,000 14,581,000 32,247,000
September 2018 Resource 4.3 3.68 347.0 623 511,500 48,298,700 86,701,200
  Includes** 1.6 6.97 568.5 1,091 359,900 29,343,600 56,333,400
 
Inferred Resource Summary By Vein – September 2018
Vein(6) Tonnes Au
gpt
Ag
gpt
AgEq(2)
gpt
Contained
Au Ounces
Contained
Ag Ounces
Contained
AgEq(2) Ounces
Babicanora(4) 1,931,200 5.06 447.2 826 314,100 27,763,700 51,318,800
 Includes Area 51 1,116,800 7.13 613.8 1,148 256,000 22,040,000 41,238,100
Babicanora Norte 488,800 6.61 464.8 961 103,900 7,303,600 15,095,300
Granaditas 95,100 2.46 220.9 405 7,500 675,100 1,239,200
Las Chispas 171,000 2.39 340.0 520 13,000 1,869,500 2,861,000
Giovanni(4)(5) 686,600 1.47 238.7 349 32,500 5,269,000 7,699,800
William Tell(5) 595,000 1.32 185.0 284 25,000 3,543,000 5,438,000
Luigi 186,200 1.32 202.1 301 7,900 1,210,200 1,803,000
Historic Dumps(5) 174,500 1.38 119.0 222 7,600 664,600 1,246,100

Notes:
* Area 51 zone only in maiden resource.
**Combination of Area 51 zone and adjacent Babicanora Norte Vein resource estimation.

  1. Conforms to NI 43-101, Companion Policy 43-101CP, and the Canadian Institution of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards on Mineral Resources and Mineral Reserves. Inferred Resources have been estimated from geological evidence and limited sampling and must be treated with a lower level of confidence than Measured and Indicated Resources.
  2. AgEq based on 75 (Ag):1 (Au), calculated using long-term silver and gold prices of U.S.$18.50 per ounce silver and U.S.$1,225 per ounce gold with average metallurgical recoveries of 86.6% silver and 98.9% gold.
  3. All numbers are rounded.
  4. Babicanora resource includes the Babicanora Vein with Area 51 zone and Babicanora Footwall Vein. Giovanni resource includes the Gio-mini and the La Blanquita veins.
  5. Resource estimations for the Las Chispas and William Tell veins and the historic dumps are unchanged from the Maiden Resource.  
  6. Vein resource is reported using a 150 gpt AgEq cut-off grade and minimum 1.5 m true width (approximate), and surface stockpile resource is reported using a 100 gpt AgEq cut-off.

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