Mineral Resources

SilverCrest’s Las Chispas Resource Summary – Effective February 12, 2018 (as amended)
Resource Category(1) Tonnes Au
gpt
Ag
gpt
AgEq gpt Contained Gold Ounces Contained Silver Ounces Contained AgEq(2) Ounces
Inferred(3)(5)(6) 3,443,500 3.63 296 568 401,600 32,675,600 62,826,100
Inferred Resource Summary By Vein
Vein Average True Width Tonnes Au
gpt
Ag
gpt
AgEq gpt Contained Gold Ounces Contained Silver Ounces Contained AgEq(2) Ounces
Babicanora 3.2 1,894,000 5.41 361 766 329,000 21,952,000 46,641,000
 Includes Area 51 2.7 967,000 7.43 469 1,026 231,000 14,581,000 32,247,000
Las Chispas 3.0 171,000 2.39 340 520 13,000 1,874,000 2,861,000
Giovanni 2.0 607,000 1.37 237 340 27,000 4,633,000 6,641,000
William Tell 1.5 595,000 1.32 185 284 25,000 3,543,000 5,438,000
Historic Dumps(4) n/a  174,500 1.38 119 222 7,600 664,600 1,246,100
  1. Conforms to NI 43-101, Companion Policy 43-101CP, and the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards for 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 US$18.50 per ounce silver and US$1,225 per ounce gold with average metallurgical recoveries of 86.6% silver and 98.9% gold.
  3. Previously reported in February 26 News Release as 3,415,000 tonnes grading 3.66 Au and 297 Ag gpt, or 572 AgEq and contained 402,000 ounces gold and 32,650,000 ounces silver, or 62,800,000 ounces AgEq;
  4. Previously reported in February 26 News Release as 148,000 tonnes grading 1.60 Au and 136 Ag, or 256 AgEq and contained 7,000 ounces gold and 648,000 ounces silver, or 1,219,000 ounces AgEq.
  5. All numbers are rounded.  Overall numbers may not be exact due to rounding.
  6. In situ vein resource is reported using a 150 gpt AgEq cut-off grade and minimum 1.5 m minimum true width, and surface stockpile resource is reported using a 100 gpt AgEq cut-off.
  7. There are no known legal, political, environmental, or other risks that could materially affect the potential development of the mineral resources.

Refer to Technical Report and Mineral Estimate for the Las Chispas Property Sonora, Mexico, dated May 9, 2018, with effective date February 12, 2018

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