Silvercrest Mines Inc (SVL)

[canucklehead80]

Auguries - March 3, 2013
Virtual Reality
Kevin Michael Grace

Gold was down (at press time) $3.60 (-0.2%) for the week to $1,575.70, and silver was down $0.15 (-0.5%) to $28.60. Gold made big gains earlier in the week, but these were wiped out Wednesday and Thursday. According to Reuters, “Bullion dropped as the dollar rose after US economic data including consumer spending, consumer confidence and factory activity all pointed to a pickup in economic growth. Some investors believe a better US outlook could prompt the Federal Reserve to halt its stimulus earlier than expected.”

One person who doesn’t believe that the Federal Reserve will be prompted to halt its stimulus earlier than expected is its Chairman, Bernancus Magnus. He told the Senate Banking Committee February 26, “The benefits of asset purchases and of policy accommodation more generally, are clear…. To this point, we do not see the potential costs of the increased risk-taking in some financial markets as outweighing the benefits of promoting a stronger economic recovery and more rapid job creation.”

Given that the “economic recovery” and “more rapid job creation” are both entirely putative, we can expect an end to quantitative easing the day after Black Tuesday II or whenever Jesus returns, whichever comes first.

Read the rest of this article about gold prices here: http://resourceswire.com/2013/03/auguries-22/

[canucklehead80]

Auguries - January 19, 2013
The Circle Game
Kevin Michael Grace

The Mark of the Chief: Round and round and round.
Gold was up (at press time) $11.80 (+0.7%) for the week to $1,684.60, and silver was up $1.11 (+3.6%) to $31.90. According to GoldCore, “Some investors see the recent selloff as overdone and are buying gold on the dip in anticipation of further gains in 2013…. The…higher weekly close today may embolden bulls who are expected to come back into the market.”

The big news in gold this week was the announcement that Germany is to begin repatriating its gold from Paris and New York. Ambrose Evans-Pritchard calls it a “watershed moment,” explaining that “The move marks an extraordinary breakdown in trust between leading central banks and has set off ferment among gold enthusiasts.”

For all the ferment, Germany plans to retrieve only 674 tons, with 50% of its hoard remaining in New York and London. At Seeking Alpha January 17, Tom Luongo asks why there is to be “so little” from New York and answers, “Most of the gold in the Fed’s vaults has been rehypothecated, and everyone knows it.”...

Read the rest of this article about gold prices here. http://resourceswire.com/2013/01/auguries-16/

[Pro-Life]

There are some ballsy predictions in my previous post... nobody has a crystal ball. Nobody.

[Pro-Life]

Fool.com... The Top 5 Silver Stocks for 2013
By Christopher Barker
December 31, 2012

http://www.fool.com/investing/general/2012/12/31/the-top-5-silver-stocks-for.aspx

3. SilverCrest Mines (NYSEMKT: SVLC )
From anticipated 2012 production of 2.2 million silver-equivalent ounces (SEOs), SilverCrest is reaching for a near-doubling of output within the next two years through the expansion of the company's Santa Elena mine in Mexico's Sonora state. This gold-heavy operation is in full expansion mode entering its third full year in operation , building mill capacity in advance of forthcoming production from the underground component of the resource and a nearby satellite deposit called Cruz de Mayo. With $47 million in cash and equivalents -- and strong strategic partners like 20% life-of-mine gold-stream holder Sandstorm Gold (NYSEMKT: SAND ) and 8% equity stakeholder Sprott Asset Management -- I believe SilverCrest possesses uncommon financial flexibility for a company of its scale as it looks to execute growth and exploration at Santa Elena while assessing the economics of a potential second mine at La Joya.

Weighing in with an impressive inferred resource of 51 million silver ounces with very substantial gold and copper by-products , the low-grade La Joya project in Durango state will reach an important milestone during the first half of 2013 with the release of a preliminary economic assessment. A related update to the resource estimate is a touch behind schedule, but I take that as a good sign. With recent exploration results, including a thick 80-meter interval of mineralization at above-average grades for the deposit , I suspect the company is eager to hold the revised estimate back to include more results from the 2012 drilling campaign.

Because I anticipate sustained long-term pricing strength from all three metals targeted at La Joya, I am eager to see where the economics stand on a conceptual open pit operation at La Joya based upon trailing average metal prices.

I believe this stock has the potential to double during 2013 if growth initiatives progress well and precious metal prices surge as I suspect they will. More conservatively, I'll be surprised if we close the year 2013 with anything less than a 50% advance from the current price.

[jsc52033]

where have the players in this stock moved to tia

[jsc52033]

where have the players in this stock moved to tia

[jsc52033]

has this board moved? Where are the players with this stock TIA

[canucklehead80]

Auguries - November 30, 2012
Cui bono?
Kevin Michael Grace

Gold was down (at press time) $24.10 (-1.4%) for the week to $1,727.30, and silver was up $0.10 (+0.3%) to $34.31. GoldCore reports November 29 that gold fell $22.10 yesterday in a manner that raised not a few eyebrows. “The CME Group, which operates the US COMEX gold futures market, said Wednesday’s plunge in gold was not the consequence of a ‘fat finger’ or a human error.

“One thing that we can say for certain was that there was massive, concentrated selling as the New York stock markets opened with some 35,000 lots sold which is equivalent to 3.5 million ounces and saw the price fall from $1,735 per ounce to $1,711 per ounce between 0825 and 0830 EST. One sell order alone was believed to be 24 tonnes or 770,000 troy ounces. Incredibly, there was 35% daily volume in just 60 seconds. The selling, like all peculiar, counterintuitive, sharp selloffs in recent months, was COMEX driven with COMEX contracts slammed leading to further stop-loss selling.”

Read the rest of this article about gold prices here. http://resourceswire.com/2012/11/auguries-10/

[investor15]

When Greg McCoach Picks Mining Stocks, It's Location, Location, Location

Source: Zig Lambo of The Gold Report (10/15/12)

TGR: Do you want to talk about some of the companies that you like?

GM: I divide my recommendations into exploration, development, production and permitting situations. In the first eight years, we had great success with exploration stories and a few development stories. Now I'm more oriented toward a combination in the portfolio, but looking more at companies that have cash flow. Because of the volatile nature of our markets, I'm looking at companies that can still deliver a big upside, yet have cash flow so they don't have to be constantly going back to the market to do financings, which dilutes current shareholders.

I like a company called SilverCrest Mines Inc. (SVL:TSX.V; SVLC:NYSE.MKT), located in one of the best areas of Mexico. There are certain areas of Mexico I don't like, but this is in a good area. The company is currently working through all the startup bugs, but it's banking money hand-over-fist, with over $35 million (M) cash and growing every month. It's using that cash flow to find more ounces around its mine site.

SilverCrest also made a new discovery in another location in Mexico that's looking very promising. The stock price was around $1.65/share over the summer and it's at $2.39/share now. That shows it's in a quality mining spot and is a company to watch. I think the stock will break out to a new all-time high along with silver prices. That should take SilverCrest to a $6–8/share buyout by a midtier company. I'm very bullish on SilverCrest right now.

http://www.theaureport.com/pub/na/14561

[investor15]

Profiting from Silver Mining in the Age of Resource Nationalism: Sean Rakhimov

Source: Brian Sylvester of The Gold Report (10/26/12)

"In the smaller companies, one of the companies I like a lot is SilverCrest Mines Inc. (SVL:TSX.V; SVLC:NYSE.MKT). This is a company that I've followed for a very long time and is another company that was victimized by resource nationalism. It had a major silver project in El Salvador years back, but the government wouldn't let the company develop it.

So SilverCrest came to Mexico and got back to work. Since then it made a discovery, built a mine and that mine is now in production. SilverCrest is making about $3 million (M) a month at current metal prices.

TGR: Do you think that that's fully priced into the stock?

SR: That may be fully priced into the stock. That's hard to call mainly because the price of the metal moves and that changes the bottom line on a weekly basis, or what the bottom line would be based on that price.

TGR: Are you getting the La Joya exploration potential for free with that?

SR: Absolutely. I believe that the expansion of the Santa Elena mine to go underground and to build a mill is not priced in. Granted it is at least a year away for that expansion to come on-line, but I believe the current plan is to finance that mill out of cash flow. I don't think the expansion is priced in because that would take them toward about 5 million ounce (Moz) silver production, on par with a company like Aurcana Corporation (AUN:TSX.V; AUNFF:OTCQX) that is trading something like $400–600M in market cap. Another company in that range is Fortuna Silver Mines Inc. (FSM:NYSE; FVI:TSX; FVI:BVL; F4S:FSE), although Fortuna has a base metal segment to it.

There's certainly room for growing the valuation of SilverCrest based on that expansion and because the La Joya project is going to be very big. The company already has about a 100 Moz silver equivalent, the equivalent coming half from gold and half from copper. So 75% of value is in precious metals, between silver and gold. I believe it should come out with a new resource calculation sometime this year, which I expect to significantly increase the overall resource. I believe SilverCrest is getting no value for La Joya, which is common for producing companies. They get very little value for assets that are not in production once a company is valued on a cash-flow basis. "

http://www.theaureport.com/pub/na/14646

[ResourceClipsNews]

Investors Remain Aloof Despite News from Gold & Silver Producers

Encouraging drill results and profitable production aren’t always enough to impress investors, as Claude Resources and SilverCrest Mines saw on November 27. Claude’s Saskatchewan gold assays and SilverCrest’s Mexican silver-gold-copper results each brought a slight but perceptible stock pullback.

Claude’s November 27 results came from its Santoy Gap deposit on the Seabee Gold Project, which includes two operating mines, Seabee and Santoy 8, in the La Ronge mining district of northeastern Saskatchewan. The assays show:

- 8.16 grams per tonne gold over 5.93 metres
- 5.07 g/t over 6 metres
- 3.51 g/t over 4.53 metres
- 5.03 g/t over 1.58 metres
- 4.68 g/t over 1.41 metres

True widths are estimated between 75% and 95%. A 3 g/t lower cutoff was applied, but no top cut. The deepest interval stopped at 649 metres’ depth.

These three holes extend the Santoy Gap mineralized system down dip and along strike toward Santoy 8, suggesting possible continuity, the company stated.

Results from this year’s 71-hole, 35,100-metre program will be used to update Santoy Gap’s December 2011 resource estimate, which sits at 2.32 million tonnes averaging 6.63 g/t for 495,000 ounces gold. The resource update, as well as an updated life-of-mine plan, comes due by year-end. Claude is now building an 850-metre-long exploration drift for further drilling.

The 14,400-hectare Seabee Gold Project’s five deposits come to:

- proven and probable reserves totalling 2.1 million tonnes with an average 5.37 g/t for 355,600 gold ounces
- indicated resources totalling 410,900 tonnes with an average 5.35 g/t for 70,700 ounces
- inferred resources totalling 4.19 million tonnes with an average 6.48 g/t for 873,400 ounces.

In Ontario’s Red Lake mining camp, Claude’s 4,000-hectare Madsen gold project includes four past-producing mines, along with some modern infrastructure intact. The high-grade estimate for Madsen’s four zones shows:

- indicated resources totalling 3.24 million tonnes averaging 8.93 g/t gold for 928,000 ounces gold
- inferred resources totalling 788,000 tonnes averaging 11.74 g/t for 297,000 ounces.

A 16-hole, 19,100-metre program using one surface and two underground rigs wrapped up in September. The company plans further drilling, along with a PEA study, next year.

Infrastructure includes a permitted tailings facility, 500 tpd mill and a 1,250-metre shaft.

Claude’s other northeastern Saskatchewan project, the 40,373-hectare Amisk Lake property, comes with resources that show:

- an indicated category of 30 million tonnes averaging 0.85 g/t gold and 6.17 g/t silver for 827,000 ounces gold and 5.98 million ounces silver
- an inferred category of 28.65 million tonnes averaging 0.64 g/t gold and 4.01 g/t silver for 589,000 ounces gold and 3.7 million ounces silver.

Amisk is slated for a resource update and PEA to be released next year.

Seabee’s November 27 drill results followed closely on Claude’s Q3 report, which announced a net profit of $3 million or $0.02 a share and 15,073 ounces of gold production with cash costs of $920 an ounce. The company projects increasing production and decreasing costs reaching an estimated 90,000 ounces annually at about $800 an ounce by 2017.

So how did the market react? Claude closed November 26 at $0.61, opened November 27 at $0.63, then closed at $0.59. That left the company near its 52-week low of $0.55, compared to a 52-week high of $2.04. November 27 closed on a market cap of $102.51 million.

SilverCrest also slipped slightly on November 27 drill results. Highlights from its La Joya property in Durango state, Mexico, include:
- 28.3 g/t silver, 0.09 g/t gold and 0.11% copper over 288.7 metres (including 65.6 g/t silver, 0.17 g/t gold and 0.28% copper over 25 metres) (including 75.1 g/t silver, 0.08 g/t gold and 0.27% copper over 41.8 metres) (including 48.5 g/t silver, 0.06 g/t gold and 0.18% copper over 21.9 metres)
- 135.5 g/t silver, 0.11 g/t gold and 1.14% copper over 45 metres
(including 189 g/t silver, 0.07 g/t gold and 1.52% copper over 23.2 metres)
- 53.1 g/t silver, 0.06 g/t gold and 0.63% copper over 48.8 metres
- 66.4 g/t silver, 0.31 g/t gold and 0.12% copper over 22 metres
- 28.2 g/t silver, 0.06 g/t gold and 0.19% copper over 43 metres.

True widths weren’t provided. Drilling started near surface, with the deepest interval ending at 437 metres’ depth.

Drilling and surface sampling have extended the project’s main mineralized trend to approximately 2.5 kilometres, with an average width of approximately 700 metres, the company stated. Of 15 holes reported November 27, five tested the trend’s southern extension while the other 10 delineated the project’s Contact zone and Santo Nino target. Additional drilling to explore new targets is expected this month. A 2013 PEA will consider the potential for a “starter pit,” the company stated.

La Joya’s January 2012 resource estimate shows an inferred category of:

- 57.94 million tonnes averaging 28 g/t silver, 0.18 g/t gold and 0.21% copper for 51.35 million ounces silver, 333,400 ounces gold and 270.3 million pounds copper, using a cutoff of 15 g/t silver-equivalent
- 35.5 million tonnes averaging 39 g/t silver, 0.22 g/t gold and 0.3% copper for 44.3 million ounces silver, 246,000 ounces gold and 237.5 million pounds copper, using a cutoff of 30 g/t silver-equivalent.

On November 14 SilverCrest reported Q3 comprehensive earnings of $2.2 million or $0.03 a share. Quarterly production from the company’s flagship Santa Elena project in Sonora state came to 7,184 ounces gold and 151,368 ounces silver, an 18% decrease and 42% increase respectively. Average cash costs came to $7.60 per silver-equivalent ounce, below the budgeted $8.20, the company stated.

But SilverCrest’s November 27 news failed to impress. Its stock closed November 26 and opened November 27 at $2.71, and reached a high of $2.74 before dipping to a close of $2.65. The 52-week low and high are $1.55 and $3.17. At November 27 close, SilverCrest’s market cap was $280.55 million.

[gharma]

SilverCrest Pays Out Gold Hedge Facility; Gold and Silver Production Now Completely Unhedged

IMO this is really good news for/from SVL.
It also implies they are seeing higher metals prices ahead.
http://ih.advfn.com/p.php?pid=nmona&article=54898397&symbol=TSXV:SVL

Date : 11/07/2012 @ 8:00AM

SilverCrest Mines Inc. (TSX VENTURE:SVL)(NYSE MKT:SVLC)(NYSE Amex:SVLC) (the "Company"), is pleased to announce that it has paid out the remaining balance of the gold hedge facility established with Macquarie Bank Limited in June, 2009 as a condition of finalizing the Project Loan Facility for the construction of the Company's Santa Elena Mine. The Company is now a completely unhedged silver and gold producer. The original hedge facility was comprised of 55,000 ounces of gold sold forward at US$926.50 per ounce and deliveries into the hedge facility were scheduled to continue into 2014. During 2010 and 2011 the Company made scheduled deliveries of 26,000 ounces of gold into the hedge facility from gold production from the Santa Elena mine leaving a balance of 29,000 ounces of gold which the Company has settled in cash for US$ 23,254,800. This reflects an effective settlement price of US$ 1,728 per ounce of gold inclusive of all transaction costs. The payout of the hedge facility was financed with partial proceeds from the Company's recent CAD$34.5 million bought deal, prospectus financing which closed on October 30, 2012.

J. Scott Drever, President stated: "We are pleased to have been able to take advantage of the recent correction in the gold price to eliminate the outstanding gold hedge. The early elimination of the gold hedge will substantially increase our cash flows from operations for 2013 and 2014 which in turn strengthens our balance sheet and increases our flexibility to pursue our corporate objectives for growth."

[JimLahey]

Exclusive from the Silver Summit, Al chats with Scott Drever, President and CEO of SilverCrest Mines (TSX.V:SLV). SilverCrest mines is progressing their Santa Elena Mine which is up and running producing gold and silver. Watch the video to hear all about what the company is forecasting for the rest of this year and next year.

Watch the rest of the video here

[JimLahey]

Silvercrest Video Presentation

SVL President Scott Drever presented at the 2012 Subscriber Investment Summit and the video of that presentation is up.

Click here to watch the SVL presentation.

[Suikando1422]

I tried initiating a position in this company recently, under the STVZF.PK symbol, but was unable to... are they in the process of uplisting or some such thing? I havent read any news pertaining to it, and I am curious.

[Penny Roger$]

$STVZF ~ Buy-ins ~ Naked Short List! In Charts and links! for Feb. 14th 2012 - Daily and Weekly views.







Chart results for you to ponder with me.. Certain charts may be reposted while on the Buy-ins website, Click next or previous at the top of the page to see my others.







~ Barchart: http://barchart.com/quotes/stocks/STVZF?
~ OTC Markets: http://www.otcmarkets.com/stock/STVZF/company-info
~ Google Finance: http://www.google.com/finance?q=STVZF
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=STVZF#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=STVZF+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=STVZF
Finviz: http://finviz.com/quote.ashx?t=STVZF
~ BusyStock: http://busystock.com/i.php?s=STVZF&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=STVZF&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=STVZF
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=STVZF
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=STVZF
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=STVZF
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=STVZF
~ MarketWatch: http://www.marketwatch.com/investing/stock/STVZF/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=STVZF
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=STVZF
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=STVZF&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=STVZF&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=STVZF&size=l&frequency=60&color=g


Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=STVZF&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=25&y=5
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=STVZF&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=36&y=14
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=STVZF&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=28&y=15



Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=STVZF&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=39&y=17
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=STVZF&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=35&y=12
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=STVZF&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=23&y=19




Twitter: @MACDgyver ---> STVZF <---

[bigone]

This is developing into a very nice stock.

[Pro-Life]

Scoreboard for the week: +0.45%

[bigone]

Nice news release this morning for Silvercrest. This company appears to be showing real potential.

[gharma]

But what didn't bounce yesterday, and most better, in the new producers.
The time will come as Ag rebounds and the story of resource expansion at SVL travels out to wider market . . .

[Pro-Life]

Off to a good start for 2012: +3.65%

......

[Pro-Life]

This company trades on the prestigious otcQX: STVZF

[Pro-Life]

Brand new 12/2/2011 Corporate Presentation:

http://www.silvercrestmines.com/uploadedFiles/images/Nov30-2011LAJOYAphaseII-SurfaceSamplingResultsFINAL.pdf

[Pro-Life]

Drilling results reported 11/30 were terrific:

http://www.silvercrestmines.com/uploadedFiles/images/Nov30-2011LAJOYAphaseII-SurfaceSamplingResultsFINAL.pdf

[Pro-Life]

These Q3 results reported 11/29 were strong:

http://www.silvercrestmines.com/uploadedFiles/images/2011-11-29-SVLNR-SE-FS-OPresults.pdf

[gharma]

Quite the market response with the news from La Joya Durango property today (of course a record relief/up day in general did not hurt).
http://www.silvercrestmines.com/uploadedFiles/images/Nov30-2011LAJOYAphaseII-SurfaceSamplingResultsFINAL.pdf

Yesterday's release of Q3 results must have set the mood
http://www.silvercrestmines.com/uploadedFiles/images/2011-11-29-SVLNR-SE-FS-OPresults.pdf

I have held this for some time and today is first I have seen it solidly over $2 . . .

Anyone here ?

[Penny Roger$]

Silvercrest Appoints V.P. Corporate Development for Mexico and General Manager for Santa Elena
| 12:57 PM |

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68604803

[gsfl]

SilverCrest Begins Drilling at Cruz de Mayo
Reports on Santa Elena Norte Drill Results

TSX-V SVL

For Immediate Release


Dear Subscriber,

VANCOUVER, BC – September 20, 2011 – SilverCrest Mines Inc. (the “Company”) is pleased to announce that it has begun drilling at the 100%-owned Cruz de Mayo Project located near its Santa Elena Mine in Sonora, Mexico. Drilling of approximately 45 core and RVC holes is planned to reclassify and potentially expand current NI43-101 resources. This program will be used to assist with the preparation of an ongoing Pre-Feasibility Study (PFS) for Cruz de Mayo as part of the Santa Elena Expansion Project (see attached map).

The Expansion Project contemplates the installation of a conventional milling and processing facility at the nearby Santa Elena mine. The facility will utilize mill feed from the Santa Elena open pit (Phase I), the Santa Elena underground (Phase II), and re-treatment of the material on the heap leach pads to recover residual silver and gold values (Phase IV). The Cruz de Mayo silver deposit (Phase III) is being considered for development with lower grade mineralization conceptually treated on site as a heap leach operation with the potential to ship high grade mineralization to the nearby Santa Elena proposed processing facility.For details, please refer to the Company’s filings on www.sedar.comto review of the NI43-101 “Reserve Update for the Santa Elena Open Pit and Preliminary Assessment for the Santa Elena and Cruz de Mayo Expansion Project”.

Cruz de Mayo
The Company has previously drilled 47 reverse circulation and core holes on approximately 100 to 150 metre spacing and consistently intersected silver mineralization over a strike length of approximately 1.7 kilometres. These holes have confirmed a near-surface broad silver zone averaging an estimated 20 metres in thickness with grades ranging from 30.0 gpt to 111.0 gpt silver with multiple, narrower higher grade zones ranging from 489.0 gpt to 967.0 gpt silver. Based on the work to date, current resources at Cruz de Mayo are;

CATEGORY	 TONNES	 AU GPT	 AG GPT	 CONTAINED AU OZ	 CONTAINED AG OZ 
 INDICATED*	 1,141,000	 0.06	 64.2	 2,300	 2,353,400 
 INFERRED*	 6,065,000	 0.07	 66.5	 13,300	 12,967,100

* based on a silver cut-off grade of 30 gpt as presented in the 2007 Fier and Stewart Technical Report.


The results of the current drilling program along with subsequent metallurgical and environmental baseline work will be used to finalize a Pre-Feasibility Study in preparation for a MIA (Environmental Impact Assessment) for permitting and production.

Santa Elena Expansion Project
In addition to the drill program at Cruz de Mayo that is considered part of the Expansion Project, the Company has commenced drilling the first of four geotechnical drill holes at the Santa Elena Mine to help establish the necessary parameters for the proposed decline and underground development. The portal site for the decline has been selected and Requests for Proposals are being prepared for a number of contractors to bid on Phase I underground work which will consist of approximately 1,500 metres of decline and exploration drifting. The decline will be used to access the Main (Mineralized) Zone for further delineation drilling and access the unexplored portions of the Main Zone for the potential expansion of resources. This work will be used to assist with the preparation of an ongoing PFS for the Santa Elena Expansion Project. When completed, the Phase I decline will allow development and initial production from the deposit that lies below the current operating and designed ultimate open pit.

Santa Elena Norte
Santa Elena Norte is one of several targets identified in the immediate vicinity of the Santa Elena mine to be drill tested. An initial drill program of 25 holes totalling approximately 2,900 metres has been completed on the Santa Elena Norte deposit which is located approximately 1 km north of current mining operations (see attached map). A series of shallow holes identified low grade quartz veining up to 22 metres wide measuring approximately 500 metres long by 5 to 20 metres wide by 100 metres in depth. Four deeper drill holes encountered the target but did not intercept significant mineralization. Drilling has not defined the extent of mineralization and the deposit remains open in most directions. The most significant results are stated in the following table.

Hole	 From (m)	 To (m)	 Length (m)	 Au (gpt)	   
 SEN11-01	 17.0	 22.0	 5.0	 0.13	   
 SEN11-02	 7.7	 11.0	 3.3	 0.98	   
  	 21.2	 31.35	 9.25	 0.28	   
 SEN11-06	 3.3	 17.3	 14.0	 0.27	   
 SEN11-07	 4.3	 23.5	 18.4	 0.19	   
 SEN11-08	 11.5	 32.5	 21.0	 0.32	   
 SEN11-09	 5.5	 19.0	 13.5	 0.35	   
 SEN11-11	 51.0	 59.0	 8.0	 0.34	   
 SEN11-12	 26.8	 36.2	 9.4	 0.13	   
 SEN11-15	 24.2	 27.0	 2.8	 0.16	   
 SEN11-17	 7.6	 9.0	 1.4	 0.43	  

SEN 11- 3 to 5, 10, 13, 14, 16, 18 to 25 had no significant values. Silver grades in mineralized intercepts were trace to 18 gpt. Further work at Santa Elena Norte is anticipated to test the extent of the low-grade surface and deeper mineralization.

All sample analyses were completed by the Santa Elena onsite laboratory with checks at ALS Chemex in Hermosillo, Mexico and North Vancouver, BC.

The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.

SilverCrest Mines Inc. (TSX-V: SVL) is a Mexican precious metals producer with headquarters based in Vancouver, BC. SilverCrest’s flagship property is the 100%-owned Santa Elena Mine, which is located 150km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine.


This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control. These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in metal prices; currency fluctuations; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
“J. Scott Drever”

J. Scott Drever, President

[soulaw]

SilverCrest Declares Commercial Production at Santa Elena Mine; Pours 74,678 oz of Silver and 5,476 oz of Gold in Q2 2011

http://www.theglobeandmail.com/globe-investor/news-sources/?date=20110713&archive=ccnm&slug=201107130712425001

[soulaw]

President of Silvercrest (July 05, 2011):
Yes, we have several important dates, but I
think probably the most important one is when we declare
commercial production on the Santa Elena gold and silver
mine that we’ve put into production in the last year or so
and we expect that to happen in the next week or ten days.

http://gallery.mailchimp.com/0943dabffc157ea0628e628d7/files/Stocktalk07_06_2011_SVLInterview.pdf

[soulaw]

Hopefully they will reach Commerical production status soon, that could definitely drive up the share price. As well, they are expanding Santa Elena which hopefully will increase the estimated reserve.

[12thman]

I'll volunteer to mod.

[12thman]

Nice uptrend this past month.

[12thman]

Another mining stock that's green! No surprise here...

[12thman]

Adding Silvercrest to my watchlist.

[soulaw]

http://www.marketwire.com/press-release/silvercrest-closes-300-million-bought-deal-prospectus-offering-tsx-venture-svl-1516809.htm

May 19, 2011 09:15 ET

SilverCrest Closes $30.0 Million Bought Deal Prospectus Offering


VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 19, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

SilverCrest Mines Inc. (the "Company") (TSX VENTURE:SVL)(FRANKFURT:CW5) is pleased to announce the completion of its prospectus offering announced on April 27, 2011 for total gross proceeds of CAD$30.0 million.

Scott Drever President stated: "We were happy to see such strong market support for this equity offering. The Company plans to use the net proceeds of the offering to fund the next stage of the Santa Elena Expansion Project and for general corporate purposes."

The Company issued a total of 18,750,000 common shares of the Company at a price of $1.60 per share. The offering was underwritten by Canaccord Genuity Corp. and Jennings Capital Inc. (together, the "Underwriters").

The Underwriters received a cash commission equal to 6% of the gross proceeds of the offering and 1,125,000 compensation warrants, each compensation warrant entitling the Underwriters to purchase one common share of the Company at a price of $1.60 for a term of 24 months.

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state and may not be offered or sold in the United States absent an exemption from registration.

SilverCrest Mines Inc. (TSX VENTURE:SVL) is a Mexican precious metals producer with headquarters based in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which is located 150km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent. SilverCrest anticipates that the current 2,500 tonnes per day facility will produce approximately 800,000 ounces of silver and 30,000 ounces of gold per full production year from the initial open-pit heap leach operation.

[silver100]

yes

[VBgood]

Is any one here?

[silver100]

nice chart, long and strong.

[kiwisteve]

chart @.050 ... Anyone home?



kiwi

[mhlld]

SilverCrest Updates El Zapote Feasibility Status

http://biz.yahoo.com/ccn/050504/536e2d0ab1ee50236e0496fab2b69fd8.html?.v=1

[mhlld]

Expecting drill results from initial 5 holes from the Silver Angel Project.

SilverCrest Initiates Drilling at Silver Angel Project, Mexico
http://biz.yahoo.com/bw/040930/305781_1.html

[mhlld]

Good drill results from El Zapote

SilverCrest Announces El Zapote Drill Results
http://biz.yahoo.com/bw/041013/135975_1.html

SilverCrest Announces a New Mineralized Zone at El Zapote
http://biz.yahoo.com/bw/041102/25837_1.html

[kirby49]

The choices were that or Basic Materials, or Miscellaneous. The deal for me was to get the heading right for the links to work properly through to the newly implemented quotes and charts feature. You have to put the V. in the right place as well as have the whole symbol in the right place on the header line. The problem may get solved however.

http://www.investorshub.com/boards/read_msg.asp?message_id=3498647

[investorquest]

Just discovered this subject thread by accident.
I guess the posting would be a little light as there might not be anyone looking to find a silver mining exploration company under the "Oil & Gas" list.

[kirby49]

Just a message so that I can see what categories this was placed in.