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Investorideas.com, a leader in top sectors including mining and precious metals stocks, issues an exclusive podcast interview and video alert for SilverCrest Metals Inc (TSXV: SIL.V; NYSE American: SILV). InvestorIdeas interviews N. Eric Fier, CPG, P.Eng, President and CEO after VRIC about recent drill results, Silver Market outlook and updates from the company

SilverCrest Metals Inc. (TSXV: SIL.V; NYSE American: SILV) is entering 2019 with promising drill results and a recently completed strategic private placement investment. N. Eric Fier, CPG, P.Eng, President and CEO of the company predicts a better year for the silver market more broadly.

“I think we’re going to exit 2019 much better off than how we’re entering right now”, he said.

Fier said that even though one can’t always identify a market bottom, he has a good track record with silver and thinks the worst has already been weathered.

“We’re seven years out now, I think, in a down-cycle for silver,” he said. “You can never peg the bottom hair, it sneaks up on you and then a year or two later you say “Oh we’re in a bull cycle”. A year ago I said there was going to more pain and there was, and I see less pain moving forward to the precious metals market. And by fall I think, then you’ll start getting a glimpse of some opportunities…”

SilverCrest recently published the high-grade results from their flagship Las Chispas property in Sonora, Mexico, which included a record drill hole intercept. An excerpt reads:

The 20 reported in-fill holes in this release were targeting mineralization in the high-grade Area 51 zone (13 holes), Babicanora Central zone (7 holes), and Babicanora Footwall and Hangingwall veins which were drilled while targeting other zones. Combined with the 19 in-fill drill results previously reported on November 1, 2018 and December 13, 2018, the in-fill drilling program has returned very positive results. A total of 39 in-fill holes have been completed with 28 holes in the Area 51 zone. The weighted average (true width, uncut, undiluted) of the 28 in-fill holes from Area 51 is 3.9 metres grading 11.36 gpt gold and 1,064.1 gpt silver, or 1,915 gpt silver equivalent. For comparison, in the September 13, 2018 resource estimate, Area 51 had an estimated weighted average true width of 2.7 metres, grading 7.13 gpt gold and 614 gpt silver or 1,148 gpt AgEq. Hole BA18-122 intersected and expanded high-grade mineralization in Area 51's "Shoot 43" returning an impressive 9.3-metre wide intercept grading 6,336 gpt AgEq compared to previously modelled narrower mineralization in this area, which had averaged 3 metres in true width.

The record drill hole intercept revealed by these results was Hole BA18-122, which intersected 9.3 metres (estimated true width) grading 39.66 gpt Au and 3,361.0 gpt Ag, or 6,336 gpt AgEq (84.5 gpt AuEq). But zooming out on the whole operation, Fier said:

“There’s now over 170 drill hole intercepts that are greater than one kilo of silver equivalent. And you start tying all of that together, again, one of the top highest grade silver-gold deposits in the world.”



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