SilverCrest Mines doubles strike length at La Joya

Vancouver-based SilverCrest Mines (CVE:SVL) announced Monday further results from the phase one drilling program at its La Joya silver property in Mexico, doubling the strike length of mineralization to around 700 metres.
The company completed 20 core holes of the planned 25 hole, 4,300 metre program, which continued to confirm the continuity of the shallow dipping mineralized structures, it said. SilverCrest previously announced the results from the first ten holes, with the remaining holes reported today.
Highlights include 239.2 g/t silver equivalent over 5.5 metres in hole LJ 11-11; 92.6 g/t silver equivalent over 10.0 metres in hole LJ 11-16; 211.2 g/t silver equivalent over 35 metres in hole LJ 11-17, including 598 g/t silver equivalent over 8.0 metres and 3,244.0 g/t silver equivalent over 0.6 metres.
In addition to silver, copper and gold, anomalous lead and zince grades were intercepted in several holes, the company said.
The La Joya property is located approximately 75 kilometres southeast of the city of Durango, Mexico. The region is currently home to several mining operations including Grupo Mexico's San Martin Mine, Pan American Silver's La Colorada Mine and First Majestic Silver's La Parrilla Silver Mine.
The expanded 25 hole drill program is expected to test approximately one kilometre of the exposed two kilometre strike length of the mineralized system at the project. Phase one drilling is anticipated to be completed this month, after which an initial resource estimate will be calculated.
SilverCrest's flagship property is the Santa Elena Mine, which is located near Banamichi in the State of Sonora. The mine is a high-grade gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent.
The company anticipates that the 2,500 tonnes per day facility should produce an average of approximately 800,000 ounces of silver and 30,000 ounces of gold per year.