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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: pogohere2/21/2008 9:58:39 PM
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SilverCrest Updates Progress at the Santa Elena Project,

Mexico-Preliminary Feasibility Study Nearing Completion

. . .

"A high grade zone (greater than 50 gram-metres/tonne gold equivalent or 3000 gram-metres silver equivalent) within the broader Main Zone mineralization has been identified that is at least 800 metres long, approximately 150 metres in height and averages approximately 25 metres wide in recent intercepts (to view attached long section please click on the following link: media3.marketwire.com.

. . .

J. Scott Drever, president of SilverCrest, stated; "We are now very confident about the nature and minimum size of the Main Zone deposit and are becoming more confident about its mineability as the preliminary feasibility progresses. We have used a gold price of US$600 per ounce and a silver price of US$10 per ounce for our base case economics and all preliminary indications are that we potentially have the makings of a very robust project at Santa Elena.

biz.yahoo.com
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