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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Veteran98 who wrote (210636)	2/17/2012 9:47:22 AM
From: Veteran98	Respond to of 313046

SVL Canaccord Morning Coffee.... SilverCrest Mines* (SVL : TSX-V : $2.54), Net Change: 0.04, % Change: 1.60%, Volume: 144,931 Spreading La Joya! SilverCrest was spreading La Joya, moving into positive territory after announcing drill results from its Coloradito target at its La Joya property. The company reported assays results from four historic holes at its Coloradito target, adjacent to the Main Mineralized Trend. These results indicated a weighted average grade of 0.051% Mo and 0.044% WO3 plus 15.9 g/t Ag and 0.11 g/t gold. Based on surface mapping, sampling and limited historic drilling, the company suggests the presence of a near surface potentially large bulk tonnage Mo-W-Ag-Au mineralization that is approximately 500 metres long by 200 metres wide with a depth of 100-200 metres. The phase II drill program is expected to test the Coloradito target with 8-10 drill holes. Eric Fier, COO of the company, commented, "Coloradito could possibly be the next discovery at La Joya and serves to re-emphasize the growing potential of the La Joya property with a current initial Inferred Resource of over 100 million ounces silver equivalent in the Main Mineralized Trend discovered to date. The Coloradito area shows potential for a large bulk tonnage Molybdenum (Mo), Tungsten (W), Silver (Ag) and Gold (Au) system with Cu-Pb-Zn credits.” The Coloradito target is one of three targets adjacent to the Main Mineralized Trend for which the company has reported an initial Inferred Resource of +100 million ounces of Ag equivalent. SilverCrest is one of Canaccord Genuity Mining Analyst Nicholas Campbell top picks as he believes that the production and cash flow growth associated with the expansion of the Santa Elena mine (100%, Mexico) and the resource expansion potential of the La Joya project (100%, Mexico) is not reflected in the current valuation of the company.