SilverCrest Reports Additional La Joya High Grade Intercepts

SilverCrest Reports Additional La Joya High Grade Intercepts 80m of
78.8 gpt Ag, 0.31 gpt Au, 0.5% Cu (137 gpt Ag Eq(i)) 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/21/12 --
SilverCrest Mines Inc. (TSX VENTURE:SVL)(NYSE MKT:SVLC)(NYSE
Amex:SVLC) (the "Company") is pleased to announce the results of an
additional 15 holes (LJ DD12-90 to LJ DD12-104) of the Phase II drill
program at its La Joya Property in Durango, Mexico. These are the
final results for the Phase II drilling program. Phase II drilling
results reported to date have extended the Main Mineralized Trend
("Trend") beyond the area containing the current Inferred Resource of
101.9 million ounces Ag Eq.(i) (see News releases dated March 20 and
May 7, 2012 and attached Figures:
http://media3.marketwire.com/docs/svl1221_F1-2.pdf). Drilling and
surface sampling has extended the Trend to approximately 2.5
kilometres with an average width of approximately 700 metres. Please
reference our website at www.silvercrestmines.com for more
information, photos and figures on La Joya. 
Eight of the 15 holes reported in the tables and text below continued
to test the southern extension of the Trend with the remaining 7
holes focused on the delineation of the Coloradito and Santo Nino
Targets (Targets). Silver values in this series of core holes along
the Trend and Targets range from 1.9 gpt to 176.0 gpt. Silver
equivalent based values range from 14.1 gpt to 411.5 gpt Ag Eq.(i)
(0.41 oz/ton to 12.0 oz/ton Ag Eq.). Mineralized intervals range from
7.1 metres to 251.0 metres. True thicknesses of mineralized
intercepts can be approximated from cross sections of previously
announced drill holes in the respective areas. Intercepts in holes
drilled at a 45 degrees angle are at vertical depths considerably
less than implied by the core length measurements making many of the
intercepts near to surface. Intercepts in holes L J12- 92, 95, 98,
100, and 103, presented below, are examples of near surface, higher
grade mineralization that will be considered as part of a potential
starter pit. The most significant assay results for this series of
holes are shown in the following tables: 
Main Mineralized Trend (Ag, Au, Cu) 


 
----------------------------------------------------------------------------
Hole ID           From       To   Interval      Ag      Au          Ag Eq(i)
(Az, Dip)          (m)      (m)        (m)     gpt     gpt    Cu %       gpt
----------------------------------------------------------------------------
L J DD12 - 92                                                               
 (180,-45)       111.0    126.8       15.8    11.9    0.50    0.89     114.0
----------------------------------------------------------------------------
                 150.5    161.5       11.0    23.8    0.32    0.92     119.4
----------------------------------------------------------------------------
                 198.0    208.0       10.0     6.9    0.54    0.08      41.5
----------------------------------------------------------------------------
                 312.0    402.0       90.0     6.6    0.30    0.20      38.3
----------------------------------------------------------------------------
L J DD12 - 95                                                               
 (0, -45)         44.0     76.0       32.0    29.4    0.08    0.22      52.0
----------------------------------------------------------------------------
                 174.4    206.8       32.4    17.5    0.12    0.07      29.2
----------------------------------------------------------------------------
                 273.0    286.5       13.5    75.9    0.16    0.47     124.1
----------------------------------------------------------------------------
                 318.5    338.0       19.5     7.1    0.37    0.07      31.7
----------------------------------------------------------------------------
                 406.6    429.4       22.8    20.3    0.19    0.09      38.0
----------------------------------------------------------------------------
L J DD12 - 98                                                               
 (0, -45)         60.0     93.5       33.5    51.7    0.83    0.34     122.8
----------------------------------------------------------------------------
                 125.5    135.5       10.0    25.2    0.13    0.03      34.2
----------------------------------------------------------------------------
L J DD12 - 100                                                              
 (0, -45)         78.6    124.0       45.4    16.2    0.44    0.04      41.9
----------------------------------------------------------------------------
                 168.0    248.0       80.0    78.8    0.31    0.50     137.2
----------------------------------------------------------------------------
      includes   175.4    206.7       31.3   176.0    0.06    1.10     273.9
----------------------------------------------------------------------------
                 299.5    308.0        8.5    16.4    0.40    0.11      45.8
----------------------------------------------------------------------------
                 400.0    425.5       25.5    22.0    0.04    0.14      35.8
----------------------------------------------------------------------------
L J DD12 - 101                                                              
 (180, -45)       18.0     64.0       46.0    10.9    0.22    0.07      28.1
----------------------------------------------------------------------------
                 161.0    211.0       50.0     6.1    0.46    0.10      37.5
----------------------------------------------------------------------------
                 239.0    256.0       17.0    12.8    0.13    0.14      31.6
----------------------------------------------------------------------------
L J DD12 - 102                                                              
 (0, -45)         20.0     27.6        7.6    16.4    0.11    0.15      35.0
----------------------------------------------------------------------------
                 228.5    250.0       21.5    20.5    0.19    0.14      42.6
----------------------------------------------------------------------------
                 342.0    354.0       12.0    44.2    0.83    0.29     110.6
----------------------------------------------------------------------------
                 380.0    394.0       14.0    11.8    0.54    0.17      53.4
----------------------------------------------------------------------------
                   463    475.8       12.8    16.3    0.14    0.14      35.5
----------------------------------------------------------------------------
                 542.9    550.0        7.1    85.4    0.19    0.19     111.6
----------------------------------------------------------------------------
L J DD12 -103                                                               
 (0,-45)          32.0     70.0       38.0     9.6    2.88    0.06     158.3
----------------------------------------------------------------------------
      includes    47.7     58.0       10.3     7.8    8.51    0.01     433.9
----------------------------------------------------------------------------
                 134.0    288.3      154.3    28.1    0.19    0.22      56.8
----------------------------------------------------------------------------
      includes   269.0    288.3       19.3   118.3    0.45    0.98     224.6
----------------------------------------------------------------------------
L J DD12 -104                                                               
 (0,-45)          61.5    145.0       83.5    21.0    0.26    0.12     44.74
----------------------------------------------------------------------------
      includes    69.3     79.8       10.5    59.7    0.06    0.51     107.2
----------------------------------------------------------------------------
                 200.2    229.2       29.0    26.5    0.03    0.15      40.5
----------------------------------------------------------------------------
                 302.5    395.0       91.0    22.7    0.10    0.14      40.2
----------------------------------------------------------------------------
      includes   307.8    322.0       14.2    49.1    0.27    0.53     108.3
----------------------------------------------------------------------------
                                                                            
(i) Silver equivalency includes silver, gold and copper and excludes lead,  
 zinc, molybdenum, tin and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1,   
 based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz 
 gold, US$3/lb copper. 100% metallurgical recovery is assumed. All numbers  
 are rounded. Silver Equivalent grades may be converted to ounces per ton by
 dividing the Ag Eq values by 34.285.                                       

 
All sample analyses presented in this news release were completed by
ALS Chemex in Zacatecas, Mexico and North Vancouver, BC, Canada.
Holes L J DD12-90, 93, and 99 showed no significant mineralization. 
Coloradito Target (W, Mo, Cu, Au, Ag) 
Four additional holes were drilled on the near-surface portion of the
Coloradito Target which is located approximately one kilometre west
of the Trend. The Coloradito Target mineralization consists of
skarning with stockwork veining and occurs adjacent to intrusive
stock and dykes which are exposed at surface. Holes intercepting the
Coloradito Target also contain anomalous Pb (lead), Zn (zinc), and Sn
(tin).  
Partial drilling of the Coloradito Target shows consistent intercepts
of wide-spread tungsten (W03), molybdenum (Mo), gold (Au), and silver
(Ag) mineralization from near surface to depths up to approximately
250 metres vertically. Drilling to date has identified an area of
approximately 600 metre long, 200 metres wide and at least 250 metres
deep starting at surface. A detail model of the Coloradito Target is
being developed from drill data to provide a guide for further
definition of this target which is considered a "potential large bulk
tonnage tungsten-molybdenum target" and will be segregated as part of
the next resource estimation. The summary of the resource revision is
expected to be announced in the next several weeks with the
subsequent NI 43-101 Technical Report to follow within 45 days.  
Coloradito and Santo Nino Targets (W, Mo, Cu, Au, Ag) 


 
----------------------------------------------------------------------------
                                                                          Ag
Hole ID        From     To Interval     Ag     Au                     Eq (i)
(Az, Dip)       (m)    (m)      (m)    gpt    gpt  Cu %   Mo %  WO3 %    gpt
----------------------------------------------------------------------------
Coloradito                                                                  
----------------------------------------------------------------------------
  L J DD12 -                                                                
   91 (0,                                                                   
   -50)         9.6  198.0    188.4    7.9   0.08  0.02  0.042  0.074   13.7
----------------------------------------------------------------------------
    includes   71.0   97.0     26.0   17.0   0.22  0.02  0.080  0.105   30.1
----------------------------------------------------------------------------
  L J DD12 -                                                                
   94 (0,-                                                                  
   50)          0.0  251.0    251.0    6.1   0.08  0.04  0.013  0.064   13.8
----------------------------------------------------------------------------
    includes  168.0  251.0     83.0   10.9   0.10  0.02  0.017  0.101   17.1
----------------------------------------------------------------------------
  L J DD12 -                                                                
   96 (45,-                                                                 
   50)         60.0  111.0     51.0    1.9   0.24  0.02  0.002  0.013   15.5
----------------------------------------------------------------------------
Santo Nino                                                                  
----------------------------------------------------------------------------
  L J DD12 -                                                                
   97 (315,                                                                 
   -45)        53.5   98.0     44.5   15.0   0.04  0.08  0.016  0.044   23.4
----------------------------------------------------------------------------
              157.0  184.2     27.2    5.9   0.04  0.48  0.002  0.066   48.9
----------------------------------------------------------------------------
                                                                            
(i) Silver equivalency includes silver, gold and copper and excludes lead,  
 zinc, molybdenum, tin and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1,   
 based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz 
 gold, US$3/lb copper. 100% metallurgical recovery is assumed. All numbers  
 are rounded.                                                               
All sample analyses were completed by ALS Chemex in Zacatecas, Mexico and   
 North Vancouver, BC, Canada.                                               

 
Santo Nino Target (W, Mo, Cu, Au, Ag)  
Holes L J DD12-97 and 99 were drilled to further test the Santo Nino
Target approximately 1 kilometre east of the Trend's eastern
boundary. Hole 97 intercepted 27.2 metres of semi-massive sulphides
grading 5.9 gpt Ag, 0.07 gpt Au, 0.48% Cu and 0.066% WO3. This hole
encountered an extension of the massive sulphide mineralization
(Santo Nino) reported in the discovery Hole L J DD12-74 which
intercepted 35.2 metres grading 52.2 gpt Ag, 0.05 gpt Au, 1.6% Cu and
0.037% WO3. The mineralization is believed to be associated with a
substantial east-west structure that cross cuts the width of the
Trend mineralization to the west. Holes L J DD12-99 was located near
the Santo Nino target but was off the target and intercepted no
significant values. 
The Phase II drill program was designed to test approximately 2.5
kilometres of the Trend which includes at least 8 near-vertical
structures/stockwork zones, 14 near-horizontal, stacked mantos plus
the Contact Zone which is adjacent to the underlying intrusive.
Drilling on the southern extension of the Trend and Contact Zone has
been completed and two of the three core drill rigs have been
released. A reverse circulation drill is expected to commence
drilling on exploratory targets in the area in January 2013. Based on
Company surface mapping, sampling and historic drill hole results,
the southern area is still believed to be potentially the highest
grade area along the Trend. The Company is currently examining the
potential for a potential near-surface, higher grade, low strip open
pit as a conceptual "starter pit" that will be evaluated in a
Preliminary Economic Assessment in 2013.  
Phase III drill program has begun with core samples for holes L J
DD12-105 to L J DD12-107 currently being logged, sampled or are in
the laboratory for analyzes. This program has approximately 30 core
holes and will include the 20 RVC holes uncompleted in Phase II. The
next phase, planned for the first half of 2013, will further expand
resources, in-fill higher grade defined areas, and test geophysical
anomalies within the Company's concessions. Several holes contain
anomalous molybdenum, tungsten, tin, lead and zinc values over
significant widths in the skarn. Extensive metallurgical test work is
underway to examine the amenability and potential metallurgical
recoveries of Ag, Au, Cu, W, Mo, Sn, Zn and Pb. Metallurgical test
work results will be presented in the NI 43-101 Technical Report in
early 2013. 
The La Joya Deposit (Main Mineralized Trend) currently has estimated
Inferred Resources of: 


 
----------------------------------------------------------------------------
                     CUT OFF                                                
                       GRADE                                                
                     (AG EQ.      TONNES          AG          AU            
CATEGORY (ii)       (i) GPT)     (000's)         GPT         GPT        CU %
----------------------------------------------------------------------------
INFERRED (iii)            15      57,940        28.0        0.18        0.21
                ------------------------------------------------------------
                          30      35,500        39.0        0.22        0.30
----------------------------------------------------------------------------
                                                                            
 
----------------------------------------------------------------------------
                                                                   CONTAINED
                      CONTAINED      CONTAINED      CONTAINED         AG EQ.
                          AG OZ          AU OZ         CU LBS          OZ(i)
CATEGORY (ii)           (000's)        (000's)        (000's)        (000's)
----------------------------------------------------------------------------
INFERRED (iii)           51,348          333.4        270,296        101,918
                ------------------------------------------------------------
                         44,300          246.0        237,500         86,400
----------------------------------------------------------------------------
                                                                            
(i) Silver equivalency includes silver, gold and copper and excludes lead,  
 zinc, molybdenum and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1, based  
 on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, 
 US$3/lb copper. 100% metallurgical recovery is assumed.                    
(ii) Classified by EBA, A Tetra Tech Company and conforms to NI 43-101, 43- 
 101CP, and CIM definitions for resources. All numbers are rounded. Inferred
 Resources have been estimated from geological evidence and limited sampling
 and must be treated with a lower level of confidence than Measured and     
 Indicated Resources.                                                       
(iii) Mineralization boundaries used in the interpretation of the geological
 model and resource estimates are based on cutoff grades of 15 gpt Ag Eq and
 30 gpt Ag Eq using the metal price ratios described above.                 

 
Please refer to the January 4, 2012 news release and to the La Joya
NI 43-101 Technical Report dated February 20, 2012 for further
details of the Inferred Resource estimate. 
The target size of the La Joya mineralization and the potential
subsequent estimated resources based on the current geologic model,
drilling and sampling from the Phase II 2012 program suggests the
possibility of target resources that may be 50 to 100% greater than
the current resources. This potential increase in quantity of
resources is conceptual in nature and insufficient exploration has
been completed to define with certainty a mineral resource of this
size. It is uncertain that further exploration will result in the
target being delineated as a mineral resource.  
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 VENTURE:SVL)(NYSE MKT:SVLC)(NYSE
Amex:SVLC) is a Canadian precious metals producer headquartered in
Vancouver, BC. SilverCrest's flagship property is the 100%-owned
Santa Elena Mine, located 150 km northeast of Hermosillo, near
Banamichi in the State of Sonora, Mexico. 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 life of the current open pit at the Santa Elena
Mine. A three year expansion plan is underway to double metals
production at the Santa Elena Mine (open pit and underground) and
exploration programs are rapidly advancing the definition of a large
polymetallic deposit at the La Joya property in Durango State.  
FORWARD-LOOKING STATEMENTS  
This news release contains "forward-looking statements" within the
meaning of Canadian securities legislation and the United States
Securities Litigation Reform Act of 1995. Such forward-looking
statements concern the Company's anticipated results and developments
in the Company's operations in future periods, planned exploration
and development of its properties, plans related to its business and
other matters that may occur in the future. These statements relate
to analyses and other information that are based on expectations of
future performance, including silver and gold production and planned
work programs. Statements concerning reserves and mineral resource
estimates may also constitute forward-looking statements to the
extent that they involve estimates of the mineralization that will be
encountered if the property is developed and, in the case of mineral
reserves, such statements reflect the conclusion based on certain
assumptions that the mineral deposit can be economically exploited.  
Forward-looking statements are subject to a variety of known and
unknown risks, uncertainties and other factors which could cause
actual events or results to differ from those expressed or implied by
the forward-looking statements, including, without limitation: risks
related to precious and base metal price fluctuations; risks related
to fluctuations in the currency markets (particularly the Mexican
peso, Canadian dollar and United States dollar); risks related to the
inherently dangerous activity of mining, including conditions or
events beyond our control, and operating or technical difficulties in
mineral exploration, development and mining activities; uncertainty
in the Company's ability to raise financing and fund the exploration
and development of its mineral properties; uncertainty as to actual
capital costs, operating costs, production and economic returns, and
uncertainty that development activities will result in profitable
mining operations; risks related to reserves and mineral resource
figures being estimates based on interpretations and assumptions
which may result in less mineral production under actual conditions
than is currently estimated and to diminishing quantities or grades
of mineral reserves as properties are mined; risks related to
governmental regulations and obtaining necessary licenses and
permits; risks related to the business being subject to environmental
laws and regulations which may increase costs of doing business and
restrict our operations; risks related to mineral properties being
subject to prior unregistered agreements, transfers, or claims and
other defects in title; risks relating to inadequate insurance or
inability to obtain insurance; risks related to potential litigation;
risks related to the global economy; risks related to the Company's
status as a foreign private issuer in the United States; risks
related to all of the Company's properties being located in Mexico
and El Salvador, including political, economic, social and regulatory
instability; and risks related to officers and directors becoming
associated with other natural resource companies which may give rise
to conflicts of interests. Should one or more of these risks and
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described in
the forward-looking statements. The Company's forward-looking
statements are based on beliefs, expectations and opinions of
management on the date the statements are made. For the reasons set
forth above, investors should not place undue reliance on
forward-looking statements.  
The information provided in this news release is not intended to be a
comprehensive review of all matters and developments concerning the
Company. It should be read in conjunction with all other disclosure
documents of the Company. The information contained herein is not a
substitute for detailed investigation or analysis. No securities
commission or regulatory authority has reviewed the accuracy or
adequacy of the information presented. 
J. Scott Drever, President       
SILVERCREST MINES INC. 
Neither TSX Venture Exchange nor its Regulation Services Provider (as
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. 
Contacts:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108 or Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
 
 
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