SilverCrest Expands Santa Elena Deposit; More High Grade

SilverCrest Expands Santa Elena Deposit; More High Grade Intercepts
13m @ 1.6 gpt Au and 324.8 gpt Ag Including  1m @ 5.1 Au and 2,840
gpt Ag 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/14/13 --
SilverCrest Mines Inc. (TSX VENTURE:SVL)(NYSE MKT:SVLC)(NYSE
Amex:SVLC) (the "Company") is pleased to announce results of further
drilling at the Santa Elena Mine in Sonora, Mexico. Ninety four holes
of a planned 100 holes have been completed to help re-categorize
Indicated and Inferred Resources to Probable Reserves and expand
current underground Resources (see attached Figure -
http://media3.marketwire.com/docs/svl114-F1.jpg). This drill program
continues to be extremely successful with several recent holes
identifying multiple bonanza grade intercepts and the new El Cholugo
high grade gold and silver zone. All holes included in this program
will assist with Resource confirmation and reclassification to be
included in the upcoming Pre-Feasibility Study for the Santa Elena
Expansion Project. 
J. Scott Drever, President stated; "We are extremely encouraged with
the high grade silver intercepts that we are encountering and the
fact that four of the high grade results are just on or well beyond
our current resource boundary. Gold values and interval widths are
also substantial which bodes well for the addition of resources in
our upcoming Resource and Reserve revisions."  
In this reported series, core holes SE-12-73 and 110 have intercepted
further Bonanza grades of gold, greater than 34 gpt Au and/or silver,
greater than 1,000 gpt Ag, ranging from 1.0 metre @ 4.47 gpt Au and
1,465 gpt Ag to 1.0 metres @ 5.07 gpt Au and 2,840 gpt Ag (see tables
below). Results from Bonanza grade hole SE-12-62 were partially
announced on Jan. 7, 2013 with a final intercept of 1.7 metre @ 42.59
gpt Au and 1,460 gpt Ag within 5.2 metres @ 15.34 gpt Au and 546.2
gpt Ag. 
Holes SE-12-72, 73, 74, and 111 have intercepted an extension of
strong mineralization along the Main Mineralized Trend to the east
and at depth (see attached Figure -
http://media3.marketwire.com/docs/svl114-F1.jpg). These intercepts
are up to 200 metres beyond the boundary of current Resource
estimates. This Expansion Area is currently approximately 300 metres
long by 150 metres high by 5 to 13 metre
s thick and open to the east
and at depth. These new intercepts will be included in the upcoming
revised underground Resources and Reserves. Further drilling is
underway to help delineate this area of expansion. 
Assay values in this series of holes range from 0.7 gpt to 42.6 gpt
gold and 51.1 gpt to 2,840.0 gpt silver. Mineralized intervals range
from 2.8 metres to 28.2 metres. All mineralized drill intercepts are
near true thicknesses. The most significant assay results in this
series of holes are shown in the following tables;  


 
----------------------------------------------------------------------------
                       To  Interval  Interval     Au      Au       Ag     Ag
Hole ID      From     (m)       (m)      (ft)    gpt     opt      gpt    opt
----------------------------------------------------------------------------
----------------------------------------------------------------------------
SE-12-62    394.8   400.0       5.2      17.1   15.3   0.447    546.2   15.9
----------------------------------------------------------------------------
includes    395.4   397.1       1.7       5.6   42.6   1.242  1,460.7   42.6
----------------------------------------------------------------------------
SE-12-72    472.6   478.7       6.1      20.1    2.3   0.066    192.1    5.6
----------------------------------------------------------------------------
SE-12-73    489.0   502.0      13.0      42.7    1.6   0.045    324.8    9.5
----------------------------------------------------------------------------
includes    496.7   497.7       1.0       3.3    5.1   0.148  2,840.0   82.8
----------------------------------------------------------------------------
SE-12-74    572.5   577.4       5.0      16.3    2.1   0.061    177.1    5.2
----------------------------------------------------------------------------
SE-12-107   206.1   209.0       2.8       9.4    1.0   0.030     85.4    2.5
----------------------------------------------------------------------------
SE-12-108   221.8   231.0       9.3      30.3    1.1   0.032     78.2    2.3
----------------------------------------------------------------------------
SE-12-109   242.8   251.0       8.2      26.7    1.3   0.039    153.4    4.5
----------------------------------------------------------------------------
includes    246.8   249.8       3.0      10.0    2.9   0.084    360.5   10.5
----------------------------------------------------------------------------
SE-12-110   225.4   233.0       7.5      24.7    1.4   0.041    308.6    9.0
----------------------------------------------------------------------------
includes    229.0   230.0       1.0       3.3    4.5   0.130  1,465.0   42.7
----------------------------------------------------------------------------
SE-12-111   507.9   514.8       7.0      22.8    0.7   0.021     51.1    1.5
----------------------------------------------------------------------------
SE-12-113   199.5   211.7      12.3      40.2    0.8   0.024     81.2    2.4
----------------------------------------------------------------------------
SE-12-114   219.9   248.1      28.2      92.4    1.6   0.046    115.5    3.4
----------------------------------------------------------------------------
includes    223.5   231.5       8.0      26.2    2.2   0.066    188.9    5.5
----------------------------------------------------------------------------
includes    237.2   243.7       6.5      21.3    2.3   0.066    131.1    3.8
----------------------------------------------------------------------------
Note: All numbers are weighted averages, uncut and rounded.                 

 
All sample analyses were completed by ALS Chemex in Hermosillo,
Mexico and North Vancouver, BC. 
Silver assays for Hole SE-12-62 pending in the news release dated
January 7, 2012 are presented above. Hole SE-12-112 is absent in the
above sequence as it is currently being drilled.  
Approximately 33,000 metres of drilling have been completed to date
in the program to assist with converting underground Resources to
Reserves and expand total Resources. Results for the next series of
holes will be released once compilation of results is complete. Three
drills are currently on site to complete the in-fill program in early
February, 2013. Further expansion drilling will be completed in Q1
2013. Revised Santa Elena Resources and Reserves are expected in Q1
2013 with subsequent reporting of the results of Pre-Feasibility
Study for the Expansion Plan.  
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 approxi
mately 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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