SilverCrest Appoints Vice President, Corporate Development
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/31/13 --
SilverCrest Mines Inc. (TSX VENTURE:SVL)(NYSE MKT:SVLC) is pleased to
announce the appointment of Mr. Marcio Fonseca (P.Geo.) to the newly
created position of Vice President, Corporate Development. In his new
position, Mr. Fonseca will be responsible for developing,
implementing and executing all aspects of SilverCrest's corporate
development opportunities designed to accelerate the Company's growth
and enhance its shareholder's value. Mr. Fonseca's responsibilities
will be to forge new and strengthen existing relationships with
institutional and retail investors, source and evaluate opportunities
for corporate and property acquisitions, develop and implement
corporate financial strategies and raise the corporate profile of the
Company in the general investment community through marketing and
presentation of the Company's assets and plans for growth
Mr. Fonseca has more than 20 years of experience in international
mine finance, corporate and project evaluation. Most recently Mr.
Fonseca was a Division Director in Macquarie Metals and Energy
Capital (Canada) ltd, where he developed a successful career over the
last 9 years, focused on equity and debt financing for the mining
sector. Mr. Fonseca has been directly involved in successful mining
financings for the development of mining projects worldwide. Prior to
that, Mr. Fonseca held corporate positions in business development,
project development, operations and exploration with Vale and Phelps
Dodge in Latin America. Mr. Fonseca holds a Bachelor of Science
degree in Geology from The Federal University of Minas Gerais -
Brazil, Specialization in Engineering Economics from Fundacao Dom
Cabral-Brazil and an MSc in Mineral Project Appraisal from the Royal
School of Mines, Imperial College, London. Mr. Fonseca's experience
combines valuation, financing, operations and project management. Mr.
Fonseca will be part of the SilverCrest's team, helping to create a
solid foundation for growth.
J. Scott Drever, President of the Company, commented: "We are
delighted that Mr. Fonseca has chosen to join SilverCrest's senior
management team. Mr. Fonseca's broad skill set and experience in
international mining finance and project development will be
extremely valuable in the advancement of the Company's position as a
mid-tier precious metals producer."
The company also announces the grant of incentive stock options to
purchase 350,000 common shares of SilverCrest which are exercisable
at $2.60 per share, have a five year term and are subject to vesting
in accordance with applicable Company policies.
SilverCrest Mines Inc. (TSX VENTURE:SVL)(NYSE MKT: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. An 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.
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.
SilverCrest Mines Inc.
(604) 694-1730 ext. 108 or Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
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