Amazing & strategic and Amazing & strategic class prices project by Prestige Project

Amazing & strategic and Amazing & strategic class prices project

Firm reports show Indicated Resources at Cruz de Mayo of 2,353,400 ounces of silver plus 3,800 ounces of gold and Inferred Resources of 12,967,100 ounces of silver plus 20,000 ounces of gold. These resources are near surface and situated only 40 miles from the Santa Elena mining facilities. Prestige Lakeside Habitat A Pre-feasibility Study and environmental baseline work is currently underway at Cruz de Mayo for completion by mid-year 2012.

Silver crest is as well as working to advance their La Joya Property where exploration work has indicated silver-copper-gold mineralization along a strike of approximately 1.5 miles in length and 300 to 500 meters in width. Firm geologists report mineralization is occurring along a series of wide up to fifty meters, near vertical stock work veins and structures crosscutting shallow flat lying skarn deposits up to 30 meters thick.

Prior exploration at La Joya took place from 1981 through 2006 by Luismin, Bolden and Solid Resources during which time 56 drill holes covering 15,720 meters took place.

The firm acquired their interest at La Joya in November 2010, and quickly enlarged their concessions from 1,625 hectares to a present total of 8,473 hectares and has the right to ultimately acquire 100% ownership of the venture , subject to a 2% Net Smelter Return NSR. The firm immediately began exploration programs and, based on 27 recently drilled core holes and several verified historical drill holes, a latest Resource Estimate for La Joya was released during January, 2012 which showed Inferred Resources of 57,940,000 tonnes grading 28 g/t Ag, 0.18 g/t Au and 0.21% Cu, containing 333,400 oz. Au, 51,348,000 oz. Ag and 270,296,000 pounds of Cu using a cut-off grade of 15 g/t Ag equivalent.

Using a higher cut-off grade of 30 g/t Ag reduces the Inferred Resource tonnage to an estimated 35.5 million tonnes with increased grades of 39 g/t Ag, 0.22 g/t Au and 0.30% Cu. Compared to the lower cut-off grade of 15 g/t Ag Eq. Silver Crest has completed 17 holes of a planned 80-hole Phase II drill program, that will entail an eventual 15,000 meters planned to test the 1.5 miles of the mineralized trend as well as three adjacent targets with the ultimate goal of establishing an open pit mining operation. Prestige Lakeside Habitat Bangalore One of the more interesting prospective areas at La Joya is known as the Coloradito Target. Six historic holes were drilled at Coloration and firm COO Eric Fier noted that, The Coloration region shows potential for a large bulk tonnage Molybdenum, Tungsten, Ag and Au system with Cu, Lead and Zinc credits. Planned Phase II drilling during 2012 will further test the extent of mineralization in the Coloradito area. The company’s immediate goal is to double the resource figures from historic estimates, and a latest compliant Resource Estimate is presently scheduled for early Fourth Quarter 2012.

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