Name and Location
La Joya silver/copper/gold project, Durango, Mexico.

Client
SilverCrest Mines.

Project Description
The La Joya project has inferred resources of 126.7-million tonnes, grading 23.5 g/t silver, 0.19% copper and 0.17 g/t gold, containing 198.6-million ounces of silver, 533-million pounds of copper and 95 900 oz of gold.

A preliminary economic assessment on the first stage of the La Joya development envisages a low-strip, openpit mine, with an initial nine-year life-of-mine plan and opportunities for expansion.

The conceptual openpit operation will run in conjunction with a 5 000 t/d conventional mill and flotation/leaching plant to produce a high-grade silver/copper concentrate with gold credits.

The starter pit will have a conceptual average production of 3.9-million silver equivalent ounces a year and about five-million silver equivalent ounces a year for each of the first four years of operation.

Life-of-mine production is estimated at 34.8-million payable silver equivalent ounces, consisting of 19-million ounces of silver, 53 000 oz of gold and 93-million pounds of copper in concentrate.

An expansion of the starter pit to include additional resources within a larger pit will then be contemplated.

Value
Preproduction capital costs are estimated at $141-million, including contingencies of $17-million.

Duration
Not stated.

Latest Developments
None stated.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
SilverCrest Mines, tel +1 604 694 1730, fax +1 604 694 1761 or email info@silvercrestmines.com.