Silvercrest Appoints V.P. Corporate Development for Mexico and General Manager for Santa Elena
November 02 2011 - 1:57PM
Marketwired
SilverCrest Mines Inc. (TSX VENTURE:SVL)(OTCQX:STVZF) (the
"Company") is pleased to announce the appointments of Dr. Salvador
Aguayo Salinas as Vice President Corporate Development in Mexico
and Fabio Velarde as General Manager for the Santa Elena Mine. Dr.
Aguayo will be based in Hermosillo, Mexico, and will report to N.
Eric Fier, CPG, P.Eng., President of Nusantara de Mexico SA de CV,
a subsidiary of the Company. Mr. Fabio will be based at the Santa
Elena mine site and report to Brent McFarlane, V.P. of
Operations.
N. Eric Fier, Chief Operating Officer of the Company, commented:
"We are delighted to have Dr. Aguayo and Mr. Velarde as part of our
aggressive and experienced team as SilverCrest moves forward with
its plans for growth. I look forward to working closely with both
team members as we continue to have success at our Santa Elena high
grade open pit heap leach operation, advance our plans for
production expansion at Santa Elena and continue to deliver
successful exploration results from our La Joya property."
Dr. Aguayo has a BSc. in Chemical Engineering from the
University of Sonora, Mexico, a MSc. in Metallurgical Engineering
from the University of Arizona, and a PhD. in Hydrometallurgy from
the Imperial College of Science and Technology at the University of
London, England. Dr. Aguayo has more than 25 years of mineral
experience in leaching and recovery of precious metals. He has been
a consultant for several mining companies including Hecla Mining,
Eldorado Gold and Grupo Mexico. In 2007, Dr. Aguayo joined
SilverCrest as Country Manager and made significant contributions
to the development of the Santa Elena Mine, by supporting property
acquisition negotiations, permitting, engineering, construction and
initial operations of the Company's flagship mine. Dr. Aguayo will
be responsible for management of corporate development activities
in Mexico and the Americas along with his current Country Manager
responsibilities.
Mr. Velarde has a BSc. in Metallurgical Engineering from New
Mexico Institute of Mining and Technology in Socorro, New Mexico
and a MSc. in Metallurgy and Mineral Processing Engineering from
Universidade Federal de Minas Gerais, Belo Horizonte, Brasil. Mr.
Velarde has more than 20 years of development and operations
experience in the mining industry. As a proven manager and
operator, he has commissioned, operated and managed several mine
projects in Latin America, including the San Andres and Cerro Mojon
mines in Honduras) and Nicaragua respectively. Since 2005, Mr.
Velarde provided technical consulting support to several mining
companies including Goldcorp Inc. and New Gold Inc. Most recently
he was the Chief Metallurgist at Los Filos Mine in Guerrero,
Mexico.
SilverCrest Mines Inc. (TSX VENTURE:SVL) is a Mexican precious
metals producer with headquarters based in Vancouver, BC.
SilverCrest's flagship property is the 100%-owned Santa Elena Mine,
which is located 150km northeast of Hermosillo, 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 6.5 year life of the open pit phase of the Santa Elena
Mine.
This news release contains forward-looking statements, which
address future events and conditions, which are subject to various
risks and uncertainties. The Company's actual results, programs and
financial position could differ materially from those anticipated
in such forward-looking statements as a result of numerous factors,
some of which may be beyond the Company's control. These factors
include: the availability of funds; the timing and content of work
programs; results of exploration activities and development of
mineral properties, the interpretation of drilling results and
other geological data, the uncertainties of resource and reserve
estimations, receipt and security of mineral property titles;
project cost overruns or unanticipated costs and expenses,
fluctuations in metal prices; currency fluctuations; and general
market and industry conditions. Forward-looking statements are
based on the expectations and opinions of the Company's management
on the date the statements are made. The assumptions used in the
preparation of such statements, although considered reasonable at
the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking
statements.
J. Scott Drever, President
SILVERCREST MINES INC.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: SilverCrest Mines Inc. Michael Rapsch (604) 694-1730
or Toll Free: 1-866-691-1730 SilverCrest Mines Inc. Fred Cooper
(604) 694-1730 or Toll Free: 1-866-691-1730 (604) 694-1761
(FAX)info@silvercrestmines.comwww.silvercrestmines.com
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