SilverCrest Mines Announces Grant of Stock Options
08 November 2011 - 12:03AM
Marketwired Canada
SilverCrest Mines Inc. (TSX VENTURE:SVL)(OTCQX:STVZF)(FRANKFURT:CW5) (the
"Company") announces the grant of stock options to an officer, employees and
consultants to purchase an aggregate of 540,000 common shares of the Company at
an exercise price of $1.60 per share for terms varying from 2 to 5 years. One
quarter of these options vest on the date of grant and a further one-quarter
will vest every six months thereafter.
SilverCrest Mines Inc. (TSX VENTURE:SVL)(OTCQX:STVZF)(FRANKFURT:CW5) 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, 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 6.5 year life of the open pit phase of the Santa Elena Mine.
J. Scott Drever, President
SILVERCREST MINES INC.
SilverCrest Mines (TSXV:SVL)
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