SilverCrest Mines Inc.

SilverCrest Mines Inc.

March 07, 2005 06:30 ET

SilverCrest Announces Expansion of the Tajado Deposit at El Zapote


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: SILVERCREST MINES INC.

TSX VENTURE SYMBOL: SVL

MARCH 7, 2005 - 06:30 ET

SilverCrest Announces Expansion of the Tajado Deposit
at El Zapote

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 7, 2005) - SilverCrest
Mines Inc. (the "Company") (TSX VENTURE:SVL) is pleased to announce the
results of the initial 13 drill holes completed at the Tajado Prospect
("Tajado") on the Company's 100% owned El Zapote Project in El Salvador.
Tajado is a silver-gold-zinc deposit near the Cerro Colorado III and San
Casimiro deposits which are the subject of a Feasibility Study being
carried out by SRK Consulting (Canada) Inc. ("SRK"). The Company is
pleased with the results of this initial drilling of Tajado as it
presents the possibility of additional potential resources that could
eventually be integrated into the ongoing Feasibility Study of the Cerro
Colorado III and San Casimiro deposits.

The Tajado Prospect is located within the El Zapote Concession and is
approximately 2.5 kilometres southeast of the Cerro Colorado III
deposit. Tajado is one of several known mineral occurrences within the
concession boundary that have not been previously drill tested. The
results of the Company's initial drill program are presented in the
table and figure below.



---------------------------------------------------------------------
Weighted Average Grades
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INTER- INTER- Zn
DH Hole FROM TO VAL VAL AG AG % Au
Number (metres) (metres) (metres) (feet) g/t opt (ii) g/t
---------------------------------------------------------------------
T04-01
R(i) 2.0 28.0 26.0 85.3 59.0 1.72 0.32 trace
---------------------------------------------------------------------
T04-02(i) 0.0 24.1 24.1 79.0 117.3 3.42 0.06 trace
---------------------------------------------------------------------
Includes 9.0 15.0 6.0 19.6 327.9 9.65 0.13 trace
---------------------------------------------------------------------
T04-03(i) 1.0 11.0 10.0 32.8 40.7 1.19 0.04 trace
---------------------------------------------------------------------
T04-03 21.0 61.0 40.0 131.2 18.5 0.54 2.54 trace
---------------------------------------------------------------------
Includes 22.0 25.0 3.0 9.8 26.3 0.76 12.73 trace
---------------------------------------------------------------------
T04-04(i) 3.0 28.0 25.0 82.0 145.7 4.25 0.28 0.49
---------------------------------------------------------------------
Includes 7.0 20.0 13.0 42.6 245.2 7.15 0.36 0.31
---------------------------------------------------------------------
Includes 7.0 9.0 2.0 6.5 445.0 12.98 0.76 4.23
---------------------------------------------------------------------
Includes 18.0 20.0 2.0 6.5 798.6 23.03 0.17 1.42
---------------------------------------------------------------------
T04-04 28.0 39.0 11.0 36.1 41.6 1.17 0.05 trace
---------------------------------------------------------------------
T04-05 No Caved &
sampling abandoned
---------------------------------------------------------------------
T04-06 No significant values
---------------------------------------------------------------------
T04-07 55.0 61.0 6.0 19.6 71.1 2.07 2.67 0.10
---------------------------------------------------------------------
T04-08 42.2 58.0 15.8 51.8 68.6 2.0 3.74 trace
---------------------------------------------------------------------
Includes 48.9 51.8 2.9 9.5 90.2 2.63 7.59 trace
---------------------------------------------------------------------
T04-09 21.8 34.0 12.2 40.0 21.8 0.63 1.30 trace
---------------------------------------------------------------------
T04-10 46.2 75.0 29.0 95.1 8.2 0.24 1.86 trace
---------------------------------------------------------------------
Includes 56.0 66.0 10.0 32.8 10.5 0.30 3.87 trace
---------------------------------------------------------------------
T04-11 28.0 29.0 1.0 3.3 44.0 1.28 0.46 trace
---------------------------------------------------------------------
T04-12 30.0 32.0 2.0 6.5 15.0 0.43 0.30 trace
---------------------------------------------------------------------
T04-13 25.0 70.0 45.0 147.6 8.4 0.24 0.30 trace
---------------------------------------------------------------------
(i) partial results previously reported.
(ii) 1% is equivalent to 20 pounds of zinc per ton.


All intersections are near surface and present a potential initial open
pittable target. All analytical work on drill samples was completed by
CAS de Honduras (a subsidiary of U.S. based Custom Analytical Services
Inc.) and ACME Labs in Vancouver.

Geologically, the Tajado Prospect is located along the sheared contact
zone between a Cretaceous granodiorite and volcanics. Silver and gold
mineralization appears to be associated with quartz veining, quartz
stockwork, and breccia. The silver mineralized zone is up to 30 metres
wide at the surface and open to depth.

A zinc-rich zone (Hole T04-03; 40 metres of 2.54% zinc), that parallels
the silver zone, is up to 30 metres wide near the surface and open to
depth. This new zone expands the potential combined width of the silver
and zinc mineralization at surface to approximately 60 metres (see
attached plan and cross section).

The surface expression of Tajado has been traced along a continuous
strike length of approximately one kilometre. Drill holes T04-11, 12,
and 13 are considered "wild cat" holes to test mineralization near the
projected ends of the exposed structure. All three holes intersected the
structure with significant alteration and anomalous silver and zinc
values. Drill hole nine was abandoned due to caving in the hole before
it reached the main zones. This intercept appears to be a new zone.

Follow-up drilling at Tajado is planned to test the known silver and
zinc zones to depth and along strike. A preliminary computer model is
being completed to better define mineral zonation, possible high-grade
ore shoots and potential inferred resources. Considerable potential for
new discoveries exists along strike of the Cerro Colorado III - San
Casimiro trend. Several exploration targets of known mineralization, in
addition to the Tajado deposit, exist within the concession boundaries.

The Qualified Person, as defined by National Policy 43-101, responsible
for the preparation of the technical information included in this press
release and for supervision of field activities related to the Company's
projects is N. Eric Fier, CPG, P. Eng., Qualified Person and Chief
Operating Officer of the Company.

The potential to increase the Company's resource base in El Slavador is
considered an important milestone in its goal of becoming a major silver
asset - based company. The Company continues its strategy of acquiring
high grade, low cost silver resources that may be expanded and
properties with substantial exploration potential. SilverCrest's
immediate initiative is to continue to acquire and develop substantial
silver resources and ultimately to operate high grade silver mines
throughout North and Central America.

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.

On Behalf of the Board of Directors of

SilverCrest Mines Inc.

J. Scott Drever, President

To view the map that accompanies this release, please click on the
following link: http://www2.ccnmatthews.com/database/fax/2000/svlmap.pdf

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    SilverCrest Mines Inc.
    Fred Cooper
    (604) 691-1730 or Toll Free: 1-866-691-1730 (Canada & USA)
    (604) 691-1761 (FAX)
    info@silvercrestmines.com
    www.silvercrestmines.com
    The TSX-Venture Exchange has not reviewed and does not accept
    responsibility for the accuracy or adequacy of this release.