Trading Symbol
TSX: SVM
NYSE American: SVM
VANCOUVER, BC, July 17,
2023 /PRNewswire/ - Silvercorp Metals Inc.
("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is
pleased to report high-grade silver-lead intercepts from its
ongoing diamond drilling program at the TLP mine at the Ying Mining
District, China.
Highlights (all intersections are in core
lengths):
- Surface hole ZKTDB0413 intersected 1,025 grams per tonne
("g/t") silver ("Ag"), 3.01% lead ("Pb"), and 0.11 g/t gold ("Au")
over a 2.48 metre ("m") interval of vein T26 at the 1,113 m elevation;
- Surface hole ZKTDB2005 intersected 3,211 g/t Ag, 2.41%
Pb, 0.15% zinc ("Zn"), and 0.16% copper ("Cu") over a 0.63 m interval of vein T1E at the 1,129 m elevation;
- Surface hole ZKTDB0501 intersected 312 g/t Ag, 3.21% Pb,
and 0.43% Zn over a 5.04 m interval
of vein T2 at the 980 m
elevation;
- Hole ZKG0847 intersected 8,254 g/t Ag, 11.71% Pb, and
1.30% Zn over a 1.87 m interval of
vein T16 at the 684 m elevation;
- Hole ZKG1447 intersected 7,140 g/t Ag, 30.79% Pb, 0.92%
Zn, and 1.43% Cu over a 0.57 m
interval of vein T15W2 at the 818 m
elevation;
- Hole ZKG0325 intersected 3,475 g/t Ag, 2.22% Pb, 1.52%
Zn, and 0.75 g/t Au over a 0.86 m
interval of vein T38 at the 752 m
elevation;
- Hole ZKT4710 intersected 83 g/t Ag, 10.46% Pb, 0.46% Zn,
0.09 g/t Au, and 0.75% Cu over a 6.26
m interval of vein T3 at the 638
m elevation;
- Hole ZKG1024 intersected 2,743 g/t Ag, 6.95% Pb, and
1.67% Zn over a 1.27 m interval of
vein T11 at the 630 m elevation;
- Hole ZKG1437 intersected 2,204 g/t Ag, 5.13% Pb, 0.43%
Zn, and 0.51% Cu over a 2.08 m
interval of vein T16 at the 749 m
elevation;
- Hole ZKG1441 intersected 3,437 g/t Ag, 2.09% Pb, 1.55%
Zn, and 0.22% Cu over a 1.20 m
interval of vein T16 at the 727 m
elevation;
- Hole ZKT0829 intersected 453 g/t Ag, 5.10% Pb, and 0.93%
Zn over a 4.60 m interval of vein
T14E at the 975 m elevation; and
- Hole ZKG0009 intersected 542 g/t Ag, 52.01% Pb, 0.20%
Zn, and 0.16% Cu over a 0.81 m
interval of vein T15W at the 637 m
elevation.
From January 1, 2022, to
June 15, 2023, a total of
66,679 m in 340 diamond drill holes,
including 270 underground holes and 70 surface holes, were
completed at the TLP mine. Assay results for 227 holes have been
received, with 197 holes intersecting mineralization. Currently,
there are 10 rigs drilling at the TLP mine.
The drilling program has targeted three areas: 1) silver-lead
vein structures in the resource area at higher elevations, close to
surface, which have seen limited exploration; 2) infilling in the
production area, particularly above or below previously-mined
stopes, where production stopped due to higher than modelled
variability in grades, thicknesses, and attitudes of the vein
structures; and 3) step out drilling to test the extension of the
major vein structures to the northeast of the resource area.
Drilling Near-Surface Ag-Pb Vein Structures within the
Resource Area
Drilling over the past few years primarily focused on the
lateral and downdip extent of known vein structures and paid
insufficient attention to their extension potential at elevations
above 900 m. In addition to the 70
surface drill holes, which account for over 20% of the drill holes
in this program, many underground holes drilled also targeted the
vein structures at higher elevations. High-grade Ag-Pb vein
structures intersected at higher elevations include the T1 series,
T2, T3 series, T11 series, T14E, T15 series, T16 series, T23
series, and T26 series (Table 1).
Drilling Above or Beneath Previously-Mined Stopes within the
Resource Area
Most holes drilled during this period targeted blocks of known
Ag-Pb vein structures that were previously missed due to limited
drilling or tunneling, changes in thickness, strikes and dips of
the pay-zones in veins within the resource areas below the
900 m elevation. The high-grade
intercepts are mainly associated with the northwest-dipping T1
series, T2 series, T3 series, T4, T11 series, T15 series, T16
series, T23 series, T20, T21, T31W3, T33 series, and T35 series,
and the east-dipping T14 series, T22 series, T26 series, and T28
series. These intercepts have led to significant expansion and
upgrading of resources. Since the ramps and access tunnels are
already in place, these defined high-grade blocks can be quickly
converted to reserves and mined.
Step-Out Drilling Intersecting Ag-Pb Veins to the Northeast
of the Resource Area
Step-out surface and underground drilling intersected high-grade
Ag-Pb veins T2, T3 series, T4, T5, and T21 series to the northeast
of the resource area. Hole ZKT4710 intersected 83 g/t Ag, 10.46%
Pb, 0.46% Zn and 0.75% Cu over a 6.26
m interval. These intercepts have extended the boundary of
the resource area approximately 300 m
to the northeast.
Table 1: Selected intercepts from the drilling programs at
the TLP mine
Hole
ID
|
From
(m)
|
To
(m)
|
Elevation
(m)
|
Interval
(m)
|
Ag
(g/t)
|
Pb
(%)
|
Zn
(%)
|
Au
(g/t)
|
Cu
(%)
|
Vein
|
ZKTDB2005
|
23.60
|
24.90
|
1,141
|
1.30
|
108
|
1.18
|
0.03
|
0.03
|
0.07
|
T1
|
ZKTDB0412
|
82.92
|
84.76
|
1,101
|
1.84
|
216
|
1.08
|
0.07
|
0.05
|
0.03
|
T1
|
ZKTDB0422
|
74.09
|
75.86
|
1,101
|
1.77
|
268
|
0.18
|
0.03
|
0.02
|
0.02
|
T1
|
ZKTDB0413
|
90.30
|
92.14
|
1,084
|
1.84
|
195
|
2.94
|
0.03
|
0.07
|
0.01
|
T1
|
ZKTDB1781
|
126.97
|
129.95
|
984
|
2.98
|
162
|
2.01
|
0.07
|
0.02
|
0.03
|
T1
|
ZKT0933
|
124.02
|
124.62
|
910
|
0.60
|
261
|
11.44
|
2.52
|
|
|
T1
|
ZKT0006
|
38.46
|
38.96
|
888
|
0.50
|
190
|
3.96
|
0.18
|
0.07
|
0.06
|
T1
|
ZKTDB2005
|
54.64
|
55.27
|
1,129
|
0.63
|
3,211
|
2.41
|
0.15
|
0.03
|
0.16
|
T1E
|
ZKTDB0422
|
53.88
|
55.16
|
1,107
|
1.28
|
244
|
0.31
|
0.08
|
0.02
|
0.01
|
T1W
|
ZKTDB0427
|
58.17
|
58.71
|
1,105
|
0.54
|
672
|
0.67
|
0.07
|
0.03
|
0.07
|
T1W
|
ZKTDB0428
|
71.16
|
71.66
|
1,078
|
0.50
|
233
|
0.54
|
0.04
|
|
|
T1W
|
ZKTDB0603
|
106.05
|
107.10
|
1,034
|
1.05
|
837
|
2.64
|
0.31
|
0.05
|
0.05
|
T1W
|
ZKTDB0006
|
176.90
|
179.95
|
912
|
3.05
|
274
|
7.86
|
0.13
|
|
|
T1W
|
ZKT0815
|
73.01
|
73.92
|
871
|
0.91
|
119
|
4.58
|
0.09
|
0.35
|
0.01
|
T1W
|
ZKT1145
|
92.26
|
95.18
|
831
|
2.92
|
49
|
5.47
|
0.28
|
0.05
|
0.12
|
T1W
|
ZKTDB0428
|
13.40
|
16.59
|
1,117
|
3.19
|
134
|
0.48
|
0.26
|
|
|
T1W1
|
ZKTDB0422
|
28.46
|
30.10
|
1,116
|
1.64
|
91
|
1.42
|
0.10
|
0.02
|
0.02
|
T1W1
|
ZKTDB0603
|
28.83
|
30.64
|
1,100
|
1.81
|
177
|
0.79
|
0.05
|
0.05
|
0.06
|
T1W1
|
ZKTDB0008
|
109.91
|
110.44
|
1,017
|
0.53
|
867
|
1.11
|
1.73
|
0.11
|
0.09
|
T1W1
|
ZKTDB0006
|
118.81
|
119.30
|
958
|
0.49
|
60
|
5.59
|
0.07
|
|
|
T1W1
|
ZKT0826
|
3.79
|
4.54
|
897
|
0.75
|
204
|
0.17
|
0.08
|
0.02
|
0.02
|
T1W1
|
ZKT0613
|
148.66
|
149.52
|
884
|
0.86
|
960
|
1.11
|
1.28
|
|
|
T1W1
|
ZKT0404
|
151.28
|
153.71
|
866
|
2.43
|
137
|
1.18
|
0.37
|
0.02
|
0.02
|
T1W1
|
ZKT0907
|
126.35
|
126.87
|
636
|
0.52
|
324
|
3.15
|
0.49
|
|
|
T1W1
|
ZKT1315
|
119.43
|
120.43
|
590
|
1.00
|
175
|
4.09
|
2.25
|
1.11
|
0.58
|
T1W1
|
ZKT0941
|
125.28
|
128.32
|
590
|
3.04
|
138
|
3.15
|
1.23
|
0.16
|
1.06
|
T1W1
|
ZKT1314
|
134.41
|
135.01
|
545
|
0.60
|
1,061
|
4.41
|
1.44
|
0.58
|
0.89
|
T1W1
|
ZKT1315
|
128.64
|
129.22
|
585
|
0.58
|
141
|
1.27
|
1.69
|
0.49
|
0.17
|
T1W1a
|
ZKTDB0412
|
17.86
|
19.27
|
1,120
|
1.41
|
361
|
1.55
|
0.25
|
0.05
|
0.09
|
T1W2
|
ZKTDB0413
|
17.40
|
19.20
|
1,117
|
1.80
|
162
|
0.27
|
0.15
|
0.07
|
0.02
|
T1W2
|
ZKTDB0411
|
10.12
|
13.67
|
1,116
|
3.55
|
503
|
1.99
|
0.28
|
|
|
T1W2
|
ZKTDB0603
|
10.39
|
11.13
|
1,116
|
0.74
|
206
|
3.59
|
0.06
|
0.05
|
0.03
|
T1W2
|
ZKTDB0008
|
66.67
|
67.18
|
1,031
|
0.51
|
590
|
4.08
|
0.19
|
0.05
|
0.46
|
T1W2
|
ZKT0613
|
151.96
|
153.87
|
883
|
1.91
|
531
|
2.59
|
1.20
|
|
|
T1W2
|
ZKT0802
|
183.01
|
183.53
|
828
|
0.52
|
166
|
1.32
|
0.40
|
0.11
|
0.01
|
T1W2
|
ZKT0802
|
183.01
|
183.53
|
828
|
0.52
|
166
|
1.32
|
0.40
|
0.11
|
0.01
|
T1W2
|
ZKT1574
|
147.02
|
147.64
|
584
|
0.62
|
216
|
0.54
|
0.66
|
0.79
|
0.09
|
T1W2
|
ZKT1145
|
150.45
|
152.60
|
824
|
2.15
|
599
|
1.25
|
1.07
|
0.16
|
0.15
|
T1W2a
|
ZKTDB0404
|
77.13
|
78.61
|
1,131
|
1.48
|
166
|
0.71
|
0.18
|
0.05
|
0.01
|
T2
|
ZKT0224
|
87.79
|
88.48
|
986
|
0.69
|
538
|
1.60
|
0.05
|
0.05
|
0.04
|
T2
|
ZKTDB0501
|
172.99
|
178.03
|
980
|
5.04
|
312
|
3.21
|
0.43
|
0.06
|
0.06
|
T2
|
ZKTDB3306
|
60.85
|
63.13
|
947
|
2.28
|
132
|
0.35
|
0.11
|
|
|
T2
|
ZKTDB3307
|
58.45
|
60.31
|
946
|
1.86
|
208
|
0.37
|
0.14
|
|
|
T2
|
ZKT1145
|
46.32
|
49.47
|
836
|
3.15
|
225
|
3.12
|
2.08
|
0.43
|
0.68
|
T2
|
ZKT1144
|
42.50
|
43.39
|
836
|
0.89
|
132
|
4.87
|
0.23
|
0.03
|
0.44
|
T2
|
ZKT1354
|
166.38
|
168.31
|
824
|
1.93
|
120
|
0.76
|
0.02
|
0.02
|
0.04
|
T2
|
ZKT4708
|
140.80
|
141.95
|
710
|
1.15
|
31
|
5.54
|
0.04
|
0.19
|
0.01
|
T2
|
ZKT4715
|
145.31
|
145.87
|
666
|
0.56
|
186
|
2.01
|
0.09
|
|
|
T2
|
ZKT4522
|
151.31
|
152.86
|
641
|
1.55
|
34
|
6.12
|
0.10
|
|
0.80
|
T2
|
ZKT5104
|
251.05
|
251.65
|
540
|
0.60
|
18
|
3.58
|
0.19
|
2.45
|
0.07
|
T2
|
ZKT1129
|
32.06
|
32.80
|
839
|
0.74
|
435
|
0.06
|
0.04
|
0.03
|
0.01
|
T2E
|
ZKT0006
|
126.31
|
126.85
|
877
|
0.54
|
344
|
1.48
|
0.35
|
0.13
|
0.04
|
T2E1
|
ZKT0224
|
68.22
|
70.88
|
990
|
2.66
|
114
|
1.54
|
0.03
|
0.05
|
0.03
|
T2W
|
ZKT0106
|
42.26
|
44.20
|
886
|
1.94
|
275
|
3.45
|
0.07
|
|
|
T2W
|
ZKT0107
|
45.39
|
45.96
|
882
|
0.57
|
229
|
0.96
|
0.02
|
|
|
T2W
|
ZKT0106
|
74.47
|
76.83
|
882
|
2.36
|
114
|
1.70
|
0.08
|
|
|
T2W1
|
ZKTDB1201
|
46.72
|
49.99
|
1,120
|
3.27
|
41
|
4.92
|
0.13
|
|
|
T3
|
ZKTDB2401
|
143.18
|
144.13
|
1,029
|
0.95
|
180
|
1.11
|
0.11
|
0.02
|
0.04
|
T3
|
ZKTDB3305
|
75.62
|
77.18
|
917
|
1.56
|
3
|
0.01
|
0.03
|
2.67
|
0.01
|
T3
|
ZKT0006
|
142.50
|
143.06
|
875
|
0.56
|
311
|
2.35
|
0.10
|
0.14
|
0.32
|
T3
|
ZKT0201
|
114.56
|
117.54
|
871
|
2.98
|
284
|
2.71
|
0.10
|
0.08
|
0.01
|
T3
|
ZKT1129
|
20.40
|
22.61
|
840
|
2.21
|
226
|
1.95
|
0.68
|
0.16
|
0.09
|
T3
|
ZKT1145
|
21.01
|
22.20
|
839
|
1.19
|
257
|
1.32
|
0.44
|
0.14
|
0.19
|
T3
|
ZKT1144
|
19.30
|
22.36
|
839
|
3.06
|
327
|
0.25
|
0.11
|
0.50
|
0.06
|
T3
|
ZKT1127
|
22.42
|
23.61
|
833
|
1.19
|
173
|
2.02
|
0.42
|
0.23
|
0.27
|
T3
|
ZKT0214
|
177.80
|
178.38
|
787
|
0.58
|
100
|
8.93
|
0.05
|
|
|
T3
|
ZKT0215
|
201.22
|
205.34
|
786
|
4.12
|
100
|
1.78
|
0.06
|
|
|
T3
|
ZKT4708
|
145.90
|
146.66
|
709
|
0.76
|
23
|
7.18
|
0.07
|
0.05
|
0.04
|
T3
|
ZKT4521
|
155.20
|
158.41
|
663
|
3.21
|
38
|
9.72
|
0.04
|
|
|
T3
|
ZKT4712
|
162.88
|
168.60
|
644
|
5.72
|
25
|
5.08
|
0.09
|
|
|
T3
|
ZKT4710
|
165.61
|
171.87
|
638
|
6.26
|
83
|
10.46
|
0.46
|
0.09
|
0.75
|
T3
|
ZKT5912
|
145.09
|
145.64
|
635
|
0.55
|
333
|
0.23
|
0.06
|
0.01
|
0.02
|
T3
|
ZKT4716
|
180.22
|
181.10
|
630
|
0.88
|
60
|
6.27
|
0.06
|
|
|
T3
|
ZKT5910
|
196.49
|
197.29
|
605
|
0.80
|
7
|
0.01
|
0.01
|
3.81
|
0.01
|
T3
|
ZKT5104
|
260.62
|
261.45
|
532
|
0.83
|
19
|
7.78
|
0.55
|
0.03
|
0.20
|
T3
|
ZKT5504
|
220.79
|
221.61
|
404
|
0.82
|
13
|
5.55
|
0.61
|
0.05
|
0.01
|
T3
|
ZKTDB1780
|
192.54
|
193.05
|
932
|
0.51
|
77
|
4.27
|
0.16
|
0.02
|
0.01
|
T3E
|
ZKT3737
|
7.16
|
7.72
|
749
|
0.56
|
213
|
3.38
|
0.24
|
0.45
|
0.65
|
T3E
|
ZKT5502
|
118.56
|
120.15
|
652
|
1.59
|
193
|
0.53
|
0.22
|
0.05
|
0.01
|
T3E
|
ZKT4710
|
174.72
|
175.24
|
633
|
0.52
|
79
|
35.25
|
1.14
|
0.03
|
0.19
|
T3E
|
ZKT4709
|
173.87
|
176.13
|
630
|
2.26
|
77
|
11.35
|
0.05
|
0.06
|
0.49
|
T3E
|
ZKT5910
|
205.53
|
207.22
|
599
|
1.69
|
334
|
0.51
|
0.42
|
0.30
|
0.04
|
T3E
|
ZKT5106
|
390.24
|
391.41
|
384
|
1.17
|
8
|
5.96
|
0.05
|
0.03
|
|
T3E
|
ZKG0607
|
234.64
|
235.25
|
298
|
0.61
|
1,012
|
1.30
|
2.84
|
5.15
|
0.07
|
T3E
|
ZKT0006
|
147.31
|
148.05
|
874
|
0.74
|
43
|
7.28
|
0.18
|
0.06
|
0.01
|
T3E1
|
ZKT3721
|
9.26
|
10.89
|
746
|
1.63
|
208
|
4.28
|
1.20
|
2.60
|
0.49
|
T3E1
|
ZKTDB3307
|
127.81
|
128.65
|
921
|
0.84
|
831
|
0.90
|
1.10
|
|
|
T4
|
ZKTDB3305
|
136.37
|
137.81
|
877
|
1.44
|
703
|
1.35
|
0.23
|
0.21
|
0.03
|
T4
|
ZKT3737
|
37.61
|
38.66
|
741
|
1.05
|
131
|
29.55
|
0.22
|
0.21
|
0.77
|
T4
|
ZKT3718
|
37.51
|
38.16
|
734
|
0.65
|
66
|
6.57
|
0.07
|
0.23
|
0.25
|
T4
|
ZKT3719
|
38.82
|
41.01
|
724
|
2.19
|
44
|
6.47
|
0.63
|
0.19
|
0.22
|
T4
|
ZKT5106
|
398.53
|
399.05
|
377
|
0.52
|
51
|
8.27
|
0.11
|
0.90
|
|
T4
|
ZKT3737
|
52.90
|
54.74
|
737
|
1.84
|
96
|
4.10
|
0.14
|
0.40
|
0.23
|
T5
|
ZKT3721
|
47.99
|
50.80
|
726
|
2.81
|
88
|
2.55
|
0.21
|
0.19
|
0.12
|
T5
|
ZKT5505
|
126.23
|
127.57
|
696
|
1.34
|
88
|
2.85
|
0.24
|
0.01
|
0.01
|
T5
|
ZKG1221A
|
136.00
|
136.53
|
948
|
0.53
|
178
|
7.35
|
0.79
|
0.05
|
0.03
|
T11
|
ZKG1814
|
11.67
|
12.18
|
838
|
0.51
|
533
|
2.38
|
0.16
|
0.05
|
0.08
|
T11
|
ZKG1030
|
129.28
|
131.45
|
814
|
2.17
|
957
|
0.52
|
0.15
|
|
|
T11
|
ZKG0503
|
147.37
|
148.58
|
733
|
1.21
|
682
|
3.64
|
0.39
|
0.05
|
0.21
|
T11
|
ZKG0504
|
137.22
|
137.73
|
716
|
0.51
|
748
|
2.53
|
0.14
|
0.20
|
0.10
|
T11
|
ZKG0812
|
230.25
|
231.19
|
712
|
0.94
|
911
|
0.42
|
0.05
|
0.01
|
0.02
|
T11
|
ZKG1226
|
125.24
|
125.77
|
683
|
0.53
|
56
|
0.27
|
0.28
|
0.02
|
3.32
|
T11
|
ZKG1024
|
128.39
|
129.66
|
630
|
1.27
|
2,743
|
6.95
|
1.67
|
|
|
T11
|
ZKG1105
|
206.94
|
207.90
|
626
|
0.96
|
48
|
10.31
|
0.09
|
0.05
|
0.13
|
T11
|
ZKG1009
|
145.17
|
145.76
|
578
|
0.59
|
752
|
11.83
|
5.55
|
|
|
T11
|
ZKG0108
|
279.35
|
280.02
|
541
|
0.67
|
57
|
8.73
|
1.39
|
0.39
|
0.04
|
T11
|
ZKG0454
|
200.83
|
201.89
|
535
|
1.06
|
385
|
8.98
|
1.48
|
2.12
|
0.12
|
T11
|
ZKT0616
|
69.45
|
70.16
|
906
|
0.71
|
101
|
2.69
|
0.13
|
0.05
|
0.04
|
T11E
|
ZKG0108
|
342.11
|
342.74
|
517
|
0.63
|
166
|
8.89
|
6.78
|
1.65
|
0.01
|
T11E
|
ZKG0809
|
227.42
|
228.35
|
627
|
1.01
|
216
|
0.64
|
0.14
|
|
|
T11E2
|
ZKG0810
|
227.29
|
227.93
|
619
|
0.64
|
260
|
0.93
|
0.34
|
|
|
T11E2
|
ZKT0812
|
131.72
|
132.31
|
907
|
0.59
|
781
|
5.82
|
0.71
|
0.05
|
0.18
|
T11E4
|
ZKT0616
|
82.24
|
82.74
|
902
|
0.50
|
1,259
|
2.97
|
0.47
|
0.05
|
0.29
|
T11E4
|
ZKT0812
|
29.72
|
30.31
|
919
|
0.59
|
754
|
0.45
|
0.48
|
0.05
|
0.02
|
T11W
|
ZKG1815
|
34.90
|
35.45
|
840
|
0.55
|
684
|
0.91
|
0.25
|
0.02
|
0.04
|
T11W1
|
ZKG1819
|
87.46
|
88.02
|
794
|
0.56
|
24
|
6.21
|
0.29
|
0.01
|
|
T12
|
ZKG0104
|
152.05
|
152.67
|
791
|
0.62
|
130
|
2.12
|
0.36
|
0.02
|
0.01
|
T14
|
ZKT0530
|
108.41
|
110.59
|
752
|
2.18
|
79
|
5.28
|
0.54
|
0.01
|
0.04
|
T14
|
ZKG0465
|
115.81
|
116.44
|
680
|
0.63
|
222
|
4.42
|
0.54
|
0.22
|
0.08
|
T14
|
ZKT0829
|
35.73
|
40.33
|
975
|
4.60
|
453
|
5.10
|
0.93
|
0.05
|
0.07
|
T14E
|
ZKT0611
|
110.05
|
110.85
|
918
|
0.80
|
322
|
0.46
|
0.17
|
|
|
T14E
|
ZKT0610
|
92.60
|
93.10
|
902
|
0.50
|
264
|
10.60
|
0.14
|
0.05
|
0.01
|
T14E
|
ZKG0106
|
200.35
|
201.89
|
824
|
1.54
|
134
|
1.57
|
0.07
|
0.03
|
0.08
|
T14E
|
ZKT0717
|
130.39
|
131.53
|
788
|
1.14
|
252
|
1.48
|
1.18
|
0.05
|
0.02
|
T14E
|
ZKG1221A
|
93.13
|
93.71
|
951
|
0.58
|
158
|
2.06
|
0.26
|
0.05
|
0.01
|
T15
|
ZKT0813
|
14.69
|
15.29
|
921
|
0.60
|
189
|
1.87
|
0.12
|
0.05
|
0.01
|
T15
|
ZKT0812
|
17.59
|
18.13
|
921
|
0.54
|
233
|
1.42
|
0.16
|
0.05
|
0.05
|
T15
|
ZKG1815
|
11.36
|
12.09
|
838
|
0.73
|
298
|
1.09
|
0.48
|
0.02
|
0.05
|
T15
|
ZKG1447
|
15.23
|
15.81
|
832
|
0.58
|
321
|
0.56
|
0.26
|
0.01
|
0.25
|
T15
|
ZKG1610
|
114.81
|
115.80
|
815
|
0.99
|
548
|
1.28
|
0.50
|
|
|
T15
|
ZKG0113
|
105.51
|
106.22
|
617
|
0.71
|
310
|
2.86
|
0.21
|
0.24
|
0.19
|
T15
|
ZKT1027
|
142.72
|
144.13
|
944
|
1.41
|
40
|
3.30
|
0.15
|
0.05
|
|
T15W
|
ZKT1006
|
5.03
|
6.07
|
919
|
1.04
|
573
|
0.37
|
0.07
|
0.05
|
0.04
|
T15W
|
ZKG1815
|
47.76
|
48.42
|
841
|
0.66
|
209
|
0.51
|
0.20
|
0.02
|
0.06
|
T15W
|
ZKG1437
|
48.75
|
49.28
|
816
|
0.53
|
429
|
0.10
|
0.26
|
0.05
|
0.10
|
T15W
|
ZKG1438
|
58.28
|
58.95
|
808
|
0.67
|
784
|
0.97
|
1.16
|
0.06
|
0.10
|
T15W
|
ZKG1606
|
131.63
|
132.15
|
685
|
0.52
|
184
|
6.49
|
0.20
|
0.12
|
0.03
|
T15W
|
ZKG0009
|
88.28
|
89.09
|
637
|
0.81
|
542
|
52.01
|
0.20
|
0.05
|
0.16
|
T15W
|
ZKG1024
|
125.56
|
127.29
|
632
|
1.73
|
279
|
0.40
|
0.10
|
|
|
T15W
|
ZKG0115
|
74.92
|
76.05
|
622
|
1.13
|
404
|
19.59
|
0.50
|
|
|
T15W
|
ZKG0113
|
96.89
|
97.75
|
620
|
0.86
|
596
|
10.45
|
0.53
|
0.09
|
0.19
|
T15W
|
ZKG0005
|
107.91
|
108.41
|
593
|
0.50
|
460
|
11.98
|
0.35
|
|
|
T15W
|
ZKT0804
|
60.41
|
60.93
|
921
|
0.52
|
211
|
0.60
|
0.20
|
0.05
|
0.02
|
T15W1
|
ZKT0805
|
48.50
|
49.00
|
921
|
0.50
|
382
|
1.47
|
0.73
|
|
|
T15W1
|
ZKG0605
|
191.30
|
191.82
|
632
|
0.52
|
2,128
|
3.43
|
0.21
|
0.11
|
0.12
|
T15W1
|
ZKG0113
|
75.05
|
75.85
|
627
|
0.80
|
216
|
1.12
|
0.24
|
0.17
|
0.01
|
T15W1
|
ZKG1821
|
63.03
|
63.85
|
826
|
0.82
|
373
|
0.52
|
0.25
|
0.05
|
0.05
|
T15W2
|
ZKG1447
|
67.99
|
68.56
|
818
|
0.57
|
7,140
|
30.79
|
0.92
|
0.04
|
1.43
|
T15W2
|
ZKG1437
|
73.12
|
73.67
|
806
|
0.55
|
1,246
|
1.09
|
0.09
|
0.05
|
0.16
|
T15W2
|
ZKG1441
|
82.74
|
83.25
|
798
|
0.51
|
646
|
13.14
|
0.10
|
0.11
|
0.05
|
T15W2
|
ZKG1226
|
40.17
|
41.60
|
694
|
1.43
|
162
|
1.02
|
0.40
|
0.02
|
0.03
|
T15W2
|
ZKG1024
|
39.63
|
40.18
|
678
|
0.55
|
909
|
0.76
|
0.25
|
|
|
T15W2
|
ZKG1821
|
122.47
|
123.08
|
817
|
0.61
|
1,036
|
0.76
|
0.25
|
0.05
|
0.20
|
T15W4
|
ZKT0716
|
61.96
|
62.53
|
794
|
0.57
|
672
|
1.41
|
1.34
|
0.05
|
0.06
|
T15W4
|
ZKG0111
|
92.43
|
92.95
|
621
|
0.52
|
103
|
3.05
|
0.08
|
|
|
T15W4
|
ZKG1447
|
188.43
|
188.98
|
787
|
0.55
|
2,778
|
2.40
|
2.56
|
0.02
|
0.21
|
T16
|
ZKT1365
|
178.41
|
179.04
|
780
|
0.63
|
635
|
4.54
|
1.04
|
0.07
|
0.11
|
T16
|
ZKG1437
|
212.50
|
214.58
|
749
|
2.08
|
2,204
|
5.13
|
0.43
|
0.05
|
0.51
|
T16
|
ZKG1441
|
240.19
|
241.39
|
727
|
1.20
|
3,437
|
2.09
|
1.55
|
0.05
|
0.22
|
T16
|
ZKG0852
|
39.02
|
39.54
|
712
|
0.52
|
502
|
1.71
|
0.42
|
|
|
T16
|
ZKG1023
|
38.65
|
39.20
|
710
|
0.55
|
465
|
1.38
|
1.05
|
|
0.06
|
T16
|
ZKG1012
|
45.94
|
46.44
|
691
|
0.50
|
281
|
2.37
|
0.18
|
0.05
|
0.01
|
T16
|
ZKG0847
|
59.22
|
61.09
|
684
|
1.87
|
8,254
|
11.71
|
1.30
|
|
|
T16
|
ZKG0452
|
63.17
|
63.78
|
645
|
0.61
|
310
|
0.62
|
0.54
|
0.14
|
0.01
|
T16
|
ZKG0360
|
199.06
|
201.45
|
576
|
2.39
|
84
|
2.91
|
0.44
|
0.16
|
0.02
|
T16
|
ZKG0535
|
214.82
|
216.01
|
560
|
1.19
|
343
|
19.10
|
2.95
|
1.68
|
0.08
|
T16
|
ZKT1017
|
50.71
|
51.32
|
973
|
0.61
|
313
|
3.17
|
0.30
|
0.03
|
0.02
|
T16E1
|
ZKG1022
|
15.13
|
15.65
|
704
|
0.52
|
420
|
0.89
|
0.36
|
|
0.05
|
T16E1
|
ZKG0852
|
81.75
|
82.26
|
725
|
0.51
|
540
|
6.43
|
0.24
|
|
|
T16W
|
ZKG1022
|
89.20
|
89.82
|
719
|
0.62
|
414
|
5.38
|
1.45
|
|
0.02
|
T16W
|
ZKG1816
|
308.92
|
309.46
|
715
|
0.54
|
247
|
3.04
|
0.74
|
0.05
|
0.01
|
T16W
|
ZKG0847
|
95.45
|
96.02
|
675
|
0.57
|
20
|
5.25
|
0.43
|
|
|
T16W
|
ZKG1449
|
319.14
|
320.46
|
661
|
1.32
|
1,350
|
2.07
|
2.02
|
|
0.05
|
T16W
|
ZKG0852
|
53.88
|
55.15
|
716
|
1.27
|
537
|
0.91
|
0.10
|
|
|
T16W1
|
ZKG0107
|
113.70
|
114.24
|
597
|
0.54
|
245
|
1.83
|
1.82
|
0.59
|
0.04
|
T16W1
|
ZKT0113
|
68.27
|
68.89
|
927
|
0.62
|
253
|
0.07
|
0.10
|
0.02
|
0.02
|
T16W3
|
ZKG1814
|
208.28
|
209.82
|
857
|
1.54
|
181
|
2.03
|
0.82
|
0.05
|
0.04
|
T17
|
ZKG1810
|
221.15
|
221.74
|
753
|
0.59
|
283
|
14.98
|
0.24
|
0.03
|
0.02
|
T17
|
ZKG1816
|
221.45
|
224.88
|
749
|
3.43
|
73
|
1.80
|
0.26
|
0.05
|
0.02
|
T17
|
ZKG2211
|
234.94
|
235.54
|
732
|
0.60
|
192
|
5.66
|
0.39
|
|
|
T17
|
ZKG1438
|
263.73
|
264.25
|
712
|
0.52
|
53
|
7.18
|
0.06
|
0.02
|
0.01
|
T17
|
ZKG1449
|
299.01
|
300.60
|
672
|
1.59
|
1,028
|
3.33
|
0.33
|
|
0.05
|
T17
|
ZKG1814
|
203.27
|
205.21
|
857
|
1.94
|
419
|
2.66
|
0.54
|
0.05
|
0.14
|
T17E
|
ZKG1438
|
244.49
|
245.05
|
721
|
0.56
|
267
|
1.11
|
0.17
|
0.03
|
0.03
|
T17E
|
ZKG1820
|
16.59
|
18.21
|
696
|
1.62
|
188
|
0.72
|
0.23
|
0.05
|
0.05
|
T17E
|
ZKG1810
|
266.29
|
268.43
|
735
|
2.14
|
463
|
2.51
|
0.35
|
0.02
|
0.07
|
T17W
|
ZKG0429
|
80.78
|
81.39
|
682
|
0.61
|
135
|
4.01
|
0.36
|
|
|
T17W
|
ZKG1810
|
261.84
|
262.36
|
737
|
0.52
|
716
|
0.74
|
0.18
|
0.02
|
0.41
|
T17W2
|
ZKT3718
|
46.48
|
50.52
|
730
|
4.04
|
61
|
2.88
|
0.13
|
0.27
|
0.27
|
T20
|
ZKTDB0504
|
23.97
|
24.70
|
1,055
|
0.73
|
308
|
1.49
|
0.06
|
|
|
T21
|
ZKTDB0404
|
247.57
|
248.81
|
1,046
|
1.24
|
334
|
2.41
|
0.40
|
0.05
|
0.21
|
T21
|
ZKT0523
|
100.78
|
103.75
|
916
|
2.97
|
89
|
15.87
|
0.22
|
0.05
|
0.11
|
T21
|
ZKT3738
|
64.96
|
65.46
|
734
|
0.50
|
445
|
7.29
|
0.84
|
0.44
|
0.14
|
T21
|
ZKT3737
|
68.47
|
69.89
|
733
|
1.42
|
914
|
0.63
|
0.64
|
1.25
|
0.17
|
T21
|
ZKT3738
|
87.81
|
88.33
|
728
|
0.52
|
30
|
8.08
|
0.07
|
0.05
|
0.01
|
T21E
|
ZKT1142
|
93.10
|
93.58
|
1,012
|
0.48
|
286
|
14.66
|
0.32
|
0.02
|
0.04
|
T22
|
ZKT1129
|
133.63
|
134.24
|
830
|
0.61
|
211
|
0.73
|
0.37
|
0.11
|
0.03
|
T22
|
ZKG1810
|
300.74
|
302.32
|
723
|
1.58
|
195
|
0.80
|
0.06
|
0.03
|
0.12
|
T22E
|
ZKTDB0381
|
169.22
|
170.44
|
1,002
|
1.22
|
131
|
1.38
|
0.27
|
0.02
|
0.06
|
T22W
|
ZKTDB0009
|
22.74
|
23.35
|
1,046
|
0.61
|
2,587
|
0.72
|
0.22
|
0.05
|
0.29
|
T23
|
ZKTDB0006
|
26.43
|
28.42
|
1,032
|
1.99
|
256
|
1.20
|
0.08
|
|
|
T23
|
ZKTDB0004
|
26.34
|
26.87
|
1,029
|
0.53
|
288
|
11.11
|
0.20
|
|
|
T23
|
ZKT1354
|
19.67
|
20.30
|
808
|
0.63
|
178
|
1.69
|
0.28
|
0.03
|
0.11
|
T23
|
ZKT4712
|
98.27
|
101.25
|
681
|
2.98
|
92
|
4.78
|
0.06
|
|
|
T23
|
ZKT4716
|
114.15
|
114.93
|
669
|
0.78
|
261
|
0.70
|
0.14
|
|
|
T23
|
ZKT1574
|
167.09
|
167.74
|
580
|
0.65
|
591
|
0.81
|
0.95
|
0.19
|
0.15
|
T23
|
ZKT1574
|
163.88
|
164.48
|
581
|
0.60
|
669
|
1.28
|
2.49
|
0.20
|
0.24
|
T23E
|
ZKTDB0381
|
60.81
|
62.77
|
1,056
|
1.96
|
373
|
0.22
|
0.08
|
0.02
|
0.02
|
T23W
|
ZKTDB0381
|
156.86
|
157.39
|
1,008
|
0.53
|
304
|
1.64
|
1.18
|
0.04
|
0.06
|
T23a
|
ZKTDB0011
|
22.96
|
25.70
|
1,114
|
2.74
|
150
|
0.50
|
0.13
|
|
|
T26
|
ZKTDB0413
|
27.07
|
29.55
|
1,113
|
2.48
|
1,025
|
3.01
|
0.07
|
0.11
|
0.03
|
T26
|
ZKTDB0413
|
29.55
|
34.61
|
1,112
|
5.06
|
255
|
0.48
|
0.08
|
0.05
|
0.14
|
T26E
|
ZKTDB0426
|
99.53
|
100.22
|
1,068
|
0.69
|
193
|
0.52
|
0.06
|
|
|
T26E
|
ZKTDB0011
|
27.43
|
28.04
|
1,112
|
0.61
|
159
|
1.48
|
0.06
|
0.05
|
0.03
|
T26E1
|
ZKT0006
|
2.89
|
3.42
|
892
|
0.53
|
229
|
0.70
|
0.07
|
0.09
|
0.19
|
T26E1
|
ZKTDB0011
|
13.39
|
14.15
|
1,119
|
0.76
|
332
|
2.51
|
0.06
|
0.07
|
0.03
|
T26W
|
ZKT0613
|
126.73
|
127.24
|
886
|
0.51
|
580
|
5.87
|
0.25
|
|
|
T28
|
ZKT0802
|
80.59
|
81.35
|
866
|
0.76
|
21
|
6.27
|
0.10
|
0.05
|
|
T28
|
ZKT0802
|
80.59
|
81.35
|
866
|
0.76
|
21
|
6.27
|
0.10
|
0.05
|
|
T28
|
ZKT0404
|
126.56
|
127.08
|
871
|
0.52
|
165
|
1.32
|
0.31
|
0.03
|
0.03
|
T28E2
|
ZKT0613
|
122.73
|
123.30
|
886
|
0.57
|
141
|
1.90
|
0.30
|
|
|
T28a
|
ZKT0221
|
65.00
|
65.69
|
1,012
|
0.69
|
162
|
1.90
|
0.03
|
0.01
|
0.08
|
T29
|
ZKT0616
|
32.41
|
32.92
|
915
|
0.51
|
395
|
1.18
|
0.07
|
0.11
|
0.14
|
T31W3
|
ZKT0812
|
92.25
|
92.77
|
912
|
0.52
|
130
|
3.06
|
0.37
|
0.05
|
0.01
|
T31W3
|
ZKTDB1522
|
225.44
|
226.03
|
1,020
|
0.59
|
326
|
4.04
|
0.14
|
0.01
|
0.02
|
T33
|
ZKT1315
|
69.52
|
70.02
|
618
|
0.50
|
379
|
1.08
|
0.17
|
0.04
|
0.05
|
T33E
|
ZKT1354
|
1.27
|
2.63
|
806
|
1.36
|
134
|
0.53
|
0.32
|
0.02
|
0.01
|
T33E1
|
ZKT1315
|
83.69
|
85.19
|
610
|
1.50
|
154
|
1.32
|
0.51
|
0.01
|
0.11
|
T33E1
|
ZKT4723
|
10.50
|
11.04
|
740
|
0.54
|
401
|
1.74
|
0.48
|
|
|
T35
|
ZKT0771
|
190.81
|
191.32
|
878
|
0.51
|
169
|
8.58
|
1.52
|
0.03
|
0.03
|
T35E
|
ZKT0711
|
118.10
|
120.85
|
825
|
2.75
|
136
|
1.99
|
0.28
|
0.02
|
0.02
|
T35E
|
ZKT0523
|
233.46
|
233.96
|
907
|
0.50
|
566
|
0.91
|
0.21
|
0.05
|
0.19
|
T35E1
|
ZKT0771
|
231.20
|
231.74
|
868
|
0.54
|
669
|
1.54
|
0.45
|
0.03
|
0.10
|
T35E2
|
ZKTDB0201
|
161.59
|
162.22
|
946
|
0.63
|
347
|
1.15
|
0.18
|
0.11
|
0.11
|
T38
|
ZKT2926
|
113.66
|
114.19
|
829
|
0.53
|
569
|
6.31
|
0.17
|
0.05
|
0.05
|
T38
|
ZKT2927
|
121.02
|
122.93
|
828
|
1.91
|
576
|
0.65
|
0.58
|
0.05
|
0.02
|
T38
|
ZKT2925
|
106.81
|
107.35
|
805
|
0.54
|
464
|
3.39
|
5.48
|
0.16
|
0.02
|
T38
|
ZKG0105
|
70.07
|
71.92
|
797
|
1.85
|
220
|
5.85
|
0.19
|
0.03
|
0.05
|
T38
|
ZKG0104
|
82.94
|
83.57
|
796
|
0.63
|
948
|
3.00
|
2.24
|
0.02
|
0.15
|
T38
|
ZKT0709
|
52.12
|
52.62
|
794
|
0.50
|
196
|
0.47
|
0.49
|
0.05
|
0.02
|
T38
|
ZKT0529
|
46.13
|
46.95
|
793
|
0.82
|
326
|
5.67
|
1.26
|
0.05
|
0.12
|
T38
|
ZKT0710
|
51.13
|
51.67
|
793
|
0.54
|
581
|
6.04
|
0.66
|
0.03
|
0.03
|
T38
|
ZKG0325
|
96.57
|
97.43
|
752
|
0.86
|
3,475
|
2.22
|
1.52
|
0.75
|
0.07
|
T38
|
ZKT2928
|
209.12
|
209.70
|
820
|
0.58
|
445
|
0.68
|
0.25
|
0.05
|
0.02
|
T39
|
ZKT2925
|
173.10
|
173.72
|
784
|
0.62
|
199
|
1.55
|
0.73
|
0.03
|
0.03
|
T39E2
|
ZKT2927
|
167.57
|
168.07
|
824
|
0.50
|
308
|
0.26
|
0.05
|
0.05
|
0.02
|
T39W
|
ZKT2928
|
171.00
|
171.51
|
824
|
0.51
|
373
|
1.14
|
0.22
|
0.05
|
0.01
|
T39W
|
ZKT2925
|
150.01
|
150.61
|
791
|
0.60
|
420
|
0.58
|
0.28
|
0.03
|
0.01
|
T39W
|
ZKG1030
|
94.18
|
94.82
|
820
|
0.64
|
71
|
4.23
|
0.42
|
|
|
NA[1]
|
[1] New vein with no
vein ID
|
Quality Control
Drill cores are NQ size. Drill core samples, limited by apparent
mineralization contacts or shear/alteration contacts, were split
into halves by sawing. The half cores are stored in the Company's
core shacks for future reference and checks, and the other half
core samples are shipped in securely sealed bags to the Chengde
Huakan 514 Geology and Minerals Test and Research Institute in
Chengde, Hebei Province,
China, 226 km northeast of
Beijing, the Zhengzhou Nonferrous
Exploration Institute Lab in Zhengzhou, Henan
Province, China, and SGS in
Tianjin, China. All three labs are
ISO9000 certified analytical labs. For analysis, the sample is
dried and crushed to minus 1 mm and then split into a 200-300 g
subsample which is further pulverized to minus 200 mesh. Two
subsamples are prepared from the pulverized sample. One is digested
with aqua regia for gold analysis with atomic absorption
spectroscopy ("AAS"), and the other is digested by two-acid
digestion for analysis of silver, lead, zinc, and copper with
AAS.
Channel samples are collected along sample lines perpendicular
to the mineralized vein structure in exploration tunnels. Spacing
between sampling lines is typically 5
m along strike. Both the mineralized vein and the altered
wall rocks are cut by continuous chisel chipping. Sample length
ranges from 0.2 m to more than
1 m, depending on the width of the
mineralized vein and the mineralization type. Channel samples are
prepared and assayed with AAS at Silvercorp's mine laboratory
("Ying Lab") located at the mill complex in Luoning County,
Henan Province, China. The Ying lab is officially accredited
by the Quality and Technology Monitoring Bureau of Henan Province and is qualified to provide
analytical services. The channel samples are dried, crushed and
pulverized. A 200 g sample of minus 160 mesh is prepared for assay.
A duplicate sample of minus 1 mm is made and kept in the laboratory
archives. Gold is analysed by fire assay with AAS finish, while
silver, lead, zinc, and copper are assayed by two-acid digestion
with AAS finish.
A routine quality assurance/quality control ("QA/QC") procedure
is adopted to monitor the analytical quality at each lab. Certified
reference materials (CRMs), pulp duplicates and blanks are inserted
into each batch of lab samples. QA/QC data at the lab are attached
to the assay certificates for each batch of samples.
The Company maintains its own comprehensive QA/QC program to
ensure best practices in sample preparation and analysis of the
exploration samples. Project geologists regularly insert CRMs,
field duplicates and blanks to each batch of 30 core samples to
monitor the sample preparation and analysis procedures at the labs.
The analytical quality of the labs is further evaluated with
external checks by sending approximately 3-5% of the pulp samples
to higher level labs to check for lab bias. Data from both
the Company's and the labs' QA/QC programs are reviewed on a timely
basis by project geologists.
Guoliang Ma, P. Geo., Manager of
Exploration and Resource of the Company, is the Qualified Person
for Silvercorp under NI 43-101 and has reviewed and given consent
to the technical information contained in this news release.
About Silvercorp
Silvercorp is a profitable Canadian mining company producing
silver, lead and zinc metals in concentrates from mines in
China. The Company's goal is to
continuously create healthy returns to shareholders through
efficient management, organic growth and the acquisition of
profitable projects. Silvercorp balances profitability, social and
environmental relationships, employees' wellbeing, and sustainable
development. For more information, please visit our website
at www.silvercorp.ca.
CAUTIONARY DISCLAIMER - FORWARD LOOKING
STATEMENTS
Certain of the statements and information in this press
release constitute "forward-looking statements" within the meaning
of the United States Private Securities Litigation Reform Act of
1995 and "forward-looking information" within the meaning of
applicable Canadian provincial securities laws. Any statements or
information that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance (often, but not always,
using words or phrases such as "expects", "is expected",
"anticipates", "believes", "plans", "projects", "estimates",
"assumes", "intends", "strategies", "targets", "goals",
"forecasts", "objectives", "budgets", "schedules", "potential" or
variations thereof or stating that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur
or be achieved, or the negative of any of these terms and similar
expressions) are not statements of historical fact and may be
forward-looking statements or information. Forward-looking
statements or information relate to, among other things: the price
of silver and other metals; the accuracy of mineral resource and
mineral reserve estimates at the Company's material properties; the
sufficiency of the Company's capital to finance the Company's
operations; estimates of the Company's revenues and capital
expenditures; estimated production from the Company's mines in the
Ying Mining District; timing of receipt of permits and regulatory
approvals; availability of funds from production to finance the
Company's operations; and access to and availability of funding for
future construction, use of proceeds from any financing and
development of the Company's properties.
Forward-looking statements or information are subject to a
variety of known and unknown risks, uncertainties and other factors
that could cause actual events or results to differ from those
reflected in the forward-looking statements or information,
including, without limitation, social and economic impacts of
COVID-19; risks relating to: fluctuating commodity prices;
calculation of resources, reserves and mineralization and precious
and base metal recovery; interpretations and assumptions of mineral
resource and mineral reserve estimates; exploration and development
programs; feasibility and engineering reports; permits and
licenses; title to properties; property interests; joint
venture partners; acquisition of commercially mineable mineral
rights; financing; recent market events and conditions; economic
factors affecting the Company; timing, estimated amount, capital
and operating expenditures and economic returns of future
production; integration of future acquisitions into the Company's
existing operations; competition; operations and
political conditions; regulatory environment in China and Canada; environmental risks;
legislative and regulatory initiatives addressing global climate
change or other environmental concerns; foreign exchange rate
fluctuations; insurance; risks and hazards of mining operations;
key personnel; conflicts of interest; dependence on management;
internal control over financial reporting as per the requirements
of the Sarbanes-Oxley Act; and bringing actions and enforcing
judgments under U.S. securities laws.
This list is not exhaustive of the factors that may affect
any of the Company's forward-looking statements or information.
Forward-looking statements or information are statements about the
future and are inherently uncertain, and actual achievements of the
Company or other future events or conditions may differ materially
from those reflected in the forward-looking statements or
information due to a variety of risks, uncertainties and other
factors, including, without limitation, those referred to in the
Company's Annual Information Form under the heading "Risk Factors"
and in the Company's Annual Report on Form 40-F, and in the
Company's other filings with Canadian and U.S securities
regulators. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially, there may be other factors that cause results not to be
as anticipated, estimated, described or intended.
Accordingly, readers should not place undue reliance on
forward-looking statements or information.
The Company's forward-looking statements and information are
based on the assumptions, beliefs, expectations and opinions of
management as of the date of this press release, and other than as
required by applicable securities laws, the Company does not assume
any obligation to update forward-looking statements and information
if circumstances or management's assumptions, beliefs, expectations
or opinions should change, or changes in any other events affecting
such statements or information. For the reasons set forth above,
investors should not place undue reliance on forward-looking
statements and information.
Additional information related to the Company, including
Silvercorp's Annual Information Form, can be obtained under the
Company's profile on SEDAR at www.sedar.com, on EDGAR at
www.sec.gov, and on the Company's website at
www.silvercorpmetals.com.
For further information
Lon Shaver
Vice President
Silvercorp Metals
Inc.
Phone: (604) 669-9397
Toll Free: 1 (888) 224-1881
Email: investor@silvercorp.ca
Website:
www.silvercorpmetals.com
CAUTIONARY NOTE TO US INVESTORS
The disclosure in this news release and referred to herein
was prepared in accordance with NI 43-101 which differs
significantly from the requirements of the U.S. Securities and
Exchange Commission (the "SEC"). The terms "proven mineral
reserve," "probable mineral reserve" and "mineral reserves" used in
this news release are in reference to the mining terms defined in
the Canadian Institute of Mining, Metallurgy and Petroleum
Standards (the "CIM Definition Standards"), which definitions have
been adopted by NI 43-101. Accordingly, information contained in
this news release providing descriptions of our mineral deposits in
accordance with NI 43-101 may not be comparable to similar
information made public by other U.S. companies subject to
the United States federal
securities laws and the rules and regulations thereunder.
Investors are cautioned not to assume that any part or all of
mineral resources will ever be converted into reserves. Pursuant to
CIM Definition Standards, "Inferred mineral resources" are that
part of a mineral resource for which quantity and grade or quality
are estimated on the basis of limited geological evidence and
sampling. Such geological evidence is sufficient to imply but not
verify geological and grade or quality continuity. An inferred
mineral resource has a lower level of confidence than that applying
to an indicated mineral resource and must not be converted to a
mineral reserve. However, it is reasonably expected that the
majority of inferred mineral resources could be upgraded to
indicated mineral resources with continued exploration. Under
Canadian rules, estimates of inferred mineral resources may not
form the basis of feasibility or pre-feasibility studies, except in
rare cases. Investors are cautioned not to assume that all or any
part of an inferred mineral resource is economically or legally
mineable. Disclosure of "contained ounces" in a resource is
permitted disclosure under Canadian regulations; however, the SEC
normally only permits issuers to report mineralization that does
not constitute "reserves" by SEC standards as in place tonnage and
grade without reference to unit measures.
Canadian standards, including the CIM Definition Standards
and NI 43-101, differ significantly from standards in the SEC
Industry Guide 7. Effective February 25,
2019, the SEC adopted new mining disclosure rules under
subpart 1300 of Regulation S-K of the United States Securities Act
of 1933, as amended (the "SEC Modernization Rules"), with
compliance required for the first fiscal year beginning on or after
January 1, 2021. The SEC Modernization Rules replace the
historical property disclosure requirements included in SEC
Industry Guide 7. As a result of the adoption of the SEC
Modernization Rules, the SEC now recognizes estimates of "Measured
Mineral Resources," "Indicated Mineral Resources" and "Inferred
Mineral Resources." In addition, the SEC has amended its
definitions of "Proven Mineral Reserves" and "Probable Mineral
Reserves" to be substantially similar to corresponding definitions
under the CIM Definition Standards. During the period leading up to
the compliance date of the SEC Modernization Rules, information
regarding mineral resources or reserves contained or referenced in
this news release may not be comparable to similar information made
public by companies that report according to U.S. standards. While
the SEC Modernization Rules are purported to be "substantially
similar" to the CIM Definition Standards, readers are cautioned
that there are differences between the SEC Modernization Rules and
the CIM Definitions Standards. Accordingly, there is no assurance
any mineral reserves or mineral resources that the Company may
report as "proven mineral reserves", "probable mineral reserves",
"measured mineral resources", "indicated mineral resources" and
"inferred mineral resources" under NI 43-101 would be the same had
the Company prepared the reserve or resource estimates under the
standards adopted under the SEC Modernization Rules.
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SOURCE Silvercorp Metals Inc