Silvercorp Reports High-Grade Silver Drill Results at The TLP Mine
Trading Symbol TSX: SVM
NYSE American: SVM
High-grade intercepts of Ag mineralization in the
-
Surface hole ZKTDB0102 intersected 2,186 grams per tonne ("g/t") silver ("Ag"), 6.80% lead ("Pb"), 0.35% zinc ("Zn"), 0.11 g/t gold ("Au"), and 0.43% copper ("Cu") over a 2.29 metre ("m") interval of vein T1W2 at the 1,014 m elevation
-
Surface hole ZKTDB0207 intersected 948 g/t Ag, and 0.47% Pb over a 0.55 m interval of vein T28E at the 1,104 m elevation; and 1,453 g/t Ag, 4.58% Pb, 1.69% Zn, and 0.53% Cu over a 0.66 m interval of vein T1 at the 1,097 m elevation
-
Underground
h
ole ZKT0839 intersected 1,646 g/t Ag, 2.92% Pb, 1.53% Zn, and 0.33% Cu over a 0.60 m interval of vein T14E at the 912 m elevation; and 1,045 g/t Au, 7.03% Pb, 0.58% Zn, 0.09 g/t Au, and 0.12% Cu over a 1.13m interval of vein T16E2 at the 897 m elevation, and
- Underground hole ZKT1008 intersected 938 g/t Ag, 7.97% Pb, 0.62% Zn, 0.12 g/t Au, and 0.17% Cu over a 1.73 m interval of vein T14E at the 918 m elevation
High-grade Ag intercepts at the
-
Underground hole ZKG1830 intersected 5,955 g/t Ag, 1.53% Pb, 0.98% Zn, 0.05 g/t Au, and 0.21% Cu over an 0.60 m interval of vein T22E2 at the 757 m elevation; and 1,737 g/t Ag, 12.60% Pb, 0.9% Zn, and 0.20 g/t Au over a 0.59 m interval of vein T16W at the 743 m elevation
-
Underground hole ZKG0324 intersected 442 g/t Ag, 9.65% Pb, 0.13% Zn, 0.10 g/t Au, and 0.09% Cu over a 3.24 m interval of vein T15W at the 773 m elevation, and
- Underground hole ZKT1317 intersected 661 g/t Ag, 1.07% Pb, 0.68% Zn, 0.44 g/t Au, and 0.71% Cu over a 1.94 m interval of vein T1W1 at the 638 m elevation; and 1,004 g/t Ag, 2.43% Pb, 6.22% Zn, 0.70 g/t Au, and 0.20% Cu over a 0.52 m interval of vein T1 at the 631 m elevation
From
This drilling program has been focused on two target areas: 1) silver-lead vein structures in the resource area at higher elevations, close to surface (
1)
Drilling Near-Surface Ag-Pb Vein Structures within
In addition to the 23 surface drill holes, which account for over 12.8% of the drill holes in this program, many underground holes drilled also targeted the vein structures at higher elevations above 900 m elevation. High-grade Ag-Pb vein structures intersected include the T1 series, T2, T3, T14 series, T15 series, T16 series, T23 series, T26 series, and T28 series (Table 1).
2)
Drilling Above or Beneath Previously-Mined Stopes within
Most holes drilled during this period targeted blocks of known Ag-Pb vein structures that were previously missed due to limited drilling or tunneling, or 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, T11 series, T15 series, T16 series, T23 series, and T31 series, and the east-dipping T14, T22 series, and T28 series. These intercepts are expected to significantly expand and upgrade resources. Since the ramps and access tunnels are already in place, these defined high-grade blocks could be quickly developed and mined.
Table 1: Selected intercepts at the TLP mine in the reporting period
Hole ID |
From |
To |
Elevation |
interval |
Ag |
Pb |
Zn |
Au |
Cu |
Vein |
Zone |
ZKG0142 |
89.70 |
90.44 |
581 |
0.74 |
449 |
2.22 |
1.23 |
0.68 |
0.34 |
T15W |
P |
ZKG0207 |
121.60 |
122.10 |
585 |
0.50 |
78 |
2.33 |
0.24 |
0.09 |
0.23 |
T11E1 |
P |
ZKG0207 |
167.08 |
167.62 |
581 |
0.54 |
171 |
1.11 |
0.21 |
0.57 |
0.04 |
T11E2 |
P |
ZKG0320 |
46.08 |
47.73 |
775 |
1.65 |
198 |
2.05 |
0.46 |
0.05 |
0.04 |
T15W |
P |
ZKG0324 |
46.00 |
49.24 |
773 |
3.24 |
442 |
9.65 |
0.13 |
0.10 |
0.09 |
T15W |
P |
ZKG0324 |
77.12 |
78.09 |
754 |
0.97 |
127 |
0.93 |
0.11 |
0.05 |
0.01 |
T11 |
P |
ZKG0327 |
65.45 |
66.05 |
788 |
0.60 |
245 |
0.47 |
0.01 |
0.12 |
0.01 |
T11 |
P |
ZKG0815 |
183.80 |
184.33 |
722 |
0.53 |
68 |
4.93 |
0.22 |
0.01 |
0.01 |
T15W |
P |
ZKG0818 |
178.84 |
179.35 |
714 |
0.51 |
1,143 |
2.75 |
0.35 |
0.22 |
0.11 |
T15W1 |
P |
ZKG1611 |
25.89 |
27.16 |
748 |
1.27 |
387 |
1.07 |
0.28 |
0.05 |
0.18 |
T22E3 |
P |
ZKG1612 |
57.19 |
57.70 |
748 |
0.51 |
232 |
0.55 |
0.03 |
0.05 |
0.03 |
T16W1 |
P |
ZKG1613 |
123.64 |
124.19 |
743 |
0.55 |
477 |
0.70 |
0.22 |
0.05 |
0.04 |
T15W4 |
P |
ZKG1811 |
2.07 |
2.59 |
761 |
0.52 |
183 |
1.15 |
0.11 |
0.05 |
0.03 |
T22E |
P |
ZKG1812 |
1.82 |
3.50 |
762 |
1.68 |
525 |
1.34 |
0.25 |
0.05 |
0.05 |
T22E |
P |
ZKG1830 |
15.37 |
15.97 |
757 |
0.60 |
5,955 |
1.53 |
0.98 |
0.05 |
0.21 |
T22E2 |
P |
ZKG1830 |
68.16 |
69.25 |
747 |
1.09 |
80 |
2.70 |
0.24 |
0.05 |
0.02 |
T22E |
P |
ZKG1830 |
87.68 |
88.27 |
743 |
0.59 |
1,737 |
12.60 |
0.09 |
0.20 |
0.04 |
T16W |
P |
ZKG1833 |
137.76 |
138.79 |
738 |
1.03 |
634 |
1.10 |
0.19 |
0.01 |
0.06 |
T15W2 |
P |
ZKG1844 |
70.07 |
71.26 |
735 |
1.19 |
223 |
2.67 |
0.12 |
0.05 |
0.13 |
T22E |
P |
ZKG1844 |
86.14 |
86.70 |
729 |
0.56 |
1,089 |
2.30 |
1.57 |
0.05 |
0.09 |
T16W |
P |
ZKG2009 |
75.96 |
77.43 |
815 |
1.47 |
7 |
0.07 |
0.01 |
2.26 |
0.01 |
T16 |
P |
ZKG2011 |
87.34 |
87.85 |
728 |
0.51 |
648 |
0.45 |
0.93 |
0.03 |
0.02 |
T16W |
P |
ZKG2204 |
149.99 |
150.49 |
823 |
0.50 |
386 |
0.52 |
0.12 |
0.01 |
0.03 |
T16W |
P |
ZKG2206 |
156.66 |
157.38 |
787 |
0.72 |
77 |
1.80 |
0.17 |
0.05 |
0.03 |
T16W |
P |
ZKG2405 |
110.07 |
110.57 |
830 |
0.50 |
69 |
1.78 |
6.66 |
0.41 |
0.09 |
T17W2 |
P |
ZKT0109 |
23.30 |
23.83 |
890 |
0.53 |
376 |
9.76 |
0.05 |
0.01 |
0.01 |
T1W |
P |
ZKT0109 |
33.16 |
33.73 |
889 |
0.57 |
292 |
6.43 |
0.11 |
0.01 |
0.01 |
T1 |
P |
ZKT0109 |
121.00 |
121.69 |
882 |
0.69 |
296 |
1.77 |
0.27 |
0.01 |
0.01 |
T2W1 |
P |
ZKT0827 |
41.17 |
42.79 |
917 |
1.62 |
295 |
1.72 |
0.19 |
0.01 |
0.01 |
T11 |
P |
ZKT0840 |
12.83 |
13.78 |
917 |
0.95 |
107 |
0.78 |
0.14 |
0.05 |
0.01 |
T15 |
P |
ZKT0840 |
109.34 |
109.89 |
878 |
0.55 |
47 |
4.22 |
0.17 |
0.05 |
0.01 |
T11E4 |
P |
ZKT0843 |
5.78 |
6.42 |
920 |
0.64 |
245 |
0.42 |
0.12 |
0.05 |
0.01 |
T15W |
P |
ZKT0843 |
14.80 |
15.58 |
916 |
0.78 |
846 |
0.82 |
0.26 |
0.05 |
0.13 |
T15 |
P |
ZKT1007 |
105.96 |
107.63 |
910 |
1.67 |
440 |
4.02 |
0.93 |
0.05 |
0.13 |
T31W3 |
P |
ZKT1009 |
205.80 |
206.30 |
816 |
0.50 |
201 |
5.04 |
0.18 |
0.05 |
0.06 |
T1W2 |
P |
ZKT1010 |
73.02 |
73.52 |
888 |
0.50 |
22 |
10.14 |
0.10 |
0.05 |
0.01 |
T28 |
P |
ZKT1010 |
166.09 |
166.60 |
877 |
0.51 |
149 |
5.32 |
0.27 |
0.05 |
0.03 |
T1W2 |
P |
ZKT1166 |
115.99 |
116.59 |
640 |
0.60 |
85 |
1.48 |
0.31 |
0.35 |
0.24 |
T1W1 |
P |
ZKT1316 |
120.49 |
121.09 |
642 |
0.60 |
231 |
2.48 |
0.12 |
0.16 |
0.12 |
T1W1 |
P |
ZKT1317 |
84.92 |
85.50 |
643 |
0.58 |
222 |
0.03 |
0.01 |
0.05 |
0.01 |
T23 |
P |
ZKT1317 |
104.42 |
105.08 |
640 |
0.66 |
194 |
1.70 |
0.04 |
0.49 |
0.02 |
T1W2 |
P |
ZKT1317 |
114.72 |
116.66 |
638 |
1.94 |
661 |
1.07 |
0.68 |
0.44 |
0.71 |
T1W1 |
P |
ZKT1317 |
134.53 |
135.03 |
635 |
0.50 |
148 |
1.47 |
0.07 |
0.26 |
0.48 |
T1W4 |
P |
ZKT1317 |
164.10 |
164.62 |
631 |
0.52 |
1,004 |
2.43 |
6.22 |
0.70 |
0.20 |
T1 |
P |
ZKT1338 |
124.37 |
125.62 |
646 |
1.25 |
146 |
0.38 |
0.21 |
0.26 |
0.12 |
T1W2 |
P |
ZKT1338 |
134.58 |
135.09 |
645 |
0.51 |
383 |
1.19 |
1.48 |
0.63 |
0.20 |
T1W1 |
P |
ZKT1516 |
53.54 |
54.21 |
650 |
0.67 |
236 |
2.38 |
0.13 |
0.10 |
0.13 |
T33E1 |
P |
ZKT1516 |
147.10 |
150.04 |
639 |
2.94 |
108 |
0.67 |
0.27 |
0.42 |
0.33 |
T1W1 |
P |
ZKT1516 |
208.70 |
209.25 |
631 |
0.55 |
269 |
1.68 |
1.67 |
1.33 |
0.12 |
T2W |
P |
ZKT3311 |
37.49 |
38.60 |
743 |
1.11 |
84 |
1.14 |
0.12 |
0.13 |
0.04 |
T23 |
P |
ZKT3312 |
36.97 |
37.52 |
742 |
0.55 |
244 |
0.73 |
0.75 |
0.72 |
0.03 |
T23 |
P |
ZKT3312 |
88.34 |
89.12 |
733 |
0.78 |
29 |
3.96 |
0.06 |
0.05 |
0.13 |
T2 |
P |
ZKT3314 |
94.80 |
95.56 |
717 |
0.76 |
21 |
2.64 |
0.07 |
0.21 |
0.53 |
T2 |
P |
ZKT3314 |
116.39 |
117.19 |
709 |
0.80 |
20 |
6.62 |
0.09 |
0.05 |
0.49 |
T14 |
P |
ZKT3713 |
152.15 |
153.50 |
714 |
1.35 |
65 |
5.91 |
0.30 |
0.11 |
0.01 |
T33W |
P |
ZKT3912 |
0.00 |
1.05 |
799 |
1.05 |
188 |
0.09 |
0.57 |
0.05 |
0.01 |
T30 |
P |
ZKT3912 |
61.53 |
62.42 |
788 |
0.89 |
211 |
3.15 |
0.15 |
0.28 |
0.08 |
T31W |
P |
ZKT3921 |
44.37 |
44.89 |
789 |
0.52 |
116 |
1.65 |
0.10 |
0.05 |
0.01 |
T21 |
P |
ZKT4102 |
112.16 |
112.96 |
718 |
0.80 |
18 |
0.97 |
0.10 |
5.28 |
0.03 |
T2W |
P |
ZKT4110 |
54.67 |
55.49 |
787 |
0.82 |
234 |
0.62 |
0.29 |
0.05 |
0.04 |
T31 |
P |
ZKT4116 |
0.00 |
1.25 |
802 |
1.25 |
343 |
0.43 |
0.07 |
0.05 |
0.01 |
T23W |
P |
ZKT4116 |
3.16 |
3.85 |
801 |
0.69 |
231 |
1.97 |
0.04 |
0.05 |
0.01 |
T23 |
P |
ZKT4116 |
30.35 |
31.39 |
792 |
1.04 |
123 |
1.76 |
0.13 |
0.05 |
0.24 |
T2 |
P |
ZKT4116 |
32.38 |
33.36 |
791 |
0.98 |
26 |
2.60 |
0.58 |
0.05 |
0.00 |
T2E1 |
P |
ZKT4117 |
1.49 |
2.06 |
801 |
0.57 |
169 |
0.16 |
0.05 |
0.01 |
0.01 |
T23W |
P |
ZKT4117 |
6.18 |
6.71 |
800 |
0.53 |
138 |
0.36 |
0.06 |
0.01 |
0.01 |
T23 |
P |
ZKT4117 |
28.52 |
30.10 |
794 |
1.58 |
55 |
2.49 |
0.18 |
0.01 |
0.01 |
T2 |
P |
ZKT4117 |
53.17 |
56.04 |
788 |
2.87 |
81 |
1.81 |
0.17 |
0.01 |
0.01 |
T3E |
P |
ZKT4133 |
37.03 |
37.60 |
774 |
0.57 |
62 |
8.19 |
0.27 |
0.05 |
0.01 |
T31W3 |
P |
ZKT4133 |
51.61 |
52.22 |
772 |
0.61 |
113 |
4.44 |
0.16 |
0.05 |
0.01 |
T3E |
P |
ZKT4133 |
78.63 |
79.32 |
770 |
0.69 |
63 |
5.99 |
0.13 |
0.27 |
0.08 |
T31 |
P |
ZKT4310 |
47.13 |
47.81 |
768 |
0.68 |
83 |
5.27 |
0.07 |
0.05 |
0.41 |
T31W3 |
P |
ZKT4318 |
90.46 |
91.87 |
732 |
1.41 |
33 |
1.03 |
0.08 |
1.88 |
0.03 |
T23 |
P |
ZKT4319 |
3.01 |
4.83 |
800 |
1.82 |
191 |
0.55 |
0.04 |
0.05 |
0.02 |
T23W |
P |
ZKT4321 |
63.93 |
64.43 |
793 |
0.50 |
211 |
2.49 |
0.26 |
0.05 |
0.17 |
T2 |
P |
ZKT4325 |
43.71 |
47.07 |
795 |
3.36 |
153 |
3.35 |
0.65 |
0.30 |
0.01 |
T23 |
P |
ZKT4325 |
64.35 |
65.89 |
792 |
1.54 |
251 |
2.39 |
0.23 |
0.12 |
0.19 |
T2 |
P |
ZKT4326 |
53.18 |
54.15 |
809 |
0.97 |
137 |
0.28 |
0.04 |
0.01 |
0.01 |
T23 |
P |
ZKT4327 |
52.33 |
53.51 |
810 |
1.18 |
114 |
1.86 |
0.07 |
0.12 |
0.04 |
T23 |
P |
ZKT4327 |
80.31 |
80.95 |
815 |
0.64 |
127 |
0.43 |
0.09 |
0.01 |
0.04 |
T2 |
P |
ZKT4329 |
155.76 |
156.44 |
671 |
0.68 |
9 |
3.59 |
0.03 |
0.10 |
0.00 |
T20 |
P |
ZKT4511 |
151.66 |
153.13 |
706 |
1.47 |
30 |
13.92 |
0.04 |
2.20 |
0.01 |
T2 |
P |
ZKT4511 |
157.64 |
158.43 |
704 |
0.79 |
18 |
3.96 |
0.21 |
0.05 |
0.04 |
T2E1 |
P |
ZKT4511 |
160.65 |
161.70 |
704 |
1.05 |
21 |
6.00 |
0.42 |
0.12 |
0.08 |
T3 |
P |
ZKT4512 |
147.17 |
147.67 |
692 |
0.50 |
14 |
5.99 |
1.20 |
0.05 |
0.09 |
T2E1 |
P |
ZKT4512 |
150.80 |
152.14 |
690 |
1.34 |
17 |
3.48 |
0.04 |
0.05 |
0.02 |
T3 |
P |
ZKT0124 |
9.98 |
10.93 |
965 |
0.95 |
242 |
0.05 |
0.10 |
0.02 |
0.05 |
T22W1 |
SF |
ZKT0125 |
24.99 |
25.95 |
957 |
0.96 |
192 |
2.21 |
0.17 |
0.12 |
0.19 |
T22W |
SF |
ZKT0125 |
42.88 |
46.08 |
949 |
3.20 |
219 |
2.32 |
0.28 |
0.07 |
0.03 |
T26E |
SF |
ZKT0148 |
51.25 |
55.54 |
963 |
4.29 |
227 |
2.88 |
0.10 |
0.17 |
0.03 |
T1W1 |
SF |
ZKT0149 |
53.91 |
55.51 |
962 |
1.60 |
300 |
4.67 |
0.15 |
0.12 |
0.05 |
T1W1 |
SF |
ZKT0149 |
136.37 |
136.93 |
950 |
0.56 |
77 |
2.64 |
0.07 |
0.02 |
0.02 |
T23 |
SF |
ZKT0207 |
60.15 |
61.67 |
957 |
1.52 |
186 |
1.07 |
0.06 |
0.05 |
0.06 |
T1W2a1 |
SF |
ZKT0208 |
55.38 |
56.31 |
958 |
0.93 |
111 |
1.06 |
0.12 |
0.01 |
0.06 |
T26E |
SF |
ZKT0209 |
128.07 |
128.64 |
945 |
0.57 |
28 |
2.64 |
0.37 |
0.05 |
0.01 |
T28E1 |
SF |
ZKT0209 |
149.40 |
149.99 |
941 |
0.59 |
178 |
0.36 |
0.06 |
0.05 |
0.01 |
T28E2 |
SF |
ZKT0235 |
80.20 |
80.70 |
1,021 |
0.50 |
654 |
3.45 |
0.21 |
0.05 |
0.14 |
T2W2 |
SF |
ZKT0248 |
69.99 |
71.70 |
956 |
1.71 |
184 |
5.61 |
0.11 |
0.05 |
0.14 |
T26E |
SF |
ZKT0258 |
15.83 |
16.37 |
1,045 |
0.54 |
150 |
2.24 |
0.08 |
0.05 |
0.02 |
T1W2a |
SF |
ZKT0612 |
173.30 |
174.59 |
885 |
1.29 |
432 |
3.10 |
0.22 |
0.05 |
0.04 |
T16 |
SF |
ZKT0617 |
54.62 |
55.15 |
907 |
0.53 |
620 |
2.86 |
1.05 |
0.01 |
0.01 |
T16E2 |
SF |
ZKT0617 |
64.51 |
65.10 |
904 |
0.59 |
232 |
0.76 |
0.38 |
0.01 |
0.01 |
T16E3 |
SF |
ZKT0617 |
98.93 |
99.44 |
894 |
0.51 |
425 |
1.16 |
0.37 |
0.01 |
0.01 |
T16E1 |
SF |
ZKT0628 |
63.91 |
64.45 |
888 |
0.54 |
1,047 |
11.14 |
0.29 |
0.05 |
0.08 |
T11E4 |
SF |
ZKT0630 |
42.98 |
43.99 |
902 |
1.01 |
296 |
1.58 |
0.60 |
0.05 |
0.05 |
T31W3 |
SF |
ZKT0817 |
41.03 |
41.53 |
1,039 |
0.50 |
161 |
0.67 |
0.08 |
0.05 |
0.02 |
T3 |
SF |
ZKT0838 |
36.78 |
37.30 |
916 |
0.52 |
686 |
2.99 |
0.40 |
0.41 |
0.13 |
T15W1 |
SF |
ZKT0839 |
28.44 |
29.04 |
912 |
0.60 |
1,646 |
2.92 |
1.53 |
0.05 |
0.33 |
T14E |
SF |
ZKT0839 |
68.92 |
70.05 |
897 |
1.13 |
1,045 |
7.03 |
0.58 |
0.09 |
0.12 |
T16E2 |
SF |
ZKT1008 |
25.71 |
27.44 |
918 |
1.73 |
938 |
7.97 |
0.62 |
0.12 |
0.17 |
T14E |
SF |
ZKT1008 |
38.67 |
39.19 |
916 |
0.52 |
193 |
4.88 |
0.08 |
0.05 |
0.03 |
T15W1 |
SF |
ZKT1014 |
3.02 |
3.83 |
921 |
0.81 |
121 |
0.56 |
0.11 |
0.05 |
0.01 |
T15W |
SF |
ZKT1603 |
6.11 |
9.01 |
968 |
2.90 |
167 |
4.53 |
0.17 |
0.05 |
0.04 |
T2 |
SF |
ZKTDB0001 |
21.89 |
22.57 |
1,041 |
0.68 |
98 |
1.66 |
0.41 |
0.01 |
0.03 |
T23 |
SF |
ZKTDB0102 |
111.70 |
113.99 |
1,014 |
2.29 |
2,186 |
6.80 |
0.35 |
0.11 |
0.43 |
T1W2 |
SF |
ZKTDB0202 |
94.00 |
94.60 |
994 |
0.60 |
159 |
1.34 |
0.82 |
0.05 |
0.01 |
T1W2a |
SF |
ZKTDB0207 |
11.52 |
16.15 |
1,122 |
4.63 |
167 |
0.54 |
0.11 |
0.05 |
0.03 |
T1W2 |
SF |
ZKTDB0207 |
20.67 |
21.27 |
1,120 |
0.60 |
489 |
0.79 |
0.53 |
0.05 |
0.06 |
T26 |
SF |
ZKTDB0207 |
42.94 |
43.44 |
1,113 |
0.50 |
148 |
2.54 |
0.05 |
0.05 |
0.02 |
T1W1 |
SF |
ZKTDB0207 |
76.02 |
76.57 |
1,104 |
0.55 |
948 |
0.47 |
0.02 |
0.05 |
0.06 |
T28E |
SF |
ZKTDB0207 |
103.41 |
104.07 |
1,097 |
0.66 |
1,453 |
4.58 |
1.69 |
0.05 |
0.53 |
T1 |
SF |
ZKTDB0309 |
59.76 |
60.27 |
1,058 |
0.51 |
300 |
0.49 |
1.28 |
0.01 |
0.01 |
T23 |
SF |
ZKTDB0612 |
108.36 |
109.07 |
994 |
0.71 |
227 |
0.04 |
0.05 |
0.05 |
0.03 |
T16W |
SF |
ZKTDB0706 |
93.71 |
94.24 |
1,066 |
0.53 |
97 |
1.98 |
0.13 |
0.05 |
0.01 |
T14 |
SF |
ZKTDB1003 |
103.51 |
104.02 |
1,029 |
0.51 |
216 |
0.11 |
0.36 |
0.05 |
0.06 |
T16 |
SF |
ZKTDB1209 |
87.57 |
88.24 |
1,042 |
0.67 |
116 |
3.16 |
0.47 |
0.05 |
0.03 |
T16 |
SF |
ZKTDB1502 |
109.77 |
111.11 |
849 |
1.34 |
166 |
0.30 |
0.24 |
0.01 |
0.02 |
T16 |
SF |
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
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 0.4 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 (
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 CRM, 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.
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cashflow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and sound Environmental, Social, and Governance ("ESG") practices. For more information, please visit our website at www.silvercorpmetals.com.
For further information
President
Phone: (604) 669-9397
Toll Free: 1 (888) 224-1881
Email: investor@silvercorp.ca
Website: www.silvercorpmetals.com
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
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
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 for the year ended
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.
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
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
Canadian standards, including the CIM Definition Standards and NI 43-101, differ significantly from standards in the SEC Industry Guide 7. Effective
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