Silvercorp Metals Inc. ("Silvercorp” or the “Company”) (TSX/NYSE
American: SVM) is pleased to report results of its exploration
program at the TLP mine, Ying Mining District, Henan Province,
China. Extensive exploration drilling and tunneling are ongoing at
the TLP mine, and all other mines at the Ying Mining District.
From October 1, 2019 to September 30, 2020, the
drilling program at the TLP mine has targeted the down/up dip and
along-strike extensions of known mineralized vein structures in the
production areas. So far, 26,355 metres (“m”) from a total of 110
diamond drill holes, including 106 underground holes and four
surface holes, have been completed. Assay results for 71 holes have
been received with 48 holes intercepting mineralization.
Most of the underground drills were focused on
high-grade drill intercepts from previous drill programs where
mining access tunnels were developed but the mineralization was not
mined. This drilling program intersected many higher grade
silver-lead ore zones, including veins T11, T2E, T33W5 and the
newly-discovered T15W3 vein. Most of the higher grade silver-lead
zones can be mined using existing access and development tunnels,
which is expected to substantially reduce tunnel development costs
at the TLP mine going forward. Ten rigs have been drilling at the
TLP mine since July 2020 to continue identifying these types of
easily accessible zones.
Additionally, the Company continues to test for
new vein structures in previously less explored areas. The step-out
drilling in the northwest part of the TLP mine discovered new
veins, including CJ9W, CJW1, CJ11, CJ12, CJ12E, and CJ20.
Highlights of selected drill hole
intersections:
-
Hole ZKG08S01_1 intersected two
major veins:
- A 2.28m interval (2.10m true width)
of vein T15W3 grading 1,125 grams per tonne (“g/t”) silver (“Ag”),
4.43% lead (“Pb”), 0.40% zinc (“Zn”), 0.06 g/t gold (“Au”), and
0.23% copper (“Cu”) at 797m elevation, which includes a 0.53
interval (0.49m true width) grading 4,742 g/t Ag, 17.68% Pb,
1.50%Zn, 0.11 g/t Au, and 0.96% Cu; and
- A 0.80m interval from 50.60m to
51.40m (0.74m true width) of vein T11 grading 1,334 g/t Ag, 17,99%
Pb, 0.56% Zn, and 0.50% Cu at 778m elevation.
- Hole
ZKG08S01_3 intersected two major veins:
- A 2.07m interval from 0.40m to
2.47m (2.02m true width) of vein T15W3 grading 1,027 g/t Ag, 10.25%
Pb, 1.20% Zn, and 0.13% Cu at 798m elevation, which includes a
1.04m interval (1.02m true width) grading 2,041 g/t Ag, 20.20% Pb,
2.33% Zn, and 0.25% Cu; and
- A 1.10m interval from 66.37m to
67.47m (1.08m true width) of vein T11E2 grading 614 g/t Ag, 1.74%
Pb, 0.25% Zn, 0.11 g/t Au, and 0.12% Cu at 776m elevation, which
includes a 0.60m interval (0.60m true width) grading 1,114 g/t Ag,
2.86% Pb, 0.42% Zn, 0.05 g/t Au, and 0.20% Cu.
-
Hole ZKG08S01_6 intersected two
major veins:
- A 2.05m interval from 0.00m to
2.05m (1.99m true width) of vein T15W3 grading 811 g/t Ag, 7.68%
Pb, 0.51% Zn, 0.05 g/t Au, and 0.21% Cu at 797m elevation, which
includes a 1.05m interval from 1.00m to 2.05m (1.05m true width)
grading 1,564 g/t Ag, 14.24% Pb, 0.85% Zn, 0.05 g/t Au, and 0.39%
Cu; and
- A 0.94m interval from 94.88m to
95.82m (0.90m true width) of an unnamed vein, grading 691 g/t Ag,
2.60% Pb, 0.56% Zn, 0.09 g/t Au, and 0.11% Cu.
- Hole
ZKG08S01_2 intersected a 1.77m interval from 0.00m
to 1.77m (1.74m true width) of vein T15W3 grading 539 g/t Ag, 2.29%
Pb, 0.58% Zn, and 0.20% Cu at 797m elevation, which includes a
0.79m interval from 0.98m to 1.77m (0.78m true width) grading 1,175
g/t Ag, 4.66% Pb, 1.19% Zn, and 0.43% Cu.
In addition to drilling, a total of 38,995m of
exploration tunnels between 510m and 1,070m elevation have been
developed during the period. Exploration tunnelling at the TLP mine
(comprising drifting, crosscutting and raising) was driven along
and across major mineralized vein structures to upgrade the drill
defined mineral resources and test for new parallel and splay
structures, and are summarized in the following table:
Major Target Veins |
Target Levels
(m) |
Total Tunneling
(m) |
Channel Samples Collected |
DriftIncluded
(m) |
Total Mineralization Exposed by Drift
[1] |
Length (m) |
Average True Width (m) |
Ag (g/t) |
Pb (%) |
Zn (%) |
T5E1,
T11, T14, T14E, T15W, T15W, T16, T16E, T16W, T17, T17E, T17W, T21,
T23 T26, T26E, T31W3, T33E, T35E, T39E |
510-1070 |
38,995 |
16,544 |
23,846 |
8,239 |
0.67 |
240 |
3.17 |
0.38 |
[1] Mineralization is defined by silver equivalent value (AgEq)
greater than or equal to 130 g/t at the TLP mine. (Formula used for
AgEq calculation: TLP = 34.19 * Pb% + Ag g/t)
Highlights of selected mineralized zones exposed
in the drift tunnels:
- Drift Tunnel
PD846-T16W-846-12SYM exposed mineralization 105m
long and 0.42m wide (true width) grading 972 g/t Ag, 1.25% Pb, and
0.72% Zn within vein structure T16W at 846m elevation;
- Drift Tunnel
PD890-T5E1a-890-31NYM exposed mineralization 15m
long and 0.44m wide (true width) grading 1,784 g/t Ag, 9.55% Pb,
and 0.81% Zn within vein structure T31W3 at 890m elevation;
- Drift Tunnel
PD960-T23-990-1NYM exposed mineralization 25m long
and 0.75m wide (true width) grading 1,879 g/t Ag, 1.31% Pb, and
0.12% Zn within vein structure T23 at 990m elevation;
- Drift Tunnel
PD1050-T26-1050-A4NYM exposed mineralization 25m
long and 1.11m wide (true width) grading 716 g/t Ag, 9.05% Pb, and
0.13% Zn within vein structure T26 at 990m elevation; and
- Drift Tunnel
PD820-T16-600-1SYM exposed mineralization 80m long
and 1.04m wide (true width) grading 719 g/t Ag, 5.19% Pb and 0.92%
Zn within vein structure T16 at 600m elevation.
Table 1:
Selected results from the
drill programs at the TLP
mine
Hole ID |
From(m) |
To (m) |
Elevation(m) |
Width(m) |
True Width(m) |
Ag(g/t) |
Pb(%) |
Zn(%) |
Au(g/t) |
Cu(%) |
Vein |
ZKCJ0801 |
262.49 |
262.84 |
703 |
0.35 |
0.34 |
233 |
6.26 |
1.55 |
0.25 |
0.06 |
CJ12 |
ZKCJ0801 |
280.29 |
280.70 |
695 |
0.41 |
0.40 |
8 |
3.57 |
0.18 |
0.05 |
0.04 |
CJ12E |
ZKG0123 |
263.97 |
264.60 |
547 |
0.67 |
0.58 |
73 |
25.13 |
0.48 |
<0.050 |
0.02 |
T15W |
ZKG0123 |
286.28 |
287.08 |
539 |
0.81 |
0.74 |
76 |
29.71 |
0.30 |
0.14 |
0.04 |
T11 |
ZKG0636 |
391.07 |
391.59 |
229 |
0.52 |
0.40 |
93 |
27.69 |
4.38 |
0.10 |
0.06 |
T11 |
ZKG08S01_1 |
0.00 |
2.28 |
797 |
2.28 |
2.10 |
1,125 |
4.43 |
0.40 |
0.06 |
0.23 |
T15W3 [1] |
including |
1.01 |
1.54 |
797 |
0.53 |
0.49 |
4,742 |
17.68 |
1.50 |
0.11 |
0.96 |
T15W3 |
ZKG08S01_1 |
50.60 |
51.40 |
778 |
0.80 |
0.74 |
1,334 |
17.99 |
0.56 |
0.07 |
0.50 |
T11 |
ZKG08S01_2 |
0.00 |
1.77 |
797 |
1.77 |
1.74 |
539 |
2.29 |
0.58 |
0.05 |
0.20 |
T15W3 |
ZKG08S01_3 |
0.40 |
2.47 |
798 |
2.07 |
2.02 |
1,027 |
10.25 |
1.20 |
0.05 |
0.13 |
T15W3 |
ZKG08S01_3 |
16.82 |
17.32 |
792 |
0.50 |
0.48 |
226 |
1.07 |
0.06 |
0.05 |
0.03 |
T15W |
ZKG08S01_3 |
57.90 |
58.49 |
779 |
0.59 |
0.59 |
81 |
1.69 |
0.12 |
0.05 |
0.06 |
T11 |
ZKG08S01_3 |
66.37 |
67.47 |
776 |
1.10 |
1.08 |
614 |
1.74 |
0.25 |
0.11 |
0.12 |
T11E2 |
ZKG08S01_5 |
3.09 |
4.68 |
796 |
1.59 |
0.68 |
449 |
3.88 |
0.38 |
0.05 |
0.12 |
T15W3 |
ZKG08S01_5 |
70.12 |
76.28 |
778 |
6.16 |
2.53 |
216 |
2.81 |
0.10 |
0.06 |
0.03 |
T11 |
including |
74.20 |
76.28 |
779 |
2.08 |
0.85 |
522 |
1.33 |
0.18 |
0.07 |
0.06 |
T11 |
ZKG08S01_6 |
0.00 |
2.05 |
797 |
2.05 |
1.99 |
811 |
7.68 |
0.51 |
0.05 |
0.21 |
T15W3 |
ZKG08S01_6 |
14.53 |
16.13 |
790 |
1.60 |
1.56 |
190 |
0.98 |
0.06 |
0.18 |
0.01 |
T15W |
ZKG08S01_6 |
19.57 |
20.49 |
787 |
0.92 |
0.90 |
317 |
1.84 |
0.33 |
1.68 |
0.16 |
T15W5 |
ZKG08S01_6 |
94.88 |
95.82 |
750 |
0.94 |
0.90 |
691 |
2.60 |
0.56 |
0.09 |
0.11 |
Alt [2] |
ZKG08S01_6 |
130.85 |
131.92 |
731 |
1.07 |
1.03 |
2 |
4.36 |
9.83 |
0.10 |
0.38 |
T12 |
ZKG08S01_9 |
0.00 |
1.75 |
798 |
1.75 |
1.59 |
370 |
2.51 |
0.38 |
0.55 |
0.09 |
T15W3 |
ZKG08S01_9 |
21.06 |
21.58 |
795 |
0.52 |
0.47 |
480 |
2.43 |
0.17 |
0.05 |
0.04 |
T15W |
ZKG08S01_9 |
113.90 |
114.64 |
784 |
0.74 |
0.70 |
325 |
0.29 |
0.10 |
0.05 |
0.02 |
T12 |
ZKT05S35_1 |
104.29 |
105.51 |
809 |
1.22 |
0.85 |
72 |
5.07 |
0.47 |
0.07 |
0.01 |
T33E1 |
ZKT05S35_1 |
184.28 |
186.94 |
742 |
1.35 |
1.08 |
45 |
2.17 |
0.13 |
0.10 |
0.30 |
T1W1 |
ZKT0707_1 |
99.53 |
101.30 |
809 |
1.76 |
1.42 |
548 |
1.97 |
0.51 |
0.16 |
0.30 |
T33E1 |
ZKT07J04 |
50.64 |
53.33 |
790 |
2.69 |
0.95 |
205 |
1.82 |
0.16 |
0.05 |
0.06 |
T2W |
ZKT07S37_5 |
7.00 |
7.66 |
761 |
0.66 |
0.52 |
383 |
1.97 |
0.04 |
0.05 |
0.05 |
T1W1 |
ZKT07S37_6 |
8.27 |
10.50 |
760 |
1.15 |
0.84 |
168 |
7.87 |
0.45 |
0.16 |
0.31 |
T1W1 |
ZKT09Y20 |
77.12 |
78.47 |
837 |
1.35 |
1.07 |
826 |
0.72 |
0.42 |
0.10 |
0.04 |
T33W5 |
ZKT09Y20 |
95.21 |
96.25 |
823 |
1.04 |
0.83 |
109 |
0.99 |
0.06 |
0.10 |
0.15 |
T33 |
ZKT11Y01 |
79.41 |
81.50 |
852 |
2.09 |
0.85 |
338 |
1.03 |
0.11 |
0.11 |
0.06 |
T21 |
ZKT11Y08 |
29.70 |
31.58 |
939 |
1.88 |
1.73 |
164 |
1.18 |
0.19 |
0.11 |
0.02 |
T5 |
ZKT11Y30 |
82.58 |
82.87 |
744 |
0.29 |
0.25 |
424 |
6.72 |
0.62 |
0.19 |
0.03 |
T33E |
ZKT23Y09 |
227.89 |
228.38 |
658 |
0.49 |
0.44 |
38 |
8.44 |
1.40 |
0.01 |
0.10 |
T14E |
ZKT31S1_2 |
93.67 |
94.68 |
762 |
1.01 |
0.42 |
155 |
41.20 |
2.15 |
0.21 |
0.21 |
T2E |
ZKX11473 |
265.68 |
266.72 |
900 |
1.04 |
1.01 |
161 |
3.08 |
0.08 |
0.05 |
0.03 |
LM8 |
[1] Veins discovered between October 1, 2019 and September 30,
2020[2] No vein id assigned
Table 2:
Selected mineralized
zones exposed by drift
tunnelling
at the TLP
mine
Tunnel ID |
Target Veins |
Level(m) |
Length(m) |
True Width(m) |
Ag (g/t) |
Pb (%) |
Zn (%) |
PD960-T1W-990-4NYM |
T1W |
990 |
35.00 |
0.60 |
837 |
2.62 |
0.48 |
PD1050-T5-1050-5NYM |
T5 |
1050 |
107.50 |
1.45 |
197 |
4.90 |
0.15 |
PD960-T5-990-11NYM |
T5 |
990 |
32.00 |
1.10 |
145 |
8.03 |
0.10 |
PD930-T5E1-930-31SYM |
T5E1 |
930 |
23.00 |
0.70 |
619 |
2.29 |
0.78 |
PD840-T5E1-840-29NYM |
T5E1 |
840 |
60.00 |
0.52 |
395 |
2.45 |
0.55 |
PD840-T5E1-840-29SYM |
T5E1 |
840 |
25.00 |
0.77 |
481 |
2.80 |
0.51 |
PD820-T11-700-4NYM |
T11 |
700 |
120.00 |
0.78 |
317 |
5.09 |
0.57 |
PD820-T11-650-4SYM |
T11 |
650 |
60.00 |
0.64 |
320 |
1.70 |
0.26 |
PD820-T11-600-1SYM |
T11 |
600 |
90.00 |
1.25 |
236 |
7.70 |
0.76 |
PD820XPD-T11-550-4SYM |
T11 |
550 |
40.00 |
0.65 |
552 |
3.37 |
0.44 |
PD820XPD-T14-650-3SYM |
T14 |
650 |
70.00 |
0.87 |
73 |
6.69 |
0.16 |
PD890-T14E-890-21SYM |
T14E |
890 |
125.00 |
0.83 |
444 |
3.31 |
0.40 |
PD820XPD-T14E-700-21SYM |
T14E |
700 |
285.00 |
0.81 |
56 |
5.41 |
0.34 |
PD820-T15W-600-1SYM |
T15W |
600 |
81.00 |
0.79 |
108 |
7.01 |
0.43 |
PD820-T15W1-700-4NYM |
T15W1 |
700 |
50.00 |
0.42 |
293 |
6.26 |
0.37 |
PD846-T16E-846-7NYM |
T16 |
846 |
35.00 |
1.10 |
695 |
1.23 |
0.37 |
PD820-T16-700-12SYM |
T16 |
700 |
45.00 |
0.58 |
679 |
3.84 |
1.03 |
PD820-T16-600-1SYM |
T16 |
600 |
80.00 |
1.04 |
719 |
5.19 |
0.92 |
PD930-T16E-930-1SYM |
T16E |
930 |
35.00 |
0.87 |
570 |
0.86 |
1.22 |
PD846-T16W-846-12SYM |
T16W |
846 |
105.00 |
0.42 |
972 |
1.25 |
0.72 |
PD820-T17W-700-14SYM |
T16W |
700 |
41.00 |
0.77 |
279 |
4.12 |
0.37 |
PD846-T17-846-16NYM |
T17 |
846 |
125.00 |
0.49 |
353 |
3.17 |
0.47 |
PD846-T17-846-16SYM |
T17 |
846 |
117.50 |
0.81 |
321 |
3.40 |
0.83 |
PD820-T17E-700-12NYM |
T17 |
700 |
40.00 |
0.43 |
456 |
4.26 |
0.46 |
PD846-T17E-846-16NYM |
T17E |
846 |
55.00 |
0.52 |
412 |
5.19 |
0.46 |
PD820-T17-650-4SYM |
T17W |
650 |
70.00 |
0.66 |
608 |
1.90 |
0.93 |
PD820-T17W-600-1NYM |
T17W |
600 |
15.00 |
0.46 |
976 |
4.49 |
0.37 |
PD930-T21-930-31SYM |
T21 |
930 |
82.00 |
0.87 |
233 |
2.26 |
0.18 |
PD960-T23-990-1NYM |
T23 |
990 |
25.00 |
0.75 |
1879 |
1.31 |
0.12 |
PD1050-T26-1050-A4NYM |
T26 |
1050 |
25.00 |
1.11 |
716 |
9.05 |
0.13 |
PD960-T26-990-A6NYM |
T26 |
990 |
35.00 |
1.25 |
312 |
2.97 |
0.05 |
PD890-T5E1a-890-31NYM |
T31W3 |
890 |
15.00 |
0.44 |
1784 |
9.55 |
0.81 |
PD730-T31W-730-A25NYM |
T31W3 |
730 |
45.00 |
0.45 |
209 |
8.61 |
0.34 |
PD730-T33E-560-23NYM |
T33E |
560 |
90.00 |
0.55 |
361 |
2.18 |
0.59 |
PD730-T35-665-43NYM |
T35 |
665 |
65.00 |
0.88 |
75 |
7.08 |
0.51 |
PD960-T35E-960-5NYM |
T35E |
960 |
40.00 |
0.40 |
712 |
2.64 |
0.79 |
PD800-T39E-800-19SYM |
T39E |
800 |
30.00 |
0.66 |
440 |
2.85 |
0.46 |
PD820XPD-T39E-700-15SYM |
T39E |
700 |
29.00 |
0.56 |
478 |
4.12 |
0.68 |
PD820XPD-T39E2-755-27SYM |
T39E2 |
755 |
110.00 |
0.52 |
340 |
5.09 |
2.02 |
Quality Control
Drill cores are NQ size. Drill core samples,
limited by apparent mineralization contacts or shear/alteration
contacts, were split into halves by saw cutting. 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, 226km
northeast of Beijing, the Zhengzhou Nonferrous Exploration
Institute Lab in Zhengzhou, Henan Province, China, and the
Analytical Lab of the Inner Mongolia Geological Exploration Bureau
in Hohhot, Inner Mongolia, China. All the three labs are ISO9000
certified analytical labs. For analysis, the sample is dried and
crushed to minus 1mm and then split to a 200-300g 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 with two-acids 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 5m along
strike. Both the mineralized vein and the altered wall rocks are
cut by continuous chisel chipping. Sample length ranges from 0.2m
to more than 1.0m, 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 200g sample of minus 160 mesh is prepared for assay.
A duplicate sample of minus 1mm is made and kept in the laboratory
archives. Gold is analysed by fire assay with AAS finish, and
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 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.
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.
For further information
Lon Shaver Vice PresidentSilvercorp Metals
Inc.
Phone: (604) 669-9397Toll Free: 1 (888)
224-1881Email: investor@silvercorp.ca Website:
www.silvercorp.ca
CAUTIONARY DISCLAIMER - FORWARD LOOKING
STATEMENTS
Certain of the statements and information in
this news 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; 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”. 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 news 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.
Silvercorp Metals (AMEX:SVM)
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