Trading Symbol
TSX: SVM
NYSE
American: SVM
VANCOUVER, BC, June 1, 2021 /CNW/ - Silvercorp Metals Inc.
("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is
pleased to report results from its 2021 exploration programs 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, 2020 to
May 31, 2021, 34,546 metres ("m")
from a total of 196 diamond drill holes, including 161 underground
holes and 35 surface holes, were completed at the TLP mine. Assay
results for 193 holes have been received, with 108 holes
intercepting mineralization. Currently, 13 rigs are drilling at the
TLP mine.
Drilling Intersected High-Grade Veins in the Production
Areas
The diamond drilling programs at the TLP mine targeted resource
blocks of known silver-lead-zinc veins in the production areas
that were missed by limited prior drilling and drifting tunnels, as
a result of changes in the dip and pinch-swelling of the pay-zones
in the veins. Since access tunnels are already in place, any
discovered high-grade blocks can quickly be converted to reserves
and mined.
The high-grade intercepts for this period are associated with
parallel veins T15W, T15W1, T15W2, and T15W3. Other veins include
T16E, T2, T2W, T3, T16E, T11, T1, T1a, T22, T23, T24, T33 and
T35E1. Highlight of high-grade intercepts in the TLP production
area:
- Hole ZKG6AT15W304 intersected a 2.49 m interval (1.74
m true width) of vein T15W2 grading 3,911 grams per tonne
("g/t") silver ("Ag"), 6.22% lead ("Pb"), 2.11% zinc ("Zn"), 0.08
g/t gold ("Au") and 0.55% copper ("Cu") at the 808 m elevation, which includes a 0.97 m interval (0.68
m true width) grading 9,901 g/t Ag, 15.30% Pb, 5.27% Zn,
0.19 g/t Au, and 1.39% Cu;
- Hole ZKG6AT15W305 intersected a 1.62 m interval (1.11
m true width) of vein T15W3 grading 1,556 g/t Ag, 15.27% Pb,
0.24% Zn, 0.10 g/t Au, and 0.23% Cu at the 813 m elevation;
- Hole ZKT3AT1W101 intersected a 4.00 m interval (2.56
m true width) of vein T23 grading 771 g/t Ag, 11.68% Pb,
0.23% Zn, 0.08 g/t Au, and 0.11% Cu at the 854 m elevation;
- Hole ZKT7T3E02 intersected an 8.44 m interval (5.04
m true width) of vein T3E grading 523 g/t Ag, 5.10% Pb,
0.36% Zn, 0.11 g/t Au, and 0.13% Cu at the 1,086 m elevation, which includes a 4.20 m interval (2.51
m true width) grading 1,036 g/t Ag, 9.96% Pb, 0.67% Zn, 0.18
g/t Au, and 0.24% Cu at the 1,087 m
elevation;
- Hole ZKT23J001 intersected a 0.89 m interval (0.74
m true width) of vein T2 grading 1,283 g/t Ag, 8.60% Pb,
2.30% Zn, 4.22 g/t Au, and 1.30% Cu at the 676 m elevation;
- Hole ZKTDB39T103 intersected a 2.90 m interval (2.03
m true width) of vein T3 grading 1,115 g/t Ag, 1.20% Pb,
0.09% Zn, 0.08 g/t Au, and 0.11% Cu at the 818 m elevation;
- Hole ZKTDB05Y03_1 intersected a 0.52 m interval (0.51
m true width) of vein T35E1 grading 2,086 g/t Ag, 5.79% Pb,
0.62% Zn, 0.05 g/t Au, and 0.35% Cu at the 914 m elevation; and
- Hole ZKTDB43T302 intersected a 1.04 m interval (0.72
m true width) of vein T3E grading 520 g/t Ag, 1.25% Pb,
0.05% Zn, 4.36 g/t Au, and 0.11% Cu at the 730 m elevation.
Surface and Underground Drilling Outside the TLP Mine's
Resource Area
Exploratory surface drilling in the east and south sides of the
resource area in the TLP mine discovered high-grade
silver-lead-zinc mineralization at higher elevations. These
intercepts of veins T39E2, T17 and T38 are expected to expand the
resources in these areas.
- Hole ZKG4T15W113 intersected a 3.96 m interval (3.62
m true width) of vein T15W1 grading 1,086 g/t Ag, 0.93% Pb,
0.19% Zn, 0.19 g/t Au, and 0.15% Cu at the 672 m elevation;
- Hole ZKTDB20T1701 intersected a 3.48 m interval from 170.40 m to 173.88
m (2.54 m true width) of vein
T17, grading 675 g/t Ag, 0.92% Pb, 0.43% Zn, 0.01 g/t Au, and 0.15%
Cu at the 893 m elevation, which
includes a 0.78 m interval from
171.26 m to 172.04 m (0.57 m
true width) grading 2,206 g/t Ag, 1.44% Pb, 0.71% Zn, 0.02 g/t Au,
and 0.40% Cu at the 892 m
elevation;
- Hole ZKTDB27AT39E201 intersected a 0.81 m interval from 99.41
m to 100.22 m (0.56 m true width) of vein T39E2 grading 1,705
g/t Ag, 1.3% Pb, 0.35% Zn, 0.02% Au, and 0.06% Cu at the
803 m elevation; and
- Hole ZKTDB25AT39E201 intersected a 1.71 m interval from 169.08 m to 170.79
m (0.46 m true width) of vein
T39E2 grading 456 g/t Ag, 16.16% Pb, 2.55% Zn, 0.01% Au, and 0.11%
Cu at the 785 m elevation.
Table 1: Selected intercepts from the 2021 drill programs at
the TLP Mine
Hole
ID
|
From
(m)
|
To
(m)
|
Elevation
(m)
|
Interval
(m)
|
True Width
(m)
|
Ag
(g/t)
|
Pb
(%)
|
Zn
(%)
|
Au
(g/t)
|
Cu
(%)
|
Vein
|
ZKG02AT1101
|
8.63
|
9.48
|
835
|
0.85
|
0.56
|
789
|
2.25
|
0.36
|
0.05
|
0.08
|
T14E
|
ZKG02AT1101
|
134.30
|
135.77
|
782
|
1.47
|
0.94
|
124
|
0.42
|
0.35
|
0.05
|
0.06
|
T15
|
ZKG06AT15W101
|
88.62
|
89.37
|
780
|
0.75
|
0.54
|
149
|
1.89
|
0.38
|
0.02
|
0.05
|
T15Wa
|
ZKG06AT15W301
|
74.21
|
75.46
|
789
|
1.25
|
0.88
|
79
|
2.13
|
0.12
|
0.05
|
0.02
|
T15W1
|
ZKG06AT16E01
|
22.99
|
23.76
|
792
|
0.77
|
0.35
|
139
|
0.94
|
0.03
|
0.05
|
0.02
|
T16E
|
ZKG06J001
|
172.50
|
173.72
|
682
|
1.22
|
1.17
|
100
|
3.00
|
0.17
|
0.05
|
0.07
|
T15
|
ZKG06J004
|
116.53
|
117.12
|
820
|
0.59
|
0.56
|
71
|
2.02
|
0.08
|
0.05
|
0.02
|
T15
|
ZKG06J004
|
163.99
|
164.47
|
811
|
0.48
|
0.46
|
53
|
9.42
|
0.15
|
0.05
|
0.02
|
T11E
|
ZKG06J01
|
78.47
|
79.25
|
785
|
0.78
|
0.71
|
105
|
2.20
|
0.21
|
0.06
|
0.01
|
T15W1
|
ZKG06J01
|
138.49
|
139.04
|
773
|
0.55
|
0.50
|
235
|
1.01
|
0.14
|
0.05
|
0.08
|
T11
|
ZKG06J04
|
117.14
|
117.93
|
728
|
0.79
|
0.65
|
1,043
|
3.00
|
0.15
|
0.10
|
0.15
|
T15W
|
ZKG06T1101
|
66.08
|
67.18
|
827
|
1.10
|
0.92
|
48
|
2.85
|
0.23
|
0.18
|
0.02
|
T15W1
|
ZKG06T1102
|
77.45
|
78.18
|
785
|
0.73
|
0.57
|
59
|
2.18
|
0.60
|
0.02
|
0.01
|
T15W1
|
ZKG06T1102
|
138.01
|
138.93
|
773
|
0.92
|
0.72
|
101
|
1.08
|
0.04
|
0.02
|
0.01
|
T11
|
ZKG08AT1101
|
138.30
|
139.33
|
785
|
1.03
|
0.83
|
79
|
1.63
|
0.11
|
0.10
|
0.02
|
T11
|
ZKG08AT1101
|
146.80
|
148.27
|
784
|
1.47
|
1.22
|
59
|
2.27
|
0.11
|
0.10
|
0.01
|
T11E2
|
ZKG08S01_12
|
0.43
|
1.33
|
913
|
0.90
|
0.85
|
236
|
4.61
|
0.54
|
0.05
|
0.04
|
T15W3
|
ZKG08S01_12
|
31.74
|
32.67
|
517
|
0.93
|
0.92
|
159
|
0.26
|
0.46
|
0.05
|
0.05
|
T15a
|
ZKG0936
|
18.13
|
18.64
|
780
|
0.51
|
0.27
|
225
|
0.61
|
0.44
|
0.07
|
0.02
|
T16
|
ZKG0936
|
179.66
|
180.26
|
738
|
0.60
|
0.31
|
219
|
3.43
|
1.12
|
0.03
|
0.01
|
T11E1
|
ZKG10AT1102
|
98.36
|
98.87
|
823
|
0.51
|
0.48
|
196
|
1.68
|
0.16
|
0.05
|
0.03
|
T14E
|
ZKG10AT1102
|
144.53
|
145.59
|
815
|
1.06
|
1.02
|
223
|
0.68
|
0.11
|
0.10
|
0.08
|
T11E2
|
ZKG1217
|
53.03
|
53.57
|
801
|
0.54
|
0.30
|
180
|
0.74
|
0.23
|
0.03
|
0.07
|
T15W2
|
ZKG1218
|
145.13
|
146.13
|
743
|
1.00
|
0.95
|
262
|
1.17
|
0.11
|
0.05
|
0.03
|
T11E
|
ZKG1218
|
178.67
|
179.42
|
721
|
0.75
|
0.71
|
226
|
0.38
|
0.15
|
0.21
|
0.02
|
T12
|
ZKG12AT15W01
|
94.72
|
95.23
|
780
|
0.51
|
0.48
|
96
|
0.99
|
0.09
|
0.05
|
0.05
|
T15W
|
ZKG12AT15W01
|
254.59
|
255.09
|
688
|
0.50
|
0.45
|
349
|
0.81
|
0.30
|
0.05
|
0.02
|
T11E3
|
ZKG12AT15W101
|
155.03
|
155.78
|
768
|
0.75
|
0.39
|
242
|
3.61
|
0.22
|
0.05
|
0.05
|
T15
|
ZKG16AT1101
|
177.28
|
177.85
|
730
|
0.57
|
0.50
|
550
|
2.27
|
0.19
|
0.02
|
0.24
|
T11
|
ZKG4AT15W101
|
66.89
|
69.03
|
829
|
2.14
|
1.02
|
560
|
4.24
|
1.72
|
0.13
|
0.35
|
T15W1
|
ZKG4AT15W102
|
183.90
|
184.56
|
811
|
0.66
|
0.50
|
203
|
1.01
|
0.13
|
0.02
|
0.01
|
T11E2
|
ZKG4AT16E202
|
76.20
|
76.96
|
832
|
0.76
|
0.22
|
636
|
5.73
|
0.21
|
0.02
|
0.18
|
T15W1
|
ZKG4AT16E202
|
79.74
|
80.79
|
832
|
1.05
|
0.31
|
94
|
2.19
|
0.09
|
0.01
|
0.02
|
T16E2
|
ZKG4AT16E203
|
93.96
|
95.29
|
781
|
1.33
|
1.25
|
59
|
6.09
|
2.42
|
0.05
|
0.04
|
T15W3
|
ZKG4T15W113
|
137.93
|
141.89
|
672
|
3.96
|
3.62
|
1,086
|
0.93
|
0.19
|
0.19
|
0.15
|
T15W1
|
ZKG4T15W114
|
143.55
|
144.04
|
677
|
0.49
|
0.41
|
95
|
3.09
|
0.31
|
0.05
|
0.02
|
T15W
|
ZKG4T15W114
|
155.80
|
158.32
|
667
|
2.52
|
1.88
|
479
|
1.29
|
0.27
|
0.29
|
0.07
|
T11
|
ZKG6AT15W303
|
18.44
|
19.47
|
824
|
1.03
|
0.55
|
214
|
0.80
|
0.06
|
0.10
|
0.03
|
T11
|
ZKG6AT15W304
|
68.56
|
69.71
|
812
|
1.15
|
0.81
|
284
|
1.16
|
0.31
|
0.02
|
0.22
|
T15W3
|
ZKG6AT15W304
|
83.91
|
86.40
|
808
|
2.49
|
1.74
|
3,911
|
6.22
|
2.11
|
0.08
|
0.55
|
T15W2
|
including
|
84.67
|
85.64
|
808
|
0.97
|
0.68
|
9,901
|
15.30
|
5.27
|
0.19
|
1.39
|
T15W2
|
ZKG6AT15W305
|
63.47
|
64.13
|
816
|
0.66
|
0.45
|
200
|
6.61
|
0.13
|
0.05
|
0.04
|
T15W
|
ZKG6AT15W305
|
78.22
|
79.84
|
813
|
1.62
|
1.11
|
1,556
|
15.27
|
0.24
|
0.10
|
0.23
|
T15W3
|
ZKG6AT16E10
|
30.77
|
34.30
|
825
|
3.53
|
0.67
|
589
|
0.98
|
0.13
|
0.02
|
0.06
|
T16E
|
including
|
33.48
|
34.30
|
824
|
0.82
|
0.15
|
2,267
|
2.55
|
0.50
|
0.07
|
0.20
|
T16E
|
ZKG6AT16E11
|
22.71
|
24.10
|
827
|
1.39
|
0.79
|
528
|
3.12
|
0.05
|
0.02
|
0.04
|
T16E
|
including
|
23.50
|
24.10
|
827
|
0.60
|
0.34
|
1,089
|
7.19
|
0.11
|
0.04
|
0.07
|
T16E
|
ZKG8AT15W302
|
126.18
|
127.40
|
784
|
1.22
|
1.11
|
98
|
1.74
|
0.12
|
0.05
|
0.01
|
T15W
|
ZKG8AT16E201
|
81.49
|
82.36
|
746
|
0.87
|
0.79
|
177
|
2.34
|
0.21
|
0.05
|
0.09
|
T15W1
|
ZKT04T2E02
|
220.62
|
221.76
|
878
|
1.14
|
0.99
|
127
|
0.31
|
0.05
|
0.02
|
1.09
|
T3
|
ZKT05AT2301
|
106.40
|
111.30
|
875
|
4.90
|
3.30
|
97
|
1.00
|
0.08
|
0.29
|
0.03
|
T23
|
including
|
106.40
|
106.80
|
876
|
0.40
|
0.22
|
804
|
2.66
|
0.10
|
0.05
|
0.15
|
T24
|
ZKT05AT2302
|
101.11
|
101.70
|
877
|
0.59
|
0.41
|
326
|
2.75
|
0.10
|
0.12
|
0.31
|
T23
|
ZKT05AT2303
|
98.17
|
99.07
|
874
|
0.90
|
0.89
|
381
|
4.97
|
0.61
|
0.10
|
0.22
|
T23
|
ZKT0724
|
143.73
|
145.56
|
787
|
1.83
|
1.81
|
223
|
1.08
|
0.53
|
0.02
|
0.05
|
T14E
|
ZKT0725
|
158.91
|
161.61
|
750
|
2.70
|
2.53
|
433
|
1.96
|
0.93
|
0.05
|
0.18
|
T14E
|
ZKT07AT201
|
78.81
|
80.09
|
742
|
1.28
|
1.09
|
141
|
2.10
|
0.06
|
0.09
|
0.04
|
T1
|
ZKT07AT5E104
|
105.47
|
106.29
|
914
|
0.82
|
0.42
|
1,324
|
5.40
|
0.48
|
0.10
|
0.08
|
T21W
|
ZKT07AT5E105
|
134.62
|
135.99
|
908
|
1.37
|
0.83
|
28
|
3.57
|
0.19
|
0.02
|
0.00
|
T21
|
ZKT07T14E03
|
162.44
|
164.70
|
775
|
2.26
|
2.16
|
89
|
2.02
|
0.14
|
0.03
|
0.03
|
T14E
|
ZKT07T14E05
|
156.81
|
157.41
|
753
|
0.60
|
0.57
|
71
|
4.69
|
0.11
|
0.01
|
0.09
|
T14E
|
ZKT07T1601
|
19.42
|
20.15
|
868
|
0.73
|
0.31
|
192
|
0.10
|
0.33
|
0.02
|
0.01
|
T16
|
ZKT07Y04
|
23.92
|
24.64
|
777
|
0.72
|
0.68
|
762
|
9.07
|
0.54
|
0.83
|
0.12
|
T2W
|
ZKT07Y04
|
50.53
|
51.10
|
796
|
0.57
|
0.55
|
411
|
2.91
|
0.04
|
1.92
|
0.31
|
T22
|
ZKT0808
|
211.75
|
212.43
|
871
|
0.68
|
0.22
|
1,070
|
1.47
|
0.34
|
0.10
|
0.96
|
T2
|
ZKT0809
|
64.21
|
65.00
|
889
|
0.79
|
0.74
|
155
|
0.19
|
0.08
|
0.01
|
0.01
|
T1W
|
ZKT09Y17
|
206.29
|
207.09
|
738
|
0.80
|
0.68
|
30
|
6.16
|
0.11
|
0.10
|
0.01
|
T33E1
|
ZKT09Y17
|
404.57
|
405.11
|
586
|
0.54
|
0.50
|
207
|
0.79
|
0.36
|
0.10
|
0.01
|
T3
|
ZKT09Y21
|
104.55
|
106.09
|
806
|
1.54
|
1.14
|
161
|
18.39
|
0.23
|
0.10
|
0.11
|
T33
|
ZKT11Y25
|
175.74
|
176.56
|
744
|
0.82
|
0.77
|
97
|
1.04
|
0.06
|
0.05
|
0.01
|
T1W1
|
ZKT18AT1703
|
207.26
|
208.08
|
894
|
0.82
|
0.64
|
211
|
1.50
|
1.66
|
0.01
|
0.03
|
T22E
|
ZKT19AT33W303
|
24.02
|
24.59
|
813
|
0.57
|
0.56
|
135
|
0.23
|
0.22
|
0.01
|
0.03
|
T33W1
|
ZKT19AT33W303
|
51.83
|
52.86
|
821
|
1.03
|
1.01
|
25
|
4.74
|
0.80
|
0.01
|
0.02
|
T22E1
|
ZKT19T33W301
|
78.12
|
79.42
|
786
|
1.30
|
0.45
|
15
|
6.90
|
0.37
|
0.05
|
0.01
|
T33W1
|
ZKT1AT2301
|
73.57
|
74.95
|
886
|
1.38
|
1.27
|
147
|
0.90
|
0.30
|
0.05
|
0.00
|
T33
|
ZKT1T1602
|
98.30
|
98.82
|
878
|
0.52
|
0.50
|
206
|
1.16
|
0.66
|
0.05
|
0.03
|
T16E
|
ZKT1T1603
|
95.73
|
96.36
|
886
|
0.63
|
0.63
|
136
|
0.97
|
0.71
|
0.05
|
0.02
|
T16
|
ZKT1T1603
|
183.99
|
184.98
|
821
|
0.99
|
0.57
|
334
|
0.28
|
0.71
|
0.05
|
0.03
|
T16E1
|
ZKT21C03
|
145.04
|
145.57
|
789
|
0.53
|
0.44
|
191
|
5.63
|
0.25
|
0.21
|
0.02
|
T33W5
|
ZKT21C05
|
166.15
|
166.75
|
786
|
0.60
|
0.46
|
167
|
1.73
|
2.11
|
0.21
|
0.03
|
T33W4
|
ZKT21T14E09
|
87.07
|
87.60
|
773
|
0.53
|
0.13
|
1,148
|
3.19
|
2.24
|
0.09
|
0.20
|
T38
|
ZKT21T22E02
|
216.94
|
217.44
|
768
|
0.50
|
0.48
|
105
|
4.67
|
0.67
|
0.10
|
0.08
|
T3
|
ZKT21Y35
|
193.17
|
194.17
|
723
|
1.00
|
0.64
|
32
|
13.18
|
0.07
|
0.10
|
0.11
|
T14E
|
ZKT23J001
|
99.39
|
100.28
|
676
|
0.89
|
0.74
|
1,283
|
8.60
|
2.30
|
4.22
|
1.30
|
T2
|
ZKT23J002
|
107.39
|
108.15
|
721
|
0.76
|
0.58
|
705
|
5.76
|
0.03
|
0.21
|
0.24
|
[1]
|
ZKT23J003
|
112.16
|
113.16
|
665
|
1.00
|
0.81
|
134
|
4.21
|
1.85
|
0.82
|
0.69
|
T2
|
ZKT2707
|
105.98
|
106.55
|
780
|
0.57
|
0.23
|
292
|
0.39
|
0.14
|
0.13
|
0.01
|
T39W
|
ZKT2708
|
153.41
|
154.07
|
751
|
0.66
|
0.25
|
396
|
1.79
|
2.20
|
0.01
|
0.05
|
T39E2
|
ZKT2708
|
161.96
|
163.99
|
744
|
2.03
|
1.54
|
125
|
0.34
|
0.43
|
1.90
|
0.01
|
T39
|
ZKT27T39W01
|
83.89
|
84.43
|
842
|
0.54
|
0.44
|
145
|
1.56
|
0.47
|
0.03
|
0.01
|
T39E2
|
ZKT29AT202
|
97.82
|
99.61
|
676
|
1.79
|
0.17
|
122
|
2.87
|
0.99
|
0.43
|
2.65
|
T2E
|
ZKT31AT35E03
|
194.56
|
195.27
|
686
|
0.71
|
0.46
|
116
|
20.00
|
4.97
|
0.33
|
0.13
|
T35E
|
ZKT31AT35E03
|
261.45
|
262.67
|
663
|
1.22
|
1.11
|
147
|
0.36
|
0.09
|
0.10
|
0.02
|
T35E1
|
ZKT33T31W303
|
34.97
|
36.14
|
898
|
1.17
|
1.14
|
340
|
0.44
|
0.54
|
0.06
|
0.02
|
T31W
|
ZKT33T31W303
|
120.70
|
121.25
|
844
|
0.55
|
0.18
|
335
|
4.24
|
0.42
|
0.15
|
0.01
|
T21
|
ZKT33T31W304
|
36.06
|
37.85
|
895
|
1.79
|
1.73
|
303
|
0.55
|
0.35
|
0.03
|
0.04
|
T31W
|
ZKT33T31W304
|
56.10
|
57.82
|
881
|
1.72
|
1.66
|
552
|
0.94
|
0.27
|
0.06
|
0.03
|
T31W1
|
ZKT33T31W305
|
58.82
|
60.10
|
878
|
1.28
|
0.59
|
187
|
0.10
|
0.10
|
0.03
|
0.01
|
T31W1
|
ZKT39AT31W01
|
54.66
|
55.61
|
786
|
0.95
|
0.80
|
200
|
0.42
|
0.13
|
0.57
|
0.02
|
T31W1
|
ZKT39AT31W02
|
15.33
|
16.77
|
795
|
1.44
|
1.42
|
26
|
5.22
|
0.19
|
0.02
|
0.01
|
T20
|
ZKT39AT31W02
|
109.52
|
110.65
|
766
|
1.13
|
0.32
|
374
|
3.99
|
1.85
|
0.75
|
0.34
|
T3E
|
ZKT39AT31W02
|
128.06
|
129.11
|
760
|
1.05
|
0.30
|
27
|
2.84
|
0.06
|
0.12
|
0.02
|
T3
|
ZKT3AT1W101
|
98.48
|
102.48
|
854
|
4.00
|
2.56
|
771
|
11.68
|
0.23
|
0.08
|
0.11
|
T23
|
ZKT3AT1W101
|
203.59
|
204.22
|
810
|
0.63
|
0.58
|
160
|
1.61
|
0.46
|
0.06
|
0.01
|
[1]
|
ZKT3AT1W104
|
96.12
|
96.84
|
840
|
0.72
|
0.47
|
326
|
17.38
|
0.57
|
0.06
|
0.08
|
T23
|
ZKT5AT1W101
|
178.42
|
179.20
|
632
|
0.78
|
0.68
|
109
|
0.33
|
0.13
|
0.15
|
0.22
|
T1W1
|
ZKT7T3E01
|
46.12
|
47.78
|
1,094
|
1.66
|
1.07
|
139
|
2.44
|
0.11
|
0.05
|
0.08
|
T3E
|
ZKT7T3E02
|
64.01
|
72.45
|
1,086
|
8.44
|
5.04
|
523
|
5.10
|
0.36
|
0.11
|
0.13
|
T3E
|
including
|
64.86
|
69.06
|
1,087
|
4.20
|
2.51
|
1,036
|
9.96
|
0.67
|
0.18
|
0.24
|
T3E
|
ZKT9AT1W102
|
208.22
|
208.83
|
645
|
0.61
|
0.60
|
72
|
1.52
|
0.07
|
0.10
|
0.44
|
T1
|
ZKT9AT1W102
|
253.06
|
253.66
|
620
|
0.60
|
0.59
|
97
|
0.26
|
0.05
|
0.10
|
2.53
|
T2W
|
ZKT9AT1W103
|
14.34
|
14.91
|
761
|
0.57
|
0.48
|
172
|
0.33
|
0.18
|
0.12
|
0.01
|
T33
|
ZKT9AT1W103
|
227.84
|
229.66
|
667
|
1.82
|
1.76
|
520
|
0.74
|
2.04
|
0.16
|
0.06
|
T1
|
ZKT9AT1W103
|
245.94
|
246.49
|
659
|
0.55
|
0.53
|
211
|
0.10
|
0.44
|
0.12
|
0.02
|
T1E
|
ZKT9AT1W104
|
15.32
|
15.92
|
757
|
0.60
|
0.49
|
329
|
0.59
|
0.10
|
0.05
|
0.32
|
T33
|
ZKT9AT1W104
|
220.95
|
221.44
|
661
|
0.49
|
0.42
|
319
|
6.86
|
1.16
|
0.05
|
0.06
|
T1a
|
ZKT9AT1W105
|
164.39
|
166.91
|
644
|
2.52
|
2.30
|
65
|
2.41
|
0.26
|
0.12
|
0.11
|
T1W1
|
ZKT9AT1W105
|
190.36
|
191.37
|
625
|
1.01
|
0.92
|
157
|
0.12
|
0.03
|
0.05
|
0.01
|
T1W
|
ZKT9AT1W107
|
14.38
|
15.54
|
763
|
1.16
|
0.96
|
107
|
0.58
|
0.06
|
0.05
|
0.05
|
T33
|
ZKTA1AT14E01
|
158.29
|
159.55
|
782
|
1.26
|
0.42
|
53
|
5.65
|
0.35
|
0.04
|
0.06
|
T14E
|
ZKTA3AT14E01
|
141.61
|
142.93
|
781
|
1.32
|
0.81
|
53
|
7.35
|
0.27
|
0.05
|
0.07
|
T14E
|
ZKTA3AT14E02
|
93.90
|
94.66
|
773
|
0.76
|
0.64
|
243
|
0.41
|
0.07
|
0.10
|
0.03
|
T38
|
ZKTA5AT14E02
|
137.25
|
138.05
|
776
|
0.80
|
0.80
|
63
|
3.17
|
0.21
|
0.05
|
0.03
|
T14E
|
ZKTDB05AT5W101
|
101.19
|
102.35
|
1,035
|
1.16
|
0.62
|
122
|
0.51
|
0.19
|
0.03
|
0.01
|
T4
|
ZKTDB05Y03_1
|
156.09
|
156.66
|
938
|
0.57
|
0.35
|
141
|
1.17
|
0.25
|
0.05
|
0.05
|
[1]
|
ZKTDB05Y03_1
|
185.29
|
185.81
|
914
|
0.52
|
0.51
|
2,086
|
5.79
|
0.62
|
0.05
|
0.35
|
T35E1
|
ZKTDB06AT22W01
|
41.51
|
46.28
|
1,137
|
4.77
|
1.88
|
196
|
0.46
|
0.07
|
0.10
|
0.03
|
T1E
|
ZKTDB06AT22W01
|
50.86
|
52.14
|
1,133
|
1.28
|
0.51
|
94
|
0.88
|
0.11
|
0.10
|
0.03
|
T2W
|
ZKTDB06AT22W03
|
69.09
|
70.40
|
1,113
|
1.31
|
1.08
|
115
|
5.76
|
0.15
|
0.10
|
0.02
|
T1E
|
ZKTDB20T1701
|
170.40
|
173.88
|
893
|
3.48
|
2.54
|
675
|
0.92
|
0.43
|
0.01
|
0.15
|
T17
|
including
|
171.26
|
172.04
|
892
|
0.78
|
0.57
|
2,206
|
1.44
|
0.71
|
0.02
|
0.40
|
T17
|
ZKTDB20T1704
|
88.90
|
89.42
|
971
|
0.52
|
0.19
|
789
|
0.92
|
0.09
|
0.03
|
0.06
|
T17
|
ZKTDB25AT39E201
|
169.08
|
170.79
|
785
|
1.71
|
0.46
|
456
|
16.16
|
2.55
|
0.01
|
0.11
|
T39E2
|
ZKTDB27AT39E201
|
89.44
|
90.08
|
811
|
0.64
|
0.44
|
190
|
1.26
|
3.19
|
0.01
|
0.03
|
T39W
|
ZKTDB27AT39E201
|
99.41
|
100.22
|
803
|
0.81
|
0.56
|
1,705
|
1.30
|
0.35
|
0.02
|
0.06
|
T39E2
|
ZKTDB27AT5E111
|
122.45
|
123.21
|
955
|
0.76
|
0.74
|
200
|
1.34
|
0.67
|
0.05
|
0.01
|
T39E
|
ZKTDB33AT31W301
|
32.88
|
33.47
|
902
|
0.59
|
0.23
|
233
|
0.28
|
0.10
|
0.08
|
0.01
|
[1]
|
ZKTDB33AT31W301
|
49.38
|
50.30
|
893
|
0.92
|
0.36
|
110
|
1.15
|
0.20
|
0.06
|
0.02
|
T31W1
|
ZKTDB39T101
|
144.95
|
145.73
|
823
|
0.78
|
0.51
|
199
|
3.69
|
0.07
|
0.05
|
0.03
|
T2
|
ZKTDB39T103
|
66.76
|
67.63
|
892
|
0.87
|
0.64
|
151
|
0.80
|
0.05
|
0.03
|
0.01
|
T1W
|
ZKTDB39T103
|
147.21
|
150.11
|
818
|
2.90
|
2.03
|
1,115
|
1.20
|
0.09
|
0.03
|
0.11
|
T3
|
ZKTDB43AT303
|
176.86
|
177.44
|
797
|
0.58
|
0.37
|
165
|
0.27
|
0.03
|
0.02
|
0.01
|
T1W
|
ZKTDB43T301
|
299.35
|
300.13
|
712
|
0.78
|
0.58
|
9
|
3.57
|
0.05
|
0.17
|
0.04
|
T35
|
ZKTDB43T302
|
165.24
|
166.38
|
807
|
1.14
|
0.84
|
275
|
0.26
|
0.02
|
0.05
|
0.01
|
T23E
|
ZKTDB43T302
|
170.81
|
171.99
|
801
|
1.18
|
0.85
|
38
|
3.43
|
0.10
|
0.10
|
0.01
|
T1
|
ZKTDB43T302
|
210.24
|
211.23
|
764
|
0.99
|
0.70
|
407
|
0.90
|
0.21
|
0.47
|
0.17
|
T3
|
ZKTDB43T302
|
243.39
|
247.69
|
731
|
4.30
|
3.01
|
171
|
2.19
|
0.11
|
1.25
|
0.04
|
T3E
|
including
|
246.65
|
247.69
|
730
|
1.04
|
0.72
|
520
|
1.25
|
0.05
|
4.36
|
0.11
|
T3E
|
Tunneling Program at the TLP Mine
In addition to the drilling program, 4,526 m of exploration drift tunneling were
developed at the TLP mine during this period. The exploration
tunneling, comprised of drifting, cross-cutting 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.
Mine
|
Major Target
Veins
|
Elevation
(m)
|
Total
Tunneling
(m)
|
Channel
Samples
Collected
|
Drift
Included
(m)
|
Total
Mineralization Exposed by Drifts
|
Length
(m)
|
Average
True Width
(m)
|
Ag
(g/t)
|
Pb
(%)
|
Zn
(%)
|
TLP
|
T1, T2, T3, T3E,
T5,
T26, T26E, T14E,
15W, T15W3,
T33E, T23, T11, T16,
T17, T14, T35E, T38,
T39E2, T39E, T27
|
510-1070
|
7,020
|
3,461
|
4,526
|
1,667
|
0.54
|
276
|
3.06
|
0.60
|
[1]
|
Mineralization is
defined by silver equivalent value (AgEq) greater than or equal to
130 g/t at the TLP mine.
|
|
(Formulae used for
AgEq calculation: TLP=34.19*Pb%+Ag g/t)
|
Highlights of selected mineralized zones exposed in the drift
tunnels:
- Drift Tunnel PD890-T16E-890-2NYM exposed mineralization
85 m long and 0.64 m wide (true width) grading 721 g/t Ag,
2.62% Pb and 0.72% Zn within vein T16E on the 893 m level;
- Drift Tunnel PD820-T22E-700-16NYM exposed mineralization
30 m long and 0.81 m wide (true width) grading 692 g/t Ag,
3.43% Pb and 1.05% Zn within vein T22E on the 704 m level;
- Drift Tunnel PD960-T33-990-13NYM exposed mineralization
20m long and 0.44 m wide (true width) grading 1,841 g/t Ag,
1.81% Pb and 1.31% Zn within vein T33 on the 960m level; and
- Drift Tunnel PD846-T11E-846-10SYM exposed mineralization
110m long and 0.68 m wide (true width) grading 427 g/t Ag,
2.26% Pb and 0.44% Zn within vein T11E on the 858 m level.
Table 2: Selected mineralized zones exposed by drift
tunneling at the TLP mine
Tunnel
ID
|
Vein
|
Elevation
(m)
|
Ore Length
(m)
|
True Width
(m)
|
Ag
(g/t)
|
Pb
(%)
|
Zn
(%)
|
PD846-T11E-846-10SYM
|
T11E
|
858
|
80.00
|
0.68
|
427
|
2.26
|
0.44
|
PD930-T15W-930-12NYM
|
T15W
|
922
|
15.00
|
0.58
|
485
|
3.59
|
0.35
|
PD930-T15W-930-12SYM
|
T15W
|
922
|
55.00
|
0.56
|
188
|
2.20
|
0.23
|
PD820-T15W1-700-4SYM
|
T15W1
|
700
|
70.00
|
0.61
|
84
|
5.17
|
0.22
|
PD820-T15W3-795-8NYM3
|
T15W2
|
800
|
20.00
|
0.45
|
172
|
5.51
|
0.68
|
PD820-T15W3-755-8NYM
|
T15W2
|
761
|
15.00
|
0.62
|
359
|
5.72
|
1.05
|
PD960-T16E-960-1SYM
|
T16E
|
957
|
45.00
|
0.30
|
494
|
2.46
|
2.02
|
PD890-T16E-890-2NYM
|
T16E
|
893
|
85.00
|
0.64
|
721
|
2.62
|
0.72
|
PD820-T17W-700-14SYMA
|
T17
|
702
|
20.00
|
0.92
|
153
|
8.27
|
0.12
|
PD730-T1W1-700-13NYM
|
T1W1
|
707
|
15.00
|
0.36
|
78
|
3.09
|
0.67
|
PD820-T22E-700-16NYM
|
T22E
|
704
|
20.00
|
0.81
|
692
|
3.43
|
1.05
|
PD960-T33-990-13NYM
|
T33
|
996
|
20.00
|
0.44
|
1,841
|
1.81
|
1.31
|
PD890-T33-890-23NYM
|
T33
|
897
|
30.00
|
0.60
|
261
|
1.22
|
0.13
|
PD730-T33W2-700-15NYM
|
T33W2
|
706
|
15.00
|
0.34
|
14
|
6.04
|
0.06
|
PD800-T39E2-800-23NYM
|
T39E2
|
800
|
45.00
|
0.48
|
173
|
2.07
|
0.95
|
PD820XPD-T39E2-700-25NYM
|
T39E2
|
700
|
15.00
|
0.59
|
82
|
3.02
|
0.88
|
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, 226 km 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 1m, 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.
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; perations 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 for the year ended March 31, 2020 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 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.
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