Trading Symbol
TSX: SVM
NYSE American: SVM
VANCOUVER, British Columbia,
July 6, 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 SGX mine. Extensive exploration
drilling and tunneling are ongoing at the SGX mine, and all other
mines at the Ying Mining District, Henan
Province, China.
From October 1, 2020 to
June 30, 2021, 48,867 metres ("m")
from a total of 298 diamond drill holes, including 242 underground
holes and 56 surface holes, were completed at the SGX mine.
Assay results for 254 holes have been received, with 166 holes
intercepting mineralization.
The diamond drilling program at the SGX mine targeted: (1)
blocks of known silver-lead-zinc veins; (2) blocks of
silver-lead-zinc veins with gold grades but low silver-lead-zinc
grades; (3) gold veins in and above the existing production
areas; and (4) newly-discovered gold veins outside the production
areas. Currently, 20 rigs are drilling at the SGX mine.
Drilling Intersected High-Grade Veins In and Above the
Production Areas
Detailed drilling of blocks of known silver-lead-zinc and gold
veins in and above the SGX mine production areas intersected
high-grade veins. These mineralized occurrences were previously
missed due to limited drilling and tunneling, changes in the
strikes and dips, and/or pinch-swelling of the pay-zones in the
veins. The Company expects that these discoveries can be converted
quickly into reserves and mined with existing underground
workings.
The high-grade intercepts for this period are associated with
parallel silver-lead-zinc veins S7, S7_1, S7_2, S7E2, S7W1, S14,
S14_1, S14_2, S14W, S16W, S16W1, S16E, S16E2, S16E8, S21, S21W1,
and gold veins S16W, H18E. Other veins include S1W2, S8W2, S19,
S29, S31E, S33, and S33E.
Highlights of high-grade intercepts at the SGX mine production
area:
- Hole ZK74S16W07 intersected a 2.50 m interval (2.21
m true width) of vein S16W grading 20 grams per tonne
("g/t") silver ("Ag"), 0.46% lead ("Pb"), 1.07% zinc ("Zn"), 25.02
g/t gold ("Au"), and 0.03% copper ("Cu") at the 200 m elevation. S16W is a major production vein
at the SGX mine and the blocks with gold grades but lower Ag-Pb-Zn
grades were left over from previous mining;
- Hole ZK64S16W005 intersected a 1.25 m interval (1.25
m true width) of vein S16W grading 141 g/t Ag, 1.86% Pb,
0.63% Zn, 24.28 g/t Au and 0.02% Cu at the 321 m elevation;
- Hole ZK16S7407 intersected a 0.92 m interval (0.75
m true width) of vein S16W grading 1,376 g/t Ag, 13.43% Pb,
1.07% Zn, 0.37 g/t Au, and 0.21% Cu at the 444 m elevation;
- Hole ZK53S2910 intersected a 2.05 m interval (2.05
m true width) of vein S29 grading 423 g/t Ag, 18.19% Pb,
8.29% Zn, 0.01 g/t Au, and 0.03% Cu at the 392 m elevation, which includes a 0.84 m interval (0.84
m true width) grading 962 g/t Ag, 43.55% Pb, 19.39% Zn, 0.01
g/t Au, and 0.05% Cu at the 392 m
elevation;
- Hole ZK60S16W002 intersected a 2.19 m interval (1.54
m true width) of vein S21W1 grading 963 g/t Ag, 2.84% Pb,
0.34% Zn, 0.25 g/t Au, and 0.18% Cu at the 324 m elevation, which includes a 1.08 m interval (0.76
m true width) grading 1,841 g/t Ag, 5.63% Pb, 0.60% Zn, 0.46
g/t Au, and 0.34% Cu at the 324 m
elevation;
- Hole ZK51S16W102 intersected a 2.02 m interval (2.00
m true width) of vein S16W1 grading 461 g/t Ag, 4.79% Pb,
1.76% Zn, 0.02 g/t Au, and 0.06% Cu at the 560 m elevation, which includes a 0.77 m interval (0.76
m true width) grading 1,031 g/t Ag, 12.53% Pb, 4.56% Zn,
0.05 g/t Au, and 0.15% Cu at the 560
m elevation;
- Hole ZK02AS7_208 intersected a 1.25 m interval (0.74
m true width) of vein S7_2 grading 916 g/t Ag, 23.18% Pb,
0.54% Zn, 0.11 g/t Au, and 0.13% Cu at the 199 m elevation; and
- Hole ZK01BS7-1004 intersected a 1.19 m interval (1.01
m true width) of vein S7_1 grading 591 g/t Ag, 24.12% Pb,
1.79% Zn, 0.11 g/t Au, and 0.08% Cu at the 285 m elevation.
Surface and Underground Drilling Intersects Newly-Discovered
Gold Veins in the North and Northeast Sides of the Resource
Area
Exploratory surface drilling and underground drilling in the
north and northeast sides of the resource area at the SGX mine
discovered gold veins S16W, S18E, S7-2E, S7_2, S74, S74a, and S75.
Gold mineralization in Ag-Pb-Zn veins, such as S16W, seems to
be an earlier phase of mineralization which has been overprinted by
Ag-Pb-Zn mineralization. Depending on the degree of overprint, gold
grades in the Ag-Pb-Zn veins may vary substantially.
- Surface hole ZKDB72S16W02 intersected a 0.48 m interval from 186.22 m to 186.7 m
(0.32 m true width) of vein S74
grading 1,048 g/t Ag, 0.50% Pb, 1.67% Zn, 24.45 g/t Au, and 0.02%
Cu at the 534 m elevation;
- Underground hole ZK74S16W1004 intersected a 0.62 m interval (0.41
m true width) of vein S74, grading 21 g/t Ag, 5.88% Pb,
6.05% Zn, 5.06 g/t Au, and 0.15% Cu at the 244 m elevation; and
- Surface hole ZKDB34AS8001 intersected a
1.10 m interval from 107.51 m to 108.61
m (0.69 m true width) of vein
S75 grading 8 g/t Ag, 0.22% Pb, 0.33% Zn, 4.97 g/t Au, and 0.01% Cu
at the 699 m elevation.
Table 1: Selected intercepts from the 2021 exploration
programs at the SGX mine
Hole
ID
|
From
(m)
|
To
(m)
|
Elevation
(m)
|
Interval
(m)
|
True
Width
(m)
|
Ag
(g/t)
|
Pb
(%)
|
Zn
(%)
|
Au
(g/t)
|
Cu
(%)
|
Vein
|
Ore
Type
|
ZK00S7_2001
|
136.44
|
137.30
|
230
|
0.86
|
0.65
|
88
|
3.53
|
1.83
|
0.09
|
0.02
|
S7_1E
|
Ag-Pb-Zn
|
ZK00S7_2001
|
152.84
|
153.67
|
221
|
0.83
|
0.63
|
99
|
1.96
|
0.32
|
0.07
|
0.01
|
S7_1
|
Ag-Pb-Zn
|
ZK01BS7_1001
|
34.83
|
35.16
|
300
|
0.33
|
0.29
|
379
|
9.09
|
0.89
|
0.14
|
0.36
|
S16W
|
Ag-Pb-Zn
|
ZK01BS7_1001
|
121.66
|
122.14
|
283
|
0.48
|
0.44
|
812
|
0.60
|
0.13
|
0.10
|
0.75
|
S7_1
|
Ag-Pb-Zn
|
ZK01BS7_1002
|
135.85
|
137.27
|
255
|
1.42
|
1.20
|
40
|
0.53
|
3.77
|
0.01
|
0.05
|
S7_1
|
Ag-Pb-Zn
|
ZK01BS7_1007
|
122.44
|
123.25
|
291
|
0.81
|
0.73
|
51
|
3.54
|
2.57
|
0.01
|
0.05
|
S7_1
|
Ag-Pb-Zn
|
ZK01BS7_1010
|
101.30
|
101.96
|
282
|
0.66
|
0.59
|
164
|
0.10
|
5.54
|
0.03
|
0.02
|
S7_1E
|
Ag-Pb-Zn
|
ZK01BS7_1010
|
120.50
|
121.28
|
278
|
0.78
|
0.75
|
905
|
6.92
|
0.57
|
0.07
|
0.17
|
S7_1
|
Ag-Pb-Zn
|
ZK01BS7_1014
|
47.88
|
49.01
|
298
|
1.13
|
1.01
|
46
|
1.11
|
2.47
|
0.05
|
0.04
|
S16W
|
Ag-Pb-Zn
|
ZK01BS7-1004
|
122.01
|
123.20
|
285
|
1.19
|
1.01
|
591
|
24.12
|
1.79
|
0.11
|
0.08
|
S7_1
|
Ag-Pb-Zn
|
ZK01BS8E001
|
95.80
|
96.56
|
260
|
0.76
|
0.68
|
143
|
0.06
|
0.09
|
0.03
|
0.06
|
S8E1
|
Ag-Pb-Zn
|
ZK01S18002
|
114.04
|
114.57
|
563
|
0.53
|
0.47
|
282
|
10.57
|
0.88
|
0.01
|
0.06
|
S33
|
Ag-Pb-Zn
|
ZK01S7_1002
|
133.61
|
135.22
|
283
|
1.61
|
1.23
|
52
|
2.30
|
0.54
|
0.01
|
0.01
|
S7_1
|
Ag-Pb-Zn
|
ZK01S7_1005
|
24.75
|
26.09
|
302
|
1.34
|
1.32
|
202
|
1.00
|
0.42
|
0.00
|
0.07
|
S16E
|
Ag-Pb-Zn
|
ZK02AS16W03
|
63.38
|
65.08
|
238
|
1.70
|
1.22
|
471
|
5.36
|
0.10
|
0.13
|
0.05
|
S16W
|
Ag-Pb-Zn
|
ZK02AS7_201
|
43.61
|
45.67
|
472
|
2.06
|
1.15
|
290
|
0.12
|
2.17
|
0.05
|
0.03
|
S7_2
|
Ag-Pb-Zn
|
ZK02AS7_208
|
78.17
|
79.42
|
199
|
1.25
|
0.74
|
916
|
23.18
|
0.54
|
0.11
|
0.13
|
S7_2
|
Ag-Pb-Zn
|
ZK04AS7_202
|
89.92
|
91.68
|
428
|
1.76
|
1.70
|
55
|
2.03
|
1.49
|
0.04
|
0.03
|
S7_2
|
Ag-Pb-Zn
|
ZK04AS7_203
|
106.44
|
107.45
|
414
|
1.01
|
0.95
|
98
|
1.66
|
0.26
|
0.03
|
0.02
|
S7W
|
Ag-Pb-Zn
|
ZK06AS14_203
|
7.10
|
7.95
|
260
|
0.85
|
0.84
|
189
|
0.85
|
0.47
|
0.29
|
0.09
|
S31E
|
Ag-Pb-Zn
|
ZK06AS14_204
|
50.57
|
51.39
|
251
|
0.82
|
0.31
|
573
|
12.78
|
3.74
|
0.18
|
0.08
|
S14_2
|
Ag-Pb-Zn
|
ZK06AS14_206
|
49.20
|
49.88
|
236
|
0.68
|
0.29
|
420
|
15.73
|
2.84
|
0.05
|
0.06
|
S14_2
|
Ag-Pb-Zn
|
ZK06AS7001
|
92.00
|
92.33
|
256
|
0.33
|
0.13
|
416
|
11.94
|
0.20
|
0.04
|
0.44
|
S7
|
Ag-Pb-Zn
|
ZK06AS7003
|
101.33
|
102.58
|
189
|
1.25
|
0.28
|
551
|
7.19
|
0.50
|
0.04
|
0.45
|
S7E2
|
Ag-Pb-Zn
|
ZK06S1402
|
8.56
|
9.12
|
262
|
0.56
|
0.55
|
939
|
6.48
|
2.54
|
2.40
|
0.05
|
S14_1
|
Ag-Pb-Zn
|
ZK06S1402
|
41.63
|
42.73
|
252
|
1.10
|
1.01
|
119
|
0.36
|
0.23
|
0.10
|
0.28
|
S14
|
Ag-Pb-Zn
|
ZK06S1403
|
10.59
|
11.13
|
262
|
0.54
|
0.52
|
210
|
1.85
|
1.44
|
0.22
|
0.03
|
S14_1
|
Ag-Pb-Zn
|
ZK06S1403
|
43.75
|
44.49
|
254
|
0.74
|
0.55
|
481
|
0.83
|
0.06
|
0.23
|
0.25
|
S14
|
Ag-Pb-Zn
|
ZK06S18E005
|
314.97
|
315.53
|
282
|
0.56
|
0.50
|
142
|
0.31
|
0.40
|
3.75
|
0.02
|
S18E
|
Au
|
ZK06S18E009
|
4.46
|
5.05
|
452
|
0.59
|
0.57
|
154
|
0.31
|
0.61
|
0.13
|
0.02
|
S14E1
|
Ag-Pb-Zn
|
ZK06S18E009
|
127.62
|
128.28
|
406
|
0.66
|
0.62
|
320
|
0.14
|
0.18
|
1.73
|
0.01
|
S35
|
Ag-Pb-Zn
|
ZK06S18E009
|
243.91
|
245.21
|
362
|
1.30
|
1.22
|
8
|
0.01
|
0.01
|
2.09
|
0.01
|
S18
|
Au
|
ZK06S8005
|
100.74
|
102.50
|
187
|
1.76
|
1.26
|
258
|
14.88
|
1.52
|
0.10
|
0.03
|
S8W2
|
Ag-Pb-Zn
|
ZK06S8005
|
160.00
|
161.08
|
142
|
1.08
|
0.76
|
72
|
1.22
|
2.84
|
0.11
|
0.08
|
S8
|
Ag-Pb-Zn
|
ZK06S8011
|
132.20
|
132.88
|
167
|
0.68
|
0.61
|
57
|
5.10
|
0.75
|
0.01
|
0.02
|
S8
|
Ag-Pb-Zn
|
ZK06S8W201
|
142.84
|
143.17
|
157
|
0.33
|
0.22
|
45
|
6.06
|
6.70
|
0.01
|
0.09
|
S8W
|
Ag-Pb-Zn
|
ZK06S8W201
|
148.77
|
149.80
|
152
|
1.03
|
0.68
|
112
|
3.47
|
0.44
|
0.07
|
0.18
|
S8
|
Ag-Pb-Zn
|
ZK08AS31001
|
39.64
|
40.57
|
256
|
0.93
|
0.84
|
234
|
2.74
|
2.83
|
0.08
|
0.05
|
S31E
|
Ag-Pb-Zn
|
ZK08AS31002
|
7.29
|
7.55
|
261
|
0.26
|
0.21
|
369
|
7.78
|
0.43
|
0.29
|
1.92
|
S14
|
Ag-Pb-Zn
|
ZK08AS31002
|
12.92
|
13.27
|
260
|
0.35
|
0.28
|
404
|
7.29
|
0.37
|
0.24
|
0.23
|
S14W
|
Ag-Pb-Zn
|
ZK08AS31003
|
6.01
|
6.66
|
261
|
0.65
|
0.63
|
118
|
2.57
|
0.15
|
0.02
|
0.12
|
S14
|
Ag-Pb-Zn
|
ZK08AS31003
|
43.46
|
44.06
|
244
|
0.60
|
0.60
|
463
|
2.21
|
6.91
|
0.29
|
0.06
|
S31E
|
Ag-Pb-Zn
|
ZK08AS31004
|
8.84
|
10.10
|
259
|
1.26
|
1.06
|
210
|
11.39
|
0.30
|
0.05
|
0.08
|
S14
|
Ag-Pb-Zn
|
ZK08AS31005
|
70.20
|
71.09
|
242
|
0.89
|
0.63
|
164
|
0.18
|
0.42
|
0.09
|
0.01
|
S31
|
Ag-Pb-Zn
|
ZK08AS31006
|
40.08
|
41.35
|
243
|
1.27
|
0.34
|
132
|
2.43
|
6.24
|
0.12
|
0.05
|
S31E
|
Ag-Pb-Zn
|
ZK08AS31006
|
56.94
|
57.83
|
235
|
0.89
|
0.81
|
679
|
6.99
|
1.13
|
0.48
|
0.01
|
S14_2
|
Ag-Pb-Zn
|
ZK08AS31007
|
10.60
|
11.65
|
259
|
1.05
|
0.71
|
904
|
20.38
|
0.77
|
0.10
|
0.24
|
S14
|
Ag-Pb-Zn
|
ZK08AS31007
|
33.48
|
34.59
|
250
|
1.11
|
0.85
|
111
|
0.62
|
2.30
|
0.13
|
0.09
|
S14_2
|
Ag-Pb-Zn
|
ZK08AS31008
|
13.63
|
15.95
|
260
|
2.32
|
0.99
|
141
|
3.22
|
0.86
|
0.01
|
0.11
|
S14
|
Ag-Pb-Zn
|
ZK08AS31009
|
18.18
|
21.01
|
253
|
2.83
|
2.19
|
76
|
2.22
|
0.57
|
0.05
|
0.06
|
S14
|
Ag-Pb-Zn
|
ZK08AS31009
|
123.43
|
124.01
|
193
|
0.58
|
0.45
|
603
|
23.83
|
2.69
|
0.05
|
0.06
|
S31E
|
Ag-Pb-Zn
|
ZK08AS31010
|
17.25
|
17.79
|
260
|
0.54
|
0.46
|
154
|
4.19
|
0.43
|
0.24
|
0.07
|
S14_1
|
Ag-Pb-Zn
|
ZK08AS31011
|
11.62
|
12.81
|
255
|
1.19
|
0.94
|
146
|
5.09
|
0.30
|
0.12
|
0.29
|
S14
|
Ag-Pb-Zn
|
ZK08AS31011
|
15.26
|
15.94
|
253
|
0.68
|
0.54
|
853
|
22.40
|
0.43
|
0.26
|
0.07
|
S14W
|
Ag-Pb-Zn
|
ZK08AS31012
|
9.74
|
10.29
|
258
|
0.55
|
0.49
|
211
|
7.35
|
0.26
|
0.11
|
0.33
|
S14
|
Ag-Pb-Zn
|
ZK08AS31012
|
83.30
|
84.30
|
220
|
1.00
|
0.89
|
107
|
1.54
|
0.11
|
0.11
|
0.01
|
S31
|
Ag-Pb-Zn
|
ZK08AS31012
|
95.80
|
96.84
|
213
|
1.04
|
0.93
|
58
|
1.38
|
1.21
|
0.12
|
0.02
|
S6E1
|
Ag-Pb-Zn
|
ZK08AS31014
|
40.05
|
40.84
|
235
|
0.79
|
0.60
|
91
|
1.52
|
12.42
|
0.11
|
0.02
|
S31E
|
Ag-Pb-Zn
|
ZK08S18E10
|
70.70
|
71.67
|
379
|
0.97
|
0.88
|
36
|
0.12
|
0.28
|
2.78
|
0.01
|
S18E
|
Au
|
ZK08S18E11
|
81.41
|
82.19
|
342
|
0.78
|
0.63
|
10
|
0.01
|
0.02
|
2.88
|
0.00
|
S18Ea
|
Au
|
ZK08S18E11
|
93.84
|
94.88
|
333
|
1.04
|
0.83
|
10
|
0.02
|
0.02
|
1.80
|
0.00
|
S18E
|
Au
|
ZK10AS7W001
|
121.27
|
122.40
|
321
|
1.13
|
0.74
|
1,049
|
1.24
|
0.87
|
0.11
|
0.11
|
S7W1
|
Ag-Pb-Zn
|
ZK10AS7W001
|
149.51
|
150.52
|
313
|
1.01
|
0.67
|
256
|
2.86
|
0.43
|
0.00
|
0.02
|
S7W
|
Ag-Pb-Zn
|
ZK10S3103
|
2.48
|
3.43
|
262
|
0.95
|
0.78
|
244
|
1.87
|
0.38
|
0.21
|
0.10
|
S14
|
Ag-Pb-Zn
|
ZK10S3103
|
90.61
|
91.12
|
213
|
0.51
|
0.37
|
431
|
2.08
|
3.80
|
1.60
|
0.06
|
S31E
|
Ag-Pb-Zn
|
ZK10S3104
|
6.36
|
6.92
|
263
|
0.56
|
0.53
|
259
|
0.10
|
0.14
|
0.00
|
0.10
|
S14
|
Ag-Pb-Zn
|
ZK10S3105
|
4.75
|
5.48
|
263
|
0.73
|
0.54
|
436
|
1.19
|
0.64
|
0.00
|
0.37
|
S14
|
Ag-Pb-Zn
|
ZK10S3105
|
18.61
|
19.25
|
259
|
0.64
|
0.47
|
609
|
19.64
|
0.36
|
0.27
|
0.06
|
S14W
|
Ag-Pb-Zn
|
ZK11AS8008
|
238.87
|
241.71
|
137
|
2.84
|
1.16
|
100
|
11.80
|
0.30
|
0.01
|
0.05
|
S8
|
Ag-Pb-Zn
|
ZK11AS8009
|
303.01
|
303.75
|
39
|
0.74
|
0.57
|
337
|
2.23
|
0.49
|
0.32
|
0.03
|
S8
|
Ag-Pb-Zn
|
ZK12S21001
|
45.12
|
46.11
|
326
|
0.99
|
0.83
|
196
|
0.62
|
0.56
|
0.21
|
0.03
|
S21
|
Ag-Pb-Zn
|
ZK12S21002
|
48.68
|
49.60
|
321
|
0.92
|
0.39
|
534
|
12.58
|
0.94
|
0.50
|
0.12
|
S21
|
Ag-Pb-Zn
|
ZK13AS1901
|
118.37
|
122.31
|
599
|
3.94
|
3.45
|
81
|
0.67
|
3.02
|
0.45
|
0.03
|
S19W
|
Ag-Pb-Zn
|
ZK15S1905
|
107.45
|
108.07
|
598
|
0.62
|
0.56
|
324
|
14.80
|
1.52
|
0.03
|
0.03
|
S19
|
Ag-Pb-Zn
|
ZK16S1W301
|
15.74
|
16.83
|
139
|
1.09
|
0.79
|
113
|
1.74
|
0.36
|
0.17
|
0.06
|
S2W2
|
Ag-Pb-Zn
|
ZK16S1W301
|
86.71
|
87.64
|
121
|
0.93
|
0.72
|
528
|
0.74
|
6.85
|
0.70
|
0.13
|
S1W2
|
Ag-Pb-Zn
|
ZK16S1W301
|
156.02
|
156.91
|
103
|
0.89
|
0.70
|
239
|
1.29
|
0.60
|
0.23
|
0.13
|
S1W3
|
Ag-Pb-Zn
|
ZK16S7_201
|
59.90
|
62.06
|
437
|
2.16
|
1.23
|
257
|
0.49
|
13.13
|
0.79
|
0.11
|
S16W
|
Ag-Pb-Zn
|
ZK16S7_202
|
16.46
|
17.58
|
478
|
1.12
|
0.91
|
51
|
4.54
|
1.08
|
0.04
|
0.01
|
S16E
|
Ag-Pb-Zn
|
ZK16S7_204
|
86.41
|
87.66
|
414
|
1.25
|
0.47
|
288
|
1.85
|
1.87
|
0.34
|
0.03
|
S16E
|
Ag-Pb-Zn
|
ZK16S7407
|
51.22
|
52.14
|
444
|
0.92
|
0.75
|
1,376
|
13.43
|
1.07
|
0.37
|
0.21
|
S16W
|
Ag-Pb-Zn
|
ZK16S7408
|
101.53
|
104.46
|
485
|
2.93
|
1.03
|
18
|
0.48
|
0.76
|
1.22
|
0.00
|
S16W
|
Au
|
ZK18AS2W205
|
5.33
|
6.50
|
300
|
1.17
|
0.84
|
40
|
2.08
|
2.81
|
0.01
|
0.02
|
S1W3
|
Ag-Pb-Zn
|
ZK18S7407
|
173.26
|
174.04
|
279
|
0.78
|
0.75
|
148
|
3.29
|
6.12
|
0.33
|
0.18
|
S16W
|
Ag-Pb-Zn
|
ZK18S7408
|
164.52
|
165.78
|
247
|
1.26
|
1.26
|
12
|
4.89
|
0.44
|
0.03
|
0.03
|
S16W
|
Ag-Pb-Zn
|
ZK4AS18E01
|
199.09
|
199.45
|
135
|
0.36
|
0.30
|
28
|
0.66
|
0.49
|
1.39
|
0.01
|
S18E
|
Au
|
ZK4AS7001
|
27.38
|
28.50
|
447
|
1.12
|
1.07
|
362
|
12.33
|
0.76
|
0.10
|
0.07
|
S7
|
Ag-Pb-Zn
|
ZK4AS7002
|
24.30
|
24.91
|
442
|
0.61
|
0.61
|
742
|
11.12
|
1.62
|
0.10
|
0.04
|
S7
|
Ag-Pb-Zn
|
ZK4AS7004
|
30.56
|
31.85
|
445
|
1.29
|
1.22
|
121
|
3.41
|
0.33
|
0.06
|
0.01
|
S7
|
Ag-Pb-Zn
|
ZK50S2904
|
136.14
|
137.55
|
436
|
1.41
|
1.30
|
83
|
1.76
|
0.10
|
0.01
|
0.01
|
S14
|
Ag-Pb-Zn
|
ZK50S2904
|
195.15
|
197.83
|
428
|
2.68
|
2.48
|
309
|
1.19
|
3.14
|
0.01
|
0.04
|
S29
|
Ag-Pb-Zn
|
ZK51BS16W103
|
68.78
|
70.69
|
559
|
1.91
|
1.61
|
68
|
0.26
|
6.09
|
0.03
|
0.03
|
S16W1
|
Ag-Pb-Zn
|
ZK51S16W06
|
49.66
|
50.51
|
258
|
0.85
|
0.83
|
702
|
11.02
|
0.33
|
0.30
|
0.99
|
S7E2
|
Ag-Pb-Zn
|
ZK51S16W06
|
53.52
|
54.20
|
258
|
0.68
|
0.66
|
334
|
1.80
|
0.12
|
0.06
|
0.02
|
S7E2a
|
Ag-Pb-Zn
|
ZK51S16W06
|
55.63
|
56.32
|
258
|
0.69
|
0.67
|
115
|
1.18
|
0.36
|
0.02
|
0.06
|
S7
|
Ag-Pb-Zn
|
ZK51S16W06
|
83.42
|
84.51
|
254
|
1.09
|
1.05
|
112
|
4.92
|
0.14
|
0.03
|
0.04
|
S7_2
|
Ag-Pb-Zn
|
ZK51S16W102
|
54.84
|
56.86
|
560
|
2.02
|
2.00
|
461
|
4.79
|
1.76
|
0.02
|
0.06
|
S16W1
|
Ag-Pb-Zn
|
incl.
|
56.09
|
56.86
|
560
|
0.77
|
0.76
|
1,031
|
12.53
|
4.56
|
0.05
|
0.15
|
S16W1
|
Ag-Pb-Zn
|
ZK51S2907
|
192.14
|
193.31
|
292
|
1.17
|
1.03
|
223
|
1.05
|
0.23
|
0.01
|
0.07
|
S29
|
Ag-Pb-Zn
|
ZK51S2910
|
85.25
|
86.02
|
415
|
0.77
|
0.61
|
163
|
0.27
|
1.22
|
0.05
|
0.02
|
S30W
|
Ag-Pb-Zn
|
ZK53S16W04
|
56.98
|
58.80
|
257
|
1.82
|
1.49
|
329
|
7.06
|
0.36
|
0.03
|
0.29
|
S7E2
|
Ag-Pb-Zn
|
ZK53S16W04
|
78.42
|
79.40
|
254
|
0.98
|
0.79
|
178
|
5.20
|
0.72
|
0.16
|
0.12
|
S7a
|
Ag-Pb-Zn
|
ZK53S16W101
|
60.50
|
61.02
|
550
|
0.52
|
0.46
|
225
|
2.40
|
5.04
|
0.05
|
0.02
|
S16W1
|
Ag-Pb-Zn
|
ZK53S16W102
|
59.92
|
63.00
|
561
|
3.08
|
2.51
|
119
|
2.95
|
10.01
|
0.03
|
0.04
|
S16W1
|
Ag-Pb-Zn
|
incl.
|
60.69
|
61.45
|
560
|
0.76
|
0.62
|
228
|
9.52
|
19.04
|
0.03
|
0.09
|
S16W1
|
Ag-Pb-Zn
|
ZK53S2910
|
151.20
|
153.25
|
392
|
2.05
|
2.05
|
423
|
18.19
|
8.29
|
0.01
|
0.03
|
S29
|
Ag-Pb-Zn
|
incl.
|
151.90
|
152.74
|
392
|
0.84
|
0.84
|
962
|
43.55
|
19.39
|
0.01
|
0.05
|
S29
|
Ag-Pb-Zn
|
ZK53S2911
|
154.26
|
155.13
|
387
|
0.87
|
0.83
|
54
|
0.06
|
5.46
|
0.05
|
0.02
|
S29
|
Ag-Pb-Zn
|
ZK53S2912
|
153.81
|
155.35
|
387
|
1.54
|
1.54
|
261
|
2.73
|
8.97
|
0.01
|
0.07
|
S29
|
Ag-Pb-Zn
|
ZK53S2913
|
158.44
|
159.40
|
370
|
0.96
|
0.60
|
168
|
0.13
|
1.88
|
0.03
|
0.03
|
S29
|
Ag-Pb-Zn
|
ZK55S16W01
|
85.07
|
87.42
|
250
|
2.35
|
1.57
|
151
|
2.06
|
0.32
|
0.02
|
0.05
|
S7E2
|
Ag-Pb-Zn
|
ZK55S16W01
|
112.36
|
114.73
|
245
|
2.37
|
2.10
|
260
|
6.09
|
0.32
|
0.04
|
0.17
|
S7_2
|
Ag-Pb-Zn
|
ZK55S2903
|
73.38
|
74.23
|
479
|
0.85
|
0.35
|
91
|
4.31
|
0.85
|
0.01
|
0.01
|
S37
|
Ag-Pb-Zn
|
ZK562901
|
85.99
|
86.78
|
338
|
0.79
|
0.75
|
42
|
3.01
|
1.49
|
0.05
|
0.02
|
S29
|
Ag-Pb-Zn
|
ZK562903
|
18.27
|
18.94
|
350
|
0.67
|
0.52
|
71
|
0.13
|
6.07
|
0.05
|
0.01
|
S14_1
|
Ag-Pb-Zn
|
ZK562905
|
109.16
|
110.71
|
324
|
1.55
|
1.44
|
254
|
4.79
|
7.95
|
0.03
|
0.08
|
S29
|
Ag-Pb-Zn
|
incl.
|
109.16
|
109.90
|
316
|
0.74
|
0.69
|
469
|
9.73
|
15.33
|
0.03
|
0.15
|
S29
|
Ag-Pb-Zn
|
ZK57S37W02
|
168.49
|
169.00
|
483
|
0.51
|
0.29
|
3
|
0.01
|
0.01
|
3.09
|
0.02
|
S30
|
Au
|
ZK60AS16W001
|
96.35
|
97.14
|
323
|
0.79
|
0.59
|
145
|
0.35
|
0.38
|
0.09
|
0.14
|
S16E
|
Ag-Pb-Zn
|
ZK60AS16W001
|
100.09
|
100.65
|
322
|
0.56
|
0.42
|
56
|
3.38
|
5.15
|
0.03
|
0.03
|
S21W1
|
Ag-Pb-Zn
|
ZK60AS16W001
|
110.99
|
112.84
|
318
|
1.85
|
1.77
|
42
|
0.40
|
2.59
|
0.66
|
0.02
|
S16W
|
Ag-Pb-Zn
|
ZK60S16W002
|
108.10
|
110.29
|
324
|
2.19
|
1.54
|
963
|
2.84
|
0.34
|
0.25
|
0.18
|
S21W1
|
Ag-Pb-Zn
|
incl.
|
108.10
|
109.18
|
324
|
1.08
|
0.76
|
1,841
|
5.63
|
0.60
|
0.46
|
0.34
|
S21W1
|
Ag-Pb-Zn
|
ZK62S16W001
|
105.20
|
107.21
|
340
|
2.01
|
1.96
|
155
|
0.21
|
0.17
|
5.12
|
0.09
|
S16W
|
Au
|
ZK62S16W002
|
104.90
|
106.70
|
322
|
1.80
|
1.78
|
106
|
0.88
|
1.47
|
0.72
|
0.03
|
S16W
|
Ag-Pb-Zn
|
ZK62S16W003
|
105.57
|
107.66
|
338
|
2.09
|
2.07
|
183
|
2.72
|
7.12
|
0.98
|
0.04
|
S16W
|
Ag-Pb-Zn
|
ZK62S16W004
|
104.72
|
108.83
|
318
|
4.11
|
4.05
|
157
|
1.15
|
2.26
|
0.64
|
0.07
|
S16W
|
Ag-Pb-Zn
|
ZK64AS16W003
|
1.81
|
2.41
|
353
|
0.60
|
0.46
|
301
|
18.27
|
1.06
|
0.11
|
0.05
|
S16E
|
Ag-Pb-Zn
|
ZK64S16W005
|
100.32
|
101.57
|
321
|
1.25
|
1.25
|
141
|
1.86
|
0.63
|
24.28
|
0.02
|
S16W
|
Au
|
ZK64S16W008
|
21.20
|
21.88
|
349
|
0.68
|
0.42
|
438
|
0.73
|
2.77
|
0.23
|
0.13
|
S21Wa2
|
Ag-Pb-Zn
|
ZK64S16W008
|
106.87
|
108.63
|
328
|
1.76
|
1.09
|
42
|
4.63
|
2.27
|
0.14
|
0.01
|
S16W
|
Ag-Pb-Zn
|
ZK64S16W009
|
104.52
|
105.44
|
329
|
0.92
|
0.87
|
90
|
2.68
|
0.06
|
0.31
|
0.02
|
S16W
|
Ag-Pb-Zn
|
ZK64S16W010
|
101.19
|
102.24
|
331
|
1.05
|
1.02
|
392
|
2.69
|
1.24
|
0.20
|
0.15
|
S21W1
|
Ag-Pb-Zn
|
ZK66AS16W001
|
1.68
|
3.41
|
353
|
1.73
|
0.99
|
214
|
11.53
|
0.60
|
0.05
|
0.03
|
S16E
|
Ag-Pb-Zn
|
ZK66AS16W001
|
65.25
|
69.09
|
331
|
3.84
|
3.66
|
103
|
0.46
|
0.96
|
0.20
|
0.09
|
S16W
|
Ag-Pb-Zn
|
ZK66AS16W003
|
2.57
|
3.26
|
352
|
0.69
|
0.64
|
259
|
11.34
|
1.11
|
0.12
|
0.05
|
S16E
|
Ag-Pb-Zn
|
ZK66S16W001
|
58.48
|
59.70
|
342
|
1.22
|
1.15
|
237
|
0.06
|
0.19
|
0.06
|
0.30
|
S16W
|
Ag-Pb-Zn
|
ZK66S16W004
|
3.00
|
4.30
|
352
|
1.30
|
1.21
|
67
|
0.66
|
0.10
|
0.66
|
0.02
|
S16E
|
Ag-Pb-Zn
|
ZK66S16W004
|
65.71
|
66.64
|
318
|
0.93
|
0.90
|
20
|
0.08
|
0.05
|
1.77
|
0.00
|
S16W
|
Au
|
ZK68S16W001
|
3.75
|
4.27
|
353
|
0.52
|
0.35
|
395
|
15.72
|
2.15
|
0.09
|
0.09
|
S16E
|
Ag-Pb-Zn
|
ZK68S16W001
|
72.74
|
77.03
|
334
|
4.29
|
3.46
|
37
|
0.69
|
0.37
|
0.96
|
0.03
|
S16W
|
Au
|
ZK68S16W002
|
2.02
|
4.67
|
352
|
2.65
|
1.78
|
187
|
4.93
|
0.42
|
0.02
|
0.04
|
S16E
|
Ag-Pb-Zn
|
incl.
|
4.13
|
4.67
|
352
|
0.54
|
0.36
|
602
|
23.74
|
1.39
|
0.05
|
0.10
|
S16E
|
Ag-Pb-Zn
|
ZK68S16W002
|
72.00
|
74.47
|
321
|
2.47
|
2.22
|
68
|
4.47
|
0.18
|
0.20
|
0.03
|
S16W
|
Ag-Pb-Zn
|
ZK6AS14_1003
|
24.61
|
25.43
|
248
|
0.82
|
0.56
|
267
|
0.13
|
2.07
|
0.71
|
0.04
|
S14_1
|
Ag-Pb-Zn
|
ZK6AS14_2001
|
10.79
|
11.99
|
256
|
1.20
|
0.24
|
278
|
4.33
|
2.59
|
0.12
|
0.04
|
S14_2
|
Ag-Pb-Zn
|
ZK6AS18E01
|
144.35
|
144.64
|
150
|
0.29
|
0.19
|
14
|
0.01
|
0.02
|
3.26
|
0.01
|
S18
|
Au
|
ZK70S16W201
|
161.83
|
163.40
|
364
|
1.57
|
1.22
|
85
|
0.28
|
0.09
|
0.58
|
0.01
|
S16Ea2
|
Ag-Pb-Zn
|
ZK72S16E805
|
31.00
|
31.85
|
475
|
0.85
|
0.56
|
25
|
5.78
|
0.43
|
0.01
|
0.01
|
S16E8
|
Ag-Pb-Zn
|
ZK73S32002
|
112.61
|
113.11
|
504
|
0.50
|
0.46
|
73
|
0.26
|
4.94
|
0.05
|
0.06
|
S32
|
Ag-Pb-Zn
|
ZK74S16W1004
|
79.75
|
81.39
|
276
|
1.64
|
1.62
|
8
|
0.17
|
0.46
|
3.18
|
0.01
|
S16E2
|
Au
|
ZK74S16W1004
|
173.10
|
173.72
|
244
|
0.62
|
0.41
|
21
|
5.88
|
6.05
|
5.06
|
0.15
|
S74
|
Au
|
ZK74S16W07
|
177.53
|
180.03
|
200
|
2.50
|
2.21
|
20
|
0.46
|
1.07
|
25.02
|
0.03
|
S16W
|
Au/Ag-Pb-Zn
|
incl.
|
177.53
|
178.40
|
200
|
0.87
|
0.77
|
40
|
1.02
|
2.62
|
70.80
|
0.04
|
S16W
|
Au/Ag-Pb-Zn
|
ZK75S32001
|
118.87
|
120.64
|
503
|
1.77
|
1.73
|
78
|
0.18
|
8.20
|
0.03
|
0.17
|
S32
|
Ag-Pb-Zn
|
ZK75S32002
|
113.04
|
113.77
|
504
|
0.73
|
0.66
|
13
|
4.14
|
0.47
|
0.05
|
0.01
|
S32
|
Ag-Pb-Zn
|
ZK8AS18E01
|
98.38
|
99.04
|
186
|
0.66
|
0.36
|
205
|
1.05
|
0.96
|
4.66
|
0.01
|
S33E
|
Au
|
ZK93S28004
|
286.22
|
288.09
|
206
|
1.87
|
1.10
|
121
|
0.91
|
0.40
|
0.01
|
0.03
|
S28
|
Ag-Pb-Zn
|
ZK9AS8007
|
204.16
|
205.50
|
141
|
1.34
|
0.88
|
54
|
1.05
|
0.16
|
0.01
|
1.32
|
S8
|
Ag-Pb-Zn
|
ZKDB100S16W01
|
274.82
|
275.50
|
331
|
0.68
|
0.63
|
8
|
0.01
|
0.02
|
1.84
|
0.01
|
S16W6
|
Au
|
ZKDB101S3202
|
82.19
|
83.43
|
749
|
1.24
|
1.05
|
90
|
1.09
|
0.04
|
0.11
|
0.37
|
S26W
|
Ag-Pb-Zn
|
ZKDB13AS1901
|
241.31
|
243.60
|
623
|
2.29
|
2.23
|
29
|
0.13
|
7.07
|
0.01
|
0.02
|
S7_3
|
Ag-Pb-Zn
|
ZKDB16S21W01
|
153.01
|
155.94
|
646
|
2.93
|
2.52
|
268
|
0.28
|
0.68
|
0.17
|
0.02
|
S21
|
Ag-Pb-Zn
|
ZKDB16S21W01
|
189.27
|
190.69
|
645
|
1.42
|
1.16
|
108
|
0.36
|
5.17
|
0.05
|
0.05
|
S21W
|
Ag-Pb-Zn
|
ZKDB16S21W02
|
134.04
|
136.76
|
673
|
2.72
|
2.49
|
267
|
0.68
|
1.33
|
0.09
|
0.02
|
S21
|
Ag-Pb-Zn
|
ZKDB16S21W02
|
164.20
|
164.96
|
650
|
0.76
|
0.71
|
201
|
0.33
|
1.90
|
0.05
|
0.06
|
S21W
|
Ag-Pb-Zn
|
ZKDB16S21W04
|
158.48
|
159.00
|
676
|
0.52
|
0.48
|
277
|
0.79
|
0.35
|
0.03
|
0.04
|
S21W
|
Ag-Pb-Zn
|
ZKDB16S21W06
|
187.92
|
188.85
|
618
|
0.93
|
0.73
|
48
|
3.45
|
2.27
|
0.03
|
0.02
|
S21W
|
Ag-Pb-Zn
|
ZKDB18S21W02
|
124.44
|
125.34
|
650
|
0.90
|
0.69
|
61
|
0.19
|
3.23
|
0.13
|
0.03
|
S21Wa
|
Ag-Pb-Zn
|
ZKDB18S21W03
|
67.34
|
68.54
|
709
|
1.20
|
1.15
|
116
|
0.16
|
0.42
|
0.34
|
0.01
|
S21
|
Ag-Pb-Zn
|
ZKDB23S7_101
|
173.85
|
175.80
|
640
|
1.95
|
0.78
|
78
|
3.70
|
2.19
|
0.01
|
0.01
|
S19
|
Ag-Pb-Zn
|
ZKDB26AS1102
|
15.43
|
16.70
|
844
|
1.27
|
1.17
|
147
|
0.14
|
0.10
|
0.04
|
0.03
|
S10
|
Ag-Pb-Zn
|
ZKDB26AS11E001
|
64.73
|
65.88
|
801
|
1.15
|
0.77
|
36
|
2.45
|
0.26
|
3.87
|
0.07
|
S10
|
Au
|
ZKDB26AS11E001
|
383.80
|
386.02
|
535
|
2.22
|
0.73
|
11
|
0.37
|
0.13
|
2.25
|
0.01
|
S11E1
|
Au
|
ZKDB28S11002
|
155.26
|
156.02
|
732
|
0.76
|
0.61
|
227
|
0.07
|
0.27
|
0.03
|
0.04
|
S10E
|
Ag-Pb-Zn
|
ZKDB28S11002
|
158.95
|
160.31
|
730
|
1.36
|
1.09
|
107
|
0.16
|
0.04
|
0.64
|
0.01
|
S10E1
|
Ag-Pb-Zn
|
ZKDB28S11002
|
247.17
|
247.88
|
667
|
0.71
|
0.41
|
11
|
0.24
|
0.08
|
6.16
|
0.01
|
S11W
|
Au
|
ZKDB28S11E004
|
247.67
|
248.79
|
643
|
1.12
|
0.52
|
5
|
0.18
|
0.04
|
2.06
|
0.01
|
S11
|
Au
|
ZKDB32S16W601
|
16.23
|
17.28
|
551
|
1.05
|
0.79
|
7
|
0.02
|
0.05
|
1.77
|
0.00
|
S14Ea
|
Au
|
ZKDB34AS7_2E01
|
140.18
|
141.33
|
676
|
1.15
|
0.72
|
32
|
1.15
|
2.96
|
1.42
|
0.03
|
S74a
|
Au
|
ZKDB34AS7_2E01
|
247.45
|
248.73
|
588
|
1.28
|
1.11
|
9
|
0.51
|
0.59
|
4.12
|
0.01
|
S7_2E
|
Au
|
ZKDB34AS8001
|
107.51
|
108.61
|
699
|
1.10
|
0.69
|
8
|
0.22
|
0.33
|
4.97
|
0.01
|
S75
|
Au
|
ZKDB34AS8001
|
199.05
|
200.66
|
618
|
1.61
|
1.02
|
12
|
0.33
|
0.24
|
2.55
|
0.01
|
S74
|
Au
|
ZKDB34AS8001_1
|
113.03
|
113.58
|
692
|
0.55
|
0.33
|
0
|
0.05
|
0.07
|
2.24
|
0.01
|
S75
|
Au
|
ZKDB34AS8002
|
122.68
|
122.99
|
711
|
0.31
|
0.26
|
10
|
0.04
|
0.05
|
3.52
|
0.00
|
S7_2b
|
Au
|
ZKDB34AS8002
|
167.14
|
168.54
|
681
|
1.40
|
1.18
|
0
|
0.06
|
0.11
|
2.41
|
0.00
|
S74
|
Au
|
ZKDB34AS8004
|
228.14
|
229.73
|
612
|
1.59
|
1.24
|
4
|
0.24
|
0.26
|
2.25
|
0.00
|
S7_2E
|
Au
|
ZKDB34S7_201
|
206.10
|
206.86
|
638
|
0.76
|
0.58
|
6
|
0.14
|
0.08
|
1.93
|
0.01
|
S74
|
Au
|
ZKDB34S7_202
|
108.51
|
110.00
|
702
|
1.49
|
0.92
|
9
|
0.12
|
1.27
|
1.25
|
0.01
|
S75
|
Au
|
ZKDB34S7_202
|
229.90
|
230.87
|
602
|
0.97
|
0.68
|
11
|
0.46
|
0.43
|
2.89
|
0.01
|
S7_2E
|
Au
|
ZKDB36AS7_2001
|
369.84
|
371.57
|
438
|
1.73
|
0.59
|
8
|
0.30
|
0.47
|
1.52
|
0.01
|
S74
|
Au
|
ZKDB36AS8001
|
161.25
|
163.08
|
677
|
1.83
|
1.39
|
5
|
0.07
|
0.08
|
3.44
|
0.00
|
S74
|
Au
|
ZKDB36S8_101
|
98.96
|
99.32
|
723
|
0.36
|
0.29
|
5
|
0.27
|
0.16
|
4.91
|
0.01
|
S75
|
Au
|
ZKDB72S16W01
|
291.40
|
292.69
|
442
|
1.29
|
0.79
|
90
|
11.57
|
0.40
|
0.01
|
0.01
|
S16E8
|
Ag-Pb-Zn
|
ZKDB72S16W01
|
301.76
|
303.01
|
433
|
1.25
|
0.77
|
92
|
5.13
|
1.02
|
0.10
|
0.03
|
S16W
|
Ag-Pb-Zn
|
ZKDB72S16W02
|
186.22
|
186.70
|
534
|
0.48
|
0.32
|
1,048
|
0.50
|
1.67
|
24.45
|
0.02
|
S74
|
Au
|
ZKDB72S16W02
|
282.25
|
283.06
|
441
|
0.81
|
0.51
|
112
|
0.74
|
1.97
|
0.13
|
0.03
|
S16E
|
Ag-Pb-Zn
|
ZKDB79S3203
|
66.75
|
69.89
|
774
|
3.14
|
1.71
|
113
|
0.85
|
0.79
|
0.01
|
0.06
|
S32
|
Ag-Pb-Zn
|
ZKDB8AS2102
|
158.49
|
160.57
|
678
|
2.08
|
1.40
|
169
|
1.18
|
0.39
|
0.04
|
0.02
|
S21
|
Ag-Pb-Zn
|
ZKDB8AS2102
|
261.93
|
264.61
|
587
|
2.68
|
1.61
|
770
|
2.13
|
0.49
|
0.13
|
0.03
|
S16E2
|
Ag-Pb-Zn
|
incl.
|
261.93
|
263.50
|
587
|
1.57
|
0.94
|
1,249
|
3.60
|
0.80
|
0.20
|
0.05
|
S16E2
|
Ag-Pb-Zn
|
ZKDB8S2103
|
97.08
|
98.72
|
750
|
1.64
|
1.29
|
37
|
1.79
|
1.68
|
0.07
|
0.02
|
S21
|
Ag-Pb-Zn
|
ZKDB8S2104
|
126.31
|
127.32
|
715
|
1.01
|
0.70
|
178
|
0.89
|
7.65
|
0.04
|
0.07
|
S21
|
Ag-Pb-Zn
|
ZKDB97S3201
|
105.80
|
106.20
|
727
|
0.40
|
0.31
|
120
|
4.01
|
7.60
|
0.01
|
0.01
|
S32
|
Ag-Pb-Zn
|
ZKDBS233A01
|
260.66
|
261.79
|
642
|
1.13
|
1.10
|
273
|
1.39
|
0.31
|
0.05
|
0.05
|
S23
|
Ag-Pb-Zn
|
Tunneling Programs at the SGX Mine
In addition to the drilling program, 11,958 m of exploration drift tunneling were
developed at the SGX 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. The results of the exploration
tunneling are summarized in the following table.
Major Target
Veins
|
Elevation
(m)
|
Total
Tunneling
(m)
|
Channel
Samples
Collected
|
Drift
Included
(m)
|
Total
Mineralization Exposed by Drifts [1]
|
Length
(m)
|
True
Width
(m)
|
Ag
(g/t)
|
Pb
(%)
|
Zn
(%)
|
S1W2, S1W3, S1W5, S2,
S2W, S2W2, S6,
S7, S7_1, S7_2, S8, S8E, S14, S14_1,
S14_2, S18E, S19, S32, S33, S37W
|
100-640
|
23,574
|
8,577
|
11,958
|
4,139
|
0.61
|
400
|
5.83
|
3.01
|
[1] Mineralization is
defined by silver equivalent value (AgEq) greater than or equal to
145 g/t at the SGX mine.
|
(Formula used
for AgEq calculation: AgEq = Ag g/t + 35.63 * (Pb% + Cu%) + 22.45 *
Zn% + 79.63 * Au g/t)
|
Highlights of selected mineralized zones exposed in the drift
tunnels:
- Drift Tunnel XPD-S37W-520-3ASYM exposed mineralization
30 m long and 1.02 m wide (true width) grading 961 g/t Ag,
19.71% Pb and 5.13% Zn within vein S37W at the 520 m level;
- Drift Tunnel CM105-S2SJ-S2-140-16CL exposed
mineralization 55 m long and
0.82 m wide (true width) grading
1,271 g/t Ag, 10.54% Pb and 1.19% Zn within vein S2 at the
140 m level;
- Drift Tunnel CM105-S2SJ-S2W2-100-12ANYM exposed
mineralization 45 m long and
0.99 m wide (true width) grading 732
g/t Ag, 11.63% Pb and 3.03% Zn within vein S2W2 at the 100 m level;
- Drift Tunnel CM105-S2SJ-S1W5-220-12ANYM exposed
mineralization 25 m long and
0.79 m wide (true width) grading
1,290 g/t Ag, 3.85% Pb and 10.53% Zn within vein S1W5 at the
220 m level;
- Drift Tunnel CM105-S2SJ-S1W5-180-12ANYM exposed
mineralization 25 m long and
0.75 m wide (true width) grading
1,147 g/t Ag, 7.43% Pb and 9.96% Zn within vein S1W5 at the
180 m level; and
- Drift Tunnel PD16-S6-110-4ANYM exposed mineralization
100 m long and 0.89 m wide (true width) grading 673 g/t Ag,
8.20% Pb and 2.12% Zn within vein S6 at the 110 m level.
Table 2: Selected mineralized zones exposed by drift
tunneling at the SGX mine
Tunnel
ID
|
Vein
|
Elevation
(m)
|
Ore Length
(m)
|
True Width
(m)
|
Ag
(g/t)
|
Pb
(%)
|
Zn
(%)
|
Au
(g/t)
|
Cu
(%)
|
CM105-S2SJ-S1W2-220-12ANYM
|
S1W2
|
220
|
60
|
0.39
|
382
|
6.67
|
1.11
|
0.05
|
0.01
|
CM105-S2SJ-S1W2-220-12ASYM
|
S1W3
|
220
|
35
|
0.36
|
191
|
3.65
|
3.74
|
0.00
|
0.00
|
CM105-S2SJ-S1W2-180-12ANYM
|
S1W3
|
180
|
29
|
0.41
|
63
|
2.08
|
3.41
|
0.00
|
0.00
|
CM105-S2SJ-S1W2-180-12ASYM
|
S1W3
|
180
|
15
|
0.28
|
298
|
8.67
|
7.01
|
0.00
|
0.00
|
CM105-S2SJ-S1W3-140-12SYM
|
S1W3
|
140
|
20
|
0.38
|
286
|
9.15
|
6.45
|
0.00
|
0.00
|
CM105-S2SJ-S1W3-140-12NYM
|
S1W3
|
140
|
14
|
0.36
|
1,634
|
18.79
|
7.74
|
0.00
|
0.00
|
CM105-S2SJ-S1W5-260-12ANYM
|
S1W5
|
260
|
40
|
0.50
|
950
|
4.46
|
10.29
|
0.00
|
0.00
|
CM105-S2SJ-S1W5-220-12ANYM
|
S1W5
|
220
|
25
|
0.79
|
1,290
|
3.85
|
10.53
|
0.02
|
0.25
|
CM105-S2SJ-S1W5-220-12ASYM
|
S1W5
|
220
|
20
|
0.71
|
631
|
2.65
|
6.30
|
0.02
|
0.11
|
CM105-S2SJ-S1W5-180-12ASYM
|
S1W5
|
180
|
30
|
0.67
|
1,049
|
3.09
|
4.26
|
0.00
|
0.00
|
CM105-S2SJ-S1W5-180-12ANYM
|
S1W5
|
180
|
25
|
0.75
|
1,147
|
7.43
|
9.96
|
0.00
|
0.00
|
CM105-S2SJ-S2W-140-12ASYM
|
S2
|
140
|
15
|
1.11
|
160
|
3.53
|
0.60
|
0.00
|
0.00
|
CM105-S2SJ-S2-140-16CL
|
S2
|
140
|
55
|
0.82
|
1,271
|
10.54
|
1.19
|
0.00
|
0.00
|
CM105-S2SJ-S2-100-12ASYM
|
S2
|
100
|
35
|
0.65
|
143
|
2.59
|
0.64
|
0.00
|
0.00
|
CM105-S2SJ-S2W-100-12ANYM
|
S2
|
100
|
55
|
0.82
|
368
|
4.81
|
1.27
|
0.00
|
0.01
|
CM105-S2SJ-S2W-260-S2CL
|
S2W
|
260
|
30
|
0.82
|
488
|
8.96
|
2.26
|
0.00
|
0.00
|
CM105-S2SJ-S2W-140-12ASYM
|
S2W
|
140
|
100
|
0.71
|
973
|
4.77
|
3.58
|
0.00
|
0.00
|
CM105-S2SJ-S2W-100-12ANYM
|
S2W
|
100
|
50
|
0.47
|
209
|
2.43
|
2.15
|
0.02
|
0.05
|
CM105-S2SJ-S2W-100-12ASYM
|
S2W
|
100
|
75
|
0.44
|
553
|
6.86
|
4.32
|
0.01
|
0.02
|
CM105-S2SJ-S2W2-100-12ANYM
|
S2W2
|
100
|
45
|
0.99
|
732
|
11.63
|
3.03
|
0.02
|
0.23
|
CM105-S2SJ-S2W2-100-12ASYM
|
S2W2
|
100
|
45
|
0.85
|
562
|
10.59
|
0.72
|
0.05
|
0.45
|
PD16-S6-110-4ANYM
|
S6
|
110
|
100
|
0.89
|
673
|
8.20
|
2.12
|
0.04
|
0.11
|
PD16-S6-110-4ASYM
|
S6
|
110
|
45
|
0.66
|
430
|
8.83
|
2.31
|
0.00
|
0.00
|
PD16-S6E1-350-6SYM
|
S6E1
|
350
|
115
|
0.50
|
683
|
4.62
|
4.80
|
0.00
|
0.00
|
PD16-S6E1-110-4ANYM
|
S6E1
|
110
|
25
|
0.27
|
556
|
10.22
|
10.52
|
0.00
|
0.00
|
CM105-S7-350-14CL
|
S7
|
360
|
45
|
0.48
|
303
|
6.17
|
0.59
|
0.00
|
0.00
|
CM105-S7-210-12CL
|
S7
|
210
|
83
|
1.25
|
192
|
7.38
|
1.06
|
0.00
|
0.00
|
XPD-S7-1-300-S3CL
|
S7_1
|
320
|
122
|
0.74
|
295
|
8.32
|
9.31
|
0.00
|
0.00
|
XPD-S7_1-110-5NYM
|
S7_1
|
110
|
50
|
0.84
|
54
|
1.83
|
5.21
|
0.00
|
0.00
|
XPD-S7_1-300-13ASYM
|
S7_1E
|
300
|
25
|
0.31
|
246
|
16.36
|
0.70
|
0.00
|
0.00
|
CM105-S7W-400-12SYM
|
S7_2
|
400
|
15
|
0.70
|
376
|
5.33
|
0.48
|
0.00
|
0.00
|
CM101-S7_2-160-2ASYM
|
S7_2
|
160
|
75
|
0.78
|
244
|
5.20
|
9.45
|
0.00
|
0.06
|
CM101-S7_2-110-2ANYM
|
S7_2
|
110
|
10
|
0.49
|
1,088
|
18.95
|
0.13
|
0.00
|
0.00
|
CM101-S7_2-110-2ANYM
|
S7_2
|
110
|
35
|
0.48
|
210
|
5.87
|
0.48
|
0.00
|
0.00
|
CM101-S7_2-110-2ASYM
|
S7_2
|
110
|
65
|
0.53
|
248
|
7.17
|
0.65
|
0.00
|
0.00
|
XPD-S7_3-300-15ANYM
|
S7_3a
|
300
|
15
|
0.46
|
158
|
0.51
|
1.89
|
0.00
|
0.00
|
CM105-S7a-400-54SYM
|
S7a
|
400
|
15
|
0.49
|
341
|
1.83
|
0.65
|
0.00
|
0.00
|
PD700-S8-640-19ASYM
|
S8
|
640
|
10
|
0.49
|
83
|
5.31
|
1.19
|
0.00
|
0.00
|
XPD-S8E-160-13ANYM
|
S8
|
160
|
37
|
0.70
|
599
|
8.22
|
0.36
|
0.00
|
0.00
|
PD700-S8E-610-19ASYM
|
S8E
|
610
|
15
|
0.47
|
269
|
13.58
|
0.67
|
0.00
|
0.00
|
XPD-S8E-260-7ASYM
|
S8E
|
260
|
70
|
0.59
|
360
|
2.87
|
2.06
|
0.00
|
0.00
|
XPD-S8E-210-15NYM
|
S8E
|
210
|
25
|
0.48
|
732
|
4.92
|
0.44
|
0.00
|
0.00
|
XPD-S8E-210-15SYM
|
S8E
|
210
|
55
|
0.69
|
375
|
5.16
|
0.61
|
0.00
|
0.02
|
XPD-S8E-160-13ANYM
|
S8E
|
160
|
44
|
0.49
|
269
|
4.94
|
0.36
|
0.00
|
0.00
|
CM101-S8W1-160-4ANYM
|
S8W
|
160
|
30
|
0.68
|
462
|
3.79
|
1.69
|
0.00
|
0.00
|
PD16-S14-210-2ANCL
|
S14
|
240
|
30
|
0.39
|
256
|
2.82
|
2.60
|
0.00
|
0.00
|
PD16-S14-210-2ASCL
|
S14
|
240
|
50
|
0.45
|
1,517
|
12.50
|
1.76
|
0.00
|
0.00
|
PD16-S14-110-8NCL
|
S14
|
140
|
40
|
0.67
|
538
|
11.95
|
1.87
|
0.00
|
0.00
|
PD16-S14-110-8SCL
|
S14
|
140
|
30
|
0.75
|
474
|
11.17
|
2.37
|
0.00
|
0.00
|
PD16-S14-110-4ANYM
|
S14
|
110
|
20
|
0.85
|
250
|
2.99
|
2.72
|
0.00
|
0.00
|
PD16-S14-110-4ASYM
|
S14
|
110
|
75
|
0.25
|
237
|
2.52
|
6.60
|
0.00
|
0.08
|
PD16-S14_1-260-8SYM
|
S14_1
|
260
|
45
|
0.56
|
315
|
6.76
|
2.05
|
0.00
|
0.00
|
PD16-S14_2-350-6NYM
|
S14_2
|
350
|
28
|
0.53
|
314
|
7.09
|
6.16
|
0.00
|
0.00
|
PD16-S14W-160-NYM
|
S14W
|
160
|
15
|
0.53
|
155
|
7.25
|
2.27
|
0.00
|
0.00
|
PD16-S14W-110-10NYM
|
S14W
|
110
|
25
|
0.42
|
153
|
1.09
|
2.16
|
0.00
|
0.00
|
YPD01-S16E-585-52SYM
|
S16E
|
585
|
10
|
0.44
|
496
|
8.17
|
3.18
|
0.00
|
0.00
|
CM101-S16E-450-60NYM
|
S16E
|
450
|
60
|
0.56
|
782
|
10.99
|
0.91
|
0.00
|
0.00
|
CM101-S16E2-450-60NYM
|
S16E
|
450
|
25
|
0.39
|
448
|
3.48
|
0.64
|
0.00
|
0.00
|
CM105-S16E2-300-14SYM
|
S16E
|
300
|
14
|
0.39
|
246
|
6.95
|
0.17
|
0.00
|
0.00
|
CM105-S16W-350-SYM
|
S16W
|
350
|
30
|
1.07
|
65
|
0.34
|
0.26
|
4.37
|
0.01
|
CM105-S16W-325-3CL
|
S16W
|
325
|
20
|
0.55
|
285
|
1.52
|
4.41
|
0.00
|
0.00
|
CM105-S16W-300-62CL
|
S16W
|
310
|
20
|
1.28
|
306
|
0.89
|
0.99
|
5.52
|
0.03
|
CM105-S16W-260-64NYM
|
S16W
|
260
|
45
|
0.72
|
106
|
1.29
|
3.09
|
0.16
|
0.08
|
CM105-S16W-210-70NYM
|
S16W
|
210
|
30
|
1.46
|
70
|
2.94
|
1.55
|
0.00
|
0.00
|
CM105-S18E-400-6ASYM
|
S18E
|
400
|
25
|
0.42
|
63
|
0.11
|
0.12
|
3.16
|
0.00
|
CM105-S18E-400-8ASYM
|
S18E
|
400
|
39
|
0.45
|
109
|
0.12
|
0.11
|
5.05
|
0.09
|
PD700-S19-610-13ASYM
|
S19
|
610
|
45
|
0.65
|
284
|
7.00
|
3.91
|
0.00
|
0.00
|
PD700-S19-570-13TJCL
|
S19
|
580
|
35
|
0.77
|
44
|
0.39
|
9.04
|
0.00
|
0.00
|
PD700-S19-400-13ASYM
|
S19
|
400
|
35
|
0.50
|
116
|
5.00
|
4.09
|
0.00
|
0.00
|
PD700-S19-400-15SYM
|
S19
|
400
|
115
|
0.63
|
431
|
5.04
|
6.16
|
0.00
|
0.00
|
CM101-S19-350-9ASYM
|
S19
|
350
|
40
|
0.63
|
291
|
5.65
|
2.56
|
0.00
|
0.00
|
CM101-S19-350-5NYM
|
S19
|
350
|
65
|
0.77
|
125
|
3.15
|
2.34
|
0.00
|
0.00
|
XPD-S19-300-9ASYM
|
S19
|
300
|
25
|
0.37
|
239
|
12.04
|
0.38
|
0.00
|
0.00
|
XPD-S19-300-S3CL
|
S19
|
300
|
28
|
0.64
|
182
|
7.92
|
5.23
|
0.00
|
0.00
|
XPD-S19-210-13ANYM
|
S19
|
210
|
60
|
0.87
|
137
|
4.74
|
0.79
|
0.00
|
0.00
|
CM105-S19-160-10SYM
|
S19
|
160
|
170
|
0.70
|
124
|
8.83
|
0.23
|
0.00
|
0.00
|
XPD-S19-160-13ASYM
|
S19
|
160
|
60
|
0.66
|
92
|
2.35
|
2.37
|
0.00
|
0.00
|
XPD-S19-110-5NYM
|
S19
|
110
|
45
|
0.43
|
39
|
2.77
|
4.67
|
0.00
|
0.00
|
XPD-S19-110-5SYM
|
S19
|
110
|
25
|
0.72
|
193
|
2.12
|
2.54
|
0.00
|
0.30
|
PD700-S19a-610-15ASYM
|
S19a
|
610
|
15
|
0.63
|
186
|
6.20
|
1.66
|
0.00
|
0.00
|
CM105-S21-490-16NYM
|
S21
|
490
|
58
|
0.68
|
230
|
5.47
|
1.14
|
0.00
|
0.00
|
CM105-S21-160-16NYM
|
S21
|
160
|
15
|
0.72
|
8
|
0.22
|
0.17
|
2.60
|
0.00
|
CM105-S21-490-14NYM
|
S21W
|
490
|
15
|
0.57
|
405
|
12.16
|
4.11
|
0.00
|
0.00
|
CM105-S21W1-330-2LK
|
S21W1
|
330
|
63
|
0.73
|
780
|
15.27
|
1.19
|
0.00
|
0.00
|
PD16-S31-160-4ASYM
|
S31
|
160
|
50
|
0.65
|
869
|
3.88
|
5.30
|
0.00
|
0.00
|
PD16-S31E-210-66NYM
|
S31E
|
210
|
25
|
0.69
|
497
|
5.82
|
4.33
|
0.00
|
0.00
|
PD16-S31E-110-68NYM
|
S31E
|
110
|
45
|
0.72
|
832
|
13.77
|
1.90
|
0.00
|
0.00
|
CM101-S32-640-75SYM
|
S32
|
640
|
65
|
0.71
|
659
|
2.26
|
3.95
|
0.03
|
0.68
|
CM102-S32-480-69TJLK
|
S32
|
495
|
60
|
0.92
|
64
|
1.97
|
8.08
|
0.00
|
0.00
|
CM101-S32-300-59SYM
|
S32
|
300
|
15
|
0.46
|
66
|
0.78
|
7.38
|
0.00
|
0.00
|
PD16-S35E-350-8NYM
|
S35E
|
350
|
15
|
0.29
|
368
|
2.55
|
1.25
|
0.97
|
0.03
|
PD16-S37-260-58NMW
|
S37
|
260
|
27
|
0.32
|
149
|
3.83
|
6.30
|
0.00
|
0.00
|
XPD-S37W-520-3ANYM
|
S37W
|
520
|
18
|
0.45
|
237
|
5.63
|
3.04
|
0.00
|
0.00
|
XPD-S37W-520-3ASYM
|
S37W
|
520
|
30
|
1.02
|
961
|
19.71
|
5.13
|
0.00
|
0.00
|
CM105-S2SJ-S39-300-8ANYM
|
S39
|
300
|
20
|
0.23
|
248
|
2.56
|
4.28
|
0.00
|
0.00
|
CM105-S2SJ-S1W5-260-12ASYM
|
S39
|
260
|
90
|
0.39
|
504
|
8.60
|
7.63
|
0.00
|
0.00
|
CM105-S2SJ-S39-260-12SYM
|
S39a
|
260
|
40
|
0.30
|
277
|
5.91
|
2.15
|
0.00
|
0.00
|
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 SGS in
Tianjin, China. All the three labs
are ISO9000 certified analytical labs. For analysis,
the sample is dried and crushed to minus 1 mm and then
split to 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 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 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, 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, risks relating to: social and
economic impacts of COVID-19; 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 for the year ended March 31, 2021 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