Trading
Symbol
|
TSX:
SVM
|
|
NYSE American:
SVM
|
VANCOUVER, BC, Jan. 27, 2022 /PRNewswire/ - Silvercorp
Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE
American: SVM) is pleased to report additional high-grade
intercepts from its 2021 exploration program at the TLP mine.
Extensive exploration drilling and tunneling are ongoing at the TLP
mine and all other mines in the Ying Mining District, Henan Province, China.
From June 1 to December 31, 2021,
43,573 metres ("m") from a total of 276 diamond drill holes,
including 218 underground holes and 58 surface holes, were
completed at the TLP mine. Assay results for 270 holes have been
received, with 202 holes intercepting mineralization. The Company
also received assay results for 35 holes pending from the previous
drilling program at the TLP mine from October 1, 2020 to May 31,
2021 disclosed in the Company's news release dated
June 1, 2021. Currently, there are 13
rigs drilling at the TLP mine.
The strategy of the drilling program is fourfold: 1) drill above
or beneath the stopes that were previously mined but stopped due to
more variation in grades, thickness and attitudes of the vein
structures than previously modeled to easily obtain ore; 2) drill
for high-grade silver-lead-zinc veins within the resource area; 3)
drill for silver-lead-zinc veins in the resource area at higher
elevations near the surface where there are limited drill holes
from previous drilling programs; and 4) drill for high-grade
silver-lead-zinc veins at the northwest side of the resource area
to expand the resources.
Drilling Above or Beneath Previously Mined Stopes
Most holes drilled during the period targeted blocks of known
silver-lead-zinc veins in production areas that were previously
missed due to limited drilling or tunneling, changes in the strikes
and dips, and/or pinch-swelling of the pay-zones in the veins. The
high-grade intercepts are mainly associated with the
southwest-striking T15 series, T16 series, T17W, T11, T20, T21,
T30, T3 series, T4 series, T5 series, T1, and T2, and the
north-northwest-striking T14 series, T22, T28, and T31 series.
Drilling discovered additional splay and parallel vein structures
T16E3, T4E, T4W, T5E2, and T5a. This drilling has resulted in a
significant amount of upgraded resources for near-term mine
planning and production. Since access tunnels are already in
place, the upgraded high-grade resource blocks can quickly be
converted to reserves and mined.
Highlights of the high-grade intercepts at the TLP mine:
- Underground hole ZKG0712 intersected a
1.36 m interval (1.03 m true width) of vein T11 grading 2,042
grams per tonne ("g/t") silver ("Ag"), 36.86% lead ("Pb"), 6.73%
zinc ("Zn"), 0.43 g/t gold ("Au"), and 0.83% copper ("Cu") from
211.32 m depth, at an elevation of
632 m;
- Underground hole ZKG4T1601 intersected a 4.03 m interval (2.27
m true width) of vein T16 grading 1,003 g/t Ag, 8.93% Pb,
0.83% Zn, 0.16 g/t Au, and 0.10% Cu from 79.56 m depth, at an elevation of 762 m;
- Underground hole ZKG0305 intersected a 1.11 m interval (1.11
m true width) of vein T15W grading 1,597 g/t Ag, 14.71% Pb,
0.39% Zn, 0.08 g/t Au, and 0.41% Cu from 44.89 m depth, at an elevation of 782 m;
- Underground hole ZKT0210 intersected a 3.59 m interval (3.57
m true width) of vein T3 grading 581 g/t Ag, 8.83% Pb, 0.63%
Zn, 0.05 g/t Au, and 0.05% Cu from 250.35
m depth, at an elevation of 787
m; and
- Underground hole ZKG0832 intersected a 1.40 m interval (0.95
m true width) of vein T15W grading 994 g/t Ag, 29.33% Pb,
0.77% Zn, 0.05 g/t Au, and 0.11% Cu from 70.64 m depth, at an elevation of 810 m.
Drilling Silver-Lead-Zinc Veins within the Resource Area
Intersected Unexpected High-Grade Gold Veins
Drilling intersected two types of gold mineralization in
gold-silver-lead-zinc veins and gold veins, respectively. The
former is thought to be formed by gold mineralization in the vein
structures which was then overprinted by silver-lead-zinc
mineralization with quartz-sericite alteration. Most of this type
of gold mineralization occurs at elevations between 700 m and 760 m.
The latter mineralization is predominantly composed of gold with no
or low silver-lead-zinc mineralization in shear structures
associated with quartz-ankerite alteration at higher elevations
above 830 m.
Highlights of the high-grade gold and gold-silver-lead-zinc
intercepts within the TLP resource area:
- Surface hole ZKTDB3504 intersected a 1.46 m interval (true width unknown) of an
unknown gold vein grading 8 g/t Ag, 0.02% Pb, 0.02% Zn, 13.96 g/t
Au, and 0.01% Cu from 91.12 m depth,
at an elevation of 909 m;
- Underground hole ZKT0016 intersected a 1.01 m interval (0.79
m true width) of gold vein T1W grading 12 g/t Ag, 0.12% Pb,
0.02% Zn, 13.91 g/t Au, and 0.01% Cu from 95.26 m depth, at an elevation of 861 m;
- Underground hole ZKT1124 intersected a 2.04 m interval (1.70
m true width) of vein T2 grading 281 g/t Ag, 3.32% Pb, 0.52%
Zn, 6.83 g/t Au, and 0.59% Cu from 56.78
m depth, at an elevation of 749
m; and
- Underground hole ZKT1351 intersected a 1.31 m interval (0.88
m true width) of vein T1W1 grading 7 g/t Ag, 0.02% Pb, 0.03%
Zn, 6.09 g/t Au, and 0.01% Cu from 97.95
m depth, at an elevation of 836
m.
Near Surface Silver-Lead-Zinc Veins Intersected by Surface
and Underground Drilling within the TLP Resource Area
Surface and underground diamond drilling tested certain blocks
near the surface in the central and northeast parts of the TLP
resource area, and intersected high-grade silver-lead-zinc veins
T1, T2, T3 series, T4, T5, and T20. The surface holes also
intersected thick mineralization in T2 and T3. Surface hole
ZKTDB0605, for instance, intersected vein T3 with a true width of
7.44 m. The purpose of this drilling
is to extend the resources to higher elevations within the current
resource area. The aforementioned drilling also discovered T5E2, a
splay and parallel vein to T5.
Highlights of the high-grade/thick silver-lead-zinc intercepts
near surface at the TLP mine:
- Surface hole ZKTDB2001 intersected a 0.87 m interval (0.82
m true width) of vein T3 grading 2,871 g/t Ag, 2.47% Pb,
0.79% Zn, 0.05 g/t Au, and 1.63% Cu from 157.40 m depth, at an elevation of 1,027 m;
- Surface hole ZKTDB0608 intersected a 3.38 m interval (1.42
m true width) of vein T2W2 grading 1,052 g/t Ag, 4.38% Pb,
0.14% Zn, 0.05 g/t Au, and 0.10% Cu from 164.11 m depth, at an elevation of 1,075 m;
- Surface hole ZKTDB0605 intersected a 9.45 m interval (7.44
m true width) of vein T3 grading 168 g/t Ag, 1.41% Pb, 0.18%
Zn, 0.05 g/t Au, and 0.02% Cu from 25.96
m depth, at an elevation of 1,144
m;
- Surface hole ZKTDB0601 intersected a 7.23 m interval (6.81
m true width) of vein T2 grading 133 g/t Ag, 2.63% Pb, 0.11%
Zn, 0.02 g/t Au, and 0.01% Cu from 19.16
m depth, at an elevation of 1,151
m; and
- Underground hole ZKT0442 intersected a 29.93 m interval (24.51
m true width) of vein T1W1 grading 104 g/t Ag, 1.35% Pb,
0.27% Zn, 0.05 g/t Au, and 0.02% Cu from 26.72 m depth, at an elevation of 862 m.
Drilling Intersected High-Grade Silver-Lead-Zinc Veins at the
Northwest Side of the Resource Area
At the northwest side of the resource area, drilling intersected
high-grade silver-lead-zinc vein T33, and its parallel vein T33W3.
This drilling is to support the Company's strategy to expand the
resources laterally.
Table 1: Assay results for 146 drill holes from the TLP
mine
Hold
ID
|
From
(m)
|
To
(m)
|
Elevation
(m)
|
Interval
(m)
|
True
Width
(m)
|
Ag
(g/t)
|
Pb
(%)
|
Zn
(%)
|
Au
(g/t)
|
Cu
(%)
|
Vein
|
ZKG0129
|
66.86
|
67.74
|
925
|
0.88
|
0.87
|
405
|
2.12
|
1.84
|
0.03
|
0.03
|
T16E
|
ZKG0302
|
85.58
|
88.70
|
730
|
3.12
|
2.30
|
235
|
2.34
|
0.28
|
0.08
|
0.04
|
T11
|
ZKG0303
|
62.11
|
62.89
|
779
|
0.78
|
0.72
|
190
|
0.49
|
0.08
|
0.12
|
0.02
|
T11
|
ZKG0305
|
44.89
|
46.00
|
782
|
1.11
|
1.11
|
1,597
|
14.71
|
0.39
|
0.08
|
0.41
|
T15W
|
ZKG0316
|
100.52
|
102.76
|
710
|
2.24
|
1.78
|
337
|
4.06
|
1.29
|
0.27
|
0.11
|
T11
|
ZKG0316
|
112.42
|
113.05
|
699
|
0.63
|
0.47
|
486
|
0.54
|
0.09
|
0.53
|
0.03
|
T11E1
|
ZKG0316
|
112.42
|
113.05
|
699
|
0.63
|
0.47
|
486
|
0.54
|
0.09
|
0.53
|
0.03
|
T11E1
|
ZKG0317
|
62.54
|
64.03
|
752
|
1.49
|
1.37
|
164
|
1.74
|
0.26
|
0.05
|
0.05
|
T15W
|
ZKG0334
|
173.55
|
174.22
|
629
|
0.67
|
0.66
|
1,608
|
8.25
|
1.41
|
0.11
|
0.08
|
T16
|
ZKG0335
|
248.22
|
249.14
|
619
|
0.92
|
0.70
|
240
|
15.94
|
1.12
|
0.04
|
0.16
|
T15W
|
ZKG0337
|
285.40
|
286.16
|
563
|
0.76
|
0.62
|
75
|
5.92
|
0.14
|
0.02
|
0.14
|
T14E
|
ZKG0339
|
40.05
|
41.35
|
623
|
1.30
|
1.09
|
444
|
0.16
|
0.09
|
0.37
|
0.01
|
T17W
|
ZKG0341
|
34.57
|
35.21
|
629
|
0.64
|
0.56
|
154
|
0.45
|
0.26
|
0.03
|
0.02
|
T17W
|
ZKG0341
|
110.44
|
111.18
|
582
|
0.74
|
0.62
|
81
|
1.87
|
0.12
|
0.27
|
0.04
|
T14
|
ZKG0342
|
41.58
|
42.10
|
624
|
0.52
|
0.42
|
2,369
|
2.54
|
1.36
|
3.37
|
0.09
|
T17W
|
ZKG0346
|
80.47
|
81.58
|
610
|
1.11
|
0.96
|
51
|
2.12
|
0.14
|
0.05
|
0.05
|
T15W4
|
ZKG0702
|
202.87
|
203.58
|
635
|
0.71
|
0.66
|
130
|
8.39
|
0.94
|
0.53
|
0.18
|
T11
|
ZKG0703
|
18.03
|
19.54
|
780
|
1.51
|
1.50
|
216
|
2.08
|
0.73
|
0.07
|
0.02
|
T16
|
ZKG0706
|
164.75
|
165.27
|
680
|
0.52
|
0.50
|
126
|
2.90
|
0.44
|
0.10
|
0.06
|
T14E
|
ZKG0712
|
211.32
|
212.68
|
632
|
1.36
|
1.03
|
2,042
|
36.86
|
6.73
|
0.43
|
0.83
|
T11
|
ZKG0813
|
49.46
|
50.76
|
789
|
1.30
|
1.00
|
240
|
1.38
|
0.58
|
0.05
|
0.08
|
T11
|
ZKG0715
|
170.81
|
171.47
|
723
|
0.66
|
0.53
|
641
|
1.51
|
0.97
|
0.72
|
0.10
|
T11
|
ZKG0814
|
35.87
|
37.12
|
791
|
1.25
|
1.14
|
154
|
1.86
|
0.20
|
0.05
|
0.03
|
T15
|
ZKG0814
|
52.19
|
52.89
|
787
|
0.70
|
0.65
|
187
|
0.09
|
0.05
|
0.05
|
0.02
|
T11
|
ZKG0828
|
112.88
|
113.49
|
956
|
0.61
|
0.33
|
934
|
7.81
|
0.82
|
0.02
|
0.33
|
T4
|
ZKG0830
|
86.63
|
88.33
|
956
|
1.70
|
1.18
|
328
|
1.89
|
0.06
|
0.05
|
0.07
|
T5
|
ZKG0832
|
70.64
|
72.04
|
810
|
1.40
|
0.95
|
994
|
29.33
|
0.77
|
0.05
|
0.11
|
T15W
|
ZKG0833
|
13.79
|
14.72
|
827
|
0.93
|
0.72
|
40
|
3.24
|
0.71
|
0.03
|
0.01
|
T11
|
ZKG0833
|
78.14
|
79.18
|
812
|
1.04
|
0.75
|
695
|
10.91
|
1.09
|
0.03
|
0.12
|
T15W3
|
ZKG0841
|
24.32
|
24.86
|
830
|
0.54
|
0.54
|
308
|
1.59
|
0.44
|
0.05
|
0.01
|
T16E3
[1]
|
ZKG0841
|
88.09
|
88.63
|
807
|
0.54
|
0.54
|
100
|
2.38
|
0.34
|
0.05
|
0.01
|
T14E
|
ZKG0843
|
44.97
|
49.65
|
823
|
4.68
|
4.67
|
264
|
3.34
|
0.16
|
0.05
|
0.05
|
T16E2
|
ZKG0843
|
53.68
|
54.63
|
820
|
0.95
|
0.93
|
118
|
0.74
|
0.08
|
0.05
|
0.02
|
T15W1
|
ZKG0843
|
83.02
|
83.97
|
809
|
0.95
|
0.94
|
151
|
0.78
|
0.30
|
0.05
|
0.02
|
T14E
|
ZKG0845
|
47.95
|
48.49
|
825
|
0.54
|
0.53
|
591
|
1.10
|
0.48
|
0.02
|
0.06
|
T15W1
|
ZKG0943
|
167.89
|
169.91
|
681
|
2.02
|
0.41
|
244
|
8.54
|
0.64
|
0.32
|
0.09
|
T14E
|
ZKG0944
|
172.45
|
173.04
|
680
|
0.59
|
0.56
|
87
|
10.48
|
1.17
|
0.12
|
0.05
|
T14E
|
ZKG1017
|
3.46
|
4.54
|
955
|
1.08
|
0.68
|
331
|
0.51
|
0.35
|
0.05
|
0.05
|
T16E
|
ZKG1018
|
7.71
|
8.67
|
955
|
0.96
|
0.96
|
660
|
1.24
|
0.32
|
0.05
|
0.05
|
T16E
|
ZKG1018
|
57.29
|
57.91
|
946
|
0.62
|
0.61
|
171
|
1.63
|
0.20
|
0.05
|
0.04
|
T16
|
ZKG1019
|
18.36
|
19.06
|
954
|
0.70
|
0.56
|
2,744
|
4.50
|
0.95
|
0.03
|
0.27
|
T16E
|
ZKG1020
|
1.86
|
2.45
|
955
|
0.59
|
0.53
|
233
|
0.50
|
0.63
|
0.02
|
0.05
|
T16E1
|
ZKG1020
|
86.85
|
88.58
|
915
|
1.73
|
1.64
|
133
|
1.43
|
0.23
|
0.02
|
0.04
|
T15W
|
ZKG1021
|
2.49
|
3.18
|
954
|
0.69
|
0.67
|
841
|
4.07
|
1.70
|
0.03
|
0.14
|
T16E1
|
ZKG1021
|
82.88
|
83.53
|
915
|
0.65
|
0.65
|
659
|
6.69
|
0.42
|
0.03
|
0.04
|
T15W3
|
ZKG1416
|
78.17
|
79.37
|
914
|
1.20
|
0.96
|
65
|
1.77
|
0.23
|
0.05
|
0.02
|
T15W
|
ZKG1417
|
75.43
|
76.89
|
930
|
1.46
|
1.12
|
459
|
0.66
|
0.08
|
0.14
|
0.13
|
T15W
|
ZKG1417
|
141.45
|
142.13
|
906
|
0.68
|
0.51
|
172
|
1.12
|
0.62
|
0.05
|
0.01
|
T11E
|
ZKG1425
|
116.03
|
117.06
|
948
|
1.03
|
0.53
|
53
|
5.60
|
0.14
|
0.03
|
0.01
|
T15
|
ZKG1805
|
13.32
|
15.06
|
833
|
1.74
|
1.00
|
118
|
0.85
|
0.10
|
0.05
|
0.03
|
T11E4
|
ZKG1805
|
202.36
|
203.05
|
787
|
0.69
|
0.40
|
172
|
2.04
|
0.75
|
0.05
|
0.04
|
T17
|
ZKG1805
|
281.67
|
282.46
|
768
|
0.79
|
0.70
|
139
|
0.81
|
0.32
|
0.05
|
0.05
|
T22Ea
|
ZKG1806
|
285.68
|
287.26
|
715
|
1.58
|
0.81
|
1,898
|
8.02
|
2.19
|
0.05
|
0.49
|
T22E
|
ZKG1806
|
292.38
|
293.54
|
712
|
1.16
|
1.03
|
108
|
2.28
|
0.27
|
0.02
|
0.02
|
T22E1
|
ZKG1807
|
243.27
|
243.89
|
773
|
0.62
|
0.62
|
108
|
1.28
|
0.43
|
0.03
|
0.25
|
T16
|
ZKG4T1601
|
79.56
|
83.59
|
762
|
4.03
|
2.27
|
1,003
|
8.93
|
0.83
|
0.16
|
0.10
|
T16
|
incl
|
80.28
|
81.54
|
761
|
1.26
|
0.71
|
2,631
|
20.80
|
1.89
|
0.36
|
0.26
|
T16
|
ZKT0015
|
65.82
|
67.35
|
872
|
1.53
|
1.08
|
77
|
1.89
|
0.10
|
0.07
|
0.02
|
T3
|
ZKT0015
|
71.25
|
72.64
|
870
|
1.39
|
0.98
|
949
|
0.61
|
0.17
|
0.04
|
0.05
|
T22
|
ZKT0016
|
95.26
|
96.27
|
861
|
1.01
|
0.79
|
12
|
0.12
|
0.02
|
13.91
|
0.01
|
T1W
|
ZKT0210
|
77.67
|
78.45
|
860
|
0.78
|
0.77
|
725
|
0.47
|
0.10
|
0.33
|
0.17
|
T1W1
|
ZKT0210
|
250.35
|
253.94
|
787
|
3.59
|
3.57
|
581
|
8.83
|
0.63
|
0.05
|
0.05
|
T3
|
ZKT0336
|
49.08
|
50.63
|
1,010
|
1.55
|
1.54
|
108
|
1.05
|
0.13
|
0.05
|
0.03
|
T3E
|
ZKT0344
|
57.18
|
61.17
|
981
|
3.99
|
0.63
|
130
|
0.87
|
0.05
|
0.03
|
0.02
|
T3E
|
ZKT0424
|
98.15
|
99.82
|
805
|
1.67
|
1.32
|
67
|
1.72
|
0.18
|
0.03
|
0.16
|
T1W1
|
ZKT0427
|
141.82
|
142.41
|
916
|
0.59
|
0.51
|
1,794
|
0.19
|
0.06
|
0.13
|
0.28
|
T33
|
ZKT0431
|
3.94
|
4.85
|
891
|
0.91
|
0.85
|
88
|
1.02
|
0.08
|
0.03
|
0.01
|
T23
|
ZKT0433
|
36.77
|
37.67
|
873
|
0.90
|
0.86
|
134
|
0.96
|
0.41
|
0.05
|
0.02
|
T23a
|
ZKT0433
|
122.92
|
125.61
|
829
|
2.69
|
2.05
|
174
|
0.76
|
0.47
|
0.08
|
0.07
|
T26
|
ZKT0442
|
26.72
|
56.65
|
862
|
29.93
|
24.51
|
104
|
1.35
|
0.27
|
0.05
|
0.02
|
T1W1
|
ZKT0443
|
0.00
|
2.01
|
898
|
2.01
|
0.49
|
183
|
0.72
|
0.16
|
0.05
|
0.03
|
T28
|
ZKT04T2801
|
141.74
|
143.47
|
878
|
1.73
|
1.72
|
751
|
3.36
|
0.40
|
0.07
|
0.25
|
T28
|
ZKT04T2802
|
137.53
|
138.50
|
864
|
0.97
|
0.73
|
41
|
2.80
|
0.26
|
0.05
|
0.01
|
T28
|
ZKT04T2803
|
127.27
|
128.40
|
876
|
1.13
|
0.85
|
90
|
1.35
|
0.08
|
0.03
|
0.04
|
T1W1
|
ZKT0811
|
2.74
|
3.68
|
897
|
0.94
|
0.88
|
141
|
0.12
|
0.25
|
0.05
|
0.02
|
T1W1
|
ZKT09C10
|
199.23
|
199.74
|
898
|
0.51
|
0.45
|
393
|
0.75
|
0.04
|
0.02
|
0.07
|
T35E1
|
ZKT1103
|
97.07
|
99.09
|
746
|
2.02
|
1.84
|
154
|
5.95
|
0.91
|
0.27
|
0.42
|
T3E
|
incl
|
97.07
|
97.58
|
746
|
0.51
|
0.46
|
467
|
18.46
|
3.25
|
0.88
|
1.34
|
T3E
|
ZKT1104
|
60.32
|
61.50
|
751
|
1.18
|
1.09
|
267
|
0.34
|
0.13
|
0.05
|
0.01
|
T2
|
ZKT1107
|
53.00
|
59.13
|
740
|
6.13
|
5.69
|
51
|
3.75
|
0.26
|
0.92
|
0.56
|
T2
|
incl
|
55.66
|
56.34
|
739
|
0.68
|
0.63
|
128
|
17.94
|
0.73
|
4.96
|
2.01
|
T2
|
ZKT1108
|
59.36
|
61.67
|
754
|
2.31
|
1.71
|
153
|
3.77
|
0.29
|
0.65
|
0.48
|
T2
|
ZKT1108
|
82.28
|
84.34
|
752
|
2.06
|
1.55
|
57
|
16.77
|
0.10
|
0.08
|
0.06
|
T3
|
ZKT1108
|
86.96
|
88.34
|
752
|
1.38
|
1.04
|
38
|
4.26
|
0.17
|
0.10
|
0.19
|
T3E
|
ZKT1108
|
112.81
|
114.02
|
749
|
1.21
|
0.72
|
287
|
21.83
|
0.61
|
0.99
|
0.22
|
T4
|
ZKT1109
|
61.36
|
62.79
|
773
|
1.43
|
0.97
|
28
|
2.26
|
0.08
|
0.10
|
0.50
|
T2
|
ZKT1110
|
57.79
|
59.42
|
738
|
1.63
|
1.40
|
62
|
1.18
|
0.08
|
0.11
|
0.75
|
T2
|
ZKT1111
|
68.23
|
70.58
|
736
|
2.35
|
1.75
|
89
|
4.52
|
0.27
|
0.43
|
0.91
|
T2
|
ZKT1111
|
97.17
|
99.98
|
727
|
2.81
|
2.09
|
351
|
7.42
|
1.90
|
0.60
|
0.73
|
T3E
|
ZKT1111
|
139.15
|
140.05
|
712
|
0.90
|
0.66
|
318
|
33.03
|
1.11
|
0.05
|
2.19
|
T5
|
ZKT1112
|
44.52
|
45.50
|
762
|
0.98
|
0.79
|
178
|
0.86
|
0.03
|
0.70
|
0.03
|
T2W
|
ZKT1113
|
50.36
|
52.22
|
735
|
1.86
|
1.50
|
22
|
3.21
|
0.07
|
0.12
|
0.32
|
T2
|
ZKT1113
|
96.54
|
97.74
|
713
|
1.20
|
0.97
|
68
|
0.08
|
0.12
|
0.13
|
1.43
|
T3E
|
ZKT1114
|
89.63
|
92.52
|
697
|
2.89
|
2.52
|
56
|
0.94
|
0.08
|
0.46
|
1.56
|
T3
|
ZKT1114
|
99.92
|
101.25
|
691
|
1.33
|
1.12
|
33
|
6.77
|
0.75
|
0.10
|
0.20
|
T3E
|
ZKT1122
|
73.53
|
74.54
|
698
|
1.01
|
0.85
|
81
|
1.28
|
0.09
|
0.19
|
0.98
|
T2
|
ZKT1123
|
95.68
|
96.79
|
671
|
1.11
|
0.83
|
25
|
3.04
|
0.03
|
0.21
|
0.14
|
T2
|
ZKT1124
|
56.78
|
58.82
|
749
|
2.04
|
1.70
|
281
|
3.32
|
0.52
|
6.83
|
0.59
|
T2
|
ZKT1124
|
87.99
|
88.50
|
744
|
0.51
|
0.42
|
400
|
4.05
|
0.45
|
0.51
|
0.13
|
T3
|
ZKT1124
|
93.98
|
94.89
|
743
|
0.91
|
0.78
|
64
|
1.61
|
0.19
|
0.10
|
0.05
|
T3E
|
ZKT1125
|
80.24
|
101.56
|
730
|
21.32
|
13.48
|
92
|
1.62
|
0.64
|
0.47
|
0.47
|
T3
|
ZKT1309
|
115.54
|
116.44
|
730
|
0.90
|
0.86
|
332
|
0.39
|
0.05
|
0.12
|
0.03
|
T2W
|
ZKT1309
|
130.89
|
135.14
|
723
|
4.25
|
4.06
|
126
|
3.67
|
0.45
|
0.32
|
0.66
|
T2
|
incl
|
131.72
|
132.76
|
725
|
1.04
|
0.99
|
814
|
10.47
|
0.15
|
2.41
|
2.04
|
T2
|
ZKT1310
|
137.12
|
140.82
|
724
|
3.70
|
3.44
|
285
|
6.77
|
1.07
|
0.41
|
0.90
|
T2
|
incl
|
138.96
|
140.82
|
724
|
1.86
|
1.73
|
515
|
12.66
|
1.90
|
0.69
|
1.73
|
T2
|
ZKT1310
|
169.66
|
170.54
|
716
|
0.88
|
0.82
|
93
|
0.95
|
0.12
|
0.05
|
0.03
|
T4
|
ZKT1311
|
141.70
|
143.34
|
728
|
1.64
|
1.58
|
172
|
1.91
|
0.16
|
0.48
|
1.78
|
T3
|
ZKT1312
|
54.90
|
55.92
|
742
|
1.02
|
1.00
|
137
|
0.14
|
0.28
|
0.05
|
0.06
|
T1
|
ZKT1312
|
140.06
|
142.06
|
714
|
2.00
|
1.60
|
96
|
0.65
|
0.27
|
0.37
|
0.60
|
T3
|
ZKT1312
|
169.37
|
170.91
|
704
|
1.54
|
1.40
|
58
|
1.98
|
0.13
|
0.08
|
0.36
|
T3E
|
ZKT1345
|
177.09
|
177.67
|
803
|
0.58
|
0.44
|
130
|
2.99
|
0.05
|
0.05
|
0.01
|
T16
|
ZKT1346
|
174.81
|
175.49
|
808
|
0.68
|
0.55
|
316
|
0.57
|
1.61
|
0.10
|
0.03
|
T16
|
ZKT1350
|
87.27
|
87.87
|
788
|
0.60
|
0.58
|
160
|
0.54
|
0.17
|
0.03
|
0.06
|
T22
|
ZKT1350
|
131.91
|
132.46
|
780
|
0.55
|
0.47
|
808
|
1.07
|
1.27
|
0.13
|
0.10
|
T2W
|
ZKT1351
|
97.95
|
99.26
|
836
|
1.31
|
0.88
|
7
|
0.02
|
0.03
|
6.09
|
0.01
|
T1W1
|
ZKT2102A
|
139.95
|
141.31
|
862
|
1.36
|
1.15
|
281
|
0.87
|
0.30
|
0.03
|
0.61
|
T14E
|
ZKT2124
|
71.74
|
72.54
|
820
|
0.80
|
0.79
|
241
|
2.60
|
0.18
|
0.05
|
0.04
|
T14
|
ZKT21T39E01
|
28.18
|
28.89
|
835
|
0.71
|
0.57
|
410
|
0.65
|
0.34
|
0.03
|
0.12
|
T38
|
ZKT2917
|
152.87
|
153.41
|
786
|
0.54
|
0.52
|
640
|
0.06
|
0.05
|
0.05
|
0.01
|
T39E2
|
ZKT2919
|
184.01
|
185.72
|
731
|
1.71
|
1.55
|
180
|
2.65
|
0.50
|
0.07
|
0.02
|
T39W
|
ZKT3109
|
9.32
|
9.91
|
797
|
0.59
|
0.53
|
148
|
1.74
|
0.08
|
0.08
|
0.01
|
T14E
|
ZKT3109
|
66.04
|
66.94
|
788
|
0.90
|
0.85
|
73
|
4.44
|
0.10
|
0.07
|
0.10
|
T21
|
ZKT3110
|
27.29
|
28.18
|
784
|
0.89
|
0.85
|
29
|
4.27
|
0.30
|
0.03
|
0.16
|
T14E
|
ZKT3111
|
8.69
|
9.34
|
797
|
0.65
|
0.51
|
21
|
14.23
|
0.63
|
0.05
|
0.01
|
T5
|
ZKT3112
|
53.51
|
54.12
|
770
|
0.61
|
0.40
|
87
|
2.33
|
0.27
|
0.05
|
3.45
|
T21
|
ZKT3710
|
29.13
|
30.64
|
796
|
1.51
|
0.93
|
105
|
0.27
|
0.75
|
0.69
|
0.05
|
T4
|
ZKT3710
|
42.45
|
43.65
|
795
|
1.20
|
0.94
|
97
|
1.77
|
0.22
|
0.80
|
0.06
|
T5
|
ZKT3712
|
33.97
|
34.82
|
781
|
0.85
|
0.59
|
111
|
0.19
|
0.77
|
0.68
|
0.02
|
T30
|
ZKT3712
|
79.51
|
80.27
|
759
|
0.76
|
0.58
|
71
|
9.08
|
0.16
|
0.21
|
0.07
|
T21
|
ZKT3727
|
57.25
|
58.09
|
768
|
0.84
|
0.76
|
39
|
3.30
|
0.11
|
0.17
|
0.01
|
T5
|
ZKT3727
|
87.68
|
88.98
|
752
|
1.30
|
0.87
|
318
|
0.93
|
0.72
|
4.92
|
0.09
|
T21
|
ZKT3728
|
25.83
|
26.43
|
796
|
0.60
|
0.53
|
298
|
0.33
|
0.06
|
0.14
|
0.02
|
T4
|
ZKT3728
|
29.79
|
30.48
|
796
|
0.69
|
0.61
|
150
|
0.73
|
0.20
|
0.13
|
0.03
|
T4E
[1]
|
ZKT3728
|
57.58
|
59.25
|
793
|
1.67
|
1.55
|
389
|
8.98
|
0.58
|
0.13
|
0.03
|
T5
|
incl
|
58.17
|
59.25
|
793
|
1.08
|
0.89
|
596
|
13.23
|
0.82
|
0.18
|
0.04
|
T5
|
ZKT3729
|
0.00
|
1.08
|
798
|
1.08
|
1.05
|
323
|
0.18
|
0.15
|
0.10
|
0.02
|
N/A
[2]
|
ZKT3729
|
6.54
|
7.92
|
795
|
1.38
|
1.27
|
448
|
0.89
|
0.86
|
0.58
|
0.07
|
T30
|
ZKT3729
|
75.89
|
79.92
|
763
|
4.03
|
3.92
|
38
|
2.19
|
0.13
|
0.07
|
0.02
|
T21
|
ZKT3732
|
0.00
|
1.68
|
798
|
1.68
|
1.42
|
389
|
0.53
|
0.22
|
0.10
|
0.05
|
T30
|
ZKT3732
|
82.75
|
83.92
|
741
|
1.17
|
0.68
|
58
|
2.80
|
0.17
|
0.13
|
0.03
|
T21
|
ZKT3733
|
2.18
|
2.83
|
796
|
0.65
|
0.61
|
188
|
0.27
|
0.38
|
0.07
|
0.03
|
T30
|
ZKT3734
|
34.72
|
36.55
|
809
|
1.83
|
0.86
|
108
|
0.25
|
0.17
|
0.99
|
0.02
|
T4
|
ZKT3735
|
3.90
|
4.68
|
798
|
0.78
|
0.61
|
163
|
0.17
|
0.38
|
0.17
|
0.03
|
T30
|
ZKT3736
|
13.69
|
16.11
|
803
|
2.42
|
1.33
|
435
|
0.31
|
0.23
|
0.04
|
0.01
|
T4W
[1]
|
ZKT3736
|
43.48
|
45.01
|
811
|
1.53
|
0.84
|
164
|
0.37
|
0.40
|
0.92
|
0.04
|
T4E
|
ZKT4123
|
17.16
|
18.22
|
741
|
1.06
|
0.72
|
18
|
6.47
|
1.05
|
0.12
|
0.01
|
T20
|
ZKT4123
|
23.66
|
24.51
|
736
|
0.85
|
0.58
|
193
|
5.47
|
0.10
|
1.35
|
0.22
|
T3E
|
ZKT4123
|
51.09
|
54.44
|
714
|
3.35
|
1.69
|
27
|
3.21
|
0.25
|
0.21
|
0.09
|
T30
|
ZKT4311
|
41.66
|
42.58
|
737
|
0.92
|
0.84
|
40
|
4.66
|
0.26
|
0.15
|
0.62
|
T4
|
ZKT4313
|
0.00
|
4.29
|
756
|
4.29
|
4.06
|
150
|
3.25
|
0.08
|
0.16
|
0.13
|
T2
|
ZKT4315
|
5.99
|
7.07
|
754
|
1.08
|
0.75
|
70
|
1.41
|
0.09
|
0.20
|
0.06
|
T2
|
ZKT4505
|
14.56
|
15.36
|
752
|
0.80
|
0.74
|
96
|
2.98
|
0.06
|
4.03
|
0.06
|
T20
|
ZKT4505
|
83.27
|
84.09
|
736
|
0.82
|
0.60
|
90
|
0.66
|
0.82
|
0.73
|
0.04
|
T5a
[1]
|
ZKT4505
|
87.00
|
90.95
|
735
|
3.95
|
2.89
|
45
|
1.59
|
0.45
|
0.77
|
0.03
|
T5
|
ZKT4506
|
14.60
|
15.29
|
745
|
0.69
|
0.55
|
28
|
7.07
|
0.03
|
0.18
|
0.10
|
T20
|
ZKT4506
|
36.73
|
38.26
|
728
|
1.53
|
1.21
|
317
|
24.24
|
0.16
|
0.31
|
0.91
|
T3E
|
ZKT4507
|
0.00
|
5.55
|
757
|
5.55
|
4.71
|
114
|
3.10
|
0.09
|
0.12
|
0.22
|
T2
|
ZKT4507
|
47.23
|
47.77
|
766
|
0.54
|
0.30
|
19
|
0.27
|
0.09
|
3.45
|
0.04
|
T23W
|
ZKT4507
|
53.22
|
57.35
|
768
|
4.13
|
2.31
|
23
|
0.37
|
0.12
|
2.20
|
0.02
|
T1W
|
ZKT4508
|
1.50
|
4.79
|
755
|
3.29
|
2.02
|
51
|
2.00
|
0.07
|
0.10
|
0.05
|
T2
|
ZKT4508
|
65.17
|
67.13
|
737
|
1.96
|
0.99
|
118
|
4.23
|
0.05
|
0.07
|
0.01
|
T1W
|
ZKT4518
|
13.54
|
14.23
|
749
|
0.69
|
0.65
|
40
|
2.33
|
0.06
|
0.67
|
0.05
|
T20
|
ZKT4518
|
41.87
|
42.79
|
738
|
0.92
|
0.79
|
16
|
2.90
|
0.08
|
0.04
|
0.08
|
T3E
|
ZKT4519
|
16.30
|
16.89
|
755
|
0.59
|
0.55
|
49
|
3.96
|
0.61
|
0.04
|
0.08
|
T20
|
ZKT4519
|
40.77
|
41.70
|
754
|
0.93
|
0.65
|
79
|
21.48
|
0.12
|
0.07
|
0.06
|
T31
|
ZKT4519
|
81.92
|
82.67
|
753
|
0.75
|
0.50
|
87
|
0.29
|
0.46
|
1.32
|
0.09
|
T5
|
ZKT4519
|
106.80
|
107.41
|
752
|
0.61
|
0.44
|
20
|
9.81
|
0.14
|
0.09
|
0.01
|
T21
|
ZKT4520
|
28.50
|
31.59
|
762
|
3.09
|
2.16
|
131
|
4.92
|
0.19
|
0.33
|
0.05
|
T3E
|
ZKT4520
|
77.24
|
78.09
|
772
|
0.85
|
0.42
|
111
|
7.94
|
0.36
|
0.15
|
0.08
|
T5
|
ZKT7T1403
|
118.46
|
119.83
|
1,033
|
1.37
|
1.11
|
71
|
1.65
|
0.13
|
0.03
|
0.02
|
T14
|
ZKT7T3E03
|
94.31
|
94.97
|
1,064
|
0.66
|
0.31
|
299
|
0.41
|
0.10
|
0.03
|
0.14
|
T3E
|
ZKT7T501
|
103.63
|
105.95
|
1,049
|
2.32
|
0.88
|
328
|
7.54
|
0.25
|
0.06
|
0.03
|
T14
|
incl
|
104.34
|
105.02
|
1,048
|
0.68
|
0.26
|
1,066
|
23.29
|
0.51
|
0.10
|
0.09
|
T14
|
ZKTDB0302
|
83.23
|
83.72
|
1,062
|
0.49
|
0.41
|
441
|
35.27
|
0.20
|
0.06
|
0.18
|
T1W1
|
ZKTDB0302
|
102.35
|
103.08
|
1,047
|
0.73
|
0.64
|
124
|
6.29
|
0.07
|
0.05
|
0.01
|
T1W
|
ZKTDB0402
|
165.97
|
167.94
|
1,087
|
0.82
|
1.72
|
476
|
2.02
|
0.63
|
0.03
|
0.04
|
T4
|
ZKTDB0402
|
169.56
|
173.35
|
1,085
|
1.28
|
3.66
|
293
|
2.22
|
0.29
|
0.02
|
0.09
|
T2W2
|
ZKTDB0601
|
19.16
|
26.39
|
1,151
|
7.23
|
6.81
|
133
|
2.63
|
0.11
|
0.02
|
0.01
|
T2
|
ZKTDB0601
|
42.89
|
46.49
|
1,138
|
3.60
|
3.40
|
121
|
2.28
|
0.13
|
0.14
|
0.04
|
T3E
|
ZKTDB0601
|
99.22
|
99.78
|
1,103
|
0.56
|
0.51
|
732
|
1.23
|
0.17
|
0.06
|
0.08
|
T4
|
ZKTDB0601
|
163.64
|
165.26
|
1,064
|
1.62
|
1.54
|
124
|
0.50
|
0.14
|
0.03
|
0.08
|
T5
|
ZKTDB0604
|
25.51
|
29.66
|
1,153
|
4.15
|
2.79
|
499
|
4.38
|
0.42
|
0.05
|
0.12
|
T2
|
ZKTDB0604
|
31.11
|
34.04
|
1,150
|
2.93
|
1.97
|
274
|
2.81
|
0.39
|
0.05
|
0.08
|
T3
|
ZKTDB0605
|
25.96
|
35.41
|
1,144
|
9.45
|
7.44
|
168
|
1.41
|
0.18
|
0.05
|
0.02
|
T3
|
ZKTDB0605
|
49.52
|
50.51
|
1,130
|
0.99
|
0.78
|
67
|
1.81
|
0.40
|
0.05
|
0.02
|
T3E
|
ZKTDB0605
|
185.57
|
186.54
|
1,036
|
0.97
|
0.83
|
12
|
3.50
|
0.07
|
0.05
|
0.01
|
T5
|
ZKTDB0607
|
23.50
|
28.01
|
1,147
|
4.51
|
4.03
|
107
|
0.55
|
0.10
|
0.05
|
0.01
|
T2
|
ZKTDB0607
|
30.19
|
35.44
|
1,141
|
5.25
|
4.70
|
72
|
3.08
|
0.08
|
0.05
|
0.02
|
T3
|
ZKTDB0607
|
46.99
|
47.71
|
1,130
|
0.72
|
0.64
|
126
|
0.58
|
0.16
|
0.05
|
0.01
|
T3E
|
ZKTDB0608
|
29.90
|
41.98
|
1,145
|
12.08
|
7.83
|
119
|
1.29
|
0.20
|
0.05
|
0.02
|
T3
|
ZKTDB0608
|
143.45
|
144.06
|
1,086
|
0.61
|
0.39
|
838
|
1.70
|
0.42
|
0.05
|
0.11
|
T4
|
ZKTDB0608
|
164.11
|
167.49
|
1,075
|
3.38
|
1.42
|
1,052
|
4.38
|
0.14
|
0.05
|
0.10
|
T2W2
|
ZKTDB0610
|
21.69
|
27.21
|
1,153
|
5.52
|
4.57
|
106
|
2.88
|
0.24
|
0.10
|
0.01
|
T2
|
ZKTDB0610
|
134.93
|
137.27
|
1,097
|
2.34
|
1.44
|
754
|
1.74
|
0.16
|
0.03
|
0.13
|
T4
|
ZKTDB0611
|
16.79
|
22.36
|
1,156
|
5.57
|
5.32
|
95
|
3.97
|
0.18
|
0.03
|
0.01
|
T2
|
ZKTDB0611
|
63.69
|
64.71
|
1,135
|
1.02
|
0.96
|
87
|
2.68
|
0.91
|
0.03
|
0.04
|
T3E2
|
ZKTDB1101
|
23.83
|
33.19
|
1,093
|
9.36
|
9.17
|
67
|
2.02
|
0.27
|
0.05
|
0.05
|
T3
|
ZKTDB1103
|
17.67
|
18.79
|
1,088
|
1.12
|
0.97
|
80
|
3.28
|
0.34
|
0.05
|
0.07
|
T2
|
ZKTDB1512
|
204.80
|
206.34
|
990
|
1.54
|
0.48
|
338
|
0.39
|
0.15
|
0.05
|
0.03
|
T33W3
|
ZKTDB1514
|
185.67
|
186.23
|
983
|
0.56
|
0.49
|
188
|
1.18
|
0.09
|
0.03
|
0.02
|
T2
|
ZKTDB2001
|
157.40
|
158.27
|
1,027
|
0.87
|
0.82
|
2,871
|
2.47
|
0.79
|
0.05
|
1.63
|
T3
|
ZKTDB2002
|
210.99
|
211.69
|
953
|
0.70
|
0.67
|
140
|
1.16
|
0.12
|
0.05
|
0.02
|
T3
|
ZKTDB2003
|
95.80
|
96.59
|
1,092
|
0.79
|
0.77
|
277
|
0.21
|
0.08
|
0.02
|
0.03
|
T2
|
ZKTDB2003
|
139.49
|
141.59
|
1,068
|
0.83
|
2.09
|
207
|
0.74
|
0.12
|
0.02
|
0.03
|
T3
|
ZKTDB3101
|
228.58
|
231.83
|
836
|
3.25
|
3.15
|
194
|
1.44
|
0.27
|
0.07
|
0.03
|
T5E1
|
ZKTDB3301
|
135.35
|
136.27
|
893
|
0.92
|
0.76
|
137
|
1.19
|
0.19
|
0.05
|
0.02
|
T4
|
ZKTDB3501
|
184.29
|
185.84
|
851
|
1.55
|
1.32
|
187
|
1.64
|
0.19
|
0.03
|
0.01
|
T31W
|
ZKTDB3501
|
197.22
|
198.17
|
841
|
0.95
|
0.81
|
76
|
3.71
|
0.81
|
0.03
|
0.00
|
T20
|
ZKTDB3502
|
113.29
|
113.96
|
873
|
0.67
|
0.60
|
250
|
0.50
|
0.08
|
0.04
|
0.02
|
T3E
|
ZKTDB3502
|
127.31
|
128.53
|
863
|
1.22
|
1.03
|
998
|
1.45
|
0.78
|
0.33
|
0.05
|
T4
|
ZKTDB3502
|
180.59
|
181.34
|
823
|
0.75
|
0.63
|
62
|
3.76
|
0.15
|
0.15
|
0.01
|
T5E2
[1]
|
ZKTDB3502
|
195.20
|
196.10
|
812
|
0.90
|
0.76
|
112
|
1.04
|
0.25
|
0.03
|
0.00
|
N/A
|
ZKTDB3502
|
199.99
|
200.85
|
809
|
0.86
|
0.73
|
154
|
0.65
|
0.19
|
0.45
|
0.03
|
N/A
|
ZKTDB3503
|
195.57
|
196.75
|
836
|
1.18
|
1.14
|
290
|
2.34
|
0.28
|
0.02
|
0.02
|
T31W1E
|
ZKTDB3503
|
213.60
|
214.16
|
825
|
0.56
|
0.52
|
356
|
3.69
|
0.21
|
0.03
|
0.01
|
T20
|
ZKTDB3504
|
91.12
|
92.58
|
909
|
1.46
|
N/A
[3]
|
8
|
0.02
|
0.02
|
13.96
|
0.01
|
N/A
[2]
|
ZKTDB3701
|
98.50
|
99.25
|
881
|
0.75
|
0.70
|
153
|
1.41
|
0.23
|
0.05
|
0.01
|
T2
|
ZKTDB3701
|
192.81
|
194.23
|
814
|
1.42
|
1.22
|
677
|
1.75
|
1.08
|
0.18
|
0.04
|
T20
|
ZKTDB3702
|
206.66
|
207.53
|
848
|
0.87
|
0.82
|
49
|
5.25
|
0.83
|
0.05
|
0.01
|
T20
|
ZKTDB3901
|
110.70
|
112.51
|
874
|
1.81
|
1.55
|
147
|
0.39
|
0.03
|
0.10
|
0.04
|
T2
|
ZKTDB3901
|
114.61
|
117.38
|
871
|
2.77
|
2.68
|
90
|
0.51
|
0.08
|
0.28
|
0.01
|
T3
|
ZKTDB3901
|
174.85
|
177.01
|
829
|
2.16
|
2.01
|
38
|
2.63
|
0.11
|
0.04
|
0.03
|
T4
|
ZKTDB4101
|
128.55
|
133.56
|
852
|
5.01
|
4.75
|
143
|
2.09
|
0.11
|
0.05
|
0.07
|
T1
|
ZKTDB4101
|
189.79
|
192.46
|
813
|
2.67
|
2.35
|
41
|
2.28
|
0.18
|
0.29
|
0.03
|
T20
|
ZKTDB4102
|
129.08
|
137.71
|
852
|
8.63
|
8.20
|
183
|
1.20
|
0.26
|
0.11
|
0.07
|
T1
|
ZKTDB4103
|
110.74
|
111.55
|
871
|
0.81
|
1.59
|
280
|
0.72
|
0.18
|
0.03
|
0.01
|
T3
|
ZKTDB4301
|
84.10
|
85.42
|
884
|
1.32
|
1.23
|
23
|
0.12
|
0.07
|
3.21
|
0.01
|
T31
|
[1] New
veins.
|
[2] New unnamed
veins.
|
[3] Thickness
unknown.
|
Tunneling Programs at the TLP
Mine
A total of 6,982 m of exploration
tunnels 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 to
test for new parallel and splay structures (Tables 2 and 3).
Table 2: Summary of the tunneling programs at the TLP
mine
Major Target
Veins
|
Elevation
(m)
|
Total
Tunneling
(m)
|
Channel
Samples
Collected
|
Drift
Included
|
Total
Mineralization Exposed by Drifts [1]
|
Length
(m)
|
True Width
(m)
|
Ag
(g/t)
|
Pb
(%)
|
Zn
(%)
|
T1W1, T2, T2E, T2W1,
T5, T11, T14,
T14E, T15E, T15W, T15W2, T16,
T16E, T16W, T17, T17E, T17W, T22E,
T22W, T23, T31W, T33E1, T33E3
|
500-1050
|
6,982
|
3,062
|
4,932
|
2,213
|
0.66
|
255
|
3.53
|
0.47
|
[1] Mineralization is
defined by silver equivalent value (AgEq) greater than or equal to
125 g/t at the TLP mine
(Formula used for AgEq calculation: AgEq = Ag g/t + 33.82 * Pb%
).
|
Table 3: Selected mineralized zones exposed by drift
tunneling at the TLP mine
Tunnel
ID
|
Vein
|
Elevation
(m)
|
Length
(m)
|
Ore Length
(m)
|
True Width
(m)
|
Ag
(g/t)
|
Pb
(%)
|
Zn
(%)
|
PD730-T1W1-560-15NYM
|
T1W1
|
560
|
120
|
75
|
0.41
|
646
|
1.57
|
1.56
|
PD730-T2E-716-7SYM
|
T2E
|
716
|
20
|
20
|
0.97
|
247
|
3.92
|
0.37
|
PD1050-T5-1050-6NYM
|
T5
|
1050
|
104
|
80
|
0.75
|
198
|
2.53
|
0.36
|
PD930-T11-930-6NYM
|
T11
|
930
|
35
|
25
|
0.60
|
369
|
3.81
|
0.19
|
PD930-T11-930-6SYM
|
T11
|
930
|
30
|
30
|
0.83
|
141
|
2.78
|
0.23
|
PD890-T11-890-4SYM
|
T11
|
890
|
125
|
80
|
0.62
|
333
|
3.81
|
0.35
|
PD820-T11-755-8CCLJ
|
T11
|
755
|
35
|
20
|
0.76
|
468
|
3.59
|
0.21
|
PD820-T11-755-8CCNYM
|
T11
|
755
|
32
|
32
|
0.76
|
516
|
3.16
|
0.22
|
PD820-T11-600-3NYM
|
T11
|
600
|
280
|
95
|
0.87
|
56
|
4.78
|
0.54
|
PD820-T14-600-1NYM
|
T14
|
600
|
160
|
45
|
0.89
|
139
|
3.99
|
0.52
|
PD820XPD-T14-600-16NYM
|
T14
|
600
|
25
|
25
|
0.74
|
188
|
3.21
|
0.23
|
PD820XPD-T14-500-15NYM
|
T14
|
500
|
85
|
45
|
0.54
|
30
|
5.60
|
0.25
|
PD846-T15-846-12NYM
|
T15E
|
846
|
28
|
28
|
0.70
|
426
|
4.56
|
0.33
|
PD930-T15W-930-12CCWM
|
T15W
|
930
|
35
|
15
|
0.73
|
481
|
3.33
|
0.67
|
PD820-T15W-820-12SYM
|
T15W
|
820
|
50
|
45
|
0.53
|
288
|
4.79
|
0.36
|
PD820-T15W-820-12NYM
|
T15W
|
820
|
45
|
45
|
0.77
|
286
|
5.37
|
0.44
|
PD820-T15W-755-8NYM
|
T15W
|
755
|
16
|
16
|
0.47
|
883
|
4.93
|
0.20
|
PD820XPD-T15W-550-0NYM
|
T15W
|
550
|
75
|
75
|
0.53
|
30
|
3.92
|
0.35
|
PD846-T15W-846-12SYM
|
T15W2
|
846
|
125
|
60
|
0.49
|
436
|
2.92
|
0.49
|
PD800-T16-800-23SYM
|
T16
|
800
|
76
|
60
|
0.83
|
262
|
1.37
|
0.55
|
PD820XPD-T16-550-4NYM
|
T16
|
550
|
250
|
105
|
0.75
|
68
|
5.23
|
0.83
|
PD820-T16W-820-14SYM
|
T16W
|
820
|
20
|
20
|
0.86
|
1,011
|
4.45
|
1.32
|
PD890-T17-890-1SYM
|
T17
|
890
|
95
|
65
|
0.70
|
251
|
1.47
|
0.46
|
PD820XPD-T17W-550-4SYM
|
T17W
|
550
|
125
|
70
|
0.77
|
212
|
3.86
|
0.22
|
PD730-T2-665-23SYM
|
T22E
|
665
|
50
|
40
|
0.98
|
51
|
3.12
|
0.22
|
PD820-T22E-650-14SYM
|
T22E
|
650
|
95
|
60
|
1.04
|
185
|
4.20
|
0.22
|
PD820XPD-T23-510-11SYM
|
T23
|
510
|
45
|
40
|
1.44
|
382
|
2.70
|
2.04
|
PD890-T31W-890-31NYM
|
T31W
|
890
|
45
|
43
|
0.47
|
620
|
1.19
|
0.44
|
PD890-T31W-890-31SYM
|
T31W
|
890
|
31
|
31
|
0.49
|
1,460
|
6.95
|
1.11
|
PD960-T33E1-990-13SYM
|
T33E1
|
990
|
100
|
50
|
0.56
|
369
|
5.75
|
0.16
|
PD730-T33E3-510-19SYM
|
T33E3
|
510
|
145
|
30
|
0.59
|
486
|
2.47
|
0.26
|
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 three labs are
ISO9000 certified analytical labs. For analysis, the sample is
dried and crushed to minus 1 mm and then split into a 200-300 g
subsample which is further pulverized to minus 200 mesh. Two
subsamples are prepared from the pulverized sample. One is digested
with aqua regia for gold analysis with atomic absorption
spectroscopy ("AAS"), and the other is digested 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, while
silver, lead, zinc and copper are assayed by two-acid digestion
with AAS finish.
A routine quality assurance/quality control ("QA/QC") procedure
is adopted to monitor the analytical quality at each lab. Certified
reference materials (CRMs), pulp duplicates and blanks are inserted
into each batch of lab samples. QA/QC data at the lab are attached
to the assay certificates for each batch of samples.
The Company maintains its own comprehensive QA/QC program to
ensure best practices in sample preparation and analysis of the
exploration samples. Project geologists regularly insert CRMs,
field duplicates and blanks to each batch of 30 core samples to
monitor the sample preparation and analysis procedures at the labs.
The analytical quality of the labs is further evaluated with
external checks by sending approximately 3-5% of the pulp samples
to higher level labs to check for lab bias. Data from both
the Company's and the labs' QA/QC programs are reviewed on a timely
basis by project geologists.
Guoliang Ma, P. Geo., Manager of
Exploration and Resource of the Company, is the Qualified Person
for Silvercorp under NI 43-101 and has reviewed and given consent
to the technical information contained in this news release.
About Silvercorp
Silvercorp is a profitable Canadian mining company producing
silver, lead and zinc metals in concentrates from mines in
China. The Company's goal is to
continuously create healthy returns to shareholders through
efficient management, organic growth and the acquisition of
profitable projects. Silvercorp balances profitability, social and
environmental relationships, employees' wellbeing, and sustainable
development. For more information, please visit our website
at www.silvercorp.ca.
CAUTIONARY DISCLAIMER - FORWARD LOOKING
STATEMENTS
Certain of the statements and information in this press
release constitute "forward-looking statements" within the meaning
of the United States Private Securities Litigation Reform Act of
1995 and "forward-looking information" within the meaning of
applicable Canadian provincial securities laws. Any statements or
information that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance (often, but not always,
using words or phrases such as "expects", "is expected",
"anticipates", "believes", "plans", "projects", "estimates",
"assumes", "intends", "strategies", "targets", "goals",
"forecasts", "objectives", "budgets", "schedules", "potential" or
variations thereof or stating that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur
or be achieved, or the negative of any of these terms and similar
expressions) are not statements of historical fact and may be
forward-looking statements or information. Forward-looking
statements or information relate to, among other things: the price
of silver and other metals; the accuracy of mineral resource and
mineral reserve estimates at the Company's material properties; the
sufficiency of the Company's capital to finance the Company's
operations; estimates of the Company's revenues and capital
expenditures; estimated production from the Company's mines in the
Ying Mining District; timing of receipt of permits and regulatory
approvals; availability of funds from production to finance the
Company's operations; and access to and availability of funding for
future construction, use of proceeds from any financing and
development of the Company's properties.
Forward-looking statements or information are subject to a
variety of known and unknown risks, uncertainties and other factors
that could cause actual events or results to differ from those
reflected in the forward-looking statements or information,
including, without limitation, social and economic impacts of
COVID-19; risks relating to: fluctuating commodity prices;
calculation of resources, reserves and mineralization and precious
and base metal recovery; interpretations and assumptions of mineral
resource and mineral reserve estimates; exploration and development
programs; feasibility and engineering reports; permits and
licenses; title to properties; property interests; joint
venture partners; acquisition of commercially mineable mineral
rights; financing; recent market events and conditions; economic
factors affecting the Company; timing, estimated amount, capital
and operating expenditures and economic returns of future
production; integration of future acquisitions into the Company's
existing operations; competition; operations and
political conditions; regulatory environment in China and Canada; environmental risks;
legislative and regulatory initiatives addressing global climate
change or other environmental concerns; foreign exchange rate
fluctuations; insurance; risks and hazards of mining operations;
key personnel; conflicts of interest; dependence on management;
internal control over financial reporting as per the requirements
of the Sarbanes-Oxley Act; and bringing actions and enforcing
judgments under U.S. securities laws.
This list is not exhaustive of the factors that may affect
any of the Company's forward-looking statements or information.
Forward-looking statements or information are statements about the
future and are inherently uncertain, and actual achievements of the
Company or other future events or conditions may differ materially
from those reflected in the forward-looking statements or
information due to a variety of risks, uncertainties and other
factors, including, without limitation, those referred to in the
Company's Annual Information Form 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