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Silvercorp Metals Inc.
Summary
| Project: | BYP | |
|---|---|---|
| Deposit: | BYP | |
| Location: | China | |
| Commodities: | Gold-Lead-Zinc | |
| Date: | 5/8/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-5-2019: Silvercorp Metals Inc. announces a Resource Estimation report for its BYP deposit at the BYP project. Updated mineral resource estimate for project. VANCOUVER, British Columbia – May 8, 2019 – Silvercorp Metals Inc. (“Silvercorp” or the “Company | |
| Resources: | ||
| CP/QP: | [Resources]: Bob Dennis, Tony Cameron, Huang Song (RPM Global) | |
| ABSTRACT: | VANCOUVER, British Columbia – May 8, 2019 – Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX / NYSE American: SVM) is pleased to report an updated National Instrument 43-101 Technical Report has been completed by RPMGlobal Asia Limited (“RPM”) on the Baiyunpu (“BYP”) gold-lead-zinc property in Hunan Province, People’s Republic of China (the “BYP NI 43-101 Technical Report”). The BYP NI 43-101 Technical Report, with an effective date of April 30, 2019, will be filed under the Company’s SEDAR profile at www.sedar.com within 45 days of this news release and on the Company’s website at www.silvercorp.ca. The 2012 NI 43-101 report on the BYP property was based on data effective 2011. The current report is based on an additional 22 diamond drill holes and 1,099 metres of channel samples from tunnels. The results of the mineral resource estimates for the three physically distinct areas (gold, lead & zinc, and overlap) of the BYP project, as extracted from the BYP NI 43-101 Technical Report prepared by RPM, are presented in Tables 1 and 2. A 1.6 g/t Au cut-off grade was used for the gold area in the report based on the following parameters for the project: the previous underground mining operations, its processing cost, and 120% of the Consensus Price forecasts for the product element as at January 2019. | |
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