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Silvercorp Metals Inc.
Summary
| Project: | GC | |
|---|---|---|
| Deposit: | GC | |
| Location: | China | |
| Commodities: | Silver-Lead-Zinc | |
| Date: | 7/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Active Mining & Production | |
| Report details: | 25-7-2018: Silvercorp Metals Inc. announces a Feasibility Study report for its GC deposit at the GC project. FS results incl. post-tax NPV of US $132M (8%), and updated mineral resource and reserve at project. VANCOUVER, British Columbia –July 25, 2018 – | |
| Resources: | (Reserve, P+P): 3.564Mt @ 96g/t Ag, 1.4% Pb, 3.1% Zn at Gaocheng | |
| CP/QP: | [Resources]: Dinara Nussipakynova (AMC Consultants Pty Ltd.) | |
| ABSTRACT: | VANCOUVER, British Columbia –July 25, 2018 – Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX / NYSE American: SVM) is pleased to report the results of an updated National Instrument (“NI”) 43- 101 Technical Report with an effective date of June 30, 2018 (Mineral Resources and Mineral Reserves effective December 31, 2017), prepared by AMC Mining Consultants (Canada) Ltd. (“AMC”) on the Gaocheng silver-zinc-lead property in Guangdong Province, People’s Republic of China (the “Gaocheng NI 43-101 Technical Report”). The four authors of the Gaocheng NI 43-101 Technical Report all qualify as independent Qualified Persons. Two of the authors visited the Gaocheng Property in January 2018. AMC examined all aspects of the project, including drill core, underground workings, processing plant and surface infrastructure. The Gaocheng NI 43-101 Technical Report, with an effective date of 30 June 2018, will be made available for review on the SEDAR system and on the Company’s website at www.silvercorp.ca in due course. The Mineral Resource estimates for the Gaocheng property were prepared by Mr. Shiping Yin, Resource Geologist of Silvercorp using MicromineTM, and were verified by Ms. Dinara Nussipakynova, P.Geo. of AMC using DatamineTM software, who takes responsibility for those estimates. The Mineral Reserve estimates for the Gaocheng property were prepared by the Silvercorp Gaocheng mining engineering team and were verified by Mr. H. A. Smith, P.Eng. of AMC, who takes responsibility for those estimates | |
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