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Silvercorp Metals Inc.

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Summary

Project:

GC

Deposit:GC
Location:China
Commodities:Silver-Lead-Zinc
Date:9/3/2019
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:3-9-2019: Silvercorp Metals Inc. announces a Resource Estimation report for its GC deposit at the GC project. Updated mineral resources and ore reserves at project. AMC Mining Consultants (Canada) Ltd. (AMC) was commissioned by Silvercorp Metals Inc. (Sil
Resources:(Reserve, P+P): 3.82Mt @ 95g/t Ag, 1.5% Pb, 3.2% Zn at project
CP/QP:[Resources]: Dinara Nussipakynova (AMC Consultants Pty Ltd.)
ABSTRACT:AMC Mining Consultants (Canada) Ltd. (AMC) was commissioned by Silvercorp Metals Inc. (Silvercorp) to prepare an independent Technical Report (the 2019 Technical Report) on the Gaocheng (Gaocheng or GC) property, located in Gaocun Township, Yun’an District, Yunfu City, Guangdong Province, China. AMC has prepared previous Technical Reports on the GC property in 2009 (‘NI 43-101 Technical Report Update on the GC Ag-Zn-Pb Project in Guangdong Province, People’s Republic of China’, effective date 18 June 2009), 2012 (‘NI 43-101 Technical Report on the GC Ag-Zn-Pb Project in Guangdong Province, People’s Republic of China’, effective date 23 January 2012), and 2018 (‘NI 43-101 Technical Report Update on the Gaocheng Ag-Zn-Pb Project in Guangdong Province, People’s Republic of China’, effective date 30 June 2018). Two of the authors of the 2019 Technical Report, Ms Dinara Nussipakynova and Mr Herbert Smith of AMC, visited the GC property in January 2018. All authors of this report qualify as Independent Qualified Persons. In preparing this report, AMC has relied on various geological maps, reports, and other technical information provided by Silvercorp. AMC has reviewed and analyzed the data provided and drawn its own conclusions augmented by its direct field observations. Much of the original geological information in this report was written in Chinese. Translations of key technical documents and data into English were provided by Silvercorp. The Qualified Persons have no reason to believe that the translations are not credible and believe they are generally reliable but cannot attest to their absolute accuracy.

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