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Silvercorp Metals Inc.

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Summary

Project:

Ying

Deposit:LMW Mine
Location:China
Commodities:Silver-Lead-Zinc
Date:1/30/2017
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Active Mining & Production
Report details:30-1-2017: Silvercorp Metals Inc. announces an Exploration/Drilling Update report for its LMW Mine deposit at the Ying project. Drilling results incl. 2.45m @ 767g/t Ag, 0.87% Pb, 0.435% Zn from 146.64m. Silvercorp Metals Inc. ("Silvercorp” or the “Compan
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Ruijin Jiang (Internal)
ABSTRACT:Silvercorp Metals Inc. ("Silvercorp” or the “Company”) (TSX:SVM) is pleased to report the results of its 2016 exploration program at the LMW mine, Ying Mining District, Henan Province, China. The Company completed 17,410 meters (“m”) underground diamond drilling and 7,909m exploration tunneling in 2016 at the LMW mine. Highlights of the 2016 exploration results is the delineation of high-grade northwest-trending vein structures LM19W1 and S19W2 and other parallel vein groups. The 4,877m drift tunneling exposed a total of 1,931m of high-grade mineralized zones. Re-interpretation of previous exploration data in early 2015 resulted in identification of the northwest striking vein structures LM19W1 and LM19W2 at LMW mine. Underground drilling and exploration tunneling afterwards in 2015 and 2016 have controlled strike lengths of more than 700 m for both vein structures, and exposed stable and continuous high-grade mineralization zones in drift tunnels within the two newly defined structures. In addition to the known dominant northeast striking vein structures, discovery of vein structures LM19W1 and LM19W2 at LMW may indicate enormous exploration potential of the previously less-explored northwest striking vein structures in the Ying mining district, especially the TLP, LME and LMW mines. Underground drill holes in 2016 were mainly designed to delineate the downdip and alongstrike extensions of known mineralized vein structures in the production area and test for new veins in the adjacent less-explored areas.

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