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Silvercorp Metals Inc.

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Summary

Project:

Ying

Deposit:SGX
Location:China
Commodities:Gold-Silver-Lead-Zinc
Date:8/15/2017
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Active Mining & Production
Report details:15-8-2017: Silvercorp Metals Inc. announces an Exploration/Drilling Update report for its SGX deposit at the Ying project. Drilling results incl. 5.85m @ 1050g/t Ag, 15.92% Pb, 0.55% Zn from 78.36m. VANCOUVER, British Columbia – August 15, 2017 – Silverco
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Alex Zhang (Internal)
ABSTRACT:VANCOUVER, British Columbia – August 15, 2017 – Silvercorp Metals Inc. ("Silvercorp” or the “Company”) (TSX:SVM / NYSE AMERICAN: SVM) is pleased to report the results of the first half of its 2017 exploration program at the SGX mine, Ying Mining District, Henan Province, China. The 2017 exploration program at the SGX mine consists of underground drilling and tunneling. As of June 30, 2017, the Company completed 13,201 meters (“m”) of underground diamond drilling with 7 underground rigs and 10,531m of exploration tunneling. Results of the underground drilling and drift tunneling continuously extended the major mineralized vein structures along strike and downdip. Drill cores are NQ size. Drill core samples, limited by apparent mineralization contact or shear/alteration contact, were split into halves by saw cutting. The half cores are stored in the Company's core shacks for future reference and checking, and the other half core samples are shipped in security sealed bags to the Chengde Huakan 514 Geology and Minerals Test and Research Institute in Chengde, Hebei Province, China, 226 km northeast of Beijing, and the Zhenzhou Nonferrous Exploration Institute Lab in Zhengzhou, Henan Province, China, and both labs are ISO9000 certified analytical lab. For analysis the sample is dried and crushed to minus 1mm and then split to a 200-300g 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 AAS, and the other is digested with two-acids for analysis of silver, lead, zinc and copper with AAS.

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