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Silvercorp Metals Inc.
Summary
| Project: | Ying | |
|---|---|---|
| Deposit: | SGX Mine | |
| Location: | China | |
| Commodities: | Silver-Lead-Zinc | |
| Date: | 1/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 23-1-2017: Silvercorp Metals Inc. announces an Exploration/Drilling Update report for its SGX Mine deposit at the Ying project. Drilling results incl. 2.85m @ 571g/t Ag, 19.16% Pb, 1.04% Zn from 168.94m. Silvercorp Metals Inc. ("Silvercorp” or the “Compan | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alex Zhang (Internal) | |
| ABSTRACT: | Silvercorp Metals Inc. ("Silvercorp” or the “Company”) (TSX:SVM) is pleased to report the results of its 2016 exploration program at the SGX mine, Ying Mining District, Henan Province, China. The Company completed 21,358 meters (“m”) underground diamond drilling and 21,886m exploration tunneling in 2016 at the SGX mine. Results of the underground drilling continuously extended the major mineralized vein structures along strike and downdip, and the 8,296m drift tunneling exposed a total of 3,348m of high-grade mineralized zones. Underground diamond holes in the 2016 drilling program were mainly designed to delineate the downdip and along-strike extensions of known mineralized vein structures in the production area and test for new veins in the adjacent less-explored areas. Exploration tunneling, comprising drifting, crosscutting and raising, was driven along and across major mineralized vein structures to upgrade drill defined mineral resources and test for parallel and splay structures. The Company has proposed a comprehensive exploration program comprising 23,722m tunneling and 22,819m underground drilling for SGX in 2017 to further trace the striking and 5 downdip extensions of known vein structures and expand and upgrade the previously defined mineral resources. The 2017 exploration at the SGX mine will be mainly focused in the current production area and its adjacent less- or non-explored potential areas. | |
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