希尔威金属矿业有限公司 希尔威金属矿业有限公司 希尔威金属矿业有限公司 希尔威金属矿业有限公司
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Silvercorp Metals Inc.
希尔威金属矿业有限公司 希尔威金属矿业有限公司 希尔威金属矿业有限公司 希尔威金属矿业有限公司
Suite 1750 – 1066 West Hastings St.
Vancouver, BC, Canada V6E 3X1
Tel: 604-669-9397
Fax: 604-669-9387
NEWS RELEASE
Trading Symbol: TSX: SVM
NYSE American: SVM
SILVERCORP INTERSECTS 1,211 G/T SILVER, 11.58% LEAD AND 0.92% ZINC OVER
1.34 METRES FROM ITS 2018-2019 DRILLING PROGRAM AT THE LMW MINE,
YING MINING DISTRICT, CHINA
VANCOUVER, British Columbia – October 15, 2019 – Si lvercorp Metals Inc. ("Silvercorp” or the
“Company”) (TSX / NYSE American: SVM) is pleased to report results of its exploration programs
from April 1, 2018 to June 30, 2019 at the LMW mine , Ying Mining District, Henan Province,
China. Exploration drilling is ongoing at the LMW mine and all other mines at the Ying Mining
District.
During this period, Silvercorp continued its extens ive exploration programs and completed
21,272 metres (“m”) of underground diamond drilling and 3,274m of exploration tunneling at
the LMW mine. Results of underground drilling conti nuously extended the major mineralized
vein structures along strike and downdip, and explo ration tunneling exposed high-grade
mineralization zones within major production vein structures.
Highlights of selected drill hole intersections:
• Hole ZKX11111 intersected a 1.34m interval from 135. 86m to 137.20m, 0.97m true width,
of vein LM17W1 grading 1,211 grams per tonne (“g/t” ) silver (“Ag”), 11.58% lead (“Pb”),
and 0.92% zinc (“Zn”) at the 634m elevation;
• Hole ZKX1302 intersected a 1.22m interval from 121.20m to 122.42m, 1.21m true width, of
a new vein grading 661g/t Ag, 14.00% Pb, and 0.28% Zn at the 708m elevation; and
• Hole ZKX0513 intersected a 1.66m interval from 185.43m to 187.09m, 1.36m true width, of
vein LM17W grading 859g/t Ag, 4.53% Pb, and 0.31% Zn at the 661m elevation.
The underground drilling program is being conducted with three underground rigs from the
current production levels to delineate the downdip and along-strike extensions of known
mineralized vein structures in the production area and test for new veins in the previously less-
explored areas.
The drilling program from April 1, 2018 to June 30, 2019 at the LMW mine is briefly summarized
in the following table:
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Major Target Veins Metres
Drilled
Holes
Completed
Samples
Collected
Holes
Intersected Vein
Structures
Holes Intersected
Mineralization *
LM 7, LM 8, LM8_4,
LM12, LM16, LM17,
W17W, LM25
21,272 69 1,057 67 26
*Mineralized intersection in drill holes is defined b y silver equivalent value (AgEq) greater than or eq ual to
130 g/t.
Highlights of selected mineralization zones exposed in exploration drift tunnels:
• Drift Tunnel PD969-LM12E-969-9NYM exposed mineraliz ation 52m long and 0.54m wide
(true width) grading 958g/t Ag, 2.77% Pb, and 0.22% Zn within vein structure LM12E on the
969m level;
• Drift Tunnel PD969Shaft-LM32-600-116SYM Extension e xposed mineralization 83m long
and 0.32m wide (true width) grading 896g/t Ag, 3.31 % Pb, and 0.71% Zn within vein
structure LM32 on the 700m level; and
• Drift Tunnel XPDS-LM16-725-117NYM exposed mineralization 110.5m long and 0.85m wide
(true width) grading 517g/t Ag, 2.72% Pb, and 0.39% Zn within vein structure LM16 on the
725m level.
The exploration tunneling, comprising drifting, cro sscutting and raising, was driven along and
across major mineralized vein structures to upgrade drill defined mineral resources and test for
new parallel and splay structures. Exploration tunn eling in the 2018-2019 exploration program
at LMW has been mainly conducted between elevation levels 550m and 969m.
The tunneling program from April 1, 2018 to June 30 , 2019 at the LMW mine is briefly
summarized in the following table:
Major Target Veins
Total
Tunneling
(m)
Channel
Samples
Collected
Drift
Tunneling
Included (m)
Total Mineralization * Exposed by Drift Tunneling
Length
(m)
Average True
Width (m)
Ag
(g/t)
Pb
(%)
Zn
(%)
LM8 _4 , LM8 W, LM8_4_1,
LM12_1, LM12E, LM14, LM16,
LM17W, LM19W2, LM25, LM30,
LM32, T24
3,274 1,495 2,549 708 0.62 384 3.98 0.33
*Mineralization is defined by silver equivalent value (AgEq) greater than or equal to 130 g/t.
Tables 1 and 2 below list the assay results of selected mineralized intersections in drill holes and
mineralized zones exposed in drift tunnels in the e xploration programs from April 1, 2018 to
June 30, 2019.
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Table 1: Selected drilling results from the drilling program at the LMW mine
Hole ID From
(m)
To
(m)
Elevation
(m)
Interval
(m)
True
Width
(m)
Ag
(g/t)
Pb
(%)
Zn
(%) Vein
ZKX02XY01 269.39 270.05 506.86 0.66 0.53 200 4.09 2.07 LM25
ZKX02XY02 386.90 392.93 384.16 6.03 4.04 103 9.26 1.79 LM25
ZKX3807 115.62 116.41 632.67 0.79 0.65 171 2.78 0.08 LM17W1
334.16 334.40 450.03 0.24 0.16 221 0.98 0.11 LM16
ZKX10911 468.27 468.75 533.60 0.48 0.41 170 1.35 0.44 LM14
ZKX11113 228.38 228.72 950.26 0.34 0.29 26 0.08 0.11 LM8
ZKX6301 150.52 152.34 724.69 1.82 0.81 171 1.42 0.24 LM17W
ZKX11111 135.86 137.20 634.31 1.34 0.97 1,211 11.58 0.92 LM17W1
ZKX0914 68.22 68.82 748.02 0.60 0.50 171 5.62 1.11 LM17W1
164.67 165.61 672.29 0.94 0.58 697 1.63 0.11 LM17W
8.91 9.81 1,088.27 0.90 0.44 345 2.08 0.08 LM12E
ZKX0513 185.43 187.09 661.41 1.66 1.36 859 4.53 0.31 LM17W
ZKX0212 9.24 9.53 1,087.34 0.29 0.13 133 0.79 0.17 LM12E1
49.93 51.49 1,072.10 1.56 1.12 121 0.24 0.06 LM20
171.12 171.49 1,026.70 0.37 0.20 280 5.38 0.71 LM12
ZKX1301 109.54 110.16 732.24 0.62 0.51 311 2.24 0.31 LM8_4
199.19 199.57 676.07 0.38 0.32 706 3.37 0.60 LM17W
ZKX0512 149.82 150.61 1,029.70 0.79 0.45 55 6.38 0.30 LM12
ZKX1302 121.20 122.42 708.19 1.22 1.21 661 14.00 0.28 LM17W2
136.59 139.42 696.74 2.83 1.88 195 2.48 0.25 LM8_4
ZKX0917 197.20 197.52 623.42 0.32 0.21 148 4.84 0.16 LM17W2
ZKX10505 397.94 398.45 411.25 0.51 0.29 15 0.03 0.06 LM30W
584.80 585.20 322.06 0.40 0.28 31 6.21 0.37 LM14
ZKX10707 494.52 495.79 402.96 1.27 1.02 147 0.80 0.12 LM14
ZKX12004 28.50 29.22 885.60 0.72 0.43 4 0.02 0.01 LM10W1
ZKX10108 137.59 137.82 535.31 0.23 0.13 133 7.89 0.04 LM30
320.29 320.64 429.27 0.35 0.19 229 3.95 8.30 LM19W3
Table 2: Selected mineralized zones exposed by drift tunneling at the LMW mine
Tunnel ID Target
Vein
Level
(m)
Length
(m)
True
Width
(m)
Ag
(g/t)
Pb
(%)
Zn
(%)
SJ969-LM12_1-550-14SYM LM12_1 550 68.0 0.66 503 6.12 0.44
SJ969-LM12_1-550-14NYM LM12_1 550 9.8 0.40 141 5.28 0.19
PD969-LM12E-969-9NYM LM12E 969 52.0 0.54 958 2.77 0.22
XPDS-LM14-625-109SYM LM14 625 62.0 0.65 242 2.36 0.37
XPDS-LM14-625-109NYM LM14 625 105.0 0.60 197 1.13 0.31
XPDS-LM14-575-113NYM LM14 575 7.5 1.56 88 4.21 0.26
XPDS-LM16-725-117NYM LM16 725 110.5 0.85 517 2.72 0.39
XPDS-LM16-725-111SYM LM16 725 10.0 0.29 313 1.08 0.15
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SJ969-LM19W2-550-110NYM LM19W2 550 116.0 0.97 26 8.58 0.26
XPDN-LM19W2-700-122NYM LM19W2 700 10.0 0.39 880 9.29 1.40
PD918-LM25-880-4NYM LM25 880 30.0 0.56 247 2.73 0.17
SJ969-LM30-600-116SYM LM30 600 100.5 0.58 711 4.81 0.27
PD969Shaft-LM32-550-116NYM LM32 550 10.0 0.42 192 5.37 1.49
PD969Shaft-LM32-600-116SYM LM32 600 83.0 0.32 896 3.31 0.71
PD924-LM8_4-870-108NYM LM8_4 870 20.0 0.40 55 4.57 0.61
PD924-LM8_4-924-104SYM LM8_4 924 10.0 0.29 27 9.34 0.08
PD969-LM8_4-969-102SYM LM8_4 969 10.0 0.42 459 3.81 0.08
PD924-LM8_4_1-870-108NYM LM8_4_1 870 20.0 0.59 236 2.98 0.74
XPDN-LM8W-800-108SYM LM8W 800 15.0 1.14 675 1.91 0.19
PD924-T24-835-106NYM T24 835 25.0 0.44 144 4.81 0.32
Quality Control
Drill cores are NQ size. Drill core samples, limit ed 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 chec king, 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, 226km northeast of Beijing, and the
Zhengzhou Nonferrous Exploration Institute Lab in Zhengzhou, Henan Province, China. Both labs
are ISO9000 certified analytical labs. For analysis the sample is dried and crushed to minus 1mm
and then split to a 200-300g subsample which is fur ther pulverized to minus 200 mesh. Two
subsamples are prepared from the pulverized sample. One is digested with aqua regia for gold
analysis with atomic absorption spectroscopy (AAS), and the other is digested with two-acids for
analysis of silver, lead, zinc, and copper with AAS.
Channel samples are collected along sample lines pe rpendicular to the mineralized vein
structure in exploration tunnels. Spacing between sampling lines is typically 5m along strike.
Both the mineralized vein and the altered wall rock s are cut with continuous chisel chipping.
Sample length ranges from 0.2m to more than 1m, dep ending on the width of the mineralized
vein and the mineralization type. Channel samples are prepared and assayed with AAS at
Silvercorp’s mine laboratory (Ying Lab) located at the mill complex in Luoning County, Henan
Province, China. The Ying lab is officially accred ited by the Quality and Technology Monitoring
Bureau of Henan Province and is qualified to provid e analytical services. The channel samples
are dried, crushed and pulverized. A 200g sample o f minus 160 mesh is prepared for assay. A
duplicate sample of minus 1mm is made and kept in the laboratory archives. Gold is analysed by
fire assay with AAS finish, and silver, lead, zinc, and copper are assayed by two-acid digestion
with AAS finish.
A routine quality assurance/quality control (QA/QC) procedure is adopted to monitor the
analytical quality at each lab. Certified referenc e materials (CRMs), pulp duplicates and blanks
are inserted into each lab batch of samples. QA/QC data at the lab are attached to the assay
certificates for each batch of samples.
The Company maintains its own comprehensive QA/QC p rogram to ensure best practices in
sample preparation and analysis of the exploration samples. Project geologists regularly insert
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CRM, field duplicates and blanks to each batch of 3 0 core samples to monitor the sample
preparation and analysis procedures at the labs. T he analytical quality of the labs is further
evaluated with external checks by sending about 3-5% of the pulp samples to higher level labs to
check for lab bias.
Data from both the Company's and the labs' QA/QC programs are reviewed on a timely basis by
project geologists.
Guoliang Ma, P. Geo., Manager of Exploration and Re source of the Company, is the Qualified
Person for Silvercorp under NI 43-101 and has revie wed and given consent to the technical
information contained in this news release.
About Silvercorp
Silvercorp is a profitable Canadian mining company producing silver, lead and zinc metals in
concentrates from mines in China. The Company’s goal is to continuously create healthy returns
to shareholders through efficient management, organic growth and the acquisition of profitable
projects. Silvercorp balances profitability, social and environmental relationships, employees’
wellbeing, and sustainable development. For more in formation, please visit our website at
www.silvercorp.ca .
For further information
Lon Shaver
Vice President
Silvercorp Metals Inc.
Phone: (604) 669-9397
Toll Free: 1(888) 224-1881
Email: [email protected]
Website: www.silvercorp.ca
CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS
Certain of the statements and information in this p ress release constitute “forward-looking statements ”
within the meaning of the United States Private Sec urities Litigation Reform Act of 1995 and “forward-
looking information” within the meaning of applicable Canadian provincial securities laws. Any statements
or information that express or involve discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions or future even ts or performance (often, but not always, using wor ds
or phrases such as “expects”, “is expected”, “antic ipates”, “believes”, “plans”, “projects”, “estimate s”,
“assumes”, “intends”, “strategies”, “targets”, “goa ls”, “forecasts”, “objectives”, “budgets”, “schedul es”,
“potential” or variations thereof or stating that c ertain actions, events or results “may”, “could”, “ would”,
“might” or “will” be taken, occur or be achieved, o r the negative of any of these terms and similar
expressions) are not statements of historical fact and may be forward-looking statements or informatio n.
Forward-looking statements or information relate to , among other things: the price of silver and other
metals; the accuracy of mineral resource and minera l reserve estimates at the Company’s material
properties; the sufficiency of the Company’s capital to finance the Company’s operations; estimates of the
Company’s revenues and capital expenditures; estima ted production from the Company’s mines in the
Ying Mining District; timing of receipt of permits and regulatory approvals; availability of funds fro m
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production to finance the Company’s operations; and access to and availability of funding for future
construction, use of proceeds from any financing and development of the Company’s properties.
Forward-looking statements or information are subje ct to a variety of known and unknown risks,
uncertainties and other factors that could cause ac tual events or results to differ from those reflect ed in
the forward-looking statements or information, incl uding, without limitation, risks relating to: fluct uating
commodity prices; calculation of resources, reserve s and mineralization and precious and base metal
recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration
and development programs; feasibility and engineeri ng reports; permits and licenses; title to properti es;
property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing;
recent market events and conditions; economic factors affecting the Company; timing, estimated amount,
capital and operating expenditures and economic ret urns of future production; integration of future
acquisitions into the Company’s existing operations ; competition; operations and political condition s;
regulatory environment in China and Canada; enviro nmental risks; foreign exchange rate fluctuations;
insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on
management; internal control over financial reporting as per the requirements of the Sarbanes-Oxley Ac t;
and bringing actions and enforcing judgments under U.S. securities laws.
This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statem ents
or information. Forward-looking statements or infor mation are statements about the future and are
inherently uncertain, and actual achievements of th e Company or other future events or conditions may
differ materially from those reflected in the forward-looking statements or information due to a variety of
risks, uncertainties and other factors, including, without limitation, those referred to in the Compan y’s
Annual Information Form for the year ended March 31 , 2019 under the heading “Risk Factors”. Although
the Company has attempted to identify important fac tors that could cause actual results to differ
materially, there may be other factors that cause r esults not to be as anticipated, estimated, describ ed or
intended. Accordingly, readers should not place un due reliance on forward-looking statements or
information.
The Company’s forward-looking statements and inform ation are based on the assumptions, beliefs,
expectations and opinions of management as of the d ate of this press release, and other than as requir ed
by applicable securities laws, the Company does not assume any obligation to update forward-looking
statements and information if circumstances or mana gement’s assumptions, beliefs, expectations or
opinions should change, or changes in any other eve nts affecting such statements or information. For t he
reasons set forth above, investors should not place undue reliance on forward-looking statements and
information.