Silvercorp Expands Mineralized Veins by Drilling and Tunneling at the TLP and LME Mines, Ying Mining District, China
-- Published: Thursday, 24 August 2017 | Print | Disqus
Trading Symbol: TSX: SVM NYSE AMERICAN: SVM
VANCOUVER , Aug. 24, 2017 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX:SVM / NYSE AMERICAN: SVM) is pleased to report results of the first half of its 2017 exploration programs at the TLP and LME mines, Ying Mining District, Henan Province , China.
In the first half of 2017, the Company completed 17,230 meters ("m") of underground diamond drilling and 6,196m of exploration tunneling at the TLP and LME mines. Underground drilling continuously extended the major mineralized vein structures along strike and downdip, and drift tunneling exposed high-grade mineralized zones at both mines.
Highlights of selected intersections of drill holes:
LME Mine:
Hole ZKL51A21 intersected a 6.85m interval from 21.32m to 28.17m, 6.74m true width, of vein LM5E1 grading 419 grams per tonne ("g/t") silver ("Ag"), 0.96% lead ("Pb") and 0.38% zinc ("Zn") at the 546m elevation, including a 0.58m interval from 23.46m to 24.04m, 0.57m true width grading 1,151g/t Ag, 5.81% Pb and 1.99% Zn, and a 2.16m interval from 41.33m to 43.49m, 2.12m true width, of vein LME grading 1,347 g/t Ag, 1.45% Pb and 0.68% Zn at the 539m elevation; and
Hole ZKL5337 intersected a 7.50m interval from 297.36m to 304.86m, 5.38m true width, of vein LM5 grading 558g/t Ag, 3.31% Pb and 0.56% Zn at the 240m elevation, including a 0.60m interval from 300.94m to 301.54m, 0.43m true width grading 4,229g/t Ag, 19.76% Pb and 0.96% Zn.
TLP Mine:
Hole ZKT2541 intersected an 1.17m interval from 86.19m to 87.36m, 0.80m true width, of vein T39W grading 1,577g/t Ag, 10.40% Pb and 3.10% Zn at the 796m elevation.
Highlights of selected mineralization zones exposed in exploration drift tunnels:
LME Mine:
Drift Tunnel PD900-LM5E2-550-51NSYM exposed mineralization of 75m long and 1.07m wide (true width) grading 595 g/t Ag, 2.29% Pb and 0.78% Zn within vein structure LM5E on the 550m level.
TLP Mine:
Drift Tunnel PD846-T16E-846-4SYM exposed mineralization of 45m long and 0.54m wide (true width) grading 1,621g/t Ag, 2.60% Pb and 0.24% Zn within vein structure T16E on the 846m level; and
lDrift Tunnel PD820-T14-700-2NYM exposed mineralization of 119m long and 0.86m wide (true width) grading 406g/t Ag, 5.03% Pb and 0.54% Zn within vein structure T14 on the 700m level.
Diamond drill holes are designed to define and upgrade inferred mineral resource blocks and test for new mineral resources. Underground drilling is mainly conducted from 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 previous less-explored areas.
The first half of 2017 drilling program at TLP and LME mines is briefly summarized in the following table:
The 2017 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 new parallel and splay structures.
The first half of 2017 tunneling program at TLP and LME mines is briefly summarized in the following table:
Tables 1 and 2 below list the assay results of some selected mineralized intersections in drill holes and mineralized zones exposed in drift tunnels in the first half of 2017 exploration programs.
Table 1: Selected drilling results from the 2017 drilling program at TLP and LME mines
Hole ID
From (m)
To (m)
Elevation (m)
Interval (m)
True Width (m)
Ag (g/t)
Pb (%)
Zn (%)
Vein
Remarks
LME mine
ZKL5031
55.96
56.49
458
0.53
0.45
110
0.57
0.09
LM3_1
Test*
208.75
209.53
338
0.78
0.69
181
0.12
0.63
LM6
Test
212.54
212.98
335
0.44
0.39
122
0.43
2.12
LM6E
Test
277.65
278.20
284
0.55
0.48
253
2.83
2.26
LM5E
Stepout***
ZKL5746
358.46
358.87
767
0.41
0.41
269
0.34
0.44
ZG2
Test
ZKL51A21
15.22
16.52
548
1.30
1.28
291
0.44
0.17
LM5
Infill**
21.32
28.17
546
6.85
6.74
419
0.96
0.38
LM5E1
Infill
Including
23.46
24.04
545
0.58
0.57
1,151
5.81
1.99
27.27
27.76
544
0.49
0.48
1,447
1.00
0.11
41.33
43.49
539
2.16
2.12
1,347
1.45
0.68
LM5E
Infill
Including
41.33
42.26
539
0.93
0.91
1,968
1.70
0.57
51.67
52.63
535
0.96
0.84
239
0.81
0.18
LM5E2
Test
300.75
301.16
450
0.41
0.40
271
0.63
0.33
ZG2
Infill
ZKL5032
237.24
237.73
305
0.49
0.43
100
0.33
0.20
LM6
Test
ZKL5043
21.73
23.78
549
2.05
1.57
1,377
1.25
1.17
LM5
Infill
Including
22.88
23.78
548
0.90
0.69
2,581
1.83
2.23
ZKL5105
45.87
48.55
532
2.68
2.58
582
0.76
0.37
LM5E
Infill
ZKL52A21
70.51
72.32
505
1.81
1.60
942
3.98
0.68
LM5
Infill
103.31
104.94
482
1.63
1.43
179
1.68
0.39
LM5E
Infill
ZKL5321
57.76
58.17
534
0.41
0.40
109
0.29
0.08
LM5
Test
93.77
95.17
522
1.40
1.38
1,338
2.43
0.46
LM5E
Infill
Including
93.77
94.45
521
0.68
0.67
2,244
4.63
0.66
ZKL5337
297.36
304.86
240
7.50
5.38
558
3.31
0.56
LM5
Test
Including
300.94
301.54
236
0.60
0.43
4,229
19.76
0.96
315.93
316.68
223
0.75
0.54
435
4.38
3.33
LM5E
Test
ZKL53A21
21.19
22.28
547
1.09
0.99
467
1.33
0.93
LM5W2
Test
100.91
103.23
520
2.32
2.11
693
2.51
0.54
LM5E
Infill
ZKL53A22
23.77
24.25
538
0.48
0.42
342
2.53
1.00
LM5W2
Stepout
32.51
32.94
532
0.43
0.38
201
0.72
0.08
LM5W
Infill
111.96
112.52
482
0.56
0.49
356
0.75
0.58
LM5E
Infill
54.99
55.49
511
0.50
0.42
105
0.53
0.32
LM5
Test
ZKL5422
392.93
393.25
160
0.32
0.22
154
4.08
2.95
LM5E
Test
424.88
428.68
133
3.80
2.59
212
5.83
1.17
LM5E2
Test
TLP mine
ZKT2541
19.40
19.91
829
0.51
0.35
283
3.00
1.80
T38
Test
86.19
87.36
796
1.17
0.80
1,577
10.40
3.10
T39W
Test
ZKG0531
13.35
14.01
852
0.66
0.61
118
0.20
0.30
T16E
Stepout
161.13
161.63
816
0.50
0.46
56
5.10
1.10
T15W
Test
ZKG0532
211.95
212.97
685
1.02
0.94
85
7.80
5.20
T11
Stepout
ZKT2542
135.69
136.12
745
0.43
0.28
1,033
0.80
1.00
T39
Test
310.63
311.13
630
0.50
0.34
36
8.20
2.40
T16
Stepout
ZKTA1201
96.57
97.23
979
0.66
0.63
549
15.40
2.70
T27E
Stepout
155.44
156.46
984
1.02
0.95
147
0.40
0.30
T27
Infill
ZKTA1002
149.64
151.24
903
1.60
0.49
992
6.30
3.20
T1W2
Stepout
163.21
163.75
897
0.54
0.16
416
0.80
0.10
T25
Test
166.83
167.99
895
1.16
0.35
118
0.90
0.20
New vein to be named
Test
ZKG0533
20.73
21.32
836
0.59
0.39
197
0.40
0.50
T16E
Infill
ZKTA1001
104.68
105.14
998
0.46
0.42
349
1.30
0.10
T1W2
Test
ZKT2326
93.94
94.44
755
0.50
0.34
399
3.50
0.40
T39W
Test
ZKG0933
21.82
22.54
836
0.72
0.38
143
0.40
0.50
T16E
Infill
261.00
262.29
629
1.29
0.81
478
4.10
0.30
T11
Test
ZKG0934
27.66
29.01
829
1.35
0.61
277
1.00
0.30
T16E
Infill
ZKG1241
50.60
50.95
810
0.35
0.30
283
2.70
0.90
T12
Test
ZKT1005
98.51
99.16
958
0.65
0.49
211
1.70
0.10
T1W2
Stepout
ZKT0821
4.14
4.57
953
0.43
0.21
545
1.10
0.30
T16E1
Test
ZKT0823
1.91
2.83
954
0.92
0.75
134
0.40
0.20
T16Branch
Test
ZKT1744
419.08
419.46
695
0.38
0.36
460
0.40
1.30
T15W
Test
ZKT06A21
25.67
28.21
944
2.54
1.70
146
0.70
0.30
T16E
Test
ZKT0822
60.56
61.50
994
0.94
0.76
179
0.60
0.10
T16E
Test
77.82
78.16
1004
0.34
0.27
237
0.80
0.10
T16
Test
ZKG0422
201.22
201.82
523
0.60
0.52
167
3.70
0.70
T11
Stepout
284.94
285.36
468
0.42
0.37
11
4.70
0.50
T11E
Stepout
ZKGA1411
154.20
154.49
772
0.29
0.11
108
0.40
0.60
T16W
Stepout
166.28
169.23
766
2.95
1.16
92
6.70
0.10
T14E
Infill
ZKL2602
80.76
81.58
904
0.82
0.51
199
1.70
0.10
T15W
Test
324.64
325.06
857
0.42
0.36
836
2.60
0.60
T22
Test
ZKT1021
60.77
61.67
938
0.90
0.38
105
0.30
0.10
T16E
Test
107.34
108.39
925
1.05
0.44
767
5.30
2.80
T16
Test
*Test: intersections in open areas without known mineralization for new resource delineation **Infill: intersections within known resource blocks for resource upgrade ***Stepout: intersections adjacent to existing resource blocks for resource expansion
Table 2: Selected mineralized zones exposed by drift tunneling at TLP and LME mines
Tunnel ID
Target Vein
Level (m)
Length (m)
True Width (m)
Ag (g/t)
Pb (%)
Zn (%)
TLP Mine
PD730-T1W2-765-11NYM
T1W2
765
25
0.63
140
0.65
0.23
PD1050-T3-1050-1SYM
T3
1050
95
1.01
101
1.56
0.12
PD800-T3E-800-35SNYM
T3E
800
115
0.85
255
5.75
0.45
PD1070-T4-1070-5NSYM
T4
1070
40
0.40
563
5.00
0.23
PD840-T5E1-840-13SYM
T5E1
840
35
0.34
263
5.11
10.00
PD820-T14-700-2NYM
T14
700
119
0.86
406
5.03
0.54
PD820-T16E-755-8NYM
T16
755
29
1.66
915
3.40
0.66
PD820-T16W-700-8SYM
T16W
700
38
0.62
1,207
6.36
1.03
PD846-T16E-846-4SYM
T16E
846
45
0.54
1,621
2.60
0.24
PD820-T16E-755-8NYM
T16E
755
55
0.30
130
1.51
0.25
PD820-T17-755-14NYM
T17W
755
60
0.40
263
2.13
0.22
PD930-T22-930-6NYM
T22
930
25
0.43
237
4.27
0.20
PD960-T27-960-14NSYM
T27
960
40
0.49
159
2.88
0.23
PD930-T33E-940-Sublevel-3NSYM
T33E
940
35
0.57
303
5.19
0.22
PD800-T33E-800-9NYM
T33E
800
25
0.39
244
2.68
0.59
LME Mine
PD838-LM3-700-58SYM
LM3
700
30
0.39
525
1.44
0.41
PD900-LM5-600-60NYM
LM5
600
50
1.23
375
1.50
0.35
PD900-LM5-500-52SNYM
LM5
500
60
0.58
443
1.11
0.19
PD900-LM5E-600-67SYM
LM5E
600
50
0.54
193
1.14
0.57
PD900-LM5E2-550-51NSYM
LM5E
550
75
1.07
595
2.29
0.78
PD900-LM5E1-560-53NS
LM5E1
560
25
0.89
594
1.08
0.30
Quality Control
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.
Channel samples are collected along sample lines perpendicular 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 rocks are cut with continuous chisel chipping. Sample length ranges from 0.2m to more than 1m, depending 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 accredited by the Quality and Technology Monitoring Bureau of Henan Province and is qualified to provide analytical service. The channel samples are dried, crushed and pulverized. A 200g sample of minus 160 mesh is prepared for assay. A duplicate sample of minus 1mm is made and kept at 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 the lab. Certified reference 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 program to ensure best practices in sample preparation and analysis of the exploration samples. Project geologists regularly insert CRM, field duplicates and blanks to each batch of core samples to monitor the sample preparation and analysis procedures at the labs. The 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.
Ruijin Jiang , P. Geo, reviewed the exploration data and prepared the scientific and technical information regarding exploration results contained herein. Alex Zhang , P. Geo, VP exploration of the Company, is the Qualified Person on the project as defined under National Instrument 43-101 and he has verified and approved the contents of this news release.
About Silvercorp
Silvercorp is a low-cost silver-producing Canadian mining company with multiple mines in China . The Company's vision is to deliver shareholder value by focusing on the acquisition of under developed projects with resource potential and the ability to grow organically. For more information, please visit our website at www.silvercorp.ca.
Certain of the statements and information in this press release constitute "forward-looking statements" within the meaning of the United States Private Securities 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 events or performance (often, but not always, using words or phrases such as "expects", "is expected", "anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends", "strategies", "targets", "goals", "forecasts", "objectives", "budgets", "schedules", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. Forward-looking statements or information relate to, among other things: the price of silver and other metals; the accuracy of mineral resource and mineral 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; estimated production from the Company's mines in the Ying Mining District; timing of receipt of permits and regulatory approvals; availability of funds from 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 subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks relating to: fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licenses; title to properties; 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 returns of future production; integration of future acquisitions into the Company's existing operations; competition; operations and political conditions; regulatory environment in China and Canada; environmental 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 Act; 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 statements or information. Forward-looking statements or information are statements about the future and are inherently uncertain, and actual achievements of the 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 Company's Annual Information Form for the year ended March 31, 2017 under the heading "Risk Factors". Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
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