Silvercorp Metals Inc Achieves High Grade Lodes In And Over Production Areas With Exploration Drilling At SGX Mine


SGX Mine is one of six underground mines in Ying Metal Miner’s Flagship Complex

() (NYSEAMERICAN: SVM) (FRA: S9Y) reported encouraging exploration drilling results from its SGX mine in China, which encountered high-grade veins in and over current production areas.

SGX Mine is one of six underground mines in the Ying Metals Mine Flagship Complex. Exploration drilling and tunneling are currently underway at all mines.

From October 1 of last year to June 30 of this year, 298 diamond drill holes were drilled at SGX over 48,867 meters (m). This included 242 underground holes and 56 surface holes and assays for 254 holes were received, of which 166 reached mineralization. Currently, 20 rigs are being drilled at the mine.

READ: Silvercorp Metals says latest drill confirms potential for high-grade mineralization off-resources at LME mine

The main assays of the SGX mine production area included a 1.25 m (1.25 m true width) interval of S16W seam grading 141 grams per tonne (g / t) silver, 1.86% lead, 0.63% zinc, 24.28 g / t gold and 0.02% copper at 321 m altitude.

Surface drilling on the north and northeast sides of the resource area included results of an interval of 1.10 m from 107.51 m deep (0.69 m true width) of the S75 vein grading 8 g / t silver, 0.22% lead, 0.33% zinc, 4.97 g / t gold and 0.01% copper at an altitude of 699 m.

In addition to drilling, 11,958 m of exploration drifts were built at the SGX mine during the period.

Highlights included a tunnel, which exposed mineralization 30 m long and 1.02 m wide (actual width) grading 961 g / t silver, 19.71% lead and 5.13% zinc in the S37W vein at the 520 m level.

“Detailed drilling of blocks of known silver-lead-zinc and gold veins in and over production areas of the SGX mine intersected high-grade veins,” Silvercorp said in the release.

“These mineralized occurrences were previously missed due to limited drilling and tunnels, changes in directions and dips, and / or pinch-off swelling of pay zones in the veins. The company expects these finds may be quickly converted into reserves and operated with existing underground works. “

Silvercorp describes itself as a profitable Canadian mining company, producing silver, lead and zinc in concentrates from mines in China.

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