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Silvercorp reports an Updated NI 43-101 Resource Estimate for the BYP Gold-Lead-Zinc Property in Hunan Province, China08.05.2019 | 22:05 Uhr | GlobeNewswire
VANCOUVER, May 08, 2019 - Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX / NYSE American: SVM) is pleased to report an updated National Instrument 43-101 Technical Report has been completed by RPMGlobal Asia Limited (“RPM”) on the Baiyunpu (“BYP”) gold-lead-zinc property in Hunan Province, People’s Republic of China (the “BYP NI 43-101 Technical Report”). The BYP NI 43-101 Technical Report, with an effective date of April 30, 2019, will be filed under the Company’s SEDAR profile at www.sedar.com within 45 days of this news release and on the Company’s website at www.silvercorp.ca. The 2012 NI 43-101 report on the BYP property was based on data effective 2011. The current report is based on an additional 22 diamond drill holes and 1,099 metres of channel samples from tunnels. The results of the mineral resource estimates for the three physically distinct areas (gold, lead & zinc, and overlap) of the BYP project, as extracted from the BYP NI 43-101 Technical Report prepared by RPM, are presented in Tables 1 and 2. A 1.6 g/t Au cut-off grade was used for the gold area in the report based on the following parameters for the project: the previous underground mining operations, its processing cost, and 120% of the Consensus Price forecasts for the product element as at January 2019.
Notes:
Mineral Resources estimated for the gold area include a total of 4.3 million tonnes grading 3.1 g/t Au in the Measured and Indicated categories, containing approximately 418,000 ounces of gold. The previous mining operation between 2011 and 2014 produced 221,000 tonnes of gold mineralized material at an average recovered grade of 3.56 g/t Au for approximately 25,335 ounces of recovered gold. Mineralization is open along strike and down dip for both the gold and lead-zinc areas. Qualified Persons About Silvercorp For further information CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS 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, 2018 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. The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information. Dieser Artikel stammt von Rohstoff-Welt.de
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