Silvercorp Announces Mineral Resource Estimates On Silvertip Silver-Lead-Zinc Property In BC

Silvercorp Metals Inc (TSXV:SVM) reported the results of an National Instrument 43-101 Technical Report on the Silvertip silver-lead-zinc property in Northern British Columbia. Geological information and analytical results were gathered from 246 surface drill holes and 270 underground drill holes, and sampling and mapping information was collected from 2,400 metres of underground tunneling, in order to examine a ‘manto’ style deposit of silver, lead, and zinc hosted in the limestone.

As stated in the press release:

Mineral Resource Estimates for the Silvertip Lower Zone (manto) deposit are based on a cut-off grade of 325 g/t silver equivalent (AgEq) and the Upper Zone (exhalite) deposit are based on a cut-off grade of 25 $/t. Different cut-off grades were selected for each deposit based on the Lower Zone being extracted from underground and the Upper Zone being extracted from surface.

The following Indicated and Inferred Resources were estimated in the Silvertip 2012 Technical Report:

Lower Zone – A total of 2.46 million tonnes grading 315 grams per tonne (g/t) silver (Ag), 5.88% lead (Pb), 6.26% zinc (Zn) and 0.41 g/t gold (Au) of Indicated Resources and 1.65 million tonnes grading 281 g/t Ag, 4.55% Pb, 5.64% Zn and 0.09 g/t Au of Inferred Resources; and

Upper Zone – A total of 3.64 million tonnes grading 39 g/t Ag, 0.65% Pb and 2.36% Zn of Inferred Resources.

Click here to read the full press release.