Silvercorp Updates Resource Estimate at Ying Property

Silvercorp Metals Inc. (TSX:SVM,NYSE:SVM) announced updated results of a technical report on its China-based Ying silver-lead-zinc property.

As quoted in the press release:

Defined mineral reserves of 9.79 million tonnes in the Proven and Probable categories grading 251 g/t Ag, 0.06 g/t Au, 4.05% Pb, and 1.40% Zn, containing 78.89 million oz silver, 18,900 oz gold, 396,300 tonnes lead, and 137,200 tonnes zinc. In comparison with the 2011 Technical Reports, contained silver in Proven and Probable Reserves is up 36% whereas the silver grade is reduced by 8%.

Click here for the Silvercorp Metals Inc. (TSX:SVM) press release.