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Silvercorp Won Auction To Acquire the Zhonghe Silver Project in Luoning County, Henan Province, .
Silvercorp Metals IncJanuary 21, 2021 GMT
VANCOUVER, British Columbia, Jan. 21, 2021 (GLOBE NEWSWIRE) Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE American: SVM) announces that its subsidiary, Henan Found Mining Co. Ltd. (“Henan Found”), won an online auction to acquire the exploration rights to the Zhonghe Silver Project (the “Zhonghe Project”) from the Henan provincial government. The auction was held on December 17, 2020 and following a public comment period, the Company received confirmation of its successful bid. The Zhonghe Project covers an area of 4.96 square kilometres (“km”) approximately 50 km (75 km by road) northeast of Silvercorp’s Ying Mining District, also located in Luoning County.
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VANCOUVER, British Columbia, Jan. 21, 2021 (GLOBE NEWSWIRE) Silvercorp Metals Inc. ( Silvercorp or the Company ) (NYSE:SVM) announces that its subsidiary, Henan Found Mining Co. Ltd. ( Henan Found ), won an online auction to acquire the exploration rights to the Zhonghe Silver Project (the Zhonghe Project ) from the Henan provincial government. The auction was held on December 17, 2020 and following a public comment period, the Company received confirmation of its successful bid. The Zhonghe Project covers an area of 4.96 square kilometres ( km ) approximately 50 km (75 km by road) northeast of Silvercorp s Ying Mining District, also located in Luoning County.
Silver-lead-zinc mineralization at the Zhonghe Project is similar to that found at the SGX Mine in the Ying Mining District (i.e., massive galena lenses in structural veins). Highlights of selected drill intercepts include:
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VANCOUVER, British Columbia, Jan. 05, 2021 (GLOBE NEWSWIRE) Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE American: SVM) is pleased to report assay results from its 2020 exploration program at the HPG mine, Ying Mining District, Henan Province, China. In total, 13,515 metres (“m”) from 150 diamond drill holes, including 129 underground holes and 21 surface holes, have been completed from July 1, 2019 to October 31, 2020. Assay results for 140 holes have been received, with 69 holes intercepting mineralization. Nine rigs have been drilling at the HPG mine since July 2020. In addition to infill drill holes targeting areas of known sub-vertical silver-lead-zinc-gold veins previously believed to be uneconomic, the program discovered vein structures with relatively high gold, low silver-lead-zinc grade mineralization, such as:
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