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Silvercorp Metals Inc. reports the results of a National Instrument 43-101 Technical Report dated June 15, 2011 by Randal Cullen, P. Geo. (Qualified Person) on the BYP gold-lead-zinc project in Hunan Province, China.
The Resource Report presents the resource estimates for the gold, lead, and zinc metals at the BYP Project and is available for review on the SEDAR system and on the Company's website at www.silvercorpmetals.com. The 2011 Resource Report estimates that the Indicated category resource is 225,400 ounces of gold and the Inferred category resource includes an additional 208,000 ounces of gold, 111,272 tonnes of lead and 283,964 tonnes of zinc, It is based on historical exploration data and the Company's recent underground channel sampling program. The 2011 Resource Report, however, did not include the significant underground drill results released by the Company on May 5, 2011. The historical geological report on the property was completed by a Chinese government geological team of Hunan Province in 1992, based on 36,151 m of diamond drilling in 105 holes. The historical geological report defined 5.44 million tonnes of gold mineral resources grading 2.76 g/t Au, containing 482,000 ounces of in situ gold, and 3.12 million tonnes of "higher grade" lead and zinc mineral resources grading 2.45% Pb and 5.26% Zn, containing 76,400 tonnes of lead and 164,112 tonnes of zinc. Silvercorp is not treating the historical estimates as current mineral resources and the historical estimate should not be relied upon. More information, click here. |
