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Silvercorp Metals (SVM) Reports High-Grade Intercepts at HPG Mine in Henan, China

Thursday, January 13, 2022 09:58 AM | Carl Pettit

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Silvercorp Metals (SVM) Reports High-Grade Intercepts at HPG Mine in Henan, China

On Jan. 12, 2022, Silvercorp Metals (SVM) reported high-grade intercepts “at the HPG mine and all other mines in the Ying Mining District, Henan Province, China.” As of 09:52 am EST today, SVM stock gained 0.54%, trading at $3.70 per share.

Ying Mining District Mines

Silvercorp Metals reported that extensive exploration drilling and tunneling — a total of 153 diamond drill holes, with 89 underground holes and 64 surface holes — from June 1 to December 31 2021 found gold-silver-lead-zinc intercepts. The firm intersected “1.64 meters true width grading 24.66 grams per ton gold, 56 grams per ton silver, 3.28% lead, and 2.12% zinc from vein H16” at its HPG Mine.

China Drilling Strategy

According to SVM, which is headquartered in Canada, its current drilling program strategy in Henan Province is threefold:

    1. Drill above or below the stopes (excavations) that were mined previously but were stopped “due to more variation in grades, thickness, and attitudes of the vein structures than previously modeled to easily obtain ore.”
    2. Drill for gold-silver -lead-zinc veins at higher elevations in the resource area closer to the surface and the southwest side to expand resources.
    3. Drill for a rhyolitic breccia dyke, which is mineralized with gold-silver-lead-zinc, and is exposed in the mining area.

Fundamental Score - 72

SVM has a Fundamental Rank of 72. Find out what this means to you and get the rest of the rankings on SVM!

Silvercorp Metals Inc is a mineral mining company. It acquires, explores, develops, and mines precious and base metal mineral properties at its producing mines and exploration and development projects in China. Its segments are Mining and Administrative. Its projects include Ying Mine, HPG Mine, TLP Mine, LM Mine in the Ying Mining District and BYP Gold- Lead-Zinc Mine among others.

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