#Silvercorp #Kyrgyzstan #Bishkek #Gold Project #Kyzyltash

Exploration Update: Silvercorp's Kyzyltash Gold Project

Silvercorp Metals Inc. is making waves in the mining industry with the announcement of impressive initial drill results from its fully-permitted Kyzyltash Sulfide Gold Project in Kyrgyzstan. The results are part of a broader drilling effort that aims to expand the resource base and convert inferred resources into indicated categories.

Project Overview

Located about 300 kilometers southwest of Kyrgyzstan's capital, Bishkek, the Kyzyltash Sulfide Gold Project falls under the 7 square kilometer mining license of ZAAV, a subsidiary of Silvercorp. The ongoing drilling program, which began with an ambitious goal of 50,000 to 60,000 meters, aims to investigate the potential of both oxide and sulfide deposits within this rich region.

The geology of the area is characterized by a mesozonal orogenic gold system, where mineralization occurs along northeast-southwest trending shear zones, primarily influenced by the Sandalash Fault Zone. This geological complexity has paved the way for significant gold exploration.

Recent Drill Highlights

The latest drilling data reveals a variety of high-grade gold intervals that demonstrate the potential of this project:

• - Drill hole DH26M687 reported a remarkable 212.5 meters of gold mineralization at an average grade of 1.68 grams per tonne. Notably, this hole intersected two new parallel structures beyond previously known gold zones, marking a significant discovery.
• - Drill hole DH26M686, positioned approximately 80 meters southwest of DH26M687, delivered outstanding results with a peak interval of 39 meters at 4.79 grams per tonne, which included an exciting sub-interval yielding 6 meters at 22.23 grams per tonne.
• - Further, DH26M818 showcased strategic step-out drilling in the central area, hitting three parallel structures with a standout 47 meters at an average of 3.95 grams per tonne.

In total, 29 drill holes were reported across a 3,640-meter strike length of the Main Zone, each delivering valuable data that persists to indicate untapped mineralization.

Operational Developments

As drilling progresses, the focus has shifted largely towards in-fill drilling to enhance the resource estimation accuracy. This shift is crucial for the forthcoming pre-feasibility study which is expected to clarify the commercial viability of the deposit.

Drilling operations are being conducted using ten active rigs, with additional capabilities in place to expedite assay result processing. Assurance of quality and safety during exploration is maintained through strict QA/QC measures.

Future Outlook

The findings from the Kyzyltash Sulfide Gold Project are encouraging for Silvercorp, solidifying its strategic positioning in the global mining sector. With promising drill results in hand, the company is committed to increasing shareholder value through sustained exploration efforts and potentially enhanced resource classifications.

Silvercorp continues to engage in responsible mining practices and adheres to ESG standards, aiming to balance economic growth with social responsibility.

In summary, Silvercorp's active engagement in the Kyzyltash project not only enhances its portfolio but also contributes meaningfully to the mining industry in Kyrgyzstan, promising a bright path forward in gold exploration.