#China #Silvercorp Metals #LMW Mine #Henan Province

Silvercorp Metals' Assay Results from LMW Mine in China

Silvercorp Metals Inc. has announced promising assay results from its ongoing diamond drilling program at the LMW underground mine, located within the Ying Mining District in Henan Province, China. The company reported several high-grade interceptions, indicating the mineral potential and viability of the mining operation.

Overview of the LMW Mine

The LMW Mine is one of seven underground mines operated by Silvercorp in the Ying district. Recent drilling efforts at LMW have focused on identifying high-grade low-angle veins. The results have shown some impressive mineralization, particularly highlighting gold and copper grades that could significantly enhance the project's overall value.

Significant Assay Highlights

Among the highlights, one of the most striking results includes a drill hole (ZKX1019) that intercepted 34 grams per tonne (g/t) gold, along with 31 g/t silver and an impressive 4.45% copper over a 0.82-meter interval of vein LM28 at an elevation of 1,019 meters.

Additionally, the assays from various other drill holes have yielded remarkable results:

• - Silver-Lead Intercepts: Hole ZKX1613 intersected 2,705 g/t silver and 0.67% lead over an 18.02-meter interval from the W18W vein, showcasing significant silver mineralization.
• - Further Gold Findings: Hole ZKX03X151 reported 29 g/t gold and 30 g/t silver over a 1.11-meter interval of vein LM50, further confirming LMW's rich mineral profile.

These high-grade intercepts not only enhance the mine's credibility but also create substantial optimism for future exploration and production.

Exploration Depth and Drilling Strategy

The company's recent exploration drill program has achieved significant depths, reporting over 78,980 meters across 678 holes from June 2023 to November 2024. Notably, the drilling program was strategically segmented to focus on:
1. W Zone Exploration: Expanding the high-grade Ag-Pb and low-angle Au-Ag-Cu veins, validating positive assays at elevations from 900 meters up to the surface at 1,250 meters.
2. Au Zone Development: Targeting low-angle gold and silver-rich veins, further confirming continuity in newly defined vein structures.
3. E Zone and P Zone Enhancements: Continuous infill drilling aiming to delineate existing high-grade silver-lead veins, alongside previously identified Ag-Pb-Zn mineralized areas.

This extensive drilling approach reflects the company's commitment to maximizing the potential of its resources and optimizing extraction strategies.

Future Implications and Company Commitments

As Silvercorp pursues ongoing exploration efforts, findings such as these support its strategic goals towards enhancing shareholder value through sustainable mining practices. The focus remains on increasing free cash flow from long-life mines, complemented by modular growth through robust drilling programs and potential mergers and acquisitions.

The management's steadfast dedication to responsible mining and adherence to environmental, social, and governance (ESG) criteria underline Silvercorp's long-term viability and commitment to community impact.

With these successful drilling results from the LMW Mine, Silvercorp Metals Inc. solidifies its position as a competitive player within the mining sector, optimistic about moving into the next phases of exploration and production.

For further updates and detailed reports, the company encourages the public to stay tuned to their official communications and announcements.