SILVERCORP METALS INC . to define higher grades and prioritise those grades during the mine ’ s life ,” adds Shaver . “ This of course brings the production to a higher level in the earlier years , which contributes more when calculating our net present value . Recent drilling appears to have identified zones of traditional mineralization , with high grades and close to existing infrastructure , but also potentially a different type of mineralization that was the source of anomalous gold results from drilling that occurred in the past .”
Silvercorp ’ s recent technical report also introduced the potential for a seventh mining unit and the current Ying operations have excess mill capacity . “ Right now , the existing six mines are operating at sustainable production rates ,” explains Shaver . “ We don ’ t really want to push them for much higher tonnage , if anything we ’ re looking at creating opportunities for higher quality tonnage out of those mines , and pursuing the development of a seventh mining area , the DCG Project ( which would be the first mine on the
YING 2020 TECHNICAL REPORTS – HIGHLIGHTS
Effectively replacing reserves since the last report in 2017 , the latest technical report ( carried out by AMC Consultants ) re-confirms a 20-year mine life at Silvercorp ’ s flagship operation and shows :
• 18 % Increase in Measured and Indicated Silver Resources .
• 4 % Increase in Proven and Probable Silver Reserves , on Top of 21 Million Ounces of Silver Produced between June 2016 and December 2019 at the Ying Silverlead-zinc Mining District .
• In comparison with the 2017 Technical Report , Inferred Resource tonnes have increased by 78 %, and contained metal has increased by 42 % for silver , 38 % for lead , 32 % for zinc and 450 % for gold .
“The Ying Technical Report has further confirmed our ability to define higher grades and prioritise those grades during the mine life ”
LON SHAVER VICE PRESIDENT , SILVERCORP
DID YOU KNOW ...
Significant aspects of comparison of Mineral Reserve estimates between June 2016 ( previous Technical Report ) and December 2019 ( Ying 2020 Technical Report ):
• Increase in total Ying Mineral Reserve silver , lead , and zinc grades of 7 %, 2 %, and 11 % respectively .
• Increase in total Ying Mineral Reserve metal content for silver and zinc of 4 % and 8 % respectively ; 1 % decrease in total lead content .
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