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Stock impact report

Silvercorp Won Auction To Acquire the Zhonghe Silver Project in Luoning County, Henan Province, China

Silvercorp Metals Inc. Common Shares (SVM) 
US:NYSE Investor Relations: silvercorpmetals.com/investors
Company Research Source: GlobeNewswire
VANCOUVER, British Columbia, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Silvercorp Metals Inc. ("Silvercorp” or the “Company”) (TSX/NYSE American: SVM) announces that its subsidiary, Henan Found Mining Co. Ltd. (“Henan Found”), won an online auction to acquire the exploration rights to the Zhonghe Silver Project (the “Zhonghe Project”) from the Henan provincial government. The auction was held on December 17, 2020 and following a public comment period, the Company received confirmation of its successful bid. The Zhonghe Project covers an area of 4.96 square kilometres (“km”) approximately 50 km (75 km by road) northeast of Silvercorp’s Ying Mining District, also located in Luoning County. Silver-lead-zinc mineralization at the Zhonghe Project is similar to that found at the SGX Mine in the Ying Mining District (i.e., massive galena lenses in structural veins). Highlights of selected drill intercepts include: Hole ZK2602 intercepted 3.55 metres (“m”) from 145.53 m grading 876 grams Show less Read more
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