Resource Estimate For BYP Property In Hunan Province, China

VANCOUVER, BC - Silvercorp Metals Inc. reported an updated National Instrument 43-101 Technical Report has been completed by RPMGlobal Asia Limited (RPM) on the Baiyunpu (BYP) gold-lead-zinc property in Hunan Province, People’s Republic of China.  

The 2012 NI 43-101 report on the BYP property was based on data effective 2011.  The current report is based on an additional 22 diamond drill holes and 1,099 meters of channel samples from tunnels. The results of the mineral resource estimates for the three physically distinct areas (gold, lead & zinc, and overlap) of the BYP project, as extracted from the BYP NI 43-101 Technical Report prepared by RPM. A 1.6 g/t Au cut-off grade was used for the gold area in the report based on the following parameters for the project: the previous underground mining operations, its processing cost, and 120% of the Consensus Price forecasts for the product element in January.

Mineral Resources estimated for the gold area include a total of 4.3 million tonnes grading 3.1 g/t Au in the Measured and Indicated categories, containing approximately 418,000 ounces of gold.  The previous mining operation between 2011 and 2014 produced 221,000 tonnes of gold mineralized material at an average recovered grade of 3.56 g/t Au for approximately 25,335 ounces of recovered gold.