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LM Mine
LM Mine
Country
China
Province
Henan
Close to
Zhenzhou
Status
MINE DEVELOPMENT
Latitude / Longitude
34 N 08 / 111 E 17
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Risk and valuation analysis of the LM Mine
Status Risk : Mine development
Country Risk : Important
Title(s) of the LM Mine
Silvercorp Metals Inc.
Owner: 70%
Title
Company Profile
All Projects
Company website
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The HPG Project is 100% owned by Henan Huawei Mining Co. Ltd., a sino-foreign cooperative JV company owned 70% by Silvercorp (through a wholly owned Chinese subsidiary) and 30% by Luoning Huatai Mining Development Co. Ltd. (a private company). The cost to acquire the mine was approximately US$6.85-million.
Location of the LM Mine
Located directly southeast of the Ying mine (240 km southwest of Zhenzhou, the capital city of Henan Province in central China), the LM mine operates under a mining permit covering an area of 3.07 km2.
History of the LM Mine
Mining and exploration activities began in 2005 and the LM mine was producing approx. 300 tonnes of ores per day by 2007. No resource was estimated as the previous operator was only interested in mining any ore shoots found along the veins. Most mi
more...
Geology of the LM Mine
The LM mining permit area is underlain by a highly metamorphosed basement of Archean-aged mafic to felsic gneisses, similar to the Ying and HPG project areas. At least 8 mineralized vein structures have been identified and mapped in the LM area to da
more...
Resources targeted of the LM Mine
Silver -
Exploration and drilling
2/13/2012
Reports 4.34 metre interception (true width) of 642 gram per...
Discoveries and Drilling Results
1/26/2012
Reports Intercept of 7.39 Meters Grading 678 Grams per tonne...
1/26/2012
Reports Intercept of 7.39 Meters Grading 678 Grams Per Tonne...
1/10/2011
Underground drilling Intercepts 4.13 meters of 671 Grams per...
Location
Data last updated on : 10/23/2008
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