SILVERCORP RECEIVES ENVIRONMENTAL PERMIT FOR THE GC PROJECT, GUANGDONG PROVINCE, CHINA
VANCOUVER, British Columbia � June 14, 2010 � Silvercorp Metals Inc. (�Silvercorp� or the �Company�) is pleased to report that it has been issued an Environmental Permit for the GC Silver-Lead-Zinc Project from the Department of Environmental Protection of Guangdong Province, an essential document required for a mining permit application.
Silvercorp will immediately submit a formal application for a mining permit to the Ministry of Land and Resources (MOLAR) in Beijing. MOLAR is required to make a decision on the granting of a full mining permit within 45 to 60 business days of receipt of the application if all support documents are deemed satisfactory.
Once a full mine permit is granted, Silvercorp plans to commence construction of a 1,500 tonne-per-day mine and mill operation.
For more information on the GC project, please visit Silvercorp�s website at www.silvercorp.ca.
About Silvercorp Metals Inc.
Silvercorp Metals Inc. is engaged in the acquisition, exploration, development and mining of high-grade silver-related mineral properties in China and Canada. Silvercorp is the largest primary silver producer in China through the operation and development of four silver-lead-zinc mines at the highly profitable Ying Mining Camp in the Henan Province of China. The Company is also applying for a mining permit at the GC property in the Guangdong Province to establish a second base for production in China. Additionally, Silvercorp recently acquired the Silvertip project in northern British Columbia, Canada, as an additional platform for growth and geographic diversification. The Company�s shares are traded on the New York Stock Exchange and Toronto Stock Exchange and are included as a component of the S&P/TSX Composite and the S&P/TSX Global Mining Indexes.
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