Silvercorp Reports Proven & Probable Reserves Estimate At Ying Mining District, Henan Province, China
VANCOUVER, British Columbia � March 1, 2010 � Silvercorp Metals Inc. (the �Company�) is pleased to report the results of a new Technical Report updating the resources and reserves at its silver-lead-zinc projects in the Ying Mining District in Henan Province, China. The report is the first to establish Proven and Probable reserves at the district of 63.4 million ounces of silver, 384,837 tonnes of lead and 117,559 tonnes of zinc. Inclusive of the mineral reserves, the updated in-situ mineral resource estimate at the district is 69.0 million ounces of silver, 419,332 tonnes of lead and 128,038 tonnes of zinc in the Measured & Indicated categories and an additional 87.7 million ounces of silver, 585,404 tonnes of lead and 185,238 tonnes of zinc in the Inferred category.
The National Instrument (�NI�) 43-101 Technical Update Report dated February 26, 2010 (the "Resource and Reserve Report�) was prepared by Chris Broili, C.P. Geo. & L.P. Geo., and Mel Klohn, L.P. Geo., of BK Exploration Associates (both independent Qualified Persons); and Wenchang Ni, P.Eng., a Qualified Person and the engineer responsible for the reserve calculation. The Resource and Reserve Report will be made available for review on the SEDAR system and on the Company�s website at www.silvercorp.ca.
To read the complete news release, please see our web site at http://silvercorpmetals.com/_resources/news/10-03-01-Ying-Reserve-Resource.pdf