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Silvercorp Metals Extends Known Gold Veins and Discovers New Gold Vein Structures at the DCG Mine
VANCOUVER, BC, Oct. 12, 2021 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to report results from it
About this update from Silvercorp Metals Inc.
[{"type":"text","content":" VANCOUVER, BC, Oct. 12, 2021 /CNW/ - Silvercorp Metals Inc. (\"Silvercorp\" or the \"Company\") (TSX: SVM) (NYSE American: SVM) is pleased to report results from its exploration programs at the DCG mine. Extensive exploration drilling and tunneling are ongoing at the DCG mine, and all other mines at the Ying Mining District, Henan Province, China. From March 1, 2020 to September 30, 2021, 29,010 metres (\"m\") from a total of 207 diamond drill holes, including 117 underground holes and 90 surface holes, were completed at the DCG mine. Assay results for 164 holes have been received, with 110 holes intercepting mineralization. Currently there are six rigs drilling at the DCG mine. The drilling program has been focused on three targets: 1) definition and step-out drilling for known gold vein C9 to the east of the resource area; 2) drilling for new gold veins to the east of the resource area; and 3) infill drilling for known silver-lead-zinc veins in the resource area. Drilling Defined Gold Vein C9 for 850 Metres in Length C9 is a gold vein striking north-northwest, with a dip varying between 30° and 50° to the East. It is associated with quartz and sericite alteration, and minor K-feldspar alteration, with disseminated pyrite and some overprinted galena and sphalerite. The thickness of the vein ranges between 0.5 m and 6 m. Historically, there are only two drill holes which have intersected the C9 vein. However, during the 2020-2021 drilling program, 67 holes were drilled to define the C9 vein along a strike length of approximately 850 m, and over 150 m down-dip. The vein is still open laterally along strike and at depth. The drilling also intersected additional splay and parallel gold veins, including C9_1, C9_1E, C9E, C9W, and C9a. Drilling Discovered Gold Vein C76 The newly discovered gold vein C76 is controlled by a fault striking approximately 225° and dipping 40°-50° to the northwest. The vein pinches-and-swells, with horizontal thickness ranging from 0.5 m to over 10 m. The gold mineralization is associated with dark gray quartz alteration, disseminated fine-grained pyrite, and black gouge with minor galena and sphalerite. This structure intersects vein C9 with sinistral apparent displacement of around 35 m. The drilling also discovered additional splay and parallel gold veins, including C76W, C77 and C77E. Underg...