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Silvercorp Plans to Build a New 3,000 Tonne Per Day Mill and Associated Tailings Storage Facility for the Ying Mining District
Silvercorp Plans to Build a New 3,000 Tonne Per Day Mill and Associated Tailings Storage ...
About this update from Silvercorp Metals Inc.
[{"type":"text","content":"\n \n \n \n Silvercorp Plans to Build a New 3,000 Tonne Per Day Mill and Associated Tailings Storage Facility for the Ying Mining District\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Trading Symbol\n \n \n \n TSX:\n \n \n SVM\n \n \n \n NYSE AMERICAN: SVM\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 16, 2021\n \n /CNW/ - Silvercorp Metals Inc. (\"Silvercorp\" or the \"Company\") (TSX: SVM) (NYSE American: SVM) reports that the Company, through its 77.5% owned subsidiary, Henan Found Mining Co. Ltd., has initiated a process to construct a new 3,000 tonne per day flotation mill and tailings storage facility (\"TSF\") adjacent to the existing No. 2 mill, currently operating at the Ying Mining District,\n \n Henan Province\n \n ,\n \n China\n \n .\n \n \n \n \n \n \n \n \n \n According to regulations, the approval process requires: i) a construction proposal and plan for new development projects to be filed with the Development and Reform Commission of Luoyang City (filed by the Company); ii) a completed Environmental Assessment Report to be filed with the Environmental Protection Authority of Luoyang City; and iii) a completed Safety Assessment report to be filed with the Work Safety Authority of Luoyang City.\n \n \n The Company has also applied for the re-zoning of the land usage with the County government and has begun negotiations for a long-term lease or acquisition of land.  An engineering firm has been engaged to complete approximately 100 foundation engineering drill holes for the area covering the TSF.  The Company has signed design contracts with Changchun Gold Design Institute Co. Ltd., a recognized Chinese engineering firm, to design the mill and the TSF. The firm was founded in 1958 and has designed well over 1,400 gold and base metals mines, mills, and TSFs over its history.\n \n \n The preliminary construction budget, including the land usage rights, is estimated to be approximately\n \n US$25 million\n \n for the mill and\n \n US$38 million\n \n for the TSF.  The new mill will be ...