MAXIMISING OPPORTUNITIES AT YING
SILVERCORP METALS INC
192
“ Mines are depleting assets but , despite the years of production , recent drilling results brought our inventory at Ying , in terms of reserves , back up to roughly the same level as in 2016 , with a renewed 20-year mine life ”
— Lon Shaver , Vice President , Silvercorp
“ The Ying Mining District was wellknown for having high-grade mineralization at surface ,” recalls Silvercorp ’ s Vice President Lon Shaver . “ But , until Dr . Feng assessed its potential , nobody had ever really cracked the code to determine how to address what were effectively nest-like swarms of ore bodies with many narrow , very highgrade veins . Silvercorp brought a new perspective to the project in terms of how to explore and delineate enough material , in substance and size , to begin a profitable , sustainable operation . And that ’ s what the Ying project was founded upon .”
MAXIMISING OPPORTUNITIES AT YING
A joint venture was originally established at Ying in 2003 by Silvercorp making a $ 5m investment to kickstart operations . The mines across the property have remained selffunded ever since through operations that have delivered profits of $ 480m to shareholders . A recently-published technical report , completed by AMC Consultants ( AMC ) in 2020 , highlights a bright future for the mining of silver , gold , lead and zinc at the
FEBRUARY 2021