2010
Silvercorp Submits Mining Permit Application For The GC Project, Guangdong Province, China
Once the GC mining permit is granted, Silvercorp plans to commence construction of a 1,500 tonne-per-day mine and mill operation as the full mine and mill designs for the GC project are close to completion. With the support of local government, Silvercorp is also in the process of purchasing and leasing land used for the project, having discussions with a utility company regarding power supply and related facilities, and reviewing contractors’ proposals for mine and mill construction.
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
For further information: SILVERCORP METALS INC., Rui Feng, Chairman & CEO and Lorne Waldman, Corporate Secretary, Phone: (604) 669-9397, Fax: (604) 669-9387, Toll Free 1(888) 224-1881, E-mail: investor@silvercorp.ca, Website: www.silvercorp.ca.
CAUTIONARY DISCLAIMER -- FORWARD LOOKING STATEMENTS
Statements in this press release other than purely historical factual information, including statements relating to permitting, construction start times, and others are forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s business. There can be no assurance that such forward-looking statements, including those in the outlook section, will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. Except in accordance with applicable securities laws, the Company expressly disclaims any obligation to update any forward-looking statements or forward-looking statements that are incorporated by reference herein.