SILVER/LEAD RESOURCES – In-situ grades approach concentrate levels

CHINA - In-situ grades at its Ying silver/lead project in Henan Province are so high as to be equivalent to concentrate grades, says Vancouver-based SILVERCORP METALS. The latest estimate of measured and indicated resources grades put them at 1,393 g/t Ag, 32.76% Pb and 9.99% Zn. Silver and zinc grades this high are usually found only in concentrates after expensive milling.

The grades reported for the measured and indicated resource apply to 420,453 tonnes of material in the deposit. There is an additional inferred resource of 495,205 tonnes grading 1,539 g/t Ag, 35.01% Pb and 9.56% Zn. In total there may be as many as 43 million oz of silver in the Ying mineralization.

Silvercorp has changed its name from SKN Resources on May 2, 2005. Visit its website at www.Silvercorp.ca to see the newly-posted tunnel plan map and sections from the Ying project.