Silvercorp Metals Reported High-Grade Gold-Silver-Lead-Zinc Intercepts From Its Ongoing Diamond Drilling Program At The HPG Mine In The Ying Mining District, China
Portfolio Pulse from Benzinga Newsdesk
Silvercorp Metals has reported significant gold-silver-lead-zinc intercepts from its diamond drilling program at the HPG Mine in China. Between January 1, 2022, and November 15, 2023, 297 drill holes totaling 45,046 meters were completed, with 139 holes intercepting mineralization. Assay results for 270 holes have been received, and drilling continues with 8 rigs.
December 22, 2023 | 6:45 am
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Silvercorp Metals' successful drilling results at the HPG Mine could indicate significant potential for resource expansion, which may positively impact investor sentiment and the stock price in the short term.
The positive drilling results suggest that Silvercorp Metals is successfully expanding its mineral resources, which is typically viewed favorably by investors. The news of high-grade intercepts could lead to increased investor confidence in the company's asset value and future production potential, potentially driving the stock price up in the short term.
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IMPORTANCE 80
RELEVANCE 100