Silvercorp Metals Inc. press release

Canada Silver Cobalt Works work at Castle Mine property shows 3.2 grams per tonne gold on surface

2023-07-24

TSX - Toronto Stock Exchange · Silver · Gold · Lead · Zinc · Copper · Canada · Drill Results

--News Direct--

Canada Silver Cobalt Works President and COO Matt Halliday joined Steve Darling from Proactive to share news about the company's prospecting activities in the Miller Lake area at the Castle Mine property.

The results so far have been very encouraging, with the most significant discoveries revealing multiple samples above 1 gram per tonne (g/t) gold and ranging up to 3.2 g/t gold at the surface.

Halliday informed Proactive that grab samples over a three-day gold assay turnaround were systematically taken over the stripping area. Now, the company plans to do channel samples to model some widths and incorporate this mapping into their geological database. The channel sampling will provide additional data to better understand the mineralization potential in the area.

The results from the prospecting activities have been highly promising, and Canada Silver Cobalt Works is keen to continue their exploration efforts in the Miller Lake area. The next steps involve channel sampling and further data collection, which will contribute to the comprehensive understanding of the mineralization potential at the Castle Mine property. These findings represent significant progress for the company and contribute to their exploration and development strategy in the region.

Contact Details

Proactive Canada

+1 604-688-8158

na-editorial@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/canada-silver-cobalt-works-work-at-castle-mine-property-shows-3-2-grams-per-tonne-gold-on-surface-398970412