Silvercorp Metals Inc reported that the Company, through its 77.5% owned subsidiary, Henan Found Mining Co Ltd, has initiated a process to construct a new 3,000 tonne per day flotation mill and tailings storage facility adjacent to the existing No. 2 mill, currently operating at the Ying Mining District in Henan Province of China. According to regulations, the approval process requires: i) a construction proposal and plan for new development projects to be filed with the Development and Reform Commission of Luoyang City (filed by the Companyii) a completed Environmental Assessment Report to be filed with the Environmental Protection Authority of Luoyang City iii) a completed Safety Assessment report to be filed with the Work Safety Authority of Luoyang CityThe Company has also applied for the re-zoning of the land usage with the County government and has begun negotiations for a long-term lease or acquisition of land. An engineering firm has been engaged to complete approximately 100 foundation engineering drill holes for the area covering the TSF. The Company has signed design contracts with Changchun Gold Design Institute Co. Ltd., a recognized Chinese engineering firm, to design the mill and the TSF. The firm was founded in 1958 and has designed well over 1,400 gold and base metals mines, mills, and TSFs over its history.Silvercorp is a profitable Canadian mining company producing silver, lead, and zinc metals in concentrates from mines in China.
Silvercorp Metals Inc reported that the Company, through its 77.5% owned subsidiary, Henan Found Mining Co Ltd, has initiated a process to construct a new 3,000 tonne per day flotation mill and tailings storage facility adjacent to the existing No. 2 mill, currently operating at the Ying Mining District in Henan Province of China. According to regulations, the approval process requires: i) a construction proposal and plan for new development projects to be filed with the Development and Reform Commission of Luoyang City (filed by the Companyii) a completed Environmental Assessment Report to be filed with the Environmental Protection Authority of Luoyang City iii) a completed Safety Assessment report to be filed with the Work Safety Authority of Luoyang CityThe Company has also applied for the re-zoning of the land usage with the County government and has begun negotiations for a long-term lease or acquisition of land. An engineering firm has been engaged to complete approximately 100 foundation engineering drill holes for the area covering the TSF. The Company has signed design contracts with Changchun Gold Design Institute Co. Ltd., a recognized Chinese engineering firm, to design the mill and the TSF. The firm was founded in 1958 and has designed well over 1,400 gold and base metals mines, mills, and TSFs over its history.Silvercorp is a profitable Canadian mining company producing silver, lead, and zinc metals in concentrates from mines in China.
