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Gold/Mining/Energy : Silvercorp Metals Inc.

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From: qfactors	1/31/2012 12:55:29 PM
	of 4

Silvercorp Announces Positive Pre-Feasibility Study for the GC Silver-Lead-Zinc Project in Guangdong Province, China VANCOUVER, BRITISH COLUMBIA, Jan 31, 2012 (MARKETWIRE via COMTEX) -- Silvercorp Metals Inc. ("Silvercorp" or the "Company") CA:SVM +0.61% SVM -0.04% is pleased to announce it has received a positive Pre-Feasibility Study ("PFS") for its 95%-owned GC Project in Guangdong Province, China. The PFS was prepared by independent consulting firm AMC Mining Consultants (Canada) Ltd. ("AMC"). "The Company has already commenced construction at the GC Project and initial production is expected to commence in the 3rd quarter of calendar year 2012," said Rui Feng, Silvercorp's Chairman & CEO. "We are pleased that Proven and Probable Reserves at the GC Project have been established for the first time, and the PFS also reconfirms the project's robust economics." More at MarketWire : marketwatch.com

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