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Silvercorp Metals Provides China Update; Lost 10%, Hit Yr Lows Monday

Silvercorp Metals Inc. (SVM.TO, SVM), which lost 10% and hit year lows Monday, reported the results from its 2012 underground diamond drilling and tunneling exploration programs for the second half of 2012 at the TLP mine, Ying Mining District, Henan Province, China. Highlights of selected intercepts in drill holes include: Hole ZKT0331 intercepted an interval of 1.91 metres, 1.28m true width of vein T33 grading 1,669 grams per tonne silver, 0.82% lead and 0.29% zinc at the 877m elevation; and an interval of 1.11m, 0.74m true width of vein T33E grading 115 g/t Ag, 0.46% Pb and 0.03% Zn at the 771m elevation; Hole ZKT1731 intercepted an interval of 1.54m, 1.19m true width of vein T33E grading 1,016 g/t Ag, 5.48% Pb and 0.80% Zn at the 922m elevation.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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