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Silvercorp unveils underground mining plan for Condor

Silvercorp Metals Inc. has detailed its strategy to develop the Condor Gold Project in southern Ecuador as a high-grade underground mine, based in Vancouver, British Columbia. 

The project encompasses deposits like Camp and Los Cuyes and seeks to uncover higher-grade mineralisation discovered in earlier drilling. This presents substantial opportunities through focused selective mining efforts.

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Historical drilling results detail the project’s potential, revealing high-grade intervals such as 44.16 grams per tonne (g/t) of gold over 4.5 meters at the Enma deposit and 8.98 g/t over 16.7 meters at Los Cuyes. After an extensive review, Silvercorp has pinpointed sub-vertical vein and rhyolitic dyke structures as the main hosts for high-grade gold. This discovery has significantly influenced the company’s strategic development approach.

Comprehensive development plan

Silvercorp’s multi-phase plan focuses on studies, tunneling, and advanced drilling to optimize resource definition and operational feasibility:

• Resource Studies and Permits: Re-estimation of mineral resources with an underground emphasis, securing community agreements, and obtaining government permits to proceed with exploratory tunneling.
• Exploration Tunnels: Construction of access tunnels at multiple elevations to verify high-grade zones and enhance geological understanding through underground drilling.
• Targeted Drilling: Infill and step-out drilling will improve resource continuity, while exploration will investigate promising areas between deposits such as Camp, Soledad, and Los Cuyes.
• Construction Readiness: Feasibility studies and permitting for key infrastructure, including a processing plant and tailings facility, will prepare the project for future construction.

Silvercorp is focused on enhancing the Condor Project’s resource base by investigating further high-grade areas and utilising advanced data for sustainable development.

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The Condor Gold Project presents an exciting chance for Silvercorp to create a high-grade mining operation in Ecuador, merging technical proficiency with responsible practices to fully realise the region’s potential.

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Mining Review Africa
Content Team

Mining Review Africa

Mining Review Africa is a platform promoting advancement and sustainable development in African mining, providing insights on technology, finance, and industry trends through engagement with mining companies and suppliers.