Silvercorp Metals Inc. and Salazar Resources Limited Announce Project Development
Exciting Times Ahead
Trading Symbols: SVM (TSX/NYSE American)SRL (TSXV), SRLZF (OTCQB) VANCOUVER, BC, Aug. 21, 2024 – With the successful acquisition of Adventus Mining Corporation on July 31, 2024 and the receipt of the Change of Phase for the El Domo copper-gold project (the “Project”) (see August 6, 2024 news release), Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX: SVM) (NYSE American: SVM), its Ecuadorian subsidiary, Curimining S.A. (“Curimining”), and Salazar Resources Limited (TSXV: SRL) (OTCQB: SRLZF) (“Salazar”, collectively with Silvercorp, and Curimining, the “Companies”), are pleased to report that the Companies have initiated the process for construction with a goal to bring the Project into production some time in 2026, as previously planned.
This exciting development marks a significant milestone for Silvercorp Metals Inc. and Salazar Resources Limited as they embark on the journey towards the production phase of the El Domo copper-gold project. The successful acquisition of Adventus Mining Corporation has provided a strong foundation for the Companies to move forward with their construction plans.
Project Development and Impact
The initiation of the construction process for the El Domo project signals a new chapter in the Companies’ growth trajectory. With a goal to bring the project into production by 2026, Silvercorp Metals Inc. and Salazar Resources Limited are poised to make a significant impact in the mining industry.
The development of the El Domo project is expected to create job opportunities, stimulate economic growth, and contribute to the local community in Ecuador. As the Companies work towards bringing the project into production, they are committed to upholding sustainable practices and minimizing environmental impact.
How This Will Impact Me
As an investor, the development of the El Domo project presents a promising opportunity for potential growth and returns. With Silvercorp Metals Inc. and Salazar Resources Limited focused on bringing the project into production by 2026, there is potential for increased value and performance in the Companies’ stock.
How This Will Impact the World
The development of the El Domo project by Silvercorp Metals Inc. and Salazar Resources Limited is set to have a positive impact on the global mining industry. As the Companies prioritize sustainable practices and responsible mining, they are setting a precedent for environmentally conscious operations. This commitment to sustainability is crucial in shaping the future of mining worldwide.
Conclusion
In conclusion, the initiation of the construction process for the El Domo project by Silvercorp Metals Inc. and Salazar Resources Limited marks a significant milestone for the Companies. With a goal to bring the project into production by 2026, the Companies are poised to make a positive impact on the mining industry and the world at large. As investors, there is potential for growth and returns, while the commitment to sustainability sets a new standard for responsible mining practices.
