this is what we sold, from silvercorp's point of view. but since we have many better projects than this one, monetizing this asset makes a lot of sense:

Silvercorp to Acquire Advanced Stage Silver-Lead-Zinc Project in British Columbia, Canada

Silvercorp Metals Inc. ("Silvercorp" or "the Company") (TSX:SVM - News)(NYSE:SVM - News) has signed a definitive purchase agreement with Silver Standard Resources Inc. ("Silver Standard") to purchase a 100% interest in the Silvertip silver-lead-zinc project covering 216 km2 in northern British Columbia, Canada. Total consideration for the project is CDN$15-million with up to 50% to be paid in Silvercorp common shares and the balance in cash. The closing date is expected on or before February 26, 2010.

Located just south of the Yukon border and readily accessible by a 25-kilometre road from the Alaska Highway, the Silvertip property hosts an advanced-stage, high-grade silver-lead-zinc carbonate replacement deposit system. The project was previously explored by various operators/owners from 1955 to 2000 with more than $40 million in exploration work carried out -- including 2,400 metres of underground tunnel development and 71,472 metres of surface and underground drilling in 491 holes. The most recent exploration work was carried out by Imperial Metals Corporation ("Imperial Metals"), which owned the project from 1996 to 2002. No exploration work was conducted by Silver Standard since acquiring the project in 2002.

A resource estimate was calculated for the Silvertip project in 1997 within an area of 1,000 metres by 800 metres, which was then converted into a National Instrument 43-101 compliant resource in October 2002 ("the 2002 Resource").

http://finance.yahoo.com/news/Silvercorp-to-Acquire-iw-2487492635.html?x=0