SILVER SWAN GROUP LIMITED - ASX: SWN

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Description

Silver Swan Group Limited (SWN) is based in Perth, Western Australia. The company is listed on the Australian Securities Exchange (ASX) with key projects in the Meekatharra area of the Murchison province, Western Australia. Mineral styles being sought include lode gold, copper-gold and volcanogenic massive sulphides.

The company has an experienced corporate and management team that embrace contemporary workplace conditions and vision; the team is committed to the highest professional standards and with a policy of openness, will maintain regular updates to its shareholders.

Silver Swan Group Limited (SWN) is a polymetallic explorer with tenements in the Murchison District of the Yilgarn Craton, Western Australia. The Company's current focus is on lode-gold, syn-tectonic copper-gold and volcanogenic massive sulphide (Cu-Zn-Ag-Au) mineralisation in Archaean terranes. Exploration tenements held by Silver Swan in the Murchison District cover ~680km².

The company's recent emphasis with geophysics and diamond drilling has been on volcanogenic massive copper-zinc-silver-gold mineralisation at Quinns and syn-tectonic copper-gold mineralisation at Yagahong, both in the Murchison District. The Murchison tenements, (except Kiaby Well) are 100% owned by the company.

The Murchison district historically, has been a major gold producing province in Archaean age rocks, with gold production in the order of 18 million ounces. The major current and past gold producing mines in the area include Mt Magnet, Cue, Big Bell, Reedy, Paddys Flat, Yaloginda, Gabanintha and Mt Gibson.

The region hosts operating mines at Golden Grove (base metals), Yaloginda, Hill 50 and Kirkalocka (gold) and Jack Hills (iron ore). Major advanced projects include Mt Gibson, Weld Range and Mt Karara (iron ore) and Windimurra, Barambie and Gabanintha (vanadium-titanium). Base metal production is principally from Golden Grove (Cu-Pb-Zn-Ag-Au), with quarterly production from June to September 2009 reported as 19,848t Zn, 6,942t Cu, 1,437t Pb, 392,699oz Ag, 9,709oz Au (source: MMG).

In the Meekatharra area, much of the early historic production of the late 1800's came from Silver Swan's tenement area at Stakewell (Kohinoor), Abbotts (Mt Vranizan and New Murchison King) and Quinns (Kaladbro, Cornstalk, Parramatta, Nowthanna, Murchison Wonder, Wallaby, Nuggety and Olympic). These areas have received only limited modern exploration despite the proximity to producing gold mines at Bluebird-Yaloginda and Gabanintha.

The styles of gold and base metal mineralization in Silver Swan's project areas in the Murchison include:

Quinns - Cu-Zn-Au-Ag (VMS style) in metamorphosed felsic and mafic volcanic and volcano-sedimentary packages, as well as gold in quartz lodes
Yagahong - Cu-Au associated with layered intrusive complexes
Abbotts - Au in quartz lodes & graphitic shale
Bourkes Find - Au in high-Mg basalts
Stakewell - Au in BIF and high-Mg basalts
Kiaby Well - Fe, Cu-Zn-Pb, Au conceptual targets associated with ultramafic rocks and volcano-sedimentary sequences.

Mine For

copper, zinc, gold, silver, lead, iron ore

Location of operation(s)

Western Australia

Address

Unit 1, 15 Ogilvie Rd
MOUNT PLEASANT, WA, AUSTRALIA

Phone

08 9316 0766

Email

Website

http://www.silverswangroup.com.au/

Last Updated

29/04/2011