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SILVER MINES LIMITED

ASX: SVL

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Silver Mines Limited is an Australian junior resource company with a high grade silver JORC Resource and a number of highly prospective silver projects in eastern Australia. The Company has to date successfully grown the Webbs silver deposit into an exciting high grade silver project with the following key features:

  • Resource estimate of 1.49Mt averaging 245 g/t Ag, 0.27% Cu, 0.71% Pb and 1.56% Zn which contains approximately 11.75Moz, including measured and indicated resources of 8.4Moz of silver at 269 g/t Ag.
  • Positive metallurgical results indicate >90% silver recovery to doré bars via the Albion ProcessTM.

Following a review of the market, in particular the silver price and the current costs associated with exploring and developing mines in NSW, Silver Mines decided it was in the best interests of the Company and its shareholders to diversify its business into a lower risk and geologically prospective jurisdiction, where it could add real value to a project and the Company in the near term. Based on a number of key factors, the Company has initially decided to focus on North America, and particularly Nevada and Arizona.

Mine For

silver

Location of operation(s)

New South Wales, USA

Address

Level 5, FKP House 17-19 Bridge St
SYDNEY, NSW, AUSTRALIA

Phone

(61 2) 9253 0900

Email

Website


Last Updated

22/1/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.