Silver Mines advances Californian silver and gold projects toward drilling

Silver Mines Limited ( (AU:SVL) ) has shared an update.

Silver Mines has completed field mapping and sampling at its Calico North project in California, collecting 219 rock samples that returned numerous high-grade silver and barite assays, and has finished a spectral survey to refine alteration zones. The company is now planning a first-phase drilling program at Calico North, with designs to be updated as incoming geophysical data, including an airborne EM and magnetic survey due later this year, better defines targets.

At Kramer Hills, the company has finalized mapping, a ground magnetic survey that confirmed the key target structure, and an ecological survey, and is advancing phase-one drill planning with a view to start drilling around mid-year. Management says these U.S. assets, which sit near historical high-grade silver and oxide gold workings and in a proven mining region, complement its commitment to advance the Bowdens Silver Project in Australia, underscoring a dual-track growth strategy across both jurisdictions.

The most recent analyst rating on (AU:SVL) stock is a Buy with a A$0.28 price target. To see the full list of analyst forecasts on Silver Mines Limited stock, see the AU:SVL Stock Forecast page.

More about Silver Mines Limited

Silver Mines Limited is an ASX-listed exploration and development company focused on silver and gold, with its flagship Bowdens Silver Project in Australia and a growing portfolio in the United States. The company is expanding in California’s Mojave Desert through the Calico North and Kramer Hills projects, targeting silver-barite and oxide gold mineralisation in a region that hosts several established precious and critical minerals operations.

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