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The latest announcement is out from Silver Mines Limited ( (AU:SVL) ).
Silver Mines has reported encouraging exploration results from its Tuena Project in NSW, where recent diamond drilling on the Elsienora, Barite and Pickers prospects within licence EL9588 has confirmed a laterally extensive, gold- and base metal-bearing system along a 5km zone of the Copperhannia–Godolphin Fault corridor. Intercepts including broad zones of low-grade mineralisation with higher-grade intervals, supported by strong historical results at the nearby Cuddyong and Nobbs Reef prospects, have prompted the company to plan follow-up programs to close data gaps and generate new targets across its five Tuena licences, reinforcing the project’s prospectivity at a time of record gold and silver prices.
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 minerals exploration company focused on gold, silver and base metals in New South Wales. Its projects are located along the regionally significant Copperhannia–Godolphin Fault corridor, a well-endowed mineral belt that also hosts major deposits such as McPhillamys and Kempfield, positioning the company to benefit from strong precious metals markets.
YTD Price Performance: 156.41%
Average Trading Volume: 15,602,716
Technical Sentiment Signal: Buy
Current Market Cap: A$428.7M
For a thorough assessment of SVL stock, go to TipRanks’ Stock Analysis page.