Silver Mines Limited ( (AU:SVL) ) has issued an announcement.
Silver Mines Limited has commenced a diamond drilling program at its Bowdens Silver Project to collect samples for the first 10 years of production, as outlined in their recent Optimisation Study. This initiative aims to expand the current Ore Reserve Estimate by targeting high-grade mineralisation zones, potentially extending the mine’s life beyond the current 16.5 years. The program will also produce concentrate samples for potential off-take partners and inform final mine design and tailings processing, enhancing the project’s viability and attractiveness in the global silver sector.
More about Silver Mines Limited
Silver Mines Limited is a company operating in the mining industry, focusing on the exploration and development of silver deposits. The company is primarily engaged in the Bowdens Silver Project located in Central New South Wales, which is one of the most advanced silver development projects on the ASX.
YTD Price Performance: 25.00%
Average Trading Volume: 25,584
Technical Sentiment Signal: Buy
Current Market Cap: €102M
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