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Silver Mines Limited ( (AU:SVL) ) has issued an announcement.
Silver Mines Limited has announced the commencement of drilling at its Elsienora Project, which includes multiple silver and gold targets. The project is located near the company’s Tuena Gold Project and features promising prospects such as Cuddyong and the Picker Prospect. Historical data suggests significant potential for gold mineralisation, with the company planning extensive diamond drilling to explore these opportunities. This development could enhance Silver Mines Limited’s position in the precious metals sector, potentially benefitting stakeholders by unlocking new resource potential.
More about Silver Mines Limited
Silver Mines Limited operates in the mining industry, focusing on the exploration and development of silver and gold projects. The company has a market focus on precious metals, with projects like the Tuena Gold Project and the newly acquired Elsienora Project in New South Wales, Australia.
YTD Price Performance: 5.00%
Average Trading Volume: 29,526
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €81.38M
Learn more about SVL stock on TipRanks’ Stock Analysis page.
