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Silver Mines Limited ( (AU:SVL) ) has issued an update.
Silver Mines Limited announced the results of a recent diamond drilling program at the Bowdens Silver Deposit, revealing the largest mineralised intercept since the deposit’s discovery in 1989. The drilling program, which aimed to sample the first 10 years of production, returned significant high-grade silver mineralisation, with the standout result being an intercept of 116 meters at 245 grams per tonne of silver. This development positions the Bowdens Silver Project strongly within the global silver sector, especially in the context of current high silver and gold prices, and supports the company’s ongoing efforts to advance mine designs and attract potential off-take partners.
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 a company operating in the mining industry, primarily focused on silver exploration and development. The company is known for its Bowdens Silver Project, located in Central New South Wales, which is one of the most advanced silver development projects globally.
Average Trading Volume: 12,777,050
Technical Sentiment Signal: Hold
Current Market Cap: A$374.9M
For an in-depth examination of SVL stock, go to TipRanks’ Overview page.