Silver Mines Limited is currently exploring for silver rich deposits in Australia; specifically in the New England region of north-eastern New South Wales as well as the West Coast of Tasmania. Our strategy is to rapidly discover and develop one or more high-grade silver rich deposits providing cash-flow to support the Company's ongoing exploration, development and investment goals.

Since listing we have made significant progress, exploring and evaluating our project suite. We have concentrated on the Webbs Silver Mine area and to date have completed over 4,500m of RC drilling and 1,264m of Diamond Drilling at 4 prospects surrounding the historic Webbs Silver Mine. Results have been very good with the Webbs Silver South Prospect (approximately 650m south of the old mine) returning very high grade values. The highest assay to date is 10,550 g/t silver or 339 ounces per tonne in hole RC012. Click here for more detail.

Our present tenement suite is considered prospective for hosting silver-rich polymetallic mineral deposits and most have recorded metal production in the past. For more information or to download our Annual Report, click here.