Silver Mines Ltd (SVL) is a silver (Ag) explorer that is primarily focused on developing its silver-rich polymetallic assets in the New England region of northern New South Wales (NSW). The company’s strategy is to rapidly develop its flagship Webbs Silver Project and, in doing so, earn a near-term cash flow to support further exploration of the company’s 1,328 km2 of tenements. The Webbs Project currently has an inferred JORC-compliant resource containing over 4.5 Moz Ag, 1,300 t Cu, 7,900 t Zn and 3,500 t Pb.

Webbs Silver Project (EL5674)

Webbs Silver Project Global inferred resource estimate (dated August 2008) of 670,000 tonnes at 210g/t silver (6.8 ounces per tonne silver) for 4.5 million ounces of silver.
Webbs Silver South Prospect inferred resource (which is part of the Global estimate above) of 510,000 tonnes at 230g/t silver (7.4 ounces per tonne silver) for 3.8 million ounces of silver.
Copper, zinc and lead provide significant value to the Inferred Resource representing 40% of the calculated value is this model. 
 

Our present tenement suite isconsidered prospective for hosting silver-rich polymetallic mineral deposits and most have recorded metal production in the past.

Location Plan Showing Tenements
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Key Programs Underway and Planned as at March 2010 include;

  • JORC Resource update underway on EL5674.
     
  • Drilling program planned to begin April 2010 on Webbs Silver (EL5674).
     
  • Metallurgy continuing on Webbs Silver (EL5674).
     
  • Scoping Study underway on WEbbs Silver (EL5674), expected delivery May 2010.
     
  • Drilling planned for Walla Walla JV (EL6269).
     
  • IP PLanned for Mole River and Wellingrove/Tangoa Projects.