Silver Mines Updates Mineral Resource of New South Wales Deposit; Shares Rise 3%

MT Newswires Live

2024/12/23

Silver Mines (ASX:SVL) updated the mineral resource estimate of the Bowdens silver deposit within the Bowdens silver project in New South Wales, according to a Friday filing with the Australian bourse.

The deposit's resource stands at 32.8 million tonnes of material at 68 grams per tonne grade of silver, 0.4% zinc, and 0.3% lead for 71.7 million silver ounces, 123,300 tonnes of zinc, and 95,600 tonnes of lead, the filing said.

Shares of the mining firm rose almost 3% in recent Monday trade.

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