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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.