Just the Facts: Silver Mines launches 3,000-metre drilling program at Elsienora Project

Proactive - Interviews for investors

Proactive’s Tylah Tully breaks down ‘Just the facts’ of the latest news from Silver Mines Ltd (ASX:SVL). The company has announced the commencement of drilling at its Elsienora Project, part of the Tuena Gold Project in New South Wales. Located 80 kilometres south of Orange, the project includes multiple gold and silver prospects. Historical exploration highlights include: 29 metres @ 1.53 g/t gold from surface, 8 metres @ 3.14 g/t gold from 30 metres, and 21 metres @ 0.89 g/t gold from 207 metres. Gold mining in the area dates back to the 1860s, with historical production records showing 6,758 ounces of gold from Washington Mine and 2,633 ounces from Victoria Mine. The initial program includes 2,000–3,000 metres of diamond drilling targeting gold and silver, as well as induced polarisation (IP) surveys and reprocessing of historical data. The company will also investigate historical workings and underexplored targets within adjoining licence EL8974. Drilling is expected to begin this quarter, pending statutory approvals. #ProactiveInvestors #SilverMines #ASX #ElsienoraProject #TuenaGoldProject #GoldExploration #SilverExploration #DiamondDrilling #MineralExploration #NSWMining #HistoricMining #ResourceDevelopment #MiningUpdates #ASXStocks #IPSurveys #GeologicalExploration #GoldTargets #SilverTargets #MineralProspects #ExplorationDrilling #MiningNews #JustTheFacts