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Additional Information
Market: ASX
Sector: General Mining
Epic: .SWN
News: Latest news
Web Site: Silver Swan Group
Other Articles: 29-01-201018-01-201016-12-2009

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Wednesday March 10, 08:50StatPro FY pretax up 48% in 2009, confident of good growth ahead

All performance indicators showed a marked improvement during 2009, and the financial software provider looks set to continue its good run in the current year.

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Thursday March 11, 07:27BP shells out US$7 billion for Devon Energy's assets in Brazil, Gulf of Mexico and Azerbaijan

In addition, BP will sell to Devon Energy a 50 percent stake in BP's Kirby oil sands interests in Alberta, Canada, for US$500 million.

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Tuesday March 09, 09:55Nidec Corporation adds third factory and laboratory in Dalian City, China

Nidec Corporation (NYSE:NJ), the Japan headquartered manufacturer of small-to-mid-size motors, fan motors, and pivot assemblies, is to expand its presence in China through the construction [...]

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Silver Swan Group

Silver Swan Group

Silver Swan Group Limited (ASX: SWN) is a polymetallic explorer with tenements in the Murchison District of the Yilgarn Craton, Western Australia and the Wilgena and Christie Domains of the Gawler Craton, South Australia. The Comany’s current focus is on lode-gold, copper-gold and volcanogenic massive sulphide (Cu-Zn-Pb) mineralisation in Archaean and Proterozoic terranes.

Exploration tenements held by Silver Swan in the Murchison district of Western Australia cover ~680km2 In South Australia, the tenement holding is 1,823km2 and 1,210km2 in the Wilgena and Christie Domains respectively.

 

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Monday, January 18, 2010

Silver Swan shares up as further high-grade copper and zinc at the Austin project intersected

by Proactive Investors company news image

Shares in Silver Swan Group (ASX: SWN) jumped 2.5c after the company intersected further high-grade copper and zinc during drilling at the Austin volcanogenic massive sulphide project, located about 55km from Meekatharra in Western Australia.

During the morning trade, shares in the Silver Swan increased 2.5c, or 5.6%, to 47c.

The company announced that results from a further five reverse circulation drill holes revealed significant continuity of high grade zinc intersections, extended near surface copper intersections and a new high grade copper zone (6m @ 6% Cu, 19.8g/t Ag & 1.7g/t Au) above the main zone of mineralisation in hole 09ATRC037.

Low-grade copper mineralization is evident over large thicknesses in the majority of holes, connecting high-grade material.

The recent holes were drilled to extend near-surface mineralised boundaries, provide further continuity of the high-grade zinc and copper mineralisation, and to accurately determine interpreted fold positions in a heavily deformed environment.

The drill results from five RC drillholes included 09ATRC029: 11m @ 3.6% Cu, 11g/t Ag & 0.7g/t Au; 3m @ 16.7% Zn & 3m @ 6.5% Zn within an overall mineralized intersection of 91m @ 1.2% Cu & 4g/t Ag; 09ATRC031: 6m @ 10.2% Zn & 5m @ 6.8% Zn and 09ATRC035: 23m @ 1.35% Cu & 5g/t Ag, including 3m @ 3.2% Cu & 5m @ 2.3% Cu.

The geology at Austin is being modeled in 3D in preparation for resource evaluation. This will determine volume and grade for an initial open-pit scenario and make preliminary comment on resources extending beneath an open pit. Future drilling at Austin will focus on developing the underground potential of the deposit.

Silver Swan Group managing director Susan Vearncombe said the latest assays from the Austin VMS project have confirmed the extension of near surface high grade zinc and copper mineralisation and uncovered a new high grade copper zone.

"As we are moving rapidly towards a resource evaluation at the Austin project, it is pleasing that we can continue to extend the dimensions of the resource, particularly given the calibre and thickness of the zinc and copper mineralization," Dr Vearncombe said.

Planning for drilling at Austin and proximal surrounds for 2010 is currently underway.

Drilling of ~80 aircore holes totaling approximately 1500m into the Yagahong radiometric U-anomaly is due to commence later this month. Silver Swan is targeting a large drainage system containing calcrete with an associated, discrete U-radiometric anomaly that is ~5kms NE-SW and ~800m wide.

 

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