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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	SWN
Latest Price:	0.06 (0.00%)
52-week High:	0.21
52-week Low:	0.05
Market Cap:	8.03M

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Silver Swan Group Full Silver Swan Group profile here

Silver Swan Group (ASX: SWN) is a polymetallic explorer with tenements in the Murchison District of the Yilgarn Craton, Western Australia. The company's current focus is on lode-gold, syn-tectonic copper-gold and volcanogenic massive sulphide (Cu-Zn-Ag-Au) mineralisation in Archaean terranes. Exploration tenements held by Silver Swan in the Murchison District cover 680 square kilometres.

Silver Swan Group to accelerate field activities in March

Friday, January 29, 2010

Silver Swan Group (ASX: SWN) said today it intends to accelerate its field activities at the beginning of March, commencing with a diamond drilling programme at Copper Hills.

Three VTEM anomalies have been recognised at Copper Hills including one very prominent feature.

Initial activity will test a strong VTEM geophysical anomaly located over the old Lady Alma workings. Diamond drilling will also focus on two other VTEM anomalies at Copper Hills and three VTEM anomalies in the northern part of the Quinns project area.

At Quinns six VTEM anomalies have been recognized; drilling is expected to commence in late March.

Reverse circulation drilling will initially focus on precollars for deep diamond drilling at Austin, then concentrate on drilling the Cu-Au mineralisation at Copper Hills in the Yagahong project area.

During the quarter, Silver Swan reported further high grade copper and zinc results at Austin, on its Quinns project area, 55 kilometres south of Meekatharra, Western Australia.

The results came from seven drill holes (1 diamond and 6 reverse circulation) that revealed extensions of near-surface mineralised boundaries, provided further continuity of the high-grade zinc and copper mineralisation identified from previous assays, and geologically determined fold positions in a heavily deformed environment.

The drilling results revealed significant continuity of high grade zinc intersections, as well as the intersection of a new high grade copper zone of 6 metres at 6.4% copper, 19.8 g/t silver and 1.74 g/t gold.

Key drilling results included 6 metres at 10.2% zinc, 3 metres at 16.7% zinc, and 11 metres at 3.6% copper, 11 g/t silver and 0.7 g/t gold, including: 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.

Drilling of ~80 aircore holes into the Yagahong radiometric Uranium anomaly is scheduled to commence in February.

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