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.
Silver Swan Group to accelerate field activities in March
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.
Other Silver Swan Group articles
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08/03/10 Silver Swan Group kicks off drilling at Quinns and Yagahong
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18/01/10 Silver Swan shares up as further high-grade copper and zinc at the Austin project intersected
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28/10/09 New deep intersections extend scope of discovery at Silver Swan Group Austin copper deposit
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16/09/09 Silver Swan Group’s discovery rate set to increase market value?
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28/08/09 Silver Swan Group talks to Proactiveinvestors about exploring for VMS deposits in Australia
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11/08/09 Silver Swan Group under the radar, but not for all investors
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26/06/09 Silver Swan Group raises $7 million for Quinns Project and a fledgling no longer
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18/06/09 Silver Swan Group strikes high grade copper mineralisation at Austin
Other Silver Swan Group news
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16/12/09 Silver Swan advances to initial resource evaluation at Austin Prospect
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25/11/09 Share price up as Silver Swan Group raises $5.1 million to further exploration in Meekatharra region
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23/11/09 Silver Swan Group requests trading halt
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17/11/09 Silver Swan remains active at Meekatharra projects
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14/10/09 Silver Swan Group unveils results of electromagnetic surveys
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28/09/09 Silver Swan Group's major shareholders buy additional shares
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01/09/09 Silver Swan Group commences drilling at Quinns in Western Australia, following capital raising
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20/08/09 Silver Swan Group to release 2 million shares held in escrow by Mercator Gold Plc
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31/07/09 Silver Swan to raise A$5 million in new placing
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22/06/09 Silver Swan Group in trading halt, likely capital raising
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