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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: ASX: SVL
News: Latest news
Web Site: Silver Mines Limited
Other Articles: 23-12-200919-10-2009

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Tuesday March 16, 09:00Mercator Gold raises £422,500 through placing

The company has placed shares with institutional and ultra high net worth investors, and the proceeds will allow it to develop existing projects and pursue new projects of merit

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Monday March 15, 11:38Calvin Klein owner buys Tommy Hilfiger for US$3 billion from Apax Partners

The New York listed shirt and neckwear company is paying €1.924 billion in cash and issuing €276 million in PVH common stock (approximately 8.7 million shares) to fund the transaction.

 

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Silver Mines Limited

Silver Mines Limited

Silver Mines Limited is currently exploring for silver rich deposits in Australia; specifically in the New England region of north-eastern New South Wales as well as the West Coast of Tasmania.
Wednesday, February 10, 2010

Silver Mines unveils positive results from a survey at Webbs Silver Project

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Silver Mines (ASX:SVL) has released very positive results from the recently completed induced polarisation survey on our 100% owned Webbs Silver Project.

The results highlight a number of very distinct ‘chargeable ‘ zones parallel to the known main lode structure, with the location, size, continuity, depth extent and shape of the new anomalies suggesting there is a high likelihood of multiple mineralised structures parallel to the main Webbs Silver mineralised zone, both to the east and west.

The IP chargeability parameter relates directly to the amount of metallic minerals in the earth and these anomalous results point to areas that are likely to contain anomalous amounts of sulphide minerals such as zinc, lead and silver that may be related to economic accumulations of these metals.

IP geophysics has been used very successfully by SVL on the Webbs Silver Project for identifying silver mineralisation. To date, each of four previously identified chargeable zones which have been drilled, have encountered high grade silver mineralisation.

The best of these is the Webbs Silver South Prospect which was originally identified in the 1960s using IP.

This prospect has an inferred resource of almost five million ounces of silver.

Selected targets will be drilled in the March drilling program, which has now been increased to a 5,000m RC and 1,000m diamond program to allow for these very exciting new targets to be tested.

Chief Executive Charles Straw said the company saw the latest results as supporting the view that Webbs had the potential to host a significant silver resource both within and adjacent to the historic lodes.

"The Company is very excited about the new targets and the potential of the project," Mr Straw said.

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