Silver Mines (ASX:SVL) will reveal more detail of a funding initiative on or before commencement of trading on Thursday 14 February 2013.
Until then the securities of Silver Mines will be placed in a trading halt requested by the company.
On the 1st February 2013, high grade silver and base metals mineralisation was intersected from drilling at its Mole River project in New South Wales.
The encouraging first pass at regional target Mole River project, some 30-40 kilometres north east of the Webb’s Silver project opens the potential for existence of futher regional Webbs style deposits.
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