Proactive Investors - Run By Investors For Investors

Silver City Minerals Ltd spins drill bit at Broken Hill

The company has a zinc and lithium focus in the world-class Broken Hill region.
Silver City Minerals Ltd spins drill bit at Broken Hill
Silver City has commenced drilling.

Silver City Minerals Ltd (ASX:SCI) has commenced drilling at its 100% owned Razorback West Zinc Project located 20 kilometres from the world renown mining town of Broken Hill.

A three hole program for 1,000 metres will test a number of electromagnetic conductors.

The electromagnetic anomalies lie untested at depth beneath the existing previous Silver City drill holes.

The conductors show a relationship with zinc anomalies in the shallow holes.

Silver City has also received a $114,800 government grant for drilling at Razorback West.

The company has a zinc and lithium focus in the world-class Broken Hill region, where it holds a 1,200 square kilometre tenement position.

In recent months, Silver City entered into a joint venture with respect to the Wilga Downs project, 80 kilometres north of the Cobar mining centre.

A 400 metre diamond hole will be completed at Wilga Downs to test coincident geophysical targets.

Wilga Downs is conceptually a copper-gold target with similarities to existing copper mines in the district.

Silver City had cash on hand of $2 million at the end of the September quarter.

View full SCI profile View Profile

Silver City Minerals Ltd Timeline

Related Articles

1531391169_Kincora---team-overlooking.jpg
July 12 2018
Series of off-market transactions have seen a 28.7% interest and strategic position in Mongolian copper-gold explorer Kincora transition from weak to strong hands, strengthening its existing exploration and expansion strategy. Despite significant uncertainty and shareholder overhang removed following new cornerstone investor Kincora’s share price has not re-rated – yet.
Platina’s scandium oxide sample
April 10 2019
Products derived from Platina’s scandium can produce master alloy material.
A Western Australian map showing company projects
March 19 2019
Geologist and finance professional Ian Stuart became the company’s chairman last month.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use