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Silver City Minerals substantial shareholder lifts stake

Silver City’s key tenements are in the Broken Hill area, home to the world’s largest silver-lead-zinc ore body.

Copper blow
Exploration is ongoing at Copper Blow where the company aims to establish a resource

Silver City Minerals Ltd’s (ASX:SCI) substantial shareholder Gavin Wates & Upsky Equity Pty Ltd has increased its holding in the company to 6.46% from 5.04%.

Upsky Equity acquired shares worth $50,000 earlier this week through an off-market transfer to increase its interest by 1.42%.

READ: Silver City Minerals changing line-up at IOCG-focused Broken Hill company

Silver City’s key tenements are in the Broken Hill area, home to the world’s largest silver-lead-zinc ore body at the Broken Hill mining leases.

Broken Hill is over the border from iron oxide copper-gold (IOCG) shining star Olympic Dam.

The Silver City tenements include the Copper Blow project which features copper-gold mineralisation in ironstone that is part of a larger mineral system at the east of its tenure.

Quick facts: Silver City Minerals Ltd

Price: 0.016 AUD

ASX:SCI
Market: ASX
Market Cap: $5.9 m
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Silver City Minerals expanding surveys to generate new IOCG drilling targets

Chris Torrey, managing director of Silver City Minerals Ltd (ASX:SCI), updates Proactive Investors on the explorer's efforts to find the source of high grade mineralisation at the Copper Blow Project, located 20 kilometres south of Broken Hill in New South Wales, Australia. The company...

on 20/11/18

2 min read