Silver Mines Limited Begins Drilling at Elsienora Project

Silver Mines Limited ( (AU:SVL) ) has shared an update.

Silver Mines Limited has commenced diamond drilling at the Elsienora Project, part of the Tuena Gold Project portfolio in New South Wales. The initial drilling program aims to explore the potential for McPhillamys-style gold mineralization at the Picker, Barite, and Elsienora Prospects. The project, previously held by various companies, has shown significant potential for gold and silver mineralization, and the current drilling efforts are expected to fill knowledge gaps and enhance the company’s exploration portfolio.

More about Silver Mines Limited

Silver Mines Limited is a company operating in the mining industry, primarily focusing on the exploration and development of silver and gold projects. The company is actively involved in projects located in New South Wales, Australia, with a significant emphasis on the Tuena Gold Project.

YTD Price Performance: 7.50%

Average Trading Volume: 27,798

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €79.05M

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