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Silver Mines Limited (ASX:SVL)

ALERT: Price-sensitive ASX Announcement for SVL
Current share price for SVL : $0.153 -0.048 (-23.75%)+
Announcement
Release
22 Dec 2025 9:57AM
Price at Release
$0.200
Full Release
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Summary
Silver Mines Limited has provided an exploration update for the Tuena Project, which comprises five Exploration Licences along the Godolphin-Copperhania Fault corridor. The focus of the recent work has been on EL9588, with significant drilling underway. Seven diamond drillholes totaling 1,705 meters have been completed, targeting gold and base metal mineralization at the Pickers, Barite, and Elsienora Prospects. The results show promising mineralization within a 5 km zone, with notable assays from various prospects like Elsienora and Barite. This program has expanded the mineralized zones, showing consistent low-level mineralization with higher grades at certain areas, such as Cuddyong and Nobbs Reef.
Key Points
  • Tuena Project consists of five Exploration Licences.
  • Located along the Godolphin-Copperhania Fault corridor.
  • Seven diamond drillholes totaling 1,705 meters completed.
  • Targeting gold and base metal mineralization.
  • Significant results from Pickers, Barite, and Elsienora Prospects.
  • Promising mineralization over a 5 km zone.
  • Higher grade portions found at Cuddyong and Nobbs Reef.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.