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Silver Mines Readies To Deliver Metallurgical Test Results To Market, Granted ASX Trading Halt

Silver Mines (ASX: SVL) has been granted a trading halt by the ASX today pending an announcement of metallurgical test results, with the company placed in pre-open.

While no further details were released, the company has been busy delivering outstanding intersections from the Webbs Silver project in New South Wales, which is one of Australia's largest undeveloped silver projects.

Webbs hosts a resource of 1.49 million tonnes at 245 grams per tonne (g/t) silver for 11.746 million ounces, or around eight ounces of silver per tonne.

The Measured and Indicated component is 969,000 tonnes at 269g/t silver for 8.4 million ounces - or 71% of the total resource.

Previous diamond drill holes delivered 7.8 metres at 464g/t silver, 0.78% copper, 2.17% lead and 1.69% zinc from 29.8 metres, including 2.6 metres at 1125g/t silver, 1.81% copper, 3.79% lead and 2.94% zinc.

The halt will last until the earlier of an announcement being made available to the market, or the opening of trade on Tuesday 15 May.

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