Additional Information
Market: ASX
Sector: General Mining - Gold
EPIC: SLR
Latest Price: A$2.55  (3.24% Ascending)
52-week High: A$3.87
52-week Low: A$1.61
Market Cap: A$561.67M
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Silver Lake Resources
www.silverlakeresources.com.au

Silver Lake Resources (ASX: SLR) is a gold producing and exploration company with a resource base of 3.3 million ounces in highly prospective regions including the Mount Monger goldfield and the Murchison (Tuckabianna, Comet and Moyagee).

 

Silver Lake Resources' strategy is to develop large production centres at Mount Monger and at the Murchison with multiple mines at each centre. Silver Lake's exploration program is targeting 5 million ounces of gold in resource.

Pdf

Silver Lake Resources granted halt pending capital raising announcement

14th Nov 2011, 1:13 am

Silver Lake Resources (ASX: SLR) has been granted a trading halt by the ASX pending the release of a proposed capital raising, with the company's shares placed in pre-open.

Silver Lake is currently well and truly on investors radars, with the stock trading around 50% higher during 2011 - and is the eleventh best performing stock in the All Ordinaries this year.

Investor interest in Silver Lake is due to the company delivering a string of bumper results recently, and just last week confirmed grades of up to 45% copper, 5.5 grams per tonne (g/t) of gold and 256g/t silver at the Hollandaire project, which lies within the Eelya complex, part of bigger Murchison project.

Importantly, these assay results confirm Hollandaire as a high grade copper deposit that also contains gold and silver. The mineralisation remains open in all directions and at depth.

The halt will last until the earlier of announcement being made to the market, or the opening of trade on Wednesday 16 November.

 

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