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 in pre open pending acquisition announcement

24th Jan 2012, 1:19 am

Silver Lake Resources (ASX: SLR) has been granted a trading halt by the ASX today pending an announcement regarding an acquisition.

The company did not release any further details on the acquisition.

Meanwhile, Silver Lake has been busy in the Murchison, identifying the potential for a fifth underground mine following the results from drilling at the Comet Gold Project.

Assays from a recent four hole reverse circulation drilling program at Comet included:

- 9 metres at 6 grams per tonne (g/t) gold from 193 metres;
- 12 metres at 3.3g/t gold from 145 metres; and
- 3 metres at 12.8g/t gold from 84 metres.

The trading halt will be in effect until an announcement is made to the market or no later than the start of trading on Friday, 27 January.

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