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Silver Lake’s stunning intersections

Jason MennellKalgoorlie Miner
Silver Lake Resources boss Luke Tonkin.
Camera IconSilver Lake Resources boss Luke Tonkin. Credit: Sharon Smith

A mid-tier gold miner with operations in the Goldfields and the Murchison has released a raft of stunning intersections at its gold and copper mine, 150km east of Geraldton.

Silver Lake Resources yesterday reported resource definition just south of its Deflector mine had hit a headline intersection of 7.4m grading at 98.7 grams per tonne of gold and 11.1 per cent copper.

Other highlight intersections include 0.9m at 103g/t gold and 2.7 per cent copper and 1m at 126g/t gold and 1.9 per cent copper.

Silver Lake said the strong results increased the potential conversion rate of the Deflector South West’s mineral resource estimate to ore reserves.

The results were noted by RBC Capital Markets analysts, who said further promising exploration drill results highlighted the potential around Deflector.

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“Whilst the formalisation of these results into resources and reserves will take time, Silver Lake’s continued exploration success near mine is likely to underpin investor conviction towards the Deflector operation and the potential for mine-life extensions,” RBC said.

Silver Lake said the results meant it would be upping the ante with an extension of its exploration drive to test for extensions beyond Deflector South West’s mineral resource estimate.

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