SILVER LAKE RES "SLR" produziert ca. 40000 Oz. pa.

Kurs:0,415 A$

Cash:13,8Mio A$

Kap:63Mio A$

-Kein Hedge

-hohe Erzgehalte 10-20g\t

- 1,5 Mio Oz Resourcen

Produktion soll in H2 2009 auf über 50000 oz. pa. erhöht werden. Produktionkosten sollen von 680 A$ auf 570 A$ sinken.  cashflow ca. 20-30Mio A$ , wenn der Goldpreis bei 1200A$ bleibt. KGV/KCV ca.2-3

 

 

Perilya PEM und Sprott haben jeweils einen Anteil von ca.8% aufgebaut  

Kurs:0,735 A$

Cash:20Mio A$

Kap:108Mio A$

-Kein Hedge

-hohe Erzgehalte 10-20g\t

- 1,5 Mio Oz Resourcen

Produktion soll in H1 2010 auf über 110000 oz. pa. erhöht werden.  

 

Silver Lake Resources sets sail for 100,000oz pa gold production
by Proactive Investors company

Perth based gold miner Silver Lake Resources (ASX: SLR) has set an ambitious target and timetable to increase gold resources at Mount Monger goldfield and Murchison projects from 1.5 million ounces to 5 million ounces within two years.

This would move the company well into the mid-tier producer rang, defining sufficient resources to sustain a 100,000 oz per annum gold production.  Current production is >60,000oz pa.

With the company in positive cashflow in 2008, current operations throwing off $2m cash flow per month and generating a net profit of $10.7m in 2008/09, it is little wonder the sharemarket has aligned the potential with reality - driving the SLR share price up 280% from the start of 2009.  Current share price is $0.95. With the plans to boost resource and production, further rises in valuation appear logical in premise.

New targets within existing projects south of Kalgoorlie and an accelerated exploration program would facilitate the increase in resource managing director Les Davis said.

Silver Lake plans to develop large production centres at Mount Monger and at the Murchison with multiple mines at each centre. Mount Monger Operation contains the Daisy Milano underground mine and the Christmas Flat open pit located 50 km south east of Kalgoorlie.

Gold ore from Mount Monger is transported to Silver Lake’s 300,000 tpa Lakewood Gold Processing Facility located 5 km south east of Kalgoorlie and 45 km from the Daisy Milano mine.  

 

http://stocknessmonster.com/news-item?S=SLR&E=ASX&N=472474  

http://stocknessmonster.com/news-item?S=SLR&E=ASX&N=477913

Highlights
• Gold in ore production totalled 15,130 ounces
• 600,000 tpa mill upgrade 80% complete, 50,000 tonne stockpile
(6,000 ounces) ready for processing
• Daisy East (discovered July 2009) producing 13 g/t Au from ore
development
• Gold production for 09/10 fiscal year on track for 60,000 to 70,000
ounces of gold
• Significant drilling results at Mount Monger & Murchison
• Silver Lake awarded 2009 Gold Miner of the Year from the Gold
Mining Journal

Cash and bullion on hand totalled A$28.4 million  

WESTERN AUSTRALIAN GOLD SCENE
Silver Lake opens up new gold hopes in Murchison

The successful mid-tier, high-grade gold producer near Kalgoorlie, Silver Lake Resources, has found a new lead in an old mining camp in the Murchison goldfield in the mid north of Western Australia.
Author: Ross Louthean
Posted:  Monday , 08 Mar 2010

PERTH -

Silver Lake Ltd (ASX: SLR) detailed some shallow, thick and medium to high grade gold intercepts at the Genesis prospect, just 20 metres east and parallel to the Tuckabianna main zone in the north Murchison region.

The drill intersections included 3 metres grading 10.2 grams/tonne, 4m @ 7.3 g/t, 6m @ 4 g/t and 2m @ 5 g/t gold.

Mineralisation remains open to the north, south and at depth

Silver Lake's managing director Les Davis said there was potential for further near-surface mineralisation parallel to the 13 kilometre long Tuckabianna main zone

The company is getting a significant cash flow from the Mount Monger mining centre, south of Kalgoorlie. Davis said the company's accelerated exploration plan is targeting to significantly increase resources at Tuckabianna, Comet and Moyagee all in the Murchison District.

He said these projects have a combined resource of 7.8 million tonnes grading 3.8 g/t gold for 1 million ounces.

Genesis was a new discovery where a 21 hole shallow RC drill programme has been completed. Genesis contains multiple near surface, thick, high grade intercepts.

Davis said the next phase of step-out drilling will initially target the area south of the Genesis discovery.

"This exciting discovery greatly enhances our resource potential in the Murchison and confirms our belief that the region is significantly under explored.

Silver Lake's Mt Monger operation, 50 km south east of Kalgoorlie contains the Daisy Milano underground mine and the Christmas Flat open pit. The company has proved up new discoveries and extensions of old prospector mines at Mt Monger.

Gold ore from Mt Monger is transported to Silver Lake's 600,000 tonnes per annum Lakewood processing facility 5 km south east of Kalgoorlie.  

Der aussichtreichte Goldproduzent in Westaustralien, vor allem wegen den High Grades.

Significant Intersections at Moyagee_ March 2010
Exploration Update | Drilling Report
29-03-2010
High Grade Intersections South of Lena Deposit
Highlights
• Near surface, thick, high grade intercepts south of the Lena deposit:
* 7.0 metres at 2.7 g/t Au from 9 metres
* 3.0 metres at 8.3 g/t Au from 16 metres
* 2.0 metres at 6.9 g/t Au from 41 metres
* 4.0 metres at 27.8 g/t Au from 90 metres
− including 1 metre at 94 g/t Au from 92 metres
• Lena and Lena South mineralised strike now totals 1.6 km in length
• Mineralisation remains open to the south and at depth
• Potential for further high grade mineralisation along the 35 km long Lena
shear zone
Silver Lake Resources Ltd (“Silver Lake”) is pleased to announce an update on exploration
activities at Moyagee, one of its Murchison projects.
Silver Lake’s accelerated exploration plan is targeting to significantly increase resources
at Tuckabianna, Comet and Moyagee located in the Murchison District of Western
Australia (refer to figure 2). These projects have a combined resource of 7.8 million
tonnes at 3.8 g/t Au for 1 million ounces (refer to table 2).
Moyagee Project
The Moyagee Project contains 35 kilometres of the highly prospective Lena Shear zone.
The Lena deposit is located in this shear zone and already has a resource of 820,000
tonnes at 8.5 g/t Au for 224,200 oz over a strike length of 600 metres.
Lena South
A 36 hole RC programme has been completed along strike south of the Lena deposit on
100 metre centres (refer to figure 1 for location plan).
The drilling intercepted near surface, thick high grade mineralisation to the south for 1
km along strike and outside of the current Lena resource within the Lena shear (refer to
table 2). The mineralisation commences within 9 metres of the surface and drill hole
10MORC016 intersected significant thick high grade mineralisation at 90 metres depth (4
metres at 27.8 g/t Au including 1 metre at 94 g/t Au).
The next phase of the exploration programme at Lena South will be closely spaced infill
drilling between the previously drilled sections.
“The Lena shear zone already hosts a large, high grade deposit at Lena. To extend the
mineralised strike to 1.6 kilometres that is still open to the south and at depth is a
significant outcome” said Silver Lake’s Managing Director Les Davis.
“These latest results provide further mining options for assessment and enhance the near
term production potential of our Murchison projects.” Mr Davis added.
For further information please contact
Les Davis
Managing Director
+61 8 6313 3800
contact@silverlakeresources.com.au
About Silver Lake Resources Ltd:
Silver Lake is an ASX 300 gold producing and exploration company with a resource base of
1.5 million oz in highly prospective regions including the Mount Monger goldfield and the
Murchison (Tuckabianna, Comet, and Moyagee). Silver Lake’s strategy is to develop large
production centres at Mount Monger and at the Murchison with multiple mines at each
centre.
Silver Lake’s Mount Monger Operation contains the Daisy Milano underground mine and
the Christmas Flat open pit located 50 km south east of Kalgoorlie.
Mount Monger has additional multi mine potential underpinned by emerging open pit
production from Magic, Costello and Lorna Doone deposits. Furthermore the discoveries
of Daisy East, Emma and the extension of the Rosemary lode show potential as near term
production sources.
Gold ore from Mount Monger is transported to Silver Lake’s 600,000 tpa Lakewood Gold
Processing Facility located 5 km south east of Kalgoorlie and 45 km from the Daisy Milano
mine.
The Company continues to review low capital milling options for the Murchison project.
Ongoing exploration will focus on extending current resources that are constrained by
limited drilling particularly below 100 metres depth. Our strategy is to delineate
sufficient resources to sustain a 100,000 oz per annum operation.
Silver Lake’s exploration programme is targeting1 to increase its global gold resource base
from 1.5 million ounces to 5 million ounces within two years.  

Magic Intersection of 11 Metres at 59.4 g/t Au_ May 2010
Exploration Update | Drilling Report
25-05-2010
Magic Intersection of 11 metres at 59.4 g/t Au
Highlights
• Significant assay results from the Magic deposit:
* 11 metres at 59.4 g/t Au from 251 metres
• including 1.5 metres at 243 g/t Au
* 10 metres at 19.1 g/t Au from 52 metres
* 3 metres at 23.8 g/t Au from 44 metres
* 15 metres at 4.7 g/t Au from 272 metres
• All intersections outside current resource of 56,200 ounces
• Mineralisation remains open to the south and at depth
Silver Lake Resources Ltd (“Silver Lake”) is pleased to announce assay results from
ongoing exploration at its Mount Monger Operations.
Assay results (refer to table 1) have been received from a 3 hole diamond and 20 hole RC
drilling programme at the Magic deposit located 3 kilometres south of the Daisy Milano
mine (refer to figure 1). This drilling was designed to test the mineralisation around the
planned open pit shell to the north, south and at depth.
The drilling programme intersected significant mineralisation of 11 metres at 59.4 g/t Au
from 251 metres and 10 metres at 19.1 g/t Au from 52 metres. The mineralisation
remains open to the south and at depth. Drilling is ongoing and further results will be
announced once available.
Magic has a current resource of 597,600 tonnes at 2.9 g/t Au for 56,200 ounces (refer to
table 2). All holes in this current programme were drilled outside the current resource.
“11 metres at 59.4 g/t Au is a stand out and truly significant intersection on a regional
scale” said Silver Lake’s Managing Director Les Davis.
“Ongoing exploration activities continue to deliver outstanding results and support the
large resource long life potential of our Mount Monger Operations” Mr Davis added.
For more information about Silver Lake and its projects please visit our web site at
www.silverlakeresources.com.au.
For further information please contact
Les Davis
Managing Director
+61 8 6313 3800
contact@silverlakeresources.com.au
About Silver Lake Resources Ltd:
Silver Lake is an ASX 300 gold producing and exploration company with a resource base of
1.5 million oz in highly prospective regions including the Mount Monger goldfield and the
Murchison (Tuckabianna, Comet, and Moyagee). Silver Lake’s strategy is to develop large
production centres at Mount Monger and at the Murchison with multiple mines at each
centre.
Silver Lake’s Mount Monger Operation contains the Daisy Milano and Daisy East
underground mines located 50 km south east of Kalgoorlie.
Mount Monger has additional multi mine potential underpinned by emerging open pit
production from Magic, Costello and Lorna Doone deposits. Furthermore the discoveries
of Emma and the extension of the Rosemary lode show potential as near term production
sources.
Gold ore from Mount Monger is transported to Silver Lake’s 600,000 tpa Lakewood Gold
Processing Facility located 5 km south east of Kalgoorlie and 45 km from the Daisy Milano
mine.
The Company continues to review low capital milling options for the Murchison project.
Ongoing exploration will focus on extending current resources that are constrained by
limited drilling particularly below 100 metres depth. Our strategy is to delineate
sufficient resources to sustain a 100,000 oz per annum operation.

Silver Lake’s exploration programme is targeting 5 million oz Au in resource.  

GRADE IS KING- deshalb lagen die Produktionkosten bei 490 AUD- im July soll ein Ressourcenupgrade kommen

Ziel sind sind 300.000 Oz Gold pa. Produktion zu erreichen bis 2013/14

aktuell 100000 Oz. pa.  ergibt einen cashflow von 80 Mio AUD bei 600AUD / Oz Produktionskosten und angenommenen 1400 AUD Goldpreis. MarktKAP bei 208 Mio AUD.  

ASX ANNOUNCEMENT 1 June 2010
Drilling Confirms Costello as an Open Pit Mine
Highlights
• Near surface thick high grade results from the Costello deposit:
�� 7 metres at 3.3 g/t Au from 7 metres
�� 9 metres at 14.8 g/t Au from 13 metres
�� 5 metres at 3.6 g/t Au from 16 metres
�� 2 metres at 15.6 g/t Au from 22 metres
�� 8 metres at 5.4 g/t Au from 30 metres
�� 9 metres at 4.5 g/t Au from 37 metres
�� 5 metres at 24.2 g/t Au from 44 metres
• Numerous drill holes intersected mineralisation outside current resource of
11,200 ounces
• Mineralisation remains open at depth and to the north and south
Silver Lake Resources Ltd (“Silver Lake”) is pleased to announce assay results from
ongoing exploration at its Mount Monger Operations.
Silver Lake’s Mount Monger exploration strategy is aimed at identifying multiple, near
term production sources for the Lakewood Gold Production Facility (“LGPF”).
Assay results (refer to table 1) have been received from a 2 hole diamond and 69 hole RC
drilling programme at the Costello deposit located 2 kilometres south of the Daisy Milano
mine (refer to figure 1). This drilling was designed to infill and extend the mineralisation
to finalise the open pit shell and mining study. Costello has a current resource of 94,000
tonnes at 3.7 g/t Au for 11,200 ounces (refer to table 2).
The drilling programme intersected near surface, thick, high grade mineralisation that
remains open at depth and to the north and south. Numerous drill holes intersected
mineralisation outside of the current resource (refer to figures 2 and 3). A mining study is
well advanced for Costello and all required regulatory documentation has been submitted
to allow for timely commencement of the project. Metallurgical test work has been
completed and the ore is free milling and ideally suited for processing at LGPF.
“9 metres at 14.8 g/t within 13 metres from the surface is an excellent intercept to
complement the advanced mining study and support a decision to mine” said Silver
Lake’s Managing Director Les Davis.
“These recent drilling results from Costello will add to the significant resource upgrade
to be announced in July 2010” Mr Davis added.  

Kurs +9,5%, fast ATH  ,SLR&IGR sind die Top Unternehmen in Sachen Highgrade Gold

70% increase in high grade gold JORC Resource inventory to
2.5 million ounces
Highlights
• Mount Monger:
− Total resource of 3.6 million tonnes at 9.4 g/t Au for 1.1 million ounces
− 142% increase in resource at Daisy Milano to 623,700 ounces
− maiden resource at Daisy East totalling 142,600 ounces at 38.7 g/t Au
− 172% increase in resource at Magic to 152,800 ounces
− North Monger acquisition of 80,300 ounces
• Murchison:
− Total resource of 13.7 million tonnes at 3.0 g/t Au for 1.3 million ounces
− maiden resources at Caustons South, Genesis & Exodus totalling 121,000
ounces
• Total June 2010 resource inventory:
− 17.8 million tonnes at 4.4 g/t Au for 2.5 million ounces
Silver Lake Resources Ltd (“Silver Lake”) is pleased to announce a June 2010 JORC
Resource inventory totalling 17.8 million tonnes at 4.4 g/t Au for 2.5 million ounces
(refer to table 1) an increase of 70% from the June 2009 inventory (refer to table 2). The
June 2010 resource inventory is calculated after allowing for the previous year’s mining
depletion of 66,700 ounces.
Silver Lake’s discovery cost continues to be less than A$10 per ounce.
Not all of the recent drilling success has been included in the latest inventory as drilling
is ongoing. A further resource upgrade will be announced in January 2011 to include:
- expanded resources at Magic and Daisy East;
- maiden resources for Lena South, Leviticus and Numbers in the Murchison; and
- other resources as defined by our ongoing drilling campaigns over the next six
months.
“To add over 1 million ounces of gold to our resource inventory during the year after
mining 66,700 ounces is a significant outcome and supports our view on the
underexplored, highly prospective nature of our Mount Monger Operations and Murchison
projects. Further encouraging results are expected from our ongoing drilling programmes
throughout the year as many of these resources are by no means closed out” said
Managing Director Les Davis.
“The immediate implications of the increased resource base at a sustained high grade,
are to confirm a mine life at our Mt Monger Operations well beyond 5 years and to make
a second production centre in the Murchison more likely than not”, Mr Davis added.
The next six months surface drilling programmes at Mount Monger will mainly be
targeting the thick high grade zones intersected at the Magic deposit located 3km south
of Daisy which include:
- 11 metres at 59.4 g/t Au from 251 metres (including 1.5 metres at 243 g/t Au);
- 10 metres at 19.1 g/t Au from 52 metres;
- 3 metres at 23.8 g/t Au from 44 metres; and
- 15 metres at 4.7 g/t Au from 272 metres;
The mineralisation at the Magic deposit remains open to the south and at depth.
Underground drilling programmes over the next six months will be targeting the northern
extent at Daisy East and extensions to Emma, Rosemary and Haoma.
The Moyagee Project (refer to figure 3) contains 35 km of the highly prospective Lena
Shear zone. The Lena deposit is located in this shear zone and already has a resource of
820,000 tonnes at 8.5 g/t Au for 224,200 oz (refer to table 1).
Infill drilling will be undertaken over the next six months at Lena South, Leviticus and
Numbers prospects to calculate a maiden resource for each area (refer to figure 4).
For more information about Silver Lake and its projects please visit our web site at
www.silverlakeresources.com.au.
For further information please contact
Les Davis
Managing Director
+61 8 6313 3800
contact@silverlakeresources.com.au
About Silver Lake Resources Ltd:
Silver Lake is an ASX 300 gold producing and exploration company with a resource base of
2.5 million oz in highly prospective regions including the Mount Monger goldfield and the
Murchison (Tuckabianna, Comet, and Moyagee). Silver Lake’s strategy is to develop large
production centres at Mount Monger and at the Murchison with multiple mines at each
centre.
Silver Lake’s Mount Monger Operation contains the Daisy Milano and Daisy East
underground mines located 50 km south east of Kalgoorlie.
Mount Monger has additional multi mine potential underpinned by emerging open pit
production from Magic, Costello and Lorna Doone deposits. Furthermore the discoveries
of Emma and the extension of the Rosemary lode show potential as near term production
sources.
Gold ore from Mount Monger is transported to Silver Lake’s 600,000 tpa Lakewood Gold
Processing Facility located 5 km south east of Kalgoorlie and 45 km from the Daisy Milano
mine.
The Company continues to review low capital milling options for the Murchison project.
Ongoing exploration will focus on extending current resources that are constrained by
limited drilling particularly below 100 metres depth. Our strategy is to delineate
sufficient resources to sustain a 100,000 oz per annum operation.
Silver Lake’s exploration programme is targeting1 5 million oz Au in resource.  

Silver Lake Resources (ASX: SLR) has committed to progressively upgrade the Lakewood Gold Processing Facility to one million tonnes per annum.

The current capacity is 400,000 tonnes annually of hard rock, or 600,000 tonnes of soft rock.

The result will be by 2014 that the company can produce 200,000 gold ounces annually from the Mount Monger Operations.

Mount Monger has a JORC Resource of; 4.73 million tonnes at 8.7 grams per tonne (g/t) for 1.33 million ounces of gold.

Stage one of the upgrade will move to 700,000 tonnes of hard rock, with a budget estimate between A$7 million and A$8 million.

Stage two for the one million tonnes of hard rock has a budget  

successfully completed the 520 metre ventilation shaft at Mount Monger

Silver Lake Resources (ASX: SLR) has successfully completed the 520 metre ventilation shaft at Mount Monger, removing a constraint on its underground operations, moving a step closer towards production target of 200,000 ounces per annum by 2014.

The other requirement for stepping up production to meet this target is the upgrade and debottlenecking of the Lakewood Gold Processing Facility to 1 million tonnes per annum by September 2012 quarter. This project is underway and on target.

The Mount Monger operation contains the Daisy Milano and Daisy East underground mines, along with the Costello open pit, located 50 kilometres from Kalgoorlie in Western Australia.

Production at Mount Monger is currently being sourced from three independent mines: Daisy Milano, Daisy East and initial ore development at Rosemary.

The company's Three Daisy Milano strategy is built around having three independent mines accessed from existing infrastructure and each producing approximately 60,000 ounces per annum by 2014.

Les Davis, Silver Lake’s managing director, said “we are currently mill constrained and our focus is now on completing the Lakewood Gold Processing Facility expansion to 700,000 tonnes per annum by December 2011 and up to 1 million tonnes per annum by September 2012 quarter.”

A first stage commitment has been made to expand the Lakewood Gold Processing Facility at a cost of A$7.0 to A$8.0 million.

Documentation for the approvals process has been submitted to the regulatory authorities, engineering scope is nearing completion, and refurbishment of girth gear and electric motor has commenced.

Also, removal and relocation of a 1.6 megawatt mill from the company's wholly owned milling facility located 30 kilometres north of Leonora is in progress.

In addition, the company has intersected more near surface high grade from Resource definition drilling at Wombola Dam as part of ongoing exploration at its Mount Monger Operations.

Silver Lake would be encouraged by the numerous high grade, near surface intercepts including the following results that assay over half an ounce of gold per tonne:

- 1.0 metre at 79.5 grams per tonne (g/t) gold from 10 metres;
- 2.0 metres at 76.5 g/t gold from 22 metres;
- 2.0 metres at 49.0 g/t gold from 6 metres; and
- 2.0 metres at 41.9 g/t gold from 13 metres.

Resource definition drilling down to 30 metres has been completed and a decision to mine is expected in the September 2011 quarter.

Silver Lake is targeting to increase production from the Mount Monger Operations to 200,000 ounces per annum by 2014 via mining from multiple underground and open pit ore sources.

Silver Lake’s Mount Monger Operations have a current JORC Resource of 4.73 million tonnes at 8.7 g/t for 1.33 million ounces of gold.

The Wombola Dam deposit is located 5 kilometres north west of the Daisy Milano mine and has a current JORC Resource of 557,200 tonnes at 3.0 g/t for 53,500 ounces of gold.

Diamond drilling is in progress at Haoma and multiple mineralised structures west of Daisy Deeps. Several drill holes have been submitted for assaying with results due within two weeks.

Furthermore, the historic mining areas at Daisy Milano above the 12 level covering 320 vertical metres have been inaccessible due to the primary ventilation system exhausting through these areas.

Now that the ventilation shaft has been completed, plans are in place to re-enter these areas.

Previous production records and accounts of previous operators indicate there is potential for additional near term production sources and resource extensions from these areas.

Comment

Silver Lake, under Les Davis has continued to "tick all boxes" over the past 2-3 years.

Recent pullback in market valuation with the market malaise provides an opportunity for investors to re-load on Silver Lake and benefit from its growing production profile.

Continuing consolidation within the gold sector could see investors benefitting as investors re-rate companies like Silver Lake.  

Silver Lake Resources (ASX: SLR) has commenced initial ore development from the Haoma underground mine, which has the potential to become the next Daisy Milano size deposit at Mount Monger.

The Mount Monger operation previously contained the Daisy Milano and Daisy East underground mines, along with the Costello open pit, located 50 kilometres from Kalgoorlie in Western Australia.

Production is now being sourced from Daisy Milano, Daisy East, Rosemary and Haoma.

The Haoma deposit is an important part of Silver Lake's "Three Daisy Milano" strategy which has three independent mines accessed from the same decline infrastructure producing 60,000 ounces (oz) per annum each by 2014.

Initial ore development has commenced and the company said it still has two years to get the development in place and ramp the Haoma deposit up to 60,000 oz per annum.

The company is targeting to increase production from the Mount Monger Operations to 200,000 oz per annum by 2014 via mining from multiple underground and open pit ore sources.

Silver Lake’s Mount Monger operations have a current JORC Resource of 4.73 million tonnes at 8.7 grams per tonne (g/t) for 1.33 million oz of gold.

Les Davis, Silver Lake’s managing director, said “Haoma has the potential to become the next Daisy Milano size deposit and we look forward to further encouraging results as we continue ore development on the 32 level and receive assay results from the ongoing drilling program.”

Haoma is an historic underground mine located west of the Daisy Milano decline and the deposit was mined at a grade of 28.9 g/t gold down to a vertical depth of 180 metres until mining ceased due to tenement boundary constraints.

Haoma has a current JORC Resource of 109,300 tonnes at 18.7 g/t gold for 65,600 oz of gold and is subject to an ongoing underground drilling campaign.

An access drive has been completed to the Haoma 32 level from the Daisy Milano infrastructure about 420 metres below the historical workings.

Ore driving has now commenced and vein grades have returned assay results of 1,499 g/t gold over a vein width of 0.1 metres for the 32 level north face and 98 g/t gold over a vein width of 0.8 metres for the 32 level south face.

Based on the minimum mining width for ore development of 2.4 metres, the diluted mined grades for both these faces averages over 1 ounce of gold per tonne.

The completion of the ventilation shaft within Daisy Milano on time and on budget on June 21 was an important pre-cursor to Silver Lake increasing production to 200,000 ounces per annum.

The remaining requirement of upgrade and debottlenecking the Lakewood processing facility is on target.

Under the guidance of Les Davis Silver Lake has continued to "tick all boxes" over the past 2-3 years.

The recent market malaise provides an opportunity for investors to re-assess Silver Lake and benefit from its growing production profile.

Investors may benefit as companies like Silver Lake could well be re-rated due to continuing consolidation within the gold sector.
Register here to be notified of future Silver Lake Resources articles.  

http://www.proactiveinvestors.com.au/companies/...t-monger-17660.html  

Silver Lake Resources (ASX: SLR) continues to deliver a string of class announcements from the Mount Monger and the Murchison operations - with the latest a 10% boost in gold resource inventory to 3.3 million ounces.

An extra tick for the result is the upgrade was calculated after allowing for the previous six months’ mining depletion of 40,500 ounces.

The current JORC Resource now comprises; 24.1 million tonnes at 4.2 grams per tonne (g/t) gold for 3.3 million ounces.

Adding some extra spice to the news, Silver Lake said that mining reserves for Mount Monger and the Murchison will be announced at the end of 2011.

The company also pencilled in another resource upgrade forecast to be announced in January 2012, which will include expanded resources at Haoma, Daisy Deeps and other resources as defined by ongoing drilling campaigns over the next six months.

Les Davis, managing director, told Proactive Investors today that Mount Monger hosts four independent mines with a total resource of over 1 million ounces accessible from the same decline infrastructure.

"Over time and once sufficient mine development is in place, we plan to mine 180,000 ounces from these mines that will be all trucked out of the same decline which reduces our capital cost per ounce.

"In the Murchison we now have 850,000 ounces in the Measured and Indicated resource status which will determine the base case reserve for the project."

Silver Lake is now looking to expand production at Mount Monger and to commence development at the Murchison.

In the next six months at Mount Monger the company will conduct surface drilling programs targeting the ultramafic belt for Daisy Milano style deposits and step out drilling around Wombola.

At Murchison - strike and depth extensions will be targeted in the short term to the planned underground mines at Caustons, Tuckabianna West and Comet.

Drilling will also commence at Eelya complex prospective for copper over four large electromagnetic conductors at Hollandaire, Colonel, Mount Eelya, and Eelya South.  

http://www.ariva.de/news/...erformen-Frankfurter-Boersenbrief-3905087  

Silver Lake Resources eyes potential third production centre with 1Moz gold project acquisition
Wednesday, January 25, 2012 by Angela Kean
Silver Lake Resources managing director Les Davis told Proactive Investors today the acquisition of the 1Moz Great Southern Gold Project delivers further growth to the company beyond the ramp-up of Mount Monger and the development of the Murchison. Importantly, it will provide Silver Lake with a third potential production centre.

Silver Lake Resources (ASX: SLR) will acquire an advanced gold exploration project with 1 million ounces in gold Resources and numerous targets in Western Australia following an agreement with Phillips River Mining.

Under the deal, Silver Lake and Phillips River have agreed to merge Phillips River’s assets into Silver Lake by a Scheme of Arrangement.

The acquisition has a transaction value of about $20 million, or about 2.5% of Silver Lake’s current market capitalisation.

With a JORC Resource of 1 million ounces of gold, 10 million ounces of silver and 95,000 tonnes of copper the assets represent an attractive medium term growth platform for Silver Lake.

Post-merger the Philips River assets will be collectively known as the Great Southern Gold Project.

Great Southern has two discreet exploration projects, Kundip and Munglinup covering more than 2,500 square kilometres of tenements located in southeast Western Australia.


Kundip Mining Centre

The Kundip Mining Centre has a current JORC resource of 1 million ounces of gold, 10 million ounces of silver and 95,000 tonnes of copper contained in two main mining centres within 10 kilometres of each other that have been subject to a Definitive Feasibility Study (DFS).

The Trilogy orebody is a polymetallic deposit located on cleared freehold farmland owned by Phillips River.

At this stage, Silver Lake does not view Trilogy as a priority and will not be pursuing the DFS to develop the deposit.

Kundip constitutes a number of high grade gold ore bodies. These deposits have been mined in the past on a small scale producing 121,000 tonnes at 18g/t for 68,000 ounces of gold from both underground and open pit sources that are underexplored at depth.

The regional potential is high at Kundip for further high grade gold deposits to be identified through a systematic and ramped up exploration campaign.

Kundip has a current JORC Resource of 8.9 million tonnes at 2.7g/t for 0.8 million ounces of gold.

The DFS for Kundip delivered a probable mining reserve of 2.8 million tonnes at 3.4g/t for 307,000 ounces of gold, with an average copper grade of 0.4%.

Post ramp up of Mount Monger and development of the Murchison in 2013, Silver Lake will increase regional gold exploration at Kundip with the view to establishing a third gold mining centre, with potential copper and silver credits.

Silver Lake will also assess a low capital operating scenario with a simple and straight forward processing circuit.

In addition, exploration will focus on infill drilling to convert current resources to reserves, extensional drilling to expand current resources and step out drilling to delineate new resources.


Munglinup Project

Munglinup is a large greenfield exploration project covering over 1,600 square kilometres in the Albany Fraser belt.

This is one of Australia’s most significant gold belts and hosts the 5 million ounce Tropicana deposit located 500 kilometres to the northeast.

The tenement package is on cleared agriculture ground with shallow cover and is essentially unexplored.

Initial exploration will consist of geochemical and geophysical methods to establish target areas for follow up drilling.

Importantly, the acquisition fits in with Silver Lake’s long running strategy of acquiring gold assets that provide the company with a dominant position in a highly prospective region, existing JORC Resources with significant scope to extend those resources, near term production ability and substantial exploration potential.


Mount Monger and Murchison

Acquiring Phillips River’s assets allows Silver Lake to further grow its gold business post ramp up of Mount Monger and development of the Murchison.

Silver Lake is targeting to increase production from the Mount Monger Operations to 200,000 ounces per annum by 2014 via mining from multiple underground and open pit ore sources.

The Mount Monger Operations have a current JORC Resource of 5.1 million tonnes at 8.9 grams per tonne (g/t) for 1.5 million ounces of gold.

In the Murchison, Silver Lake is developing a second gold mining operation with multiple mines feeding a central processing facility.

Production is expected to begin in the March quarter of 2013, ramping up to 100,000 ounces per annum in 2014.

The Murchison Project has a current JORC Resource of 18.4 million tonnes at 2.8g/t for 1.7 million ounces of gold.

Silver Lake is also actively exploring the Murchison with a $20 million budget for base metal targets within the Eelya Complex following the discovery of the high grade Hollandaire copper deposit.


Post-Merger

On completion of the merger of Phillip River’s assets, Silver Lake will have 4.3 million ounces of gold inclusive of 442,000 ounces of reserve and 10 million ounces of silver and 95,000 tonnes of copper across three substantial project centres.
Quelle proactivinvestor  

Frankfurt (www.aktiencheck.de) - Die Experten von "Prior Gold" erwarten für die Silver Lake Resources-Aktie (Silver Lake Resources Aktie) eine weiterhin gute Performance.

Silver Lake Resources sei ein Goldproduzent aus Australien. Das Unternehmen sei im November 2007 zu einem Kurs von 0,30 Australische Dollar (AUD) an die Börse gekommen. Aktuell koste eine Silver Lake Resources-Aktie 3,55 AUD. Nach Meinung der Experten sollte der Höhenflug anhalten, denn die Bewertung gehe fundamental in Ordnung.

Die Hauptassets von Silver Lake Resources seien das Mount Monger- sowie das Murchinson-Projekt. Hinzu komme ein Erkundungsgebiet mit dem Namen Great Southern, wo 1 Mio. Unzen im Boden schlummern würden. Bei Mount Monger seien es 1,5 Mio. Unzen.

Bei Mount Monger würden aktuell rund 100.000 Unzen pro Jahr gefördert. Die Produktion solle dort in den nächsten zwei Jahren auf 200.000 Unzen verdoppelt werden. Die Minendauer werde auf zehn Jahre taxiert.

Die Schätze des Murchinson-Projekts lägen bei 1,7 Mio. Unzen. Hier solle ab dem dritten Quartal 2013 die Produktion gestartet werden. Pro Jahr solle die Förderung dann bei 100.000 Unzen liegen.

An der Börse sei Silver Lake Resources mit 790 Mio. AUD bewertet. Das Unternehmen habe keine Schulden und arbeite seit seiner Gründung profitabel. Im abgelaufenen Geschäftsjahr 2011 seien 90 Mio. Dollar umgesetzt und netto 15,8 Mio. Dollar verdient worden. Für das laufende Jahr würden die Experten einen Umsatz von 171 Mio. AUD sowie einen Überschuss von 56 Mio. AUD für möglich halten.

Der Titel sei mit einem KGV von 14 moderat bewertet. 2011 sei das Unternehmen in den ASX-200-Index aufgenommen worden.

Die Unternehmensführung suche mit Hochdruck nach neuen Vorkommen und daher würden die Experten eine weiterhin gute Performance erwarten. Den Experten gefalle auch die Aktionärsstruktur. So halte die Führungsspitze 11% des Grundkapitals. Der Hedgefondsmanager sei mit 8% beteiligt und hinzu kämen zahlreiche Fondsadressen.

Die Experten von "Prior Gold" erwarten für die Silver Lake Resources-Aktie eine weiterhin gute Performance. Im Rahmen ihres Prior-Ratings würden die Experten für den Titel vier von maximal fünf Sternen vergeben. (Ausgabe 05 vom 15.03.2012)
(15.03.2012/ac/a/a)  

aber keine Fantasie? http://www.goldinvest.de/index.php/...a-mining-fuer-426-mio-aud-25630

 

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