市场见解

The Silver Mines (ASX:SVL) share price falls despite positive drill results

The Silver Mines share price is falling today, despite the company delivering positive drill results. We take a closer look.
The post The Silver Mines (ASX:SVL) share price falls despite positive drill results appeared first on The Motley Fool Australia. –

Miner holding a silver nugget

The Silver Mines Ltd (ASX: SVL) share price is falling today, down 4% at 24 cents in late morning trading.

This comes despite the ASX silver miner reporting some positive assay results from the diamond drilling program at its Bowdens Silver Project in New South Wales.

What drilling results did Silver Mines report?

In today’s ASX announcement, Silver Mines reported the assays from its Bowdens project had revealed “outstanding high-grade drill results”. According to the company, Bowdens is the largest undeveloped silver deposit in Australia.

Preliminary results returned from the drill hole include:

  • 6 metres @ 471g/t silver equivalent (413g/t silver, 1.14% lead, 0.39% zinc) from 96 metres which includes:
  • 0 metres @ 1090g/t silver equivalent (966g/t silver, 2.86% lead, 0.56% zinc) from 97 metres; and
  • 1 metres @ 874g/t silver equivalent (789g/t silver, 1.67% lead, 0.59% zinc) from 122 metres

Commenting on the results, Silver Mines managing director Anthony McClure said:

We are delighted with the recent exploration from Bowdens Silver. Our team has been tenacious in its work in understanding the deposit and its extensions. This current hole BD21002 has produced some of the best intercepts ever returned at Bowdens further demonstrating the quality of the deposit.

McClure added that the company has 2 rigs on the site to continue with the exploration program to test other high-grade silver targets around the current resource and extensions at depth.

Silver Mines share price and company snapshot

As its name implies, Silver Mines is a silver exploration company. The company’s major NSW operations include projects at Bowdens, Barabolar, Webbs, Conrad, and Tuena.

With the price of silver recently hitting multi-year highs, long-term Silver Mines shareholders have been well rewarded. Over the past 12 months, the Silver Mines share price is up 120%. That compares to a 2% loss on the All Ordinaries Index (ASX: XAO).

Year-to-date, the Silver Mines share price is down 7%.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post The Silver Mines (ASX:SVL) share price falls despite positive drill results appeared first on The Motley Fool Australia.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!