<\/p>\nSilver Lake is an ASX 300 gold producing and exploration company with a resource base of 2.5 Moz in highly prospective regions including Mount Monger and the Murchison goldfields of Western Australia. Silver Lake has a clear strategy to build a disciplined and high margin gold business producing from multiple mines in multiple mining centres.<\/p>\n
Silver Lake\u2019s accelerated exploration is targeting to significantly increase resources at its Murchison Project in Western Australia (refer to figure 1). This project already has a combined resource of 13.7 million tonnes at 3.0 g\/t Au for 1.3 million ounces.<\/p>\n
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\u2022 Tuckabianna West is delivering highly encouraging results:<\/b><\/p>\n
– Multiple mineralised zones contained within the deposit
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– Drilling to date has defined the mineralised zones over a 300 metre vertical depth beneath the previously mined open pit
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– Mineralisation remains open to the north, south and at depth
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– Strike extent to date averages 350 metres in length<\/p>\n
\u2022 High grade results including:<\/b><\/p>\n
– 3.0 metres at 18.3 g\/t Au from 143 metres
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– 3.9 metres at 15.4 g\/t Au from 170 metres
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– 2.0 metres at 16.2 g\/t au from 94 metres
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– 9.0 metres at 5.7 g\/t Au from 370 metres
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– 3.2 metres at 7.9 g\/t Au from 290 metres
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– 4.8 metres at 4.5 g\/t Au from 329 metres<\/p>\n
\u2022 Upgraded resource to be announced in January 2011 <\/b><\/p>\n