Silver Lake Resources Limited (ASX: SLR) received the Board’s consent for developing the Santa Underground Mine.
- SLR intents to inch up the shallow high-grade ore sources at Mount Monger and Santa underground would be the third shallow high-grade underground mine at the Mount Belches Mining Centre.
- Santa prospect of the company hosts the Ore Reserve of 257k tonnes with an average grade of 3.5 gram per tonne for 29,000 ounces, which represents a production area immediately below the base of a north pit in the Santa West Limb.
- The recent drilling at the Santa West Limb has given some strong grades including 280g/t and 48.6g/t of gold.
The stock quoted $1.03, up by 3.18% at AEST 1:39 PM on 25 October 2019.
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