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StoneBridge Snapshot – Silver Swan Group Limited
Posted on June 24th, 2009 No commentsStoneBridge Snapshot – Silver Swan Group Limited (SWN $0.35) – Austin VMS discovery shaping up
- SWN has a 100% interest in two highly prospective exploration properties near Meekatharra in Western Australia.
- Initial results from the Austin discovery have been extremely encouraging and we believe the likelihood that SWN has already discovered an economic VMS deposit is high.
- The company is currently raising additional capital which will fund a major drilling program that should enable an initial resource to be defined at Austin and Yagahong by early 2010.
- Results to date are encouraging and should these results continue we are confident that SWN will be able to define an economic Cu-Zn-Ag-Au VMS deposit at Austin.
- SWN’s exploration program over the next six months includes further extension and infill drilling at Austin, follow-up drilling at Yagahong and a modest regional program to test a number of magnetic anomalies that are similar to Austin.
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