Key excerpts from report:
Silver Mines has defined an exploration target at Webbs of
between 4.0 million and 7.0 million tonnes at 200-260 g/t silver for the Webbs Silver project. This target has
the potential to contain between 26 and 57 Million ounces of silver.
The Company anticipates that evaluation of the Webb’s project will remain the key focus for 2012. Additional drilling is planned and will be used to produce a new resource estimate for the project. It is expected the resource will continue increase with regard to tonnage and that JORC category will
be upgraded.
silver spot prices jump by 5.25%!, page-4
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