Silver Lake Resources (ASX:SLR) has identified new resources at the Magic deposit at its Mount Monger operations. The Magic resource is 288,200 t at 5.3 g/t for 49,400 oz Au, all in the Inferred category. The Magic deposit represents another near surface open pit mining opportunity adjacent to Silver Lake’s existing infrastructure. Ongoing review of the Comet project as part of the Company’s pre-feasibility study into its Murchison assets has identified an additional 58,900 oz Au in resources, taking the total resource for the Comet project to 2,281,200 t at 4.0 g/t for 291,200 oz Au. Managing Director Les Davis said, “both of these additions to our resource inventory support our strategy of focusing on assets with near term production potential,” “At Mount Monger the Magic deposit is a clear candidate for an open pit operation at a high grade which supports our aim to fully utilise the Lakewood Gold Processing Facility in the near future. In the Murchison, we are now nearing 1 million oz Au in resources, which is a significant level of scale. The grades underline our focus on quality resources.”

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