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Silver City picks up ground near Alkane's Boda

BATTLING junior Silver City Minerals is seeking exploration and market relevance with an option deal to acquire ground near Alkane Resources' Boda discovery in New South Wales' Lachlan Fold Belt.

Michael Quinn
So far as the market has been concerned, Silver City has been a non-entity since listing in 2011. The company hopes a new exploration focus will turn things around.

So far as the market has been concerned, Silver City has been a non-entity since listing in 2011. The company hopes a new exploration focus will turn things around.

The 200sq.km of tenure - located about 15km south of Boda - will cost Silver City A$10,000 cash, 17.25 million shares and 8.5 million options, as well as 1.5% net smelter royalty. Silver City has about...

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