FINWIRES · TerminalLIVE
FINWIRES

Silver Mines Completes Field Mapping Program at California Project

By

Silver Mines (ASX:SVL) completed a field mapping program at the Calico North project in California, assessing along-strike variation in grade, as well as volume controls on higher grade portions, with 219 rock samples collected, and phase one drill planning is underway, according to a Thursday Australian bourse filing.

Around 20% of the samples returned assays greater than 50 grams per tonne grade of silver, and 10% returned assays greater than 100 g/t grade of silver. The mapping and rock chip sampling program also confirmed the presence of barite, a designated critical mineral in the US.

It also completed a field mapping program and an initial ground magnetic survey at the Kramer Hills project, also in California, confirming the location of the target structure to the west of the historic Shaherald pit.

Related Articles

Asia

Shenzhen Huaqiang Industry Forecasts Up to 120% Surge in Q1 Profit

Shenzhen Huaqiang Industry (SHE:000062) forecasts an 80% to 120% rise in its net attributable profit to between 190 million yuan and 232.3 million yuan in the first quarter from 105.6 million yuan in the year-ago period, according to a Wednesday filing with the Shenzhen bourse.The electronic information products maker attributed the expected rise to an increase in revenue from its storage products, with shipments surging 250% year over year, the filing said.Shares decreased 2% during the midday break on Wednesday.

SHE:000062
Asia

Shanghai International Airport Logs Higher March Passenger Throughput

Shanghai International Airport (SHA:600009) reported higher passenger throughput at its two airports in March, according to a Wednesday filing with the Shanghai bourse.At the Pudong International Airport, passenger throughput rose 11% year over year to 7.4 million, while its cargo and mail throughput climbed 8.1% to 372,100 tons, and aircraft movements increased 4.7% to 47,395 flights.The Hongqiao International Airport saw a 6.1% year-on-year rise in passenger throughput to 4.4 million, while cargo and mail throughput inched up 0.3% to 35,700 tons, and aircraft movements increased 2.4% to 24,683 flights.

SHA:600009
Asia

Hengyi Petrochemical's Q1 Profit Skyrockets 3,774%

Hengyi Petrochemical's (SHE:000703) net profit attributable to shareholders in the first quarter skyrocketed 3,774% to 1.99 billion yuan from 51.5 million yuan a year earlier, according to a Shenzhen bourse filing on Wednesday.Earnings per share surged 2,600% year on year to 0.54 yuan from 0.02 yuan.The petrochemical producer's operating revenue rose 10% to 29.9 billion yuan from 27.2 billion yuan in the prior year.

SHE:000703