The West

Miner s silver lining
Miner's silver lining

Three pieces of eight from an 18th century shipwreck and a 15kg silver bar will headline the Diggers and Dealers display of MacPhersons Resources as the Kalgoorlie-based company trumpets its proposed Silver Super Pit.

The coins, stamped 1795, have been loaned from the private collections of two Goldfielders and are believed to have come from a shipwreck off Exmouth.

MacPhersons executive chairman Ashok Parekh, who also owns the Palace Hotel, was outside his famous watering hole on Saturday showing the bar to punters who posed for photographs and tested its weight.

The bar was worth about $12,678 based on silver prices from Friday’s close of trading.

It is less than 11 months since MacPhersons acquired its Nimbus silver project, located 8km east of KCGM’s Super Pit gold mine and Kalgoorlie-Boulder’s famous golden mile, taking the project from zero resources to 2.8Mt at 139g/t silver equivalent containing 12.5Moz.

In an announcement to the Australian Securities Exchange to be released today, MacPhersons lists its resource at 10.1Moz silver and 34,300t zinc with credits for gold, mercury, copper and lead.

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