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Synergy Metals Ltd, an Australian mineral exploration company, has been quoted on the Australian Securities Exchange (ASX) with the code of SML since 20 November 2001. It has approximately 3000 shareholders, mostly resident in Australia, but with some key international investors too. Its main office is in Bairnsdale in the East Gippsland region of Victoria and there is also a corporate administration office in Western Australia.

The company actively searches for minerals in Australia. In January 2004 Synergy Metals entered into a farm-in arrangement allowing it to acquire 100% of a parcel of strategically located tenements in the East Gippsland region in Victoria. These tenements cover approximately 2,100 sq km and include the historically significant gold mines and old workings at Glen Wills and Sunnyside which produced more than 235,000 ounces of gold from 1888 to the 1960s at grades in excess of 15 g/t.

Visible Gold in Drill Core

Visible Gold in Drill Core

Core from drill hole SSDH045 at Sunnyside showing visible gold. Interval 199.05 – 199.14 metres (down hole depth).

The region has historically hosted many minerals including gold, silver, tin, copper, zinc, lead, tungsten and molybdenum.

Synergy has assembled a strong exploration and management team and with the assistance of internationally recognised independent consultants, Coffey Mining Pty Ltd, is mounting a significant modern exploration program on its large land holdings.

Since 2004, Synergy has invested more than $12 million on drilling in excess of 25,000 metres of diamond drill core and on the construction of the initial development facilities at the Glen Wills and Sunnyside project site.

The group also holds exploration licence applications which abut the former copper-zinc Benambra base metals mine, as well as granted tenements that include the Merrimac and Granite Flats gold prospects.

Details of Synergy Metals’ reported inferred mineral resource and the exploration potential independently assessed by Coffey Mining can be accessed here.