Silver Star Resources encompasses the Texas Silver, Twin Hills, and Silver Spur mines, along with all associated mining leases and exploration permits. Spanning approximately 247,000 hectares (610,375 acres) in Queensland, Australia.
Silver Processing Facility and Diemme Filter Presses
Texas Silver Occupies over 70 hectares of significant resource rich tenements located in the mine friendly region of Queensland Australia.
Texas Silver includes the established Twin Hills and Silver Spur Silver Mines and a broader portfolio of advanced silver and polymetallic base metal exploration targets, such as the Mount Gunyan, Hawker, Harrier, and Hornet deposits. These deposits have demonstrated high-grade silver resources of 19.5 million ounces according to JORC and with the potential to expand those resources to a estimated potential of an additional 30 to 50 million ounces of silver, as well as potential discoveries of other base metals.
The Texas Silver portfolio includes two mining tenements and four exploration licences. Extensive historical drilling data and stored drilling core stored on site to JORC compliance from past exploration programs have identified significant silver prospects, with potential for gold, copper, zinc, and other metals on the critical minerals list.
The Texas Silver Mine is located 10 km east along the Stanthorpe-Texas Road from the township of Texas in Southern Queensland. Geologically, the Granite Belt Project is situated in the northern part of the New England Orogeny, consisting of a highly deformed package of Ordovician to Permian sediments and volcanics. Deformation within the fold belt is complex, ranging from the Lower Carboniferous to Middle Permian periods. Historically, exploration within the Granite Belt Project has successfully defined silver mineralisation at the Twin Hills Deposit and silver/gold mineralisation at the Mt Gunyan Deposit.
Initial geological surveys indicate base metal deposits in the Mt. Gunyan area.
Prospecting and early discoveries at the future site of the Texas Silver Mine.
Development begins at Mt. Gunyan Mine, focusing on copper extraction.
Mt. Gunyan Mine expands operations to include zinc and lead.
Silver Spur Mine experiences a resurgence in production.
Peak production years at Texas Silver Mine.
Discovery of significant gold deposits near Twin Hills prompts exploration.
Mt. Gunyan Mine closes due to economic pressures.
Commissioning of the crushing plant
Temporary closure and reopening of Twin Hills Mine due to poor Silver prices.
Feasibility study conducted at Mt. Gunyan for potential restart.
Further expansion projects announced for Twin Hills Mine.
Due to low silver prices Mining operations cease with a focus on exploration initiated at Mt. Gunyan.
The Texas Silver mine and assets acquired by Texas Silver
The discovery of silver in Queensland dates back to the late 19th century. The Texas Silver Mine, located near the town of Texas, Queensland, and the Silver Spur Mine, situated nearby, were among the most notable silver mining operations in the area. Prospectors, driven by the allure of precious metals, ventured into the region, leading to the discovery of rich silver veins.
The Texas Silver Mine was discovered in the 1890s, marking the beginning of a silver rush that attracted miners and investors from across Australia and beyond. The Silver Spur Mine followed shortly after, further contributing to the burgeoning silver mining industry in Queensland.
In the 1970s and 1980s, there were several efforts to revive the Texas Silver Mine and the Silver Spur Mine. Advances in mining technology and improved economic conditions led to renewed interest in these historic sites. Exploration companies conducted extensive geological surveys to identify further silver deposits and assess the feasibility of restarting operations but the silver price continued to lag and the cost to extract the reserves outweigh the commercial viability
The Texas Silver Mine is currently in care and maintenance and can be shovel ready in a very short period of time. With all the relevant approvals to start operations in the very near future, are poised for an exciting resurgence. With the rising prices of silver and advancements in mining technology, the potential for future exploration and development is significant.
Today, the increasing value of silver due to the massive growth of solar and cutting-edge technology are driving renewed interest in these historic sites. Advanced mining technology promises more efficient and cost-effective extraction processes, making it feasible to access previously uneconomical deposits. This renewed interest, driven by favorable market conditions and technological advancements, positions the Texas Silver Mine and the Silver Spur Mine for a robust comeback, contributing significantly to the economic prosperity of the region.
Innovative mining techniques and improved extraction methods have proven successful in reprocessing tailings and low-grade ore from previous operations. Blending these with existing in-ground ore reserves offers a substantial opportunity to increase production and recovery rates.
The future prospects for these mines are indeed promising, heralding a new era of growth and development in Queensland's rich mining history.
