To be honest, I have no evidence that woolies mica was actually mica - but what else could it be? It's always been referred to as the mica flakes used by Woolies for christmas glitter.
Does it say anything in the book about it?
The pack does insist it's heat resistant.
Silver is a very difficult metal to incorporate with glass. Tiny bits like that would melt and react with the glass to produce ochrey yellow colours.
If silver was in it, I cannot imagine that
none of the silver would have reacted in any piece, so silver metal is completely ruled out.
Woolies wouldn't have been selling real silver flakes for glitter either - they'd tarnish so quickly they'd be useless, and real gold ould have been a tad expensive.
I can remember an oven door having a window made of mica in a lab.