This is not uncommon, copper is often alloyed with silver to increase tensile strength and hardness. This tends to work well in electrical applications with only slight depreciation in electrical conductivity. However, look at this chart:
http://www.scinfitech.com/engineerre.../thermcon.html
The numbers are significantly lower in the alloys than the pure metals. Look at the Silver-Nickel alloys, for example. I'm not aware of any mathematical model to this, so I can't say for sure how effective the specific alloy you're thinking of would be, but if you're thinking that the ratio of mass of the two will be equal to the ratio of the conductivities than you're out of luck.
Regardless, money and effort for silver blocks is better spent on copper block design and machining, better pumps, etc., etc.