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Silver Mines Ltd.
Summary
| Project: | Bowdens | |
|---|---|---|
| Deposit: | Bowdens | |
| Location: | Australia | |
| Commodities: | Silver-Zinc-Lead | |
| Date: | 3/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-3-2018: Silver Mines Ltd. announces an Exploration/Drilling Update report for its Bowdens deposit at the Bowdens project. Drilling results incl. 375.5m @ 0.38% Zn, 0.13% Pb, 5g/t Ag, 0.03g/t Au from 263.5m. The Company has received final assay results | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Scott Munro (Internal) | |
| ABSTRACT: | The Company has received final assay results (Table 1) from the fourth and final preliminary reverse circulation (‘RC’) pre-collared diamond core hole (BRD17095) completed as part of the recent deep drilling program testing Bundarra Deeps. BRD17095, was completed to a depth of 730 metres, the deepest to date across the Bowdens Silver Project area. Assay results from 0 to 417 metres were reported to the ASX on 5th February 2018. The results of the final assays confirm that BRD17095 has intersected a significant zone of Bundarra Deeps style mineralisation over a 376 metre down hole interval, the widest seen to date within the Project area. The results indicate that Bowdens Deeps remains open both down dip and along strike to the north. Additionally, the zinc to lead ratio has increased significantly down hole, a trend that is consistent with becoming more proximal to the potential source of the Bowdens and Bundarra Deeps mineralised systems. The Bowdens Silver Deposit has emerged as a large-scale Middle Permian aged precious and base metal epithermal system. A common characteristic of epithermal systems around the world is the association of a proximal heat-source (source) which commonly takes the form of a magmatic intrusion / porphyry. Importantly, these sources can be significantly mineralised with gold, copper and molybdenum. The recently completed deep drilling campaign has provided a platform to both significantly extend the Bundarra Deeps zone and to provide valuable geological data to allow exploration to be vectored towards the source of the mineralisation. | |
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