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Silver Mines Ltd.
Summary
| Project: | Bowdens | |
|---|---|---|
| Deposit: | Bowdens | |
| Location: | Australia | |
| Commodities: | Silver-Zinc-Lead | |
| Date: | 2/2/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-2-2017: Silver Mines Ltd. announces an Exploration/Drilling Update report for its Bowdens deposit at the Bowdens project. Drilling results incl. 24.7m @ 184g/t Ag, 0.03% Zn, 0.09% Pb from 249.3m. Silver Mines Limited (ASX:SVL) (“Silver Mines” or “the Co | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Scott Munro (Internal) | |
| ABSTRACT: | Silver Mines Limited (ASX:SVL) (“Silver Mines” or “the Company”) is pleased to advise that it has received the drill results from a further four holes (BD16003-006) of a 38,000 metre drill program at the Bowdens Silver project located near Mudgee in New South Wales. BD16005 was designed to test for northeast and depth extensions to the known resource. The results (4.0 metres @ 924g/t silver (936g/t silver equivalent)) demonstrate that high grade silver mineralisation continues very strongly at depth and well below the current resource and any previously known mineralisation in this area. This intersection extends high grade mineralisation a further 90 metres down dip from the current resource. Work is on-going to assess the significance of this deeper mineralisation. This drilling continues to surpass expectations and will expand the existing resource model in this area of the deposit. The results from the zone intersected support the justification of further delineation at depth under the current resource. Holes BD16003, 004 & 006 were designed to test the northwest flank of the current known resource. The results from BD16003 & BD16004 confirm that the mineralised system remains open to the northwest of the current resource. The mineralisation is hosted within felsic welded tuffs of the Permian aged Rylstone Volcanics, generally consisting of close-spaced base-metal sulphide and silver bearing veins in the order of 1 to 50 millimetres wide and base-metal sulphide breccias. | |
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