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Silver Mines Ltd.
Summary
| Project: | Bowdens | |
|---|---|---|
| Deposit: | Bowdens | |
| Location: | Australia | |
| Commodities: | Silver-Zinc-Lead | |
| Date: | 11/22/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-11-2016: Silver Mines Ltd. announces an Exploration/Drilling Update report for its Bowdens deposit at the Bowdens project. Drilling results incl. 95.7m @109g/t Ag, 0.27%Zn, 0.40% Pb from 90.3m. Silver Mines Limited (ASX:SVL) (“Silver Mines” or “the Com | |
| 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 first drill results from a 38,000 metre drill program at the Bowdens Silver project located near Mudgee in New South Wales. The first diamond core hole (BD16001) was designed to test and confirm silver-rich mineralisation at the northern end of the current known resource. The hole recorded several high-grade silver intersections within a broad zone of silver mineralisation. These initial results have surpassed the Company’s expectations in this area of the deposit and will improve the existing resource model. The results from the zone intersected support the justification of further delineation of the extent of the high-grade core of silver mineralisation. These zones have the potential to considerably enhance the project economics currently being assessed in mine planning. 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. Furthermore, BD16001 intersected the Ordovician basement sediments beneath the volcanic rocks at a depth of 295 metres. These basement sediments include a zone of 4.55 metres averaging 70g/t silver from 313.7 metres. This deeper intersection indicates the potential for a feeder zone beneath the Rylstone Volcanics. Work is on-going to assess the significance of this deeper mineralisation. | |
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