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Silver Mines Ltd.
Summary
| Project: | Bowdens | |
|---|---|---|
| Deposit: | Bowdens | |
| Location: | Australia | |
| Commodities: | Silver-Zinc-Lead | |
| Date: | 6/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-6-2018: Silver Mines Ltd. announces an Exploration/Drilling Update report for its Bowdens deposit at the Bowdens project. Drilling results incl. 24.0m @ 108g/t Au, 0.37% Zn, 0.73% Pb from 283.0m . Silver Mines Limited (ASX:SVL) (“Silver Mines” or “the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Darren Holden (Internal) | |
| ABSTRACT: | Silver Mines Limited (ASX:SVL) (“Silver Mines” or “the Company”) is pleased to advise that it has received assay results from the first section of hole BRD18001 drilled at the Bowdens Silver project located near Mudgee in New South Wales. BRD18001 was drilled to target an extension of the high-grade Northwest Zone beneath the Bowdens Silver Deposit (see Figure 1.). The drill hole was completed to a depth of 483.6 metres and targeted the down dip extent of high-grade mineralisation northwest of BD17021 and west of BD17018 (see Figure 2.). BRD18001 intersected a significant high-grade zone approximately 100 metres from any previous high-grade intercepts. The Northwest Zone remains open in several directions and the Company is currently modelling and targeting further extensions of this exciting new discovery. The Northwest Zone is a gently west dipping zone that resides beneath the northwest quadrant of the Bowdens open pit design and is constrained to the welded tuff unit of the Permian Rylstone volcanic. Predominantly the zone is a concentration of veining and fracture fill style mineralisation with silver being the dominant metal. With the completion of drilling BRD18001, it is evident the zone continues to the west and well beyond the current pit design. The 100-metre westward extension highlights further potential for an extensive system beneath and outboard from the Bowdens pit. This zone extends from 10600mN at the base of the pit design and dips gently to the west, its apparent plunge extends to the northwest and steepens from 10700mN. The overall lateral extent is some 150 metres west and 150 metres to the north. The zone remains open to the west. Current drilling of BRD18002 is testing 120 metres north of BRD18001. The insights from initial drilling of the Northwest Zone are encouraging with a high potential to extend the high-grade silver zone towards the source of mineralisation. With further successful drilling in the area and in particular the continued demonstration of high-grade silver over considerable widths, this zone may have the potential for the development of underground mining tonnages. | |
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