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Silver Mines Ltd.
Summary
| Project: | Bowdens | |
|---|---|---|
| Deposit: | Bowdens | |
| Location: | Australia | |
| Commodities: | Silver-Zinc-Lead | |
| Date: | 3/23/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-3-2017: Silver Mines Ltd. announces an Exploration/Drilling Update report for its Bowdens deposit at the Bowdens project. Drilling results incl. 129m @ 89g/t Ag, 0.15% Zn, 0.28% Pb from 72m. Silver Mines Limited (ASX:SVL) (“Silver Mines” or “the Compan | |
| 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 (BD16007-009 & BD16015) of a 38,000 metre drill program at the Bowdens Silver project located near Mudgee in New South Wales. Holes BD16007, 008, 009 and 015 were designed to test both the continuity of high grade silver mineralisation and for depth extensions along the eastern portion of the Bowdens Silver resource. This eastern portion of the deposit is referred to as “Main Zone”. Hole BD17002 was designed to test for the continuity of deeper mineralisation along the western portion of the Bowdens Silver resource. The western portion of the deposit is referred to as “Bundarra”. The results from BD16007 72 metres to 148 metres down hole confirm the high-grade silver mineralisation from this portion of the resource and in addition, the interval from 148 metres to 201 metres down hole extends the current resource by up to 50 metres vertically. Furthermore, the high-grade interval from 235 metres in BD16007 is among the highest assays received for the project. Such high-grade structures at the Bowdens Silver deposit continue to provide encouragement for potential underground development scenarios in addition to the open pit development subject to the current Definitive Feasibility Study. The results from BD16008 which remain open to end of hole (252.6 metres) indicate that the mineralised system extends for up to 100 metres directly beneath 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 and basemetal sulphide breccias. | |
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