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Silver Mines Ltd.
Summary
| Project: | Bowdens | |
|---|---|---|
| Deposit: | Bowdens | |
| Location: | Australia | |
| Commodities: | Silver-Zinc-Lead | |
| Date: | 4/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-4-2017: Silver Mines Ltd. announces an Exploration/Drilling Update report for its Bowdens deposit at the Bowdens project. Drilling results incl. 118.8m @ 58g/t Ag, 0.51% Zn, 0.49% Pb from 76.2m. 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 drill assay results from a further three holes (BD16010, BD16011 and BD17013) at the Bowdens Silver project located near Mudgee in New South Wales. BD17013 was designed as both a resource definition and metallurgical test hole in the western part of the Bowdens Silver resource, referred to as “Bundarra”. Holes BD16010 and 011 were primarily designed to test for depth extensions, BD16010 at depth beneath “Main Zone” and BD16011, along strike to the north of “Main Zone”. The results from BD17013 (76.2 metres to 195 metres and 213 metres to 249.8 metres EOH) confirm and vertically extend higher-grade silver mineralisation to approximately 100 metres below the current resource. This intersection represents one of the thickest high grade silver intersections recorded to date for Bundarra. Assays remain pending for drill hole BD17007 which was completed further west and down dip from BD17013. 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. The current drill program involves infill drilling to convert inferred resources to measured and indicated resource categories as well as testing for potential extensions of the known mineralisation. The total program, consisting of 178 holes for 38,000 metres of drilling will be a combination of diamond core and reverse circulation drilling. | |
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