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Silver Mines Ltd.
Summary
| Project: | Bowdens | |
|---|---|---|
| Deposit: | Bowdens | |
| Location: | Australia | |
| Commodities: | Silver-Zinc-Lead | |
| Date: | 4/8/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-4-2020: Silver Mines Ltd. announces an Exploration/Drilling Update report for its Bowdens deposit at the Bowdens project. Drilling results incl. 298.15m @ 0.6% Zn, 0.14% Pb, 7.05g/t Ag, 0.06g/t Au from 421m. Silver Mines Limited (ASX:SVL) (“Silver Mines | |
| 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 report that it has received laboratory assay results from the first drill hole, BD20001, of its 2020 deep exploration drilling program at the Bowdens Silver Project, located near Mudgee in New South Wales, Australia. Hole BD20001 intersected widespread sphalerite (zinc iron sulphide), galena (lead sulphide) and silver mineralisation, including zones with appreciable gold mineralisation. Mineralisation was intersected in the sedimentary Coomber Formation, which underlies the Rylstone Volcanics―the main host to Bowdens Silver Project. This drill hole represents a significant step-out from the Bowdens Silver project Mineral Resource. BD20001 intersected widespread mineralisation including sulphide supported breccia, quartz and semi-massive sulphide veins and stringer to disseminated sulphides. Significantly, the results of this hole indicate the potential for mineralised zones of higher grade within a large mineralised envelope. The pervasive zinc mineralisation is mainly hosted in the hanging and footwall shale and siltstone horizons of the Gully Fault, which is considered as the main conduit for mineralisation from an inferred intrusive source. The mineralisation surrounding the Gully Fault includes gold grades up to 3.09g/t over one metre and extends mineralisation some 400 metres from the Bundarra Zone beneath the main Bowdens Silver Deposit. | |
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