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Silver Mines Ltd.
Summary
| Project: | Bowdens | |
|---|---|---|
| Deposit: | Bowdens | |
| Location: | Australia | |
| Commodities: | Silver-Zinc-Lead | |
| Date: | 12/9/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-12-2016: Silver Mines Ltd. announces an Exploration/Drilling Update report for its Bowdens deposit at the Bowdens project. Drilling results incl. 124m @ 85g/t Ag, 0.19% Zn, 0.20% Pb from 118m. Silver Mines Limited (ASX:SVL) (“Silver Mines” or “the Compa | |
| 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 the second hole of a 38,000 metre drill program at the Bowdens Silver project located near Mudgee in New South Wales. The second diamond core hole (BD16002) was designed to test and confirm silver-rich mineralisation in the northern portion of the current known resource. The hole recorded several high-grade silver intersections. These results continue to surpass the Company’s expectations in this area of the deposit. The results from the zone intersected support the justification of further delineation of the extent of the high-grade core of silver mineralisation. These high-grade 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 and basemetal sulphide breccias. Furthermore, BD16002 intersected mineralised Ordovician basement sediments in contact with silicified faulting beneath the volcanic rocks at a depth of 291 metres. The zone included 6 metres averaging 139g/t silver, 0.23% zinc and 0.31% lead (153g/t silver equivalent). This style of mineralisation was also encountered in BD16001 from 314 metres. These deeper intersections indicate the further potential for a high-grade mineralisation in basement rocks beneath the Rylstone Volcanics. Work is on-going to assess the significance of this deeper mineralisation. | |
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