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Silver Mines Ltd.
Summary
| Project: | Barabolar | |
|---|---|---|
| Deposit: | Cringle, Kia Ora West | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 7/31/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-7-2019: Silver Mines Ltd. announces an Exploration/Drilling Update report for its Cringle, Kia Ora West deposit at the Barabolar project. Drilling results incl. 6m @ 0.43g/t Au, 2.25g/t Ag, 0.018% Cu, 0.019% Pb, 0.043% Zn. During the June 2019 quarter | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Darren Holden (Internal) | |
| ABSTRACT: | During the June 2019 quarter Silver Mines Limited (ASX:SVL) (“Silver Mines” or “the Company”) reported preliminary results from various Environmental Impact Statement (EIS) specialist consultancy reports for the proposed development of the Bowdens Silver Project located approximately 26 kilometres east of Mudgee in the Central Tablelands Region of New South Wales. The Bowdens Silver Project is the largest undeveloped silver deposit in Australia and lies within Exploration Licence 5920 which is 100% held by the Company. The development Project comprises an open-cut mine feeding a new processing plant comprising a conventional milling circuit and differential flotation to produce two concentrates that will be sold for smelting off site. Plant capacity is designed for 2.0 million tonnes per annum with a project life of 17 years. Life of mine production is planned to be approximately 53 million ounces of silver, 116,000 tonnes of zinc and 83,000 tonnes of lead. The Company is in the final stages of completing the EIS and expects to lodge to the NSW Department of Planning and Environment during the second half of calendar 2019. A Mining Lease application and a Development Application (DA) will be lodged in conjunction with the EIS. In the ASX release of 21st June 2019, Managing Director Anthony McClure stated “Baseline environmental data capture at Bowdens has been ongoing for approximately eight years so we have a comprehensive dataset to draw from. Since acquiring the project in mid-2016, we have progressed with a methodical de-risking and we are delighted to announce that the preliminary key components of the EIS have been successfully determined with particularly favourable outcomes.” | |
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