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Silver Mines Ltd.
Summary
| Project: | Bowdens | |
|---|---|---|
| Deposit: | Plines | |
| Location: | Australia | |
| Commodities: | Silver-Zinc-Lead | |
| Date: | 7/31/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-7-2017: Silver Mines Ltd. announces an Exploration/Drilling Update report for its Plines deposit at the Bowdens project. Drilling results incl. 35.05m @ 230g/t Ag, 0.03% Zn, 0.5% Pb from 157m. Silver Mines Limited (ASX:SVL) (“Silver Mines” or “the Comp | |
| 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 provide an update on drilling from resource infill and extension drilling at the Bowdens Silver project located near Mudgee in New South Wales. Since the previous release dated 7th June 2017, Silver Mines has received additional results for 7 diamond core holes and 26 reverse circulation percussion holes. The resource drilling program is complete with results pending for 10 diamond core holes and 50 reverse circulation percussion holes. The Bowdens Silver Project is located in central New South Wales, approximately 26 kilometres east of Mudgee (Figure 5). The recently consolidated project area comprises 1,654 km2 (408,000 acres) of titles covering approximately 80 kilometres of strike of the highly mineralised Rylstone Volcanics. Multiple target styles and mineral occurrences have potential throughout the district including analogues to Bowdens Silver, high-grade silver-lead-zinc epithermal and volcanogenic massive sulphide (VMS) systems and copper-gold targets. Bowdens Silver is the largest undeveloped silver deposit in Australia with substantial resources and a considerable body of high quality technical work already completed. The projects boast outstanding logistics for future mine development. The Silver Mines strategy has been to consolidate quality silver deposits in New South Wales and to form Australia’s pre-eminent silver company. The Company’s goal is to provide exceptional returns to shareholders through the acquisition, exploration and development of quality silver projects and by maximising leverage to an accretive silver price. | |
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