| Announcement Date: | 2023-01-30 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Silver Mines Ltd. |
| Project name: | Bowdens |
| Location: | Australia |
| Commodities: | Gold,Silver,Lead,Zinc |
| Highlight: | Drilling results incl. 99m at 0.62g/t Au, 10g/t Ag, 0.35% Pb, 0.39% Zn from 159m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Silver Mines Limited (ASX:SVL) (“Silver Mines” or “the Company”) is pleased to announce an update on exploration drilling activities and recent assay results from the Bowdens Silver Project located near Mudgee in New South Wales. Following the release of a maiden underground Mineral Resource1 , exploration has shifted to testing extensions of mineralisation outside the current planned open-cut pit design and testing for higher grades within the open-cut pit design. Multiple areas have been targeted for extensions including in the north at Main, Aegean and Northwest Zones and in and to the south of the planned open-cut pit where anomalous gold has been identified2 . This release outlines significant assay results received from continued diamond drilling around the Bowdens Silver Deposit and from a re-assay program of historic drill pulp samples for gold (refer to Figure 1). |
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