Total
0
Shares
Silver Mines (ASX:SVL) - Managing Director, Anthony McClure
Managing Director, Anthony McClure
Source: Finance News Network
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Latest drill assays from Silver Mine’s (SVL) Bowdens Project in New South Wales have yielded a significant round of high-grade silver intercepts
  • Key findings from the prospect — considered to be one of the largest untapped silver deposits in Australia — came in at 34.6 metres at 471g/t silver equivalent, including seven metres at 1090g/t silver equivalent
  • Silver Mines Managing Director, Anthony McClure says the results are some of the best intercepts ever returned at Bowdens
  • More results are tipped to come, with assay results pending from deeper drilling at the hole
  • Silver Mines shares are trading flat following the announcement, changing hands at 25 cents each

Latest drill assays from Silver Mine’s (SVL) Bowdens Project in New South Wales have yielded a significant round of high-grade silver intercepts.

Further drilling was undertaken at the prospect — which is considered one of the largest undeveloped silver deposits in Australia — to test for further potential extensions and revealed “substantially stronger” mineralisation than indicated in previous drills.

Initial assay results from the upper portion of a hole have returned key findings of 34.6 metres at 471g/t silver equivalent, including seven metres at 1090g/t silver equivalent and 6.1 metres at 874g/t silver equivalent.

Silver mines has tipped there are more results to come, with assay results pending from further tests from remaining depths at the hole.

The company also advised any detailed modelling work and 3D analysis of the latest finds are yet to be completed, with further results and geological context to be released when they become available.

Silver Mines Managing Director Anthony McClure says the current hole has produced some of the best intercepts ever returned at Bowdens.

“We are delighted with the recent exploration from Bowdens Silver. Our team has been tenacious in its work in understanding the deposit and its extensions,” he commented.

In terms of further exploration activities, tests at other high-grade silver targets around the current resource are still underway, with two diamond drilling rigs mobilised at the project.

Silver Mines shares are trading flat following the announcement, changing hands at 25 cents each at 11:05 am AEDT.


SVL by the numbers
More From The Market Herald

" PVW Resources (ASX:PVW) confirms xenotime mineralisation

Mineralogy confirms heavy rare earths are contained in xenotime mineralisation at PVW Resources’ (PVW) Tanami project in WA.

" Austral Resources (ASX:AR1) signs mining services contract with Thiess

Austral Resources (AR1) has partnered with mining services contractor, Thiess, to develop and mine copper ore at its Anthill mine in the Mt
Sovereign Metals (SVM)

" Sovereign Metals (ASX:SVM) release metallurgical results for Kasiya in Malawi

Sovereign Metals (SVM) has released positive metallurgical results for its Kasiya Rutile Project in Malawi.

" African Gold (ASX:A1G) intercepts gold at Didievi

African Gold (A1G) has intercepted high grade gold at the Didievi Gold Project in Central Cote d’Ivoire.