Silver Mines (ASX:SVL) - Managing Director, Anthony McClure
Managing Director, Anthony McClure
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  • Silver Mines (SVL) encounters the deepest, high-grade silver intercept to date at the Bowdens Silver Project in NSW
  • Diamond drilling is continuing to expand the potential for potential underground mining scenarios with a focus on the Bundarra Zone
  • Up to 1769g/t silver equivalent was intersected at the Bundarra Zone while up to 373g/t silver equivalent was intersected at the Northwest Zone
  • Silver Mines has engaged H&S Consultants to begin the estimation of mineral resources for the underground zones at Bowdens
  • Silver Mines ends the day 3.45 per cent in the green with shares trading at 15 cents

Silver Mines (SVL) has encountered the deepest, high-grade silver intercept to date at the Bowdens Silver Project in NSW.

Diamond drilling is continuing to expand the potential for potential underground mining scenarios with a focus on the Bundarra Zone.

Results have now been received for the remaining holes which were drilled to extend the Bundarra Zone to the south, west and east, as well as test for economic potential below the open-pit ore reserve.

Best results come from the Bundarra Zone which returned 4.6 metres at 460g/t silver equivalent from 411 metres including one metre at 1769g/t silver equivalent from 414 metres.

Results have also come from the Northwest Zone and include seven metres at 373g/t silver equivalent from 184 metres and 15 metres at 230g/t silver equivalent from 178 metres.

Silver Mines has engaged H&S Consultants to begin the estimation of mineral resources for the underground zones at Bowdens.

It is due for completion this quarter and following the release, Entech and GR Engineering will complete a scoping study of underground mining scenarios.

Silver Mines has ended the day 3.45 per cent in the green with shares trading at 15 cents.

SVL by the numbers
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