- Silver Mines (SVL) has returned a significant round of assays from its Bowdens Silver Project in NSW including 543g/t silver and 1302g/t silver
- The results are from the second hole of two holes drilled to test for extensions to high-grade mineralisation below the project’s main zone
- The 543g/t intersect stretched across eight metres from 307 metres downhole and included a three-metre hit at 1302 g/t silver from 312 metres
- Silver Mines said the encouraging finds, combined with previous results, have given way to an “Aegean Zone” with further drilling said to be underway
- Silver Mines shares are up 4.08 per cent, trading at 25.5 cents
Silver Mines (SVL) has returned a significant round of assays from its Bowdens Silver Project in NSW including 543g/t silver and 1302 g/t silver.
The explorer received the results from the second of two drill holes, which were completed to test for extensions to high-grade mineralisation below the main zone.
The 543g/t intersect stretched across eight metres from 307 metres downhole and included a three-metre hit at 1302 g/t silver from 312 metres.
These encouraging finds combined with previous results have given way to an “Aegean Zone” according to SVL as a significant target for underground mining scenarios.
SVL affirms the high-grade body of silver mineralisation has a strike length of 150 metres, a width of 50 metres and is two to eight metres thick. It is also said to remain open to the east, north and northwest.
The company said further drilling is underway to test the relationship and potential connectivity of the newly identified zone and northwest high-grade zones.
Further to this, drilling results to the north of the main zone and close to surface, which SVL said confirms that the zone remains open to the northwest of the
current ore reserve.
The results include 113.3 metres at 113g/t silver equivalent (90g/t silver, 0.29 per cent zinc, 0.29 per cent lead) from 60.7 metres.
Silver Mines shares are up 4.08 per cent, trading at 25.5 cents at 11:30 am AEST.