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- Silver Mines (SVL) identifies significant new drill targets around the Bowdens silver deposit in NSW
- During the March quarter, VelSeis undertook a 2D seismic survey across Bowdens and the geological area to determine the seismic response and identify potential extensions
- Three target types were identified with two situated a Prices Gully less than one kilometre east of Bowdens and the third found 600 metres south of Bowdens
- Notably, this survey enabled Silver Mines to generate precise drill targets which will be tested in a 3000-metre program
- Shares in Silver Mines are up 2.63 per cent and trading at 19.5 cents at 1:45 pm AEST
Silver Mines (SVL) has identified significant new drill targets around the Bowdens silver deposit in New South Wales.
During the March quarter, VelSeis undertook a 2D seismic reflection survey across Bowdens and the geological area to determine the seismic response, identify potential extensions to the system and highlight possible analogue responses.
Three target types were identified with two situated at Prices Gully which lies less than one kilometre east of Bowdens.
Similar to Bowdens, these two targets show characteristic high amplitude surface reflectors cut by listric faults.
The third lies 600 metres south of Bowdens and shows the potential continuation of the Northwest and Aegean Zones at depth.
Notably, this survey enabled the company to generate precise drill targets and Silver Mines has already planned to undertake a 3000-metre drilling program to test priority targets.
Shares in Silver Mines were up 2.63 per cent and were trading at 19.5 cents at 1:45 pm AEST.
