Silver Mines (ASX:SVL) - Managing Director, Anthony McClure
Managing Director, Anthony McClure
Source: Finance News Network
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  • Silver Mines (SVL) has intersected up to 706g/t silver equivalent from the Northwest High-Grade Zone at the Bowdens Silver Project in NSW
  • Drilling also returned up to 3.2g/t gold, 3.1 per cent zinc, and 6.5 per cent lead
  • Now, diamond drilling continues at Bowdens, with upcoming holes planned to follow the Northwest Zone down plunge and test extensions to existing resources
  • Work will also aim to infill the area which has previously returned high-grade silver results
  • Following the news, Silver Mines is up 7.89 per cent — shares are currently trading for 20.5 cents each

Silver Mines (SVL) has intersected up to 706g/t silver equivalent from the Northwest High-Grade Zone at the Bowdens Silver Project.

Bowdens lies in central NSW, approximately 26 kilometres east of Mudgee, and is one of the largest undeveloped silver deposits in Australia.

New results include 2.8 metres at 706g/t silver equivalent (169g/t silver, 3.2g/t gold, 1.3 per cent zinc, and 6.5 per cent lead) from 274 metres, and 4.6 metres at 430g/t silver equivalent (215g/t silver, 3.1 per cent zinc, and 1.9 per cent lead) from 230 metres.

The inclusion of gold is significant as it is the first rime notable rich gold mineralisation has been intersected at the Northwest Zone.

Now, diamond drilling continues at Bowdens, with upcoming holes planned to follow the Northwest Zone down plunge and test extensions to existing resources.

Work will also aim to infill the area which has previously returned high-grade silver results.

Silver Mines is up 7.89 per cent on the market and shares are trading for 20.5 cents each at 11:23 am AEDT.

SVL by the numbers
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