- Australian silver exploration company Silver Mines (SVL) resumes drilling at the Barabolar Project in New South Wales
- Drilling will test multiple high-priority drill targets identified around the Mt Laut pyrophyllite quarry and the Crossroad prospect
- Targets include magnetic and gravity geophysical anomalies, and anomalous gold, copper, silver, lead and zinc found in soil and rock chips
- This drilling program will consist of 2000 metres of diamond drilling which is expected to be completed by the end of the September quarter
- Silver Mines is steady on the market with shares trading at 15 cents at 12:41 pm AEST
Australian silver exploration company Silver Mines (SVL) has resumed drilling at the Barabolar Project in New South Wales.
Drilling will test multiple high-priority drill targets identified around the Mt Laut pyrophyllite quarry and the Crossroad prospect.
Targets include magnetic and gravity geophysical anomalies, and anomalous gold, copper, silver, lead and zinc found in soil and rock chips.
While this drilling represents the first modern exploration undertaken in the area in more than 27 years, previous soil sampling indicated zoned base metals and significant tellurium values.
Further, rock samples showed anomalous gold and copper values as well as anomalous pathfinder metals such as lead, zinc, bismuth and arsenic.
This drilling program will consist of 2000 metres of diamond drilling which is expected to be completed by the end of the September quarter.
“At the outset of COVID-19, we deferred work at Barabolar and focussed on areas with our own freehold land in and around the Bowdens Silver Project,” Managing Director Anthony McClure commented.
“It is great news for the company to recommence drilling activities at the exciting
Barabolar Project given its considerable anomalism on surface with significant mineralised porphyry potential.”
Silver Mines was steady on the market with shares trading at 15 cents at 12:41 pm AEST.