- Silver Mines (SVL) has provided updates regarding upcoming drilling at the Bowdens Silver and Tuena Gold projects in NSW
- The program at Bowdens will consist of 10,000 metres of drilling, with aims to target high-grade silver mineralisation
- SVL’s priority will be the Northwest High-Grade Silver Zone, which returned up to 1007 grammes per tonne silver equivalent
- Pending approvals, a 4000-metre drilling program will then begin at the Tuena Gold Project in the September quarter
- Despite encountering up to 76.4 grams per tonne gold from previous programs, very little exploration has been undertaken
- Silver Mines is up an even 10 per cent on the market and shares are trading for 22 cents each in early afternoon trade
Silver Mines (SVL) has provided updates regarding upcoming drilling at the Bowdens Silver and Tuena Gold projects in NSW.
These drilling programs are likely to continue to the end of the 2020 calendar year.
Bowdens Silver Project
Silver Mines will expand its drilling program at Bowdens, with up to 10,000 metres of drilling planned to target high-grade silver mineralisation.
The company will focus on the Northwest High-Grade Silver Zone that has returned high-grade silver results.
Previous results include; 14 metres at 319g/t silver equivalent, including four metres at 1007g/t silver equivalent; and 33 metres at 215g/t silver equivalent, including seven metres at 555g/t silver equivalent.
Infill gravity geophysical surveys have also been planned to outline controlling structures and local intrusions.
Tuena Gold Project
Pending approvals, Silver Mines will begin a 4000-metre drilling program at the Tuena Gold Project in the September quarter.
Despite encountering up to 76.4g/t gold from previous programs, very little exploration has been undertaken and this upcoming program will represent the first comprehensive modern work.
Two targets will be tested at the Lucky Hit South and Markham’s prospects.
Both of these prospects have clearly defined multi-element chemistry, including silver, bismuth, lead, tellurium and gold-in-soil.
Silver Mines is up an even 10 per cent on the market and shares are trading for 22 cents each at 12:13 pm AEST.