Silver Mines Ltd (ASX:SVL, OTC:SLVMF) has intersected high-grade mineralisation within the Southern Gold Zone and Bundarra Zone of the Bowdens deposit within the Bowdens Silver Project in Central West New South Wales.
Standout assays include:
- 22 metres at 185 g/t silver equivalent;
- 45 metres at 126 g/t silver equivalent;
- 5.3 metres at 213 g/t silver equivalent; and
- 5 metres at 225 g/t silver equivalent.
The Bowdens Silver Deposit, which extends over greater than 1,100 metres, including more than 600 metres of vertical depth, and 1,100 metres of strike, is continuing to grow with further drilling down plunge.
Moving forward, ongoing exploration drilling at Bowdens, along with the near completion of seismic survey processing, is set to advance regional target generation.
Drill program
Exploration drilling has targeted extensions to the Bowdens deposit mineralisation footprint, as well as high-grade mineralisation outside current ore reserves.
This has included drilling at the Aegean and Northwest Zones, the Southern Gold Zone and the Bundarra Zone.
Drilling has also tested responses generated from the 2022 seismic survey completed across the Bowdens deposit.
About Bowdens Silver Project
The Bowdens Silver Project is about 26 kilometres east of Mudgee in Central West NSW.
The consolidated project area comprises 2,115 square kilometres of titles covering around 80 kilometres of strike of the highly mineralised Rylstone Volcanics.
Multiple target styles and mineral occurrences have potential throughout the district including analogues to Bowdens Silver, high-grade silver-lead-zinc epithermal and volcanogenic massive sulphide (VMS) systems and copper-gold targets.
Bowdens Silver is the largest undeveloped silver deposit in Australia with substantial resources and a considerable body of high-quality technical work already completed. The projects boast outstanding logistics for future mine development.