Silver Mines Unearths High-Grade Potential at Bowdens Silver Project

Silver Mines Limited (ASX: SVL) has identified significant upside potential at its Bowdens project in New South Wales, Australia’s largest undeveloped silver deposit.

Bowdens recently received development consent, paving the way for the initial production of 6 million ounces of silver annually from a massive resource base of 396 million ounces of silver equivalent.

A substantial body of high-quality technical work backs the project.

Bulk sample results demonstrate significant potential to improve mining scenarios. Early drilling and blasting conducted to collect bulk samples for ongoing optimisation and ore-sorting trials have yielded promising results.

Assays from one-metre blast holes revealed high-grade silver equivalent (Ag Eq) content, including:

  • 671 g/t Ag Eq (649 g/t silver, 0.02% zinc, 0.64% lead)
  • 549 g/t Ag Eq (516 g/t silver, 0.44% zinc, 0.33% lead)
  • 521 g/t Ag Eq (444 g/t silver, 1.05% zinc, 0.75% lead)

These samples originated from both high and low-grade zones within the Main Zone’s southern region. Blast hole assays suggest potential conservatism in the current resource estimate, with high-grade results averaging 43% higher than block model grades.

Strategically located 26 kilometres east of Mudgee, Bowdens boasts excellent logistics for future mine development.

Bulk Sampling Provides Valuable Data

Four bulk samples totaling 21 tonnes were collected from three locations to support optimization and mine development studies.

Two sites with mineralised outcrops in the Main Zone south were drilled and blasted, while a third site within the Main Zone employed rock hammering for sample collection.

Strong Institutional Support

Silver Mines recently secured $8 million at $0.135 per share through a placement to institutional, professional, and sophisticated investors. This strong institutional support was further bolstered by a $2 million share purchase plan that received over three times the targeted subscriptions.

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