Significant Silver And Gold Assays From Diamond Drilling Campaign
Silver Mines Limited (ASX:SVL) has received significant assay results from on-going diamond drilling around the Northwest High-Grade Zone at the Bowdens Silver Project located near Mudgee in New South Wales.
Diamond drilling is continuing with upcoming holes planned to follow the Northwest High- Grade Zone down plunge and test extensions of existing resources and to infill to the Northwest High-Grade silver zone that has previously returned spectacular high-grade silver results.
The Northwest High-Grade zone is situated some 30m below the base of the proposed Bowdens Silver open pit and is a mineralised zone being targeted for potential high-grade silver underground mining scenarios.
Previous drilling in this zone has shown the mineralisation consists of breccia and fracture filling sulphides dominated by galena (lead sulphide), sphalerite (zinc sulphide) and silver minerals within the welded tuff of the Rylstone Volcanics.
Mineralisation intersected within BD20012 from 230 to 235 metres show epithermal vein textures, with colloform sulphide banding and pebble breccias.
These textures are indicative of boiling and episodic hydrothermal events consistent with source/feeder mineralisation. The latest results from BD20012 are in close proximity to the modelled position of the Northern Fault, which has the potential to be a significant fluid conduit from a heat and fluid source at depth.
Furthermore, for the first time in the Northwest High- Grade Zone, notable gold rich mineralisation has been intersected in a second structure at a depth of 274 metres down hole
Hole BD20011 also tested a western extension of the Northwest High-Grade Zone and returned high grade silver intercepts.
With the latest results, the Northwest High-Grade Zone target has extents of approximately 1 metre to 15 metres thick, 200 metres width (east to west) and continues down plunge/dip to the northwest for at least 250 metres. This zone is not yet closed off with drilling and presents further potential for expansion. The drilling programme is ongoing.
