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Silver Mines Announces Drill Results Extend Base Metal Mineralised Zone at Bowdens

Highlights

- Final assays from preliminary deep drilling campaign confirm significant extent of Bundarra Deeps base metal mineralisation.

- Results include;

375.5 metres @ 0.38% zinc, 0.13% lead, 5g/t silver from 263.5 metres including:

101 metres @ 0.43% zinc, 0.15% lead, 5g/t silver from 398 metres and;

126 metres @ 0.49% zinc, 0.08% lead, 4g/t silver from 513 metres including:

19 metres @ 1.27% zinc, 0.04% lead, 9g/t silver from 556 metres.

- Strong metal zonation consistent with potential porphyry associated gold-copper mineralisation at depth and along strike.

- The mineralised system is interpreted to vector to targets towards the northwest and remains totally open along strike and down-dip.

- The Bundarra Deeps mineralisation is defined by:

A thick zone of highly anomalous base metal and gold mineralisation that is currently defined over a strike length of 500 metres and has a thickness of up to some 300 metres. Previously reported results include:

315.2 metres @ 0.70% zinc, 0.41% lead and 26g/t silver from 96 metres.

Thick high-grade lenses of massive and stringer sulphides up to 30 metres thick that are likely controlled by feeder structures. Previously reported results include:

31.25 metres @ 3.24% zinc, 1.88% lead, 23g/t silver and 0.4g/t gold.


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