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Silver Mines Announces High Grade Gold Targets Defined at the new Tuena Project

Tuena Gold Project

Silver Mines Limited (ASX:SVL) (“Silver Mines” or “the Company”) is pleased to advise that it has received initial laboratory results from a recent reconnaissance soil sampling program within EL8526 at the Tuena Gold Project (“The Project”). The Project is located in the Southern Tablelands of NSW, 180 kilometres west of Sydney and 150 kilometres southwest of the Company’s Bowdens Silver Project.

The Project is situated at the southern end of the highly prospective Hill End Trough within volcanic and sedimentary rocks of Silurian and early Devonian age. Mineralisation occurs within splay structures associated with the Copperhania Thrust Fault. This structure is the continuation of the major Godolphin Fault, which is closely associated with mineralisation at the multi-million ounce McPhillamys gold project located 60 kilometres to the north. The mineralisation at Tuena is considered to be part of a structurally controlled orogenic gold system.

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