Silver Mines, Activities Report for the Quarter Ended 30 June 2018 | Finance News Network

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Silver Mines, Activities Report for the Quarter Ended 30 June 2018

Highlights

Barabolar Project

• Outstanding newly discovered area with substantial copper-gold-silver-lead- zinc-molybdenum anomalism over a corridor of 9,000 metres by 2,000 metres.

• Outcropping mineralised skarn mapped over an area of 5,000 metres by 800 metres.

• Multiple targets in several mineralisation styles including copper-gold porphyry, molybdenum porphyry, skarn mineralisation and volcanic hosted sulphide (VMS) deposits.

• Rock chip sampling continues to present areas of high grade across Zn, Pb, Cu, Ag, Au and Mo.

• Planning advanced for initial drilling program of up to 7,500 metres commencing September 2018.

Bowdens Silver Project

• Feasibility Study and Maiden Ore Reserve Statement complete.

• Environmental Impact Statement advanced.

• Continued exploration at Bowdens NW and Bowdens SW.

Corporate

• Share placement completed to institutional, professional and sophisticated investors raising $2.75m.


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