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Silver Mines Limited announces High-Grade Gold Discovered at Surface at Barabolar Project, NSW

HIGHLIGHTS

  • Recent mapping and sampling discovers high-grade gold bearing structures at the Cringle Prospect within the Barabolar Project area.
  •  >400 metres of strike length inferred from mapped gossanous outcrop.
  • Both gold and silver-rich structures identified.
  • Gold-rich surface rock assays include:
  • 5.9g/t gold and 95.2g/t silver;
  • 4.9g/t gold and 59.9g/t silver;
  • 2.1g/t gold and 45.8g/t silver;
  • 1.2g/t gold and 16.2g/t silver.
  • Epithermal gold-silver exploration model.
  • 900m x 400m chargeability (IP) anomaly from near surface.
  • Mapping and sampling ongoing.
  • Cringle will be drilled as part of current Barabolar drilling program commencing in September 2018.
Barabolar Project / Cringle Prospect
Silver Mines Limited (ASX:SVL) (“Silver Mines” or “the Company”) is pleased to advise that it has received results from a recent rock-chip sampling and mapping program at the Cringle Prospect, located within the Barabolar Project area. The Barabolar Project is located in central New South Wales, approximately 26 kilometres east of Mudgee and 10 kilometres northwest of the Company’s Bowdens Silver Project.

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