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Silver Mines announces Reconnaissance Drilling Update at Barabolar

 HIGHLIGHTS

  • Eight holes completed so far for 1,615 metres of shallow Reverse Circulation (RC) drilling in the south of the Barabolar Project.
  • Assays pending.
  • Targeting porphyry, polymetallic and precious metal targets.
  • Drill rig now converted to diamond drill capability for coring into primary targets in the south of the Barabolar Project.
  • Rig will then move to the north targets of the Barabolar Project.
  • Visual results are encouraging so far with mineralisation and alteration indicative of a proximal epithermal/porphyry system.
  • Specific geological observations include:
  • Abundant sphalerite (zinc sulphide) and galena (lead sulphide) over 1 to 2 metre widths (from 48 metres depth) in BAR18001, Bara Mine Prospect.
  • Highly silicified felsic volcanic with abundant sulphide including pyrite (iron sulphide) with minor chalcopyrite (copper sulphide) and sphalerite over 40 metres width (from 31 metres depth) in BAR18005, Cupola South Prospect.
  • Minor pyrrhotite (iron sulphide) and chalcopyrite in skarn altered sediments in BAR18007 at the Cupola Prospect.
  • Dacitic dyke over 6 metres (from 112 metres depth) mineralised with galena, sphalerite and pyrite in BAR18008 at the Cupola Prospect.
Exploration Drill Program
Silver Mines Limited (ASX:SVL) (“Silver Mines” or “the Company”) is pleased to provide an update on the progress of reconnaissance drilling at the Barabolar Project, central New South Wales. The Barabolar Project is located approximately 26 kilometres east of Mudgee and 10 kilometres northwest of the Company’s Bowdens Silver Project.

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