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Silver Mines, Activities Report for the Quarter Ended 31 December 2018

Highlights

- Drilling commenced at the Barabolar Project, in New South Wales.

- Exceptional porphyry and polymetallic epithermal targets.

- Initial program of up to 7,500 metres of reverse circulation and diamond drilling.

- Specific drill targets include:

Copper-silver-lead-zinc (+gold) polymetallic systems at Bara Mine & Bara North Prospects.

Epithermal gold systems at Cringle Prospect where surface sampling recently returned high-grade gold and silver.

Porphyry copper-gold targets at several locations highlighted by strong induced polarization and geochemical anomalies.

- Visual observations of mineralisation and alteration along with initial assay results from the Bara and Cupola areas are indicative of a proximal epithermal/porphyry system.


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