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Silver Mines announces Drilling to commence at high priority Cringle Gold Prospect

HIGHLIGHTS

  • Final government approvals received for drilling at the high priority Cringle Gold-Silver Prospect.
  • Highly prospective targets highlighted by 800 metres of strike length of high-grade gold and silver in outcrop at up to 5.9 g/t gold and 107 g/t silver.
  • Cringle work to be followed by initial drilling at the Kia Ora West prospect, a copper porphyry target highlighted by strong coincident induced polarization and soil geochemical anomalies.
  • Program of up to 2,800 metres of reverse circulation and possible diamond drilling extensions to the planned holes.
  • First results from this program are expected in April-May 2019.
  • Initial reconnaissance drilling at Bara and Cupola now complete.
  • Cupola results highlighted extensive alteration and metal (zinc-lead-copper) zonation indicative of a proximal epithermal/porphyry system.

Exploration Drill Program

Silver Mines Limited (ASX:SVL) (“Silver Mines” or “the Company”) is pleased to advise that final government approvals have been received allowing drilling to commence at the highly prospective Cringle Prospect. Cringle lies within the Barabolar Project, which is located approximately 26 kilometres east of Mudgee in central New South Wales and 10 kilometres northwest of the Company’s Bowdens Silver Project.

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