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Silver Mine's activity report for quarter ending 30 September 2019

Bowdens Silver Project

  • Positive preliminary environmental assessment outcomes.
  • Environmental Impact Statement (EIS) in the final stages before submission for Development Consent.
  • In exploration, gravity survey completed with analysis being finalised in lead up to a deeper drilling program.
Barabolar Project
  • Drilling intersected gold and base-metal mineralisation and high temperature alteration minerals suggestive of proximity to intrusive source.
  • Gravity surveying has been completed and is currently being analysed.
  • Deep drill planning advanced with regional soil sampling expanding to the west of the Barabolar Corridor.
Tuena Gold Project
  • Substantial gold in soil anomalism over a 5.4km by 1.5km corridor including:
  • Airborne magnetics and radiometrics survey commencing shortly.
  • A further 634 square kilometres of licence applications submitted.
  • Placements of shares conducted to institutional, professional and sophisticated investors raising $12.75 million.
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