{"id":7367,"date":"2024-03-19T21:58:51","date_gmt":"2024-03-19T21:58:51","guid":{"rendered":"https:\/\/economicherald.net\/?p=7367"},"modified":"2024-03-19T21:58:51","modified_gmt":"2024-03-19T21:58:51","slug":"silver-mines-looks-to-build-even-more-tonnes-into-australias-largest-undeveloped-silver-deposit","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=7367","title":{"rendered":"Silver Mines looks to build even more tonnes into Australia\u2019s largest undeveloped silver deposit"},"content":{"rendered":"

Silver Mines reports high-grade assays from bulk sampling and blast works at its Bowdens project in NSW
\nBowdens is Australia\u2019s largest undeveloped silver deposit
\nPlans under way to update the current MRE and complete the feasibility optimisation study<\/p>\n

\u00a0<\/p>\n

Assays from bulk sampling and blast works have demonstrated Silver Mines is sitting on significant upside potential at its Bowdens project in NSW.<\/strong><\/p>\n

The high-grade results come from blast hole drilling that was part of ongoing optimisation work and ore-sorting trials.<\/p>\n

Silver Mines (ASX:SVL)<\/a> is working to upgrade the existing resource of 396Moz silver equivalent at Bowdens, which is already the largest undeveloped silver deposit in Australia.<\/p>\n

The blast hole drilling, part of a NSW Resources Regulator approved exploration program, was designed within the framework of ongoing optimisation work and ore-sorting trials.<\/p>\n

Samples were taken from both high and low-grade mineral resource estimate (MRE) blocks in the south of Bowden\u2019s Main Zone, with high-grade assays averaging 43% higher than block model grades.<\/p>\n

The current\u00a0MRE<\/a>\u00a0was last updated in March 2023.<\/p>\n

\u00a0<\/p>\n

In the zone for growth<\/strong><\/h2>\n

Highlighting the potential upside of the current MRE and Bowdens mining scenarios, one metre assays of blast holes include 671g\/t silver equivalent (including 649g\/t silver, 0.02% zinc and 0.64% lead) and 549g\/t silver equivalent (including 516g\/t silver, 0.44% zinc and 0.33% lead).<\/p>\n

Four bulk samples totalling 21t were taken from three sites for optimisation and mine development studies.<\/p>\n

Bulk samples were meticulously planned from where high and low-grade material was estimated and exposed at surface.<\/p>\n

For the eastern sample sites, sixty-seven blast holes were drilled and sampled at one metre intervals. The drilling was completed on a grid of six-by-six holes, spaced 2m apart and drilled to a depth of 3m each.<\/p>\n

In each zone sampled, mineralisation is associated with high concentration of silver in small veins and fractures, as it is across the entire Bowdens deposit.<\/p>\n

\u00a0<\/p>\n

Material from a bulk sample site with grey fracture\/breccia fill minerals of silver sulphides. Pic: Supplied<\/p>\n

\u00a0<\/p>\n

\u201cWe\u2019re delighted to release these results which further demonstrate the quality of Bowdens\u2019 substantial mineralised system, and indicate potential of significant upside to grade for mining scenarios at Bowdens,\u201d SVL chief executive Jo Battershill said.<\/p>\n

\u201cWe\u2019re looking forward to updating the project\u2019s feasibility study this year in lead up to the proposed Bowdens silver mine development.\u201d<\/p>\n

The latest results back up project exploration within and outside the current planned open cut pit design which recently returned\u00a0more high-grade mineralisation<\/strong><\/a>\u00a0in the highly prospective Southern Gold Zone and Bundarra Zone.<\/p>\n

Silver Mines is well funded to deliver on its development plans for Bowdens following its recent oversubscribed\u00a0$8 million placement and $2 million share purchase plan<\/strong><\/a>.<\/p>\n

As well as updating the MRE and completing the feasibility optimisation study, SVL continues exploration for resource growth across the company\u2019s NSW tenements, and general working capital.<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

\u00a0<\/p>\n

This article was developed in collaboration with Silver Mines, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n

\u00a0<\/em><\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post Silver Mines looks to build even more tonnes into Australia\u2019s largest undeveloped silver deposit<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Silver Mines reports high-grade assays from bulk sampling and blast works at its Bowdens project in NSW Bowdens is Australia\u2019s largest undeveloped silver deposit Plans [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":7368,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nSilver Mines looks to build even more tonnes into Australia\u2019s largest undeveloped silver deposit - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=7367\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Silver Mines looks to build even more tonnes into Australia\u2019s largest undeveloped silver deposit - 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