SILVER MINES LIMITED

SILVER MINES LIMITED (ASX: SVL)

Drilling at the Aegean Zone discovers the highest grade silver in the zone to date - 6 meters @ 1,251g/t silver and 0.18% lead from 335 meters.
New drill intercept provides further extensional exploration targets at the northern edge of the recently announced Mineral Resource Estimate for the Bowdens Silver Project.
Assays from additional drilling in Bundarra Zone report significant silver equivalent results, with exploration drilling ongoing using two diamond drill rigs on site.

2023-05-15 09:21:00

The Independent Planning Commission of New South Wales has approved the Bowdens Silver Project, allowing it to proceed to development and production.
The project is located in central New South Wales, 26 km east of Mudgee, and is Australia's largest undeveloped silver deposit.
With a 23-year mine life, the project offers significant economic and social benefits for shareholders, the state of New South Wales, and local communities in the Mid-Western Regional Government area.

2023-04-03 14:14:00

The Bowdens Silver Deposit Mineral Resource estimate has been upgraded to 200 million tonnes @ 62g/t silver equivalent (Ag Eq) for 396 million ounces Ag Eq.
Compared to the 2017 estimate, there's a 56% increase in total tonnes and a 44% increase in total silver equivalent ounces.
The addition of gold to the Mineral Resource estimate adds significant value to the project, with 19 million tonnes @ 0.31 g/t gold for 190,000 ounces of gold.

2023-03-31 09:00:00

Footprint of gold mineralization in the Southern Gold Zone expands to over 450 meters in strike, ~250 meters width, and between 15 to 85 meters in thickness.
Latest drilling results show high silver and gold equivalence and the update of Open-pit Mineral Resource Estimate has commenced.
Exploration drilling is ongoing with two diamond drill rigs on site at the Bowdens Silver Project.

2023-03-29 09:04:00

Silver Mines Limited (ASX:SVL) has successfully completed a capital raising of A$18 million.
The Placement was conducted at an issue price of $0.16 per share, with 112,500,000 fully paid ordinary shares being issued.
112,187,500 Shares to be issued using the Company’s capacity under ASX Listing Rule 7.1 and 312,500 Shares to be issued to directors or their nominees.

2023-02-10 09:36:00

Footprint of gold mineralisation expands in the Southern Gold Zone to 300 metres in strike, 200 metres width and between 15 to 85 metres in thickness.
Results from diamond drilling BD22042: 99 metres @ 1.15g/t gold equivalent (0.62g/t gold, 10g/t silver, 0.35% lead and 0.39% zinc) from 159 metres, including 27 metres @ 3.13g/t gold equivalent (1.95g/t gold, 24g/t silver, 0.80% lead and 0.83% zinc) from 167 metres.
BD22024 (55 metres south of BD22029): 82.7 metres @ 0.89g/t gold equivalent (0.25g/t gold, 44g/t silver and 0.10% zinc) from 8 metres.

2023-01-30 08:53:00