Silver Mines (ASX: SVL) has reported that results from the current RC drilling program at its 100% owned Webbs Silver Project in New South Wales have again intersected resource grade silver‐rich polymetallic mineralisation adjacent to the historic underground mine.
Drilling is targeting previously untested near surface mineralisation. Best intersections include:
- Hole RC097 4m @823 g/t silver from 90m (incl. 1m @ 2095 g/t Ag);
- Hole RC098 24m @ 316 g/t silver from 84m (incl. 1m @ 1600 g/t Ag); and
- Hole RC100 11m @ 635 g/t silver from 74m (inlc. 1m @ 3008g/t Ag).
The company expects to report an updated resource estimate at the Project in the near future, which will include the new holes.
Niton Handheld XRF results continue to intersect silver rich poylmetallic mineralisation and demonstrates the potential to increase the existing high grade silver resources at the project by including the Webbs Main Prospect, which was not included in the previous resource estimate.
Charles Straw, CEO, said these results, which follow on from high grade results previously announced, continue to demonstrate that Webb’s has the potential to host significant high grade silver resources amenable to open cut mining and drilling is continuing.
Silver Mines remains confident that ongoing drilling will continue to increase the existing high grade silver resource base at Webb’s.