Update on regional geology modelling and seismic survey completion

Silver Mines Limited (ASX: $SVL) has announced the identification of potential new calderas within the Bowdens district following the completion of a major seismic surveying program. The 2D seismic survey has revealed multiple new caldera structures within the Rylstone Volcanics, enhancing the exploration of the area. The Company's exploration activities will now concentrate on the five separate calderas modelled, with a focus on potential mineralisation and resource potential.

Executive Commentary

The seismic survey has significantly enhanced our understanding of the geological structures within the Bowdens district. The identification of multiple new calderas presents exciting opportunities for further exploration and potential resource expansion. We are collaborating with industry experts and research institutions to characterize the mineral system and refine our exploration strategies. This development marks a significant milestone in our ongoing efforts to unlock the full potential of the Bowdens Silver Project.

Summary of Seismic Survey Results and Outlook

The completion of the seismic survey has provided valuable insights into the geological features of the Bowdens district, paving the way for targeted exploration activities. The identification of new caldera structures presents promising opportunities for the discovery of additional mineral resources. Silver Mines Limited is committed to leveraging this new data to prioritize drilling activities and advance its exploration program. The Company's collaboration with industry and research partners underscores its dedication to maximizing the potential of the Bowdens Silver Project. With a focus on refining exploration vectors and characterizing mineral deposit system dynamics, Silver Mines aims to capitalize on the newly identified calderas and drive future growth and development.