Update on Bowdens Silver Project development activities and recent assays

Silver Mines Limited (ASX: $SVL) has completed the first drill and blast works at the Bowdens Silver Project, located 26 kilometres east of Mudgee in Central NSW. The bulk sampling and blast hole results have shown potential upside in mining scenarios, with high-grade results averaging 43% higher than estimated block grades.

Executive Commentary on Project Development and Assay Results

The completion of the first drill and blast works at the Bowdens Silver Project marks a significant milestone for Silver Mines Limited. The bulk sampling and blast hole results have provided highly encouraging data, indicating the potential for significant upside in mining scenarios. The average assay results for one metre blast hole samples in the high-grade zone were notably higher than estimated block grades, demonstrating the project's promising prospects for future development and production.

Summary of Bowdens Silver Project Update

Silver Mines Limited (ASX: $SVL) has successfully conducted the first drill and blast works at the Bowdens Silver Project, yielding promising bulk sampling and blast hole results. The assays have highlighted the potential for significant upside in mining scenarios, with high-grade results averaging 43% higher than estimated block grades. The project, located in Central NSW, represents the largest undeveloped silver deposit in Australia and boasts outstanding logistics for future mine development. The company's Managing Director, Mr Jonathan Battershill, expressed optimism about the project's progress and the positive implications of the recent assay results.