SVL 6.25% 17.0¢ silver mines limited

Ann: Extensive Base Metal System Beneath Bowdens Silver Deposit, page-7

  1. 6,294 Posts.
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    Yeah nothing much to write home about in there unfortunately. The only good news IMO is the elevated gold levels which confirm the zoned system. It's definitely zoning Ag - Pb/Zn - Au. If they go deeper gold could start to dominate.

    Unfortunately the IP anomaly seems to be pyrite related to the fault rather than base metal sulphides. The source for the Bowdens deposit is still out there but it doesn't seem to be where they hoped, ie directly under it.

    I'm still convinced there is a reasonable chance of large Cu-Au porphyry out there somewhere, of which Bowdens is the last stage. There's also a chance that the mineralisation they encountered here is just scattered veining and there is a richer concentration somewhere nearby - not part of the porphyry but just a denser veining.

    I would like to see the silver feasibility take priority with a few drill holes to further develop the potential at depth.

    That's exactly what they are doing. My feeling is they are probably struggling to raise funding on the strength of the silver alone, and these holes were drilled in the hope they can generate some "blue sky" excitement. Unfortunately this first hole didn't manage it.
 
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