Ann: Extensive Base Metal System Beneath Bowdens Silver Deposit, page-8

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SilverRoo

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06/12/17

15:04

Post #: 29422382
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Originally posted by psi81 ↑

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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If management are having issues raising money then they are knocking on the wrong doors. Next they will do the ASX junior miner game of seeking lithium. All a waste of time. Stick with the silver or get out. Precious metals will gain momentum soon as cryptocurrencies crash and burn. You can pawn your gold Rolex but not a portion of Bitcoin. So take a leaf out of Buffets thoughts.

SVL Price at posting: 8.3¢ Sentiment: None Disclosure: Held
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