HIGHLIGHTS•Maiden Mineral Resource for Bowdens Silver...

HIGHLIGHTS

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Maiden Mineral Resource for Bowdens Silver Underground totaling 42.9 million ounces silver equivalent.

Underground Mineral Resource Estimate at 150 g/t Eq Ag Cut-off Grade

Measured 1.55 212 139 0.82 0.73 0.10 10.6 Indicated 2.01 217 55 2.02 1.12 0.31 14.1 Inferred 2.81 202 26 2.26 0.99 0.38 18.3Total 6.37 209 63 1.84 0.97 0.29 42.9

56% of tonnes in Measured and Indicated categories.
The estimate lies directly underneath the Open Cut Mineral Resource, itself standing at 275 million ounces silver equivalent (including 97 million ounces silver equivalent Ore Reserve) currently undergoing final development approvals.

	CLASS	Mt	Ag Eq g/t	Ag g/t	Zn %	Pb %	Au g/t	Moz Ag Eq

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Silver Mines Limited Managing Director, Anthony McClure stated,“Since the discovery of the three zones directly under the planned open pit, the drill-out has been hugely successful. The potential for a contiguous underground operation, in addition to the planned open pit operation, has firmed significantly as we further prove this large mineral system. We will now move to the completion of the underground mining scoping study.”

Mr McClure added, “Although Mineral Resources at Bowdens now totals over 315 million ounces of silver equivalent, both the open pit and underground resource areas remain open. In addition, it is very encouraging to now see a higher tenor of gold in the system as we move south and east.”

This is brilliant news and great MRE Ann. 43m ounces and growing, 150g/t cut off used.
SS will now get underway!
Approval is now well advanced, although no date given.
GLATH. onwards and upwards.