Silver Mines Ltd.'s estimated a maiden ore reserve at its Bowdens silver deposit in New South Wales, Australia, which supports a 16-year mine life.
The ore reserve hosts 29.9 million tonnes at 69.0 g/t of silver, 0.44% zinc and 0.32% lead containing 66.3 million ounces of silver, 130,800 tonnes of zinc and 95,300 tonnes of lead.
The company noted in the May 30 release that 95.7% of the ore reserve tonnes are in the proved category.
Meanwhile, Silver Mines started a significant extensional and regional exploration program at Bowdens to drill test high grade resource extensions plunging to the north-west and south-west of the resource.
Measured, indicated and inferred resources in September 2017 at the Bowdens project totaled 127.9 million tonnes at 66.8 g/t of silver equivalent for 275 million silver equivalent ounces.
