Announcement of Maiden Ore Reserve for Bowdens Silver
A major milestone for the Bowdens Silver Project was met yesterday with the announcement of its Maiden Ore Reserve for the Bowdens Silver deposit. The maiden Ore Reserve supports Bowdens’ 16-year mine life, detailed in the soon to be completed Feasibility Study.
Highlights Include
- Maiden Ore Reserve (Proved and Probable) totals 29.9 million tonnes at 69.0 g/t silver, 0.44% zinc and 0.32% lead.
- Ore Reserve contains 66.32 million ounces of silver with 130.8 kilotonnes of zinc and 95.3 kilotonnes of lead.
- 95.7% of Ore Reserve tonnes in Proved category.
- Ore Reserve supports the soon to be released Feasibility Study showing Bowdens as suitably robust in an accretive silver market environment.
- Bowdens confirmed as the largest, undeveloped silver reserve in Australia.
Bowdens Silver Deposit Ore Reserve
|
Reserve Category |
Tonnes |
Reserve Grades |
Contained Metal | ||||
| Silver | Zinc | Lead | Silver Metal | Zinc |
Lead |
||
|
(Mt) |
(g/t) | (%) | (%) | Moz | (kt) |
(kt) |
|
| Proved |
28.6 |
69.75 | 0.44 | 0.32 | 64.05 | 125.11 |
91.43 |
| Probable |
1.3 |
53.15 | 0.43 | 0.29 | 2.27 | 5.74 |
3.91 |
| Total |
29.9 |
69.01 | 0.44 | 0.32 | 66.32 | 130.84 |
95.33 |
Calculations have been rounded to the nearest 100,000 t, 0.1 g/t silver and 0.01% zinc and lead grades respectively. The Ore Reserve is reported by economic cut-off grade with appropriate consideration of modifying factors including costs, geotechnical considerations, mining and process recoveries and metal pricing
In addition to the impending announcement of the results from the Bowdens Silver Project Feasibility Study, planning is advanced and drilling commenced in a significant extensional and regional exploration program at Bowdens. The initial focus will be to drill test high grade resource extensions plunging to the north-west and south-west of the Bowdens Resource.