News

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.

Upcoming Drilling Activities

Drilling activities are due to recommence on-site during the second week of May.

This drilling program will focus on areas to the north west of the proposed open pit and known mineral resource. Of particular focus will be the follow up to the recent significant discovery of geological areas of interest beneath the Bowdens Silver deposit.

The program will consist of a combination of diamond and reverse circulation drilling and hours of operation will be the same as previous programs.

Sterilisation Drilling – Waste Rock Emplacement & Tailings Storage Facility

In recent weeks, exploration drilling activities have recommenced on site in and around the proposed open pit area. This activity is drilling deeper than previous programs in order to further define the extent of the mineral resource.

Further to the above, as part of our draft mine infrastructure planning we will also be conducting a sterilisation drilling program (drilling to prove there is no mineralisation underneath) in order for us to plan where we locate future mining infrastructure. In particular, this program is testing the areas planned to house waste rock emplacements in Price Gully (east of Maloneys Road and north of Pyangle Road) and also the tailings storage facility (north east of Bara-Lue Road). Drilling techniques will be a combination of diamond and reverse circulation drilling.

It is expected that these activities will commence in the third week of November 2017 and will be conducted over a period of approximately 2 months. Exploration drilling will continue to operate after this time.

“Pink Up” Morning Tea Fundraiser

On Friday 13th of October, Bowdens Silver staff held a morning tea fundraiser event as part of the “Pink Up” initiative currently running throughout the region.

The event was organised by a number of staff members and the day involved fundraising activities such as raffles, donations and even a couple of brave staff members who volunteered to get their hair dyed pink for an appropriate monetary donation. A big thank you to Cody and Craig for getting into the spirit of the day and putting vanity aside all in the name of a good cause.

Most importantly, Bowdens Silver staff were able to raise $600 which was generously matched by the company, for a grand total of $1,200 being donated to the McGrath Foundation to help continue their important work of providing dedicated breast care nurses throughout the community.

 

Upcoming Drilling Activities

Drilling activities are due to recommence on-site during the third week of October.

The purpose of this drilling is to further define and follow up on recent exploration activities that have highlighted geological areas of interest in and around the proposed open pit area.

This drilling program will consist of a combination of diamond and reverse circulation drilling and hours of operation will be the same as previous programs.

Community Information Session – Posters

At our recent Community Information Session held at the Lue Community Hall we displayed a range of information posters about the Bowdens Silver Project.

Please click on the links below to view the different topics. Also find an updated version of our Draft Mine Site Layout as at May 2017.

Bowdens Silver Project          Development Application Process

Air Quality          Assessment of Health Impacts          Noise Assessment          Groundwater Assessment          Weather Assessment

What You’ve Told Us So Far          In Your Words

Mudgee Chamber of Commerce – Breakfast Event

Bowdens Silver recently hosted a Mudgee Chamber of Commerce breakfast event on Friday 31st of March. The event provided members of the Mudgee business community an opportunity to hear about the Bowdens Silver project and the potential benefits to the community.

38 representatives from a range of different businesses and industries attended the event and listened to a presentation from director, Anthony McClure.

To read more about the event, please click on the following link.

http://www.mudgeeguardian.com.au/story/4570275/no-camp-at-lue-silver-mine/

 

Upcoming Exploration Activities – “Gumarooka”

In November 2016, Bowdens Silver conducted an aerial geophysical survey across our entire tenement range. The survey identified geological anomalies in the vicinity of the Bowdens Silver deposit which we are now looking to define. Further to the above, as part of our draft mine infrastructure planning we will also be using this program to provide sterilisation drilling (drilling to prove there is no mineralisation underneath) in order for us to plan where we locate future mining infrastructure.

This activity is planned to be conducted in stages which will include the necessary exploration drilling, sterilisation drilling and geotechnical drilling for the proposed water storage dam/tailings storage facility. The planned program will necessitate the addition of an extra drill rig on site and will be a combination of diamond and reverse circulation drilling.

It is expected that these activities will commence in the week of 3rd April 2017 and will be conducted over a period of approximately 3 months.