Silver Mines Limited · ASX:SVL
Silver Mines — Technical Presentation (August 2018)
41 slides from Silver Mines's technical presentation, August 2018
Slide 1: Unlocking a Major Mineralised System
Unlocking a Major Mineralised System Barabolar Project Technical Update August 2018
Slide 2: Disclaimer
Disclaimer The material in this presentation contains certain forecasts and forward-looking information, including regarding possible or assumed future performance or potential growth of Silver Mines Limited (“SVL”). Such information is not a guarantee of future performance and involves unknown risk
Slide 3: Barabolar Project
Barabolar Project Copper Porphyry and High-Grade epithermal projects in the Macquarie Arc of NSW. Barabolar Mineralised Skarn 3
Slide 4: Barabolar Summary
Barabolar Summary • High-quality exploration project located within the Macquarie Arc of New South Wales. • Exceptional drill targets with drilling planned to commence in September 2018 (subject to approvals). • Induced Polarisation (IP) geophysical survey completed and integrated with large scale g
Slide 5: Priority One – Copper-Gold Porphyry Targets
Priority One – Copper-Gold Porphyry Targets • KIA ORA PORPHYRY – intrusive source to extensive skarn mineralisation 800m x 700m chargeability (IP) anomaly 350m below surface. Beneath extensive skarn mineralisation and suggestive of porphyry target. • KIA ORA WEST – buried copper target 1200m x
Slide 6: Quality Jurisdiction – New South Wales, Australia
Quality Jurisdiction – New South Wales, Australia Extensive tenement holding (2007 km2 or 496,000 acres) controlled by Silver Mines located within the North east of Lachlan Fold Belt. Prospective for a wide range of deposit types of different time periods from the Ordovician to Permian. Potential mi
Slide 7: Macquarie Arc – Major Mineral Systems
Macquarie Arc – Major Mineral Systems Basement Paleozoic Geology, Central NSW The Ordovician Macquarie Arc/Lachlan Fold Belt of Eastern Australia contains preserved porphyry volcanic arc environments. Macquarie Arc of NSW contains world-class deposits: • Cadia/Ridgeway • Cowal • Northparkes and othe
Slide 8: Barabolar – Unlocking the Secrets
Barabolar – Unlocking the Secrets • 2016: Airborne magnetics and radiometrics survey completed • 2016: Interpretation highlights the structural corridor • 2017-2018: – Mapping – Surface Sampling ~ 1800 samples – IP Survey 30km complete August 2018 Induced Polarisation Survey at Barabolar – Drilling
Slide 9: Regional Magnetics
Regional Magnetics RTP 1VD Barabolar 2016 airborne magnetics and radiometrics survey of 100m line-space at a 50m flight height 9
Slide 10: Barabolar Magnetics
Barabolar Magnetics Area underlain by significant intrusive Kia Ora Skarn Kia Ora Skarn Bara Silver mine Bara Silver mine Havilah granite Havilah granite RTP Magnetics 1VD Magnetics 10 The dykes of the Havilah Granite are closely associated with Ag-Pb-Cu-Au mineralisation
Slide 11: Unlocking a Major Mineralised System
Unlocking a Major Mineralised System 11
Slide 12: Unlocking a Major Mineralised System
Unlocking a Major Mineralised System • 9000 x 2000 metre corridor of base-metal and precious metal soil anomalies. • Mineralised skarn mapped over 5000 by 800 metres. • Porphyry system type alteration assemblages. • Pyrophyllite mine in northwest (Mt Laut) indicative of high sulphidation epithermal
Slide 13: Geochemistry & Alteration – Mineralised Skarn
Barabolar Geochemistry & Alteration MINERALISED SKARN >5km Refer to release dated 26th June 2018 13
Slide 14: Geochemistry & Alteration – Copper
Barabolar Geochemistry & Alteration COPPER ANOMALISM >100ppm Refer to release dated 26th June 2018 14
Slide 15: Geochemistry & Alteration – Molybdenum
Barabolar Geochemistry & Alteration MOLYBDENUM ANOMALISM >5ppm Refer to release dated 26th June 2018 15
Slide 16: Geochemistry & Alteration – Pyrophyllite
Barabolar Geochemistry & Alteration Pyrophyllite Refer to release dated 26th June 2018 16
Slide 17: Geochemistry & Alteration – Zinc
Barabolar Geochemistry & Alteration ZINC ANOMALISM >100ppm Refer to release dated 26th June 2018 17
Slide 18: Geochemistry & Alteration – Lead
Barabolar Geochemistry & Alteration Pyrophyllite LEAD ANOMALISM >50ppm Refer to release dated 26th June 2018 18
Slide 19: Soil Geochemistry & Alteration
Barabolar Soil Geochemistry & Alteration Pyrophyllite Refer to release dated 26th June 2018 19
Slide 20: Rockchip, Geochemistry & Alteration
Barabolar Rockchip, Geochemistry & Alteration Refer to release dated 26th June 2018 20
Slide 21: Rock Chips
Barabolar Rock Chips Bara area rock chip sample: 10.3% zinc 6.39% lead 0.19% copper 252g/t silver 0.16g/t gold Sulphide breccia (Zn+Pb+Cu+Ag+Au) 21
Slide 22: Rock Types
Barabolar Rock Types Molybdenite in quartzolite - Garnet-Pyroxene Skarn Silcified + Gossan high-grade silver Botobolar – Kia Ora rocks from Cringle ADD picture of porphyry from Kia Ora or Bara Diorite? PICTURE- + Assays Actinolite – Diopside retro-skarn Magnetite Skarn – Bara Diorite Kia Ora Kia Ora
Slide 23: Rock Chips
Barabolar Rock Chips Prospect Silver Gold Copper Lead Zinc Molybdenum Tungsten (g/t) (g/t) (%) (%) (%) (ppm) (ppm) Bara 57 <1 0.08 1.35 0.3 2.11 0.24 Bara 75.6 <1 0.1 3.27 2.38 4.1 0.23 Bara 134 <1 0.28 7.0 0.25 200 <0.1 Bara 31.3 <1 0.07 1.08 0.85 18.5 0.27 Bara 28 <1 0.03 0.84 0.66 2.26 0.11 Bara
Slide 24: 2018 Geophysics Program
2018 Geophysics Program • Induced Polarisation (IP) program (~30 line kms) and interpretation completed in August 2018. • 3D magnetic modelling. • Gravity survey planning underway Refer to release dated 16th August 2018 Highly altered mineralised skarn 24
Slide 25: Induced Polarisation – Chargeability plan view
Induced Polarisation – Chargeability plan view Highly altered mineralised skarn Refer to release dated 16th August 2018 25
Slide 26: Chargeability – Kia Ora Deep Target
Chargeability – Kia Ora Deep Target Kia Ora Deep Porphyry Target • 800m x 700m chargeability (IP) anomaly 350m below surface • Coincident resistivity anomaly • Beneath extensive skarn mineralisation and suggestive of porphyry target Refer to release dated 16th August 2018 Highly altered mineralised
Slide 27: Chargeability – Kia Ora West & Cringle
Chargeability – Kia Ora West & Cringle KIA ORA WEST – buried copper target • 1200m x 600m chargeability (IP) anomaly starting ~150m below surface • 400m x 150m copper in soil anomaly >150ppm • Porphyritic volcanics at surface CRINGLE – Sedimentary hosted base-metals + silver target • 900m x 400m cha
Slide 28: Chargeability – Cupola
Chargeability – Cupola CUPOLA – porphyry intrusive copper target • 400m wide very high-chargeability anomaly ~100 metres below surface • 400m x 150m copper in soil anomaly >150ppm • 150m x 150m silver in soil anomaly >300ppb Refer to release dated 16th August 2018 Highly altered mineralised skarn 28
Slide 29: Resistivity – Bara North
Resistivity – Bara North • BARA NORTH – gold-silver + base-metal target • 150m wide resistivity anomaly and associated chargeability ~200m below surface • 300m x 700m silver in soil anomaly >300ppb • Nearby diorite porphyry and proximal to the high-grade historic Bara Silver Mine Refer to release da
Slide 30: Chargeability – Review
Chargeability – Review • Chargeability anomalies potentially represent sulphide accumulations. • High response anomalies from surface to below 300 metres depth. • High responses beneath zones of significant copper – zinc – silver in soils. • Coincident with surface mineralisation and mapped skarn an
Slide 31: Solving the Intrusion Problem
Solving the Intrusion Problem At least four different intrusions are observed - Carboniferous Granites, Bara Diorite, Kia Ora Diorite and Botobolar quartzolite / alaskite. None of the intrusions appear to be the source of skarnification. Intrusive targets are: • Ordovician age porphyry mineralisatio
Slide 32: Work Program
Barabolar Work Program • Induced Polarisation (IP) program (~30 line kms) complete. • 3D magnetic modelling complete. • Geological and structural mapping over western areas of the system underway. • Soil sampling to the west and north of Cu-Mo-Zn-Ag-Au anomalism planned. • 7,500 metres drill program
Slide 33: For Further Information contact
For Further Information contact: Anthony McClure Managing Director Silver Mines Limited +61 2 8316 3997 33
Slide 34: Competent Person Statement
Competent Person Statement The information in this report that relates to mineral exploration from the Barabolar Project is based on information compiled by the Bowdens Silver team and reviewed by Mr Darren Holden who is an advisor to the Company. Mr Holden is a member of the Australasian Institute
Slide 35: Appendix 1: JORC Code (2012) Table 1
Appendix 1: JORC Code (2012) Table 1 Highly altered mineralised skarn 35
Slide 36: Highly altered mineralised skarn
Highly altered mineralised skarn 36
Slide 37: Highly altered mineralised skarn
Highly altered mineralised skarn 37
Slide 38: Highly altered mineralised skarn
Highly altered mineralised skarn 38
Slide 39: Highly altered mineralised skarn
Highly altered mineralised skarn 39
Slide 40: Highly altered mineralised skarn
Highly altered mineralised skarn 40
Slide 41: Highly altered mineralised skarn
Highly altered mineralised skarn 41