Silver Mines Limited · ASX:SVL

Silver Mines — Technical Presentation (August 2018)

41 slides from Silver Mines's technical presentation, August 2018

  1. Slide 1: Unlocking a Major Mineralised System

    Unlocking a Major Mineralised System Barabolar Project Technical Update August 2018

  2. 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

  3. Slide 3: Barabolar Project

    Barabolar Project Copper Porphyry and High-Grade epithermal projects in the Macquarie Arc of NSW. Barabolar Mineralised Skarn 3

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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

  11. Slide 11: Unlocking a Major Mineralised System

    Unlocking a Major Mineralised System 11

  12. 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

  13. Slide 13: Geochemistry & Alteration – Mineralised Skarn

    Barabolar Geochemistry & Alteration MINERALISED SKARN >5km Refer to release dated 26th June 2018 13

  14. Slide 14: Geochemistry & Alteration – Copper

    Barabolar Geochemistry & Alteration COPPER ANOMALISM >100ppm Refer to release dated 26th June 2018 14

  15. Slide 15: Geochemistry & Alteration – Molybdenum

    Barabolar Geochemistry & Alteration MOLYBDENUM ANOMALISM >5ppm Refer to release dated 26th June 2018 15

  16. Slide 16: Geochemistry & Alteration – Pyrophyllite

    Barabolar Geochemistry & Alteration Pyrophyllite Refer to release dated 26th June 2018 16

  17. Slide 17: Geochemistry & Alteration – Zinc

    Barabolar Geochemistry & Alteration ZINC ANOMALISM >100ppm Refer to release dated 26th June 2018 17

  18. Slide 18: Geochemistry & Alteration – Lead

    Barabolar Geochemistry & Alteration Pyrophyllite LEAD ANOMALISM >50ppm Refer to release dated 26th June 2018 18

  19. Slide 19: Soil Geochemistry & Alteration

    Barabolar Soil Geochemistry & Alteration Pyrophyllite Refer to release dated 26th June 2018 19

  20. Slide 20: Rockchip, Geochemistry & Alteration

    Barabolar Rockchip, Geochemistry & Alteration Refer to release dated 26th June 2018 20

  21. 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

  22. 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

  23. 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

  24. 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

  25. Slide 25: Induced Polarisation – Chargeability plan view

    Induced Polarisation – Chargeability plan view Highly altered mineralised skarn Refer to release dated 16th August 2018 25

  26. 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

  27. 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

  28. 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

  29. 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

  30. 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

  31. 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

  32. 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

  33. Slide 33: For Further Information contact

    For Further Information contact: Anthony McClure Managing Director Silver Mines Limited +61 2 8316 3997 33

  34. 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

  35. Slide 35: Appendix 1: JORC Code (2012) Table 1

    Appendix 1: JORC Code (2012) Table 1 Highly altered mineralised skarn 35

  36. Slide 36: Highly altered mineralised skarn

    Highly altered mineralised skarn 36

  37. Slide 37: Highly altered mineralised skarn

    Highly altered mineralised skarn 37

  38. Slide 38: Highly altered mineralised skarn

    Highly altered mineralised skarn 38

  39. Slide 39: Highly altered mineralised skarn

    Highly altered mineralised skarn 39

  40. Slide 40: Highly altered mineralised skarn

    Highly altered mineralised skarn 40

  41. Slide 41: Highly altered mineralised skarn

    Highly altered mineralised skarn 41

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