Silver Mines Limited announced recent assay results from the underground resource drilling program at the Bowdens Silver Project located near Mudgee in New South Wales. Scoping Study and Mineral Resource Drilling Program: The Company currently has four drilling rigs on site continuing a 30,000 metre diamond drilling program. Targets include high-grade veins and feeder zones outside of the current open pit Ore Reserve in the north, central and southern parts of the Bowdens Silver Deposit.

Results from this drilling will form the basis for a Mineral Resource estimate as part of a Scoping Study of underground mining scenarios. The program of drilling has been extended into 2022 in line with the outstanding new results and extensions from the Bundarra Zone. The Scoping Study is now advanced and is expected complete in the first half 2022, following the completion of resource drilling.