Silver City Minerals Intersects Target Mineralisation

Silver City Minerals has announced a 5 metre sulphide intersection of 6.02% Pb+Zn from 41 metres down-hole within a broader interval of 32 metres of 1.3% Zn at the Stephens Trig prospect 12km north of Broken Hill. The program, directed at a possible shallow extension of defined deeper sulphide mineralisation, was aimed at defining a modest satellite mine to feed operating base metal processing facilities on the “line of lode” at Broken Hill. Two sulphide concentrators are currently fed from relatively modest grade underground sources. This is a more modest target than a larger and deeper mineralised system but probably more suited to achieving finance. The latest intersection is consistent with deeper intersections at Stephens Trig supporting the interpretation of two steeply dipping lenses. Holes drilled 150 metres and 300 metres to the northeast intersected lower grade oxidised material that would not be suitable for development. Silver City Minerals was classified as a Phase I company and rated ‘3+’ on the five point PortfolioDirect rating scale indicating the potential for superior exploration outcomes in a report dated 19 February 2016.