The Silver Mines (ASX:SVL) share price falls despite positive drill results

The Silver Mines Ltd (ASX: SVL) share price is falling today, down 4% at 24 cents in late morning trading.

This comes despite the ASX silver miner reporting some positive assay results from the diamond drilling program at its Bowdens Silver Project in New South Wales.

What drilling results did Silver Mines report?

In today’s ASX announcement, Silver Mines reported the assays from its Bowdens project had revealed “outstanding high-grade drill results”. According to the company, Bowdens is the largest undeveloped silver deposit in Australia.

Preliminary results returned from the drill hole include:

• 6 metres @ 471g/t silver equivalent (413g/t silver, 1.14% lead, 0.39% zinc) from 96 metres which includes:
• 0 metres @ 1090g/t…