# SVL: Commencement of Drilling at Kramer Hills Project Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/svl-commencement-of-drilling-at-kramer-hills-project--88b2a15b-604f-42ce-a919-b459794e130b Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03154954 Publisher: asx Original announcement: 2026-10-20T21:35:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-20T22:27:46.879Z Atlas analysis updated: 2026-10-20T22:27:46.879Z - Company: Silver Mines Limited - Ticker: SVL - Exchange: ASX - Region: California - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Other, Drill results - Extracted: 2026-10-20 22:27:47 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Silver Mines Limited has commenced its inaugural diamond drilling program at the Kramer Hills Gold Project in California. The program aims to test up to 22 holes for approximately 2,700m to assess the oxide and potential sulphide zones around the historic Shaherald mine. Reasoning: The announcement marks the start of a significant drilling campaign at a project with known historical mineralisation, though no new technical data is provided yet. - Positive factor: Commencement of inaugural drilling program - Positive factor: Strong historical support from previous open pit operations - Positive factor: Geophysical confirmation of target structure - Negative factor: No new assay results reported in this release - Negative factor: Historical QA/QC data is noted as incomplete Facts used in scoring: 5 ## Classification and evidence **Stale Data Re-release** Polarity: negative Story-specific tag Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: The document provides historical drill results from the 1980s without new assays. Evidence · text > Drill results from the 1980’s include: **No QA/QC Disclosure** Polarity: negative Story-specific tag Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: The release explicitly states that historical QA/QC information is incomplete. Evidence · text > Detailed historical drilling, sampling, recovery, assay and QA/QC information is incomplete ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Drill Results (5) ### KRH-15 [Link to this fact](https://atlas-staging.minestarters.com/news/svl-commencement-of-drilling-at-kramer-hills-project--88b2a15b-604f-42ce-a919-b459794e130b#fact-drill-facts-0) Kramer Hills · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: KRH-15 - Project: Kramer Hills - Commodity: gold - Region: california - Reported Region: california - Ticker: SVL #### Geometry - Grade: 3 - Grade Unit: g/t - Intercept: 21.3 m - From: 9.1 m - To: 30.4 m - Intercept Depth: 9.1 m #### Classification - Sample Type: drill - Group ID: KRH-15:9.1-30.4 #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 1980-01-01T00:00:00.000Z #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Historical intercept reported from the 1980s. - Positive factor: Solid grade and width - Negative factor: Historical data with incomplete QA/QC Evidence · text > KRH-15: 21.3m @ 3.0 g/t Au from 9.1 metres #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "• While limited exploration appears to have been conducted below a depth of 30 metres from surface, cross sections from " ### KRH-17 [Link to this fact](https://atlas-staging.minestarters.com/news/svl-commencement-of-drilling-at-kramer-hills-project--88b2a15b-604f-42ce-a919-b459794e130b#fact-drill-facts-1) Kramer Hills · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: KRH-17 - Project: Kramer Hills - Commodity: gold - Region: california - Reported Region: california - Ticker: SVL #### Geometry - Grade: 1.7 - Grade Unit: g/t - Intercept: 22.9 m - From: 0 m - To: 22.9 m - Intercept Depth: 0 m #### Classification - Sample Type: drill - Group ID: KRH-17:0-22.9 #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 1980-01-01T00:00:00.000Z #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Historical intercept reported from the 1980s. - Positive factor: Significant width - Negative factor: Historical data Evidence · text > KRH-17: 22.9m @ 1.7 g/t Au from surface #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "• While limited exploration appears to have been conducted below a depth of 30 metres from surface, cross sections from " ### KRH-24 [Link to this fact](https://atlas-staging.minestarters.com/news/svl-commencement-of-drilling-at-kramer-hills-project--88b2a15b-604f-42ce-a919-b459794e130b#fact-drill-facts-2) Kramer Hills · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: KRH-24 - Project: Kramer Hills - Commodity: gold - Region: california - Reported Region: california - Ticker: SVL #### Geometry - Grade: 4.2 - Grade Unit: g/t - Intercept: 18.3 m - From: 0 m - To: 18.3 m - Intercept Depth: 0 m #### Classification - Sample Type: drill - Group ID: KRH-24:0-18.3 #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 1980-01-01T00:00:00.000Z #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Historical intercept reported from the 1980s. - Positive factor: Strong grade and width - Negative factor: Historical data Evidence · text > KRH-24: 18.3m @ 4.2 g/t Au from surface #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "• While limited exploration appears to have been conducted below a depth of 30 metres from surface, cross sections from " ### KRH-27 [Link to this fact](https://atlas-staging.minestarters.com/news/svl-commencement-of-drilling-at-kramer-hills-project--88b2a15b-604f-42ce-a919-b459794e130b#fact-drill-facts-3) Kramer Hills · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: KRH-27 - Project: Kramer Hills - Commodity: gold - Region: california - Reported Region: california - Ticker: SVL #### Geometry - Grade: 6 - Grade Unit: g/t - Intercept: 6.1 m - From: 12.2 m - To: 18.3 m - Intercept Depth: 12.2 m #### Classification - Sample Type: drill - Group ID: KRH-27:12.2-18.3 #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 1980-01-01T00:00:00.000Z #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Historical intercept reported from the 1980s. - Positive factor: High grade - Negative factor: Historical data Evidence · text > KRH-27: 6.1m @ 6.0 g/t Au from 12.2 metres #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "• While limited exploration appears to have been conducted below a depth of 30 metres from surface, cross sections from " ### KRH-38 [Link to this fact](https://atlas-staging.minestarters.com/news/svl-commencement-of-drilling-at-kramer-hills-project--88b2a15b-604f-42ce-a919-b459794e130b#fact-drill-facts-4) Kramer Hills · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: KRH-38 - Project: Kramer Hills - Commodity: gold - Region: california - Reported Region: california - Ticker: SVL #### Geometry - Grade: 7.9 - Grade Unit: g/t - Intercept: 21.3 m - From: 9.1 m - To: 30.4 m - Intercept Depth: 9.1 m #### Classification - Sample Type: drill - Group ID: KRH-38:9.1-30.4 #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 1980-01-01T00:00:00.000Z #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Historical intercept reported from the 1980s. - Positive factor: Exceptional grade and width - Negative factor: Historical data Evidence · text > KRH-38: 21.3m @ 7.9 g/t Au from 9.1 metres #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "• While limited exploration appears to have been conducted below a depth of 30 metres from surface, cross sections from " ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.