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Resource Clips


Posts tagged ‘Silver Bull Resources Inc (SVB)’

Silver Bull reports Mexico Silver Assays up to 912.8 g/t over 17.6m

August 20th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningSilver Bull Resources Inc TSX:SVB announced results from the Shallow Silver Zone of its Sierra Mojada Project in Coahuila State, Mexico. Assays include

88.5 grams per tonne silver over 20 metres
(including 192.8 g/t silver over 8 metres)
206.5 g/t silver over 18 metres
(including 561.87 g/t silver over 6 metres)
15.9 g/t silver, 7% zinc over 7 metres
912.8 g/t silver over 17.6 metres
(including 1,927 g/t silver over 3.66 metres)
(including 4.14% zinc over 4.9 metres)
(including 7.2% g/t lead over 7.2 metres)
5% zinc over 5 metres)
115.5 g/t silver over 43.5 metres
(including 5.96% zinc over 30.5 metres)

President/CEO Tim Barry commented, “We continue to be very pleased with the results from the long-hole twinning program. Recent underground mapping shows the high-grade zone is hosted along a series of east-west striking ‘stacked’ faults that are traceable underground for at least 1 kilometre. The lower-grade mineralization we encounter in some of the holes appears to be a halo in between the fault zones and explains why the drill holes can return spectacular grades when drilling in one direction and lower grades when drilling in another direction.”

According to a May 2012 resource estimate, the Shallow Silver Zone contains (at 15 g/t silver cutoff), 3.69 million tonnes grading 57 g/t silver for 6.71 million ounces silver measured, 45.18 million tonnes grading 45 g/t silver for 65.42 million ounces silver indicated and 8.16 million tonnes grading 40 g/t silver for 10.5 million ounces silver inferred.

View Company Profile

Matt Hallaran
Investor Relations Manager
604.336.8096

Read a feature story about Silver Bull

by Kevin Michael Grace

Silver Bull reports Mexico Silver Assays up to 309.68 g/t over 23m, 242.9 g/t over 21m

August 14th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningSilver Bull Resources Inc TSX:SVB announced results twinning a series of holes in a high-grade zone defined by a historical “long hole” from the Shallow Silver Zone of its Sierra Mojada Project in Coahuila State, Mexico. Assays include

192 grams per tonne silver over 19.9 metres
(including 524.18 g/t silver over 4.05 metres)
(including 7.52% zinc over 12.75 metres)
78.06 g/t silver over 44.9 metres
(including 335.38 g/t silver over 2 metres)
(including 10.42% zinc over 19.2 metres)
42.73 g/t silver over 17 metres
(including 93.47 g/t silver over 3 metres)
242.9 g/t silver over 21 metres
(including 916.29 g/t silver over 3 metres)
(including 1.95% zinc over 2.7 metres)
65.39 g/t silver over 17 metres
(including 1,648.25 g/t silver over 4 metres)
(including 2.02% zinc over 14.9 metres)

President/CEO Tim Barry commented, “We are extremely pleased with the first batch of results to come in from the long-hole twinning program. We are seeing a good correlation with the historical long-hole dataset and are proving that the high-grade silver zone we see in the long-hole data is real and exists over wide intercepts of core. Proving out this high-grade zone with the twinning program will be a significant step forward for this project as we are confident it will add significant ounces to the growing Shallow Silver Zone and likely increase the overall grade of the deposit.”

According to a May 2012 resource estimate, the Shallow Silver Zone contains (at 15 g/t silver cutoff), 3.69 million tonnes grading 57 g/t silver for 6.71 million ounces silver measured, 45.18 million tonnes grading 45 g/t silver for 65.42 million ounces silver indicated and 8.16 million tonnes grading 40 g/t silver for 10.5 million ounces silver inferred.

View Company Profile

Matt Hallaran
Investor Relations Manager
604.336.8096

Read a feature story about Silver Bull

by Kevin Michael Grace

Silver Threads And Zinc Credits

March 5th, 2012

Silver Bull Expands its Resource in Mexico

By Ted Niles

Until Metalline Mining and Dome Ventures merged in 2010, the silver potential of its Mexico Sierra Mojada project hadn’t even been considered. “Metalline had it for over 16 years and focused almost exclusively on the zinc,” Tim Barry explains. “When the merger was done, and we got to the project, we noted there was significant at-surface silver mineralization kicking around that had never been tested. Zinc at the time was living in the 50-cent range, so we changed direction for the company and started focusing on the silver mineralization.”

A month after Barry’s March 2011 appointment to President and CEO, the company took the name Silver Bull Resources TSX:SVB to better reflect that change of direction. And in the space of seven months, Silver Bull released two resource estimates from the project’s Shallow Silver zone demonstrating Sierra Mojada’s silver lining.

Silver Bull Expands its Resource in Mexico

The project consists of 15,833 hectares, and is located in an historical mining district 250 kilometres north of the city of Torreon in Coahuila State. The November 2011 NI 43-101 technical report estimates that Sierra Mojada has resources of 46.31 million ounces silver indicated and 13.19 million ounces inferred, both at a 15 grams per tonne cutoff. This represents an increase of 45% from the estimate released six months earlier.

“The model we’re using is similar to what Red Back did,” Barry explains—referring to Red Back Mining, which was acquired by Kinross TSX:K in September 2010 for $7.2 billion—”which was putting out regular resource updates every six months or so. We’ve got a very aggressive drill program underway on the property right now. There are three drills turning. The drill plan to the end of the year will probably finish up something in the order of about 50,000 metres.” Barry expects the next resource update to appear in 2Q of this year, and “In addition to increasing the silver resource, we hope will also reintroduce the zinc to the story.”

With zinc prices bouncing back from their 2008 collapse, Sierra Mojada’s Red Zinc and White Zinc zones should be a considerable sweetener. Barry says, “We’ve got a huge zinc resource—that we’re going to get in the next 43-101—that we get no value for in the stock whatsoever. The silver and zinc are going to be quite intimately tied, because the way the ore body is set the silver actually sits over the top of where the zinc is. So you mine out the silver and finish with the zinc as the final paragraph.”

February 14 assays results from the Shallow Silver zone include

  • 19.9% zinc over 10.9 metres
  • 10.06% zinc over 1.2 metres
  • 109.39 g/t silver over 12.6 metres
  • 64.93 g/t silver and 1.64% zinc over 48.3 metres
  • 27.99 g/t silver and 4.57% zinc over 15 metres
  • 144.04 g/t silver over 31 metres
  • 67 g/t silver and 3.41% zinc over 20.6 metres
  • 30.86 g/t silver and 3.14% zinc over 57.7 metres
  • 61.7 g/t silver and 1.83% zinc over 12.4 metres
  • 77.04 g/t silver over 31.9 metres
  • 89.4 g/t silver over 36.3 metres
The goal is that we’re going to keep drilling it out and defining the resource, to keep pushing this as fast as we can towards production —Tim Barry

Barry comments, “What we were doing with this drill program was just testing the margins of the known mineralization. Interestingly, we’re hitting some really exciting zinc intercepts, particularly down the eastern end of the property. At the western end of the ore body, we were pleasantly surprised [to find] we had a significant increase in the grade of the mineralization as well as the thickness that we intercepted. We’re excited about that because on that same trend there are a bunch of historical mine shafts that extend for another 1.5 kilometres that have never been drilled. So part of 2012 will be to focus on drilling on the western end of the known ore body.”

February 27 results of the current drill program at the Centenario zone—situated 300 metres north of the fault which hosts the Shallow Silver zone—include

  • 86.98 g/t silver over 118.2 metres
  • 93.8 g/t silver over 20.3 metres
  • 29.45 g/t silver over 29.8 metres
  • 31.16 g/t silver over 20.3 metres
  • 25.76 g/t silver over 40.4 metres
  • 16.62 g/t silver over 95.1 metres
  • 51.27 g/t silver over 140.6 metres

Because of a surfeit of targets located near the resource, Silver Bull will be devoting 2012 almost exclusively to drilling. Barry notes, however, that a metallurgical program—focusing on both the silver and the zinc—will also take place this year. “The goal is that we’re going to keep drilling it out and defining the resource,” he relates, “to keep pushing this as fast as we can towards production. We’re going to keep rolling over 43-101 updates until the end of this year, thinking about PEAs and feasibilities in 2013 and where they fit into the picture.”

Sierra Mojada is accessible both by rail and paved road and is within 30 kilometres of power lines. Security issues arising from—to use Barry’s euphemism—”entrepreneurial horticulturalists” have been non-existent, due to the project’s location—which precludes any through traffic—and, more crucially, the absence of surface water. “We’re probably in one of the few parts of Mexico where we haven’t had to organize a security company to come on board.”

“You’ll be able to put this into production very quickly for two reasons,” Barry declares. “One, a good portion of the mineralization sits at surface. Two, it sits at a slightly elevated position, which means you could gravity feed a lot of the ore to where you want to go. So the build-out costs, at least initially, should be pretty modest and easy to do.”

With $12.5 million cash on hand, three-quarters of the known resource in the indicated category, and the potential for a considerable zinc resource, Barry anticipates a good year for Silver Bull. “When you put all that together, coupled with a 50,000-metre drill program that is going ahead this year, I can see nothing but good news and good results coming forward,” he concludes. “We’re simply getting better and better at identifying the zones to drill, and [output] from the drill rigs has been probably too fast. It’s kind of hard to keep up at times. I think 2012 will be a really exciting year.”

At press time, Silver Bull had 136.2 million shares trading at $0.57 for a $77.6 million market cap. The company also has numerous projects in Gabon, in West Africa.

Silver Bull reports Mexico Silver Assays as high as 86.98 g/t over 118.2m

February 27th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningSilver Bull Resources Inc TSX:SVB announced drill results from the Centenario Zone of its Sierra Mojada project in Coahuila State, Mexico. Highlights include

86.98 g/t silver over 118.2 metres
93.8 g/t over 20.3 metres
16.84 g/t over 74 metres
17 g/t over 38 metres
24.51 g/t over 7.7 metres
21.36 g/t over 12 metres
35.06 g/t over 10.8 metres
29.45 g/t over 29.8 metres
31.16 g/t over 20.3 metres
25.76 g/t over 40.4 metres
16.62 g/t over 95.1 metres
51.27 g/t over 140.6 metres
23.82 g/t over 14.4 metres

President/CEO Tim Barry stated, “We are extremely pleased with the continued positive results coming from the Centenario Zone and the emergence of a high-grade zone of mineralization. Considering the extent of the Centenario Zone defined so far, we are very confident this will add a significant amount of silver to our next resource report expected in Q2 of this year. Following our $10.5 million financing at the end of 2011 we are focused in 2012 on continuing to drill out the widespread silver and zinc mineralization seen at Sierra Mojada and also developing a metallurgical flow sheet via an extensive metallurgical program led by George Rawsthorne.”

View Company Profile

Contact:
Tim Barry
President/CEO
604.895.7430

by Ted Niles

Silver Bull CEO Tim Barry on Mexico silver assays of 109.39 g/t over 12.6m

February 16th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningSilver Bull Resources, Inc TSX:SVB announced assays from the Shallow Silver zone of its Sierra Mojada project in Coahuila State, Mexico. Results include

19.9% zinc over 10.9 metres
10.06% zinc over 1.2 metres
109.39 g/t silver over 12.6 metres
64.93 g/t silver and 1.64% zinc over 48.3 metres
27.99 g/t silver and 4.57% zinc over 15 metres
144.04 g/t silver over 31 metres
67 g/t silver and 3.41% zinc over 20.6 metres
57.8 g/t silver over 14.8 metres
30.86 g/t silver and 3.14% zinc over 57.7 metres
61.7 g/t silver and 1.83% zinc over 12.4 metres
35.66 g/t silver over 20.9 metres
77.04 g/t silver over 31.9 metres
92.5 g/t silver over 8.3 metres
89.4 g/t silver over 36.3 metres
66.54 g/t silver over 16 metres

President/CEO Tim Barry tells ResourceClips.com, “Sierra Mojada has been a historical mining district for the last 100 years. Silver Bull emerged from a merger between Metalline Mining and Dome Ventures. When Metalline had the property, they had it for over 16 years and focused almost exclusively on the zinc resource there. When the merger was done, and we got to the project, we noted there was significant at-surface silver mineralization kicking around that had never been tested. Zinc at the time was living in the 50-cent range, so we changed direction for the company and started focusing on the silver mineralization. To date, we’ve put out two resource updates. The resource right now is sitting at 47.8 million ounces indicated and 13.8 million ounces inferred, and that’s out of a global resource of 84 million ounces.

We’re going to keep drilling it out and defining the resource, to keep pushing this as fast as we can towards production—Tim Barry

“The model we’re using is similar to what Red Back Mining did, which was putting out regular resource updates every six months or so. We’ve got a very aggressive drill program underway on the property right now. There are three drills turning. The drill plan to the end of the year will probably finish up something in the order of about 50,000 metres of drilling. We have another resource update that we expect to have out 2Q of this year, which in addition to increasing the silver resource, will also, we hope, reintroduce the zinc to the story.

“We’re pleased [with these assays],” Barry continues. “What we were doing with this drill program was just testing the margins of the known mineralization. As the results show, we’ve still got some real thickness in grade. Interestingly, we’re hitting some really exciting zinc intercepts, particularly down the eastern end of the property. At the western end of the ore body, we were pleasantly surprised [to find] we had a significant increase in the grade of the mineralization as well as the thickness that we intercepted. Why we’re excited about that is because on that same trend there is a bunch of historical mine shafts that extend for another 1.5 kilometres that have never been drilled. So part of 2012 will be to focus on drilling on the western end of the known ore body.

“This year is going to be devoted entirely to continuing to expand the resource. We simply have too many near-resource drill targets that we’ve got to put some holes into. So I think we’ll start to consider a preliminary economic assessment in 2013. At the same time that the drill program is going on for 2012, we’ve also got a metallurgical program looking at both the silver and the zinc. The goal is that we’re going to keep drilling it out and defining the resource, to keep pushing this as fast as we can towards production. We’re going to keep rolling over 43-101 updates until the end of this year, thinking about PEAs and feasibilities in 2013 and where they fit into the picture.

“You’ll be able to put this into production very quickly for two reasons,” Barry relates. “One, a good portion of the mineralization sits at surface. Two, it sits at a slightly elevated position, which means you could gravity feed a lot of the ore to where you want to go. So the build-out costs, at least initially, should be pretty modest and easy to do.

“We’ve had no security issues whatsoever. Sierra Mojada actually sits at a dead-end road, which is an advantage for the simple reason that you don’t get any through traffic going into the place. The other key thing is that there is no surface water, so you don’t get any entrepreneurial horticulturalists growing anything there. We’ve had no problems at this point, and we’re probably in one of the few parts of Mexico where we haven’t had to organize a security company to come on board.

“In terms of infrastructure it couldn’t be better. We have a paved road right to the site. We’re three hours north of the city of Torreon, which is where you fly into. We have a working railway right to the site—600 metres away from where our office is. And we have high tension power lines that are 30 kilometres from the site.

Regarding how the company is funded, Barry says, “We’re in really good shape. We’ve got $12.5 million in the bank right now. It will be close to $140 million shares out fully diluted.”

Barry explains why Silver Bull is undervalued, “Number one, we’re actually in this drill program, and we actually know we’re going to hit more mineralization. We’re starting the drills off in mineralization, and there is no better drill target that you can put a drill onto. So in terms of that, [the project] is incredibly low risk. Number two, we’ve got a huge zinc resource—that we’re going to get in the next 43-101—that we get no value for in the stock whatsoever. The story between the silver and zinc are going to be quite intimately tied, because the way the ore body is set the silver actually sits over the top of where the zinc is. So you mine out the silver and finish with the zinc as the final paragraph. And simply in terms of ounces in the ground. As it stands right now, three quarters of the known silver deposit is in the indicated category. And we’re trading below peers. When you put all that together, coupled with a 50,000-metre drill program that is going ahead this year, I can see nothing but good news and good results coming forward.

“Our progress has been fantastic,” he concludes. “We had a lot of work to clean up the company when the merger happened. That is how I got involved with it. That work has been done. We’ve put together a fantastic team, led by guys with some solid proven track records, and they’ve put together a really aggressive program. We’re simply getting better and better at identifying the zones to drill and [output] from the drill rigs has been probably too fast. It’s kind of hard to keep up at times. I think 2012 will be a really exciting year.”

View Company Profile

Contact:
Tim Barry
President/CEO
604.895.7430

by Ted Niles

Silver Bull reports Mexico Silver Assays up to 144 g/t over 31m

February 15th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningSilver Bull Resources, Inc TSX:SVB announced assays from the Shallow Silver zone of its Sierra Mojada project in Coahuila State, Mexico. Results include

19.9% zinc over 10.9 metres
10.06% zinc over 1.2 metres
109.39 g/t silver over 12.6 metres
64.93 g/t silver and 1.64% zinc over 48.3 metres
27.99 g/t silver and 4.57% zinc over 15 metres
144.04 g/t silver over 31 metres
67 g/t silver and 3.41% zinc over 20.6 metres
57.8 g/t silver over 14.8 metres
30.86 g/t silver and 3.14% zinc over 57.7 metres
61.7 g/t silver and 1.83% zinc over 12.4 metres
35.66 g/t silver over 20.9 metres
77.04 g/t silver over 31.9 metres
92.5 g/t silver over 8.3 metres
89.4 g/t silver over 36.3 metres
66.54 g/t silver over 16 metres

President/CEO Tim Barry tells ResourceClips.com, “Sierra Mojada has been a historical mining district for the last 100 years. Silver Bull emerged from a merger between Metalline Mining and Dome Ventures. When Metalline had the property, they had it for over 16 years and focused almost exclusively on the zinc resource there. When the merger was done, and we got to the project, we noted there was significant at-surface silver mineralization kicking around that had never been tested. Zinc at the time was living in the 50-cent range, so we changed direction for the company and started focusing on the silver mineralization. To date, we’ve put out two resource updates. The resource right now is sitting at 47.8 million ounces indicated and 13.8 million ounces inferred, and that’s out of a global resource of 84 million ounces.

We’re going to keep drilling it out and defining the resource, to keep pushing this as fast as we can towards production—Tim Barry

“The model we’re using is similar to what Red Back Mining did, which was putting out regular resource updates every six months or so. We’ve got a very aggressive drill program underway on the property right now. There are three drills turning. The drill plan to the end of the year will probably finish up something in the order of about 50,000 metres of drilling. We have another resource update that we expect to have out 2Q of this year, which in addition to increasing the silver resource, will also, we hope, reintroduce the zinc to the story.

“We’re pleased [with these assays],” Barry continues. “What we were doing with this drill program was just testing the margins of the known mineralization. As the results show, we’ve still got some real thickness in grade. Interestingly, we’re hitting some really exciting zinc intercepts, particularly down the eastern end of the property. At the western end of the ore body, we were pleasantly surprised [to find] we had a significant increase in the grade of the mineralization as well as the thickness that we intercepted. Why we’re excited about that is because on that same trend there is a bunch of historical mine shafts that extend for another 1.5 kilometres that have never been drilled. So part of 2012 will be to focus on drilling on the western end of the known ore body.

“This year is going to be devoted entirely to continuing to expand the resource. We simply have too many near-resource drill targets that we’ve got to put some holes into. So I think we’ll start to consider a preliminary economic assessment in 2013. At the same time that the drill program is going on for 2012, we’ve also got a metallurgical program looking at both the silver and the zinc. The goal is that we’re going to keep drilling it out and defining the resource, to keep pushing this as fast as we can towards production. We’re going to keep rolling over 43-101 updates until the end of this year, thinking about PEAs and feasibilities in 2013 and where they fit into the picture.

“You’ll be able to put this into production very quickly for two reasons,” Barry relates. “One, a good portion of the mineralization sits at surface. Two, it sits at a slightly elevated position, which means you could gravity feed a lot of the ore to where you want to go. So the build-out costs, at least initially, should be pretty modest and easy to do.

“We’ve had no security issues whatsoever. Sierra Mojada actually sits at a dead-end road, which is an advantage for the simple reason that you don’t get any through traffic going into the place. The other key thing is that there is no surface water, so you don’t get any entrepreneurial horticulturalists growing anything there. We’ve had no problems at this point, and we’re probably in one of the few parts of Mexico where we haven’t had to organize a security company to come on board.

“In terms of infrastructure it couldn’t be better. We have a paved road right to the site. We’re three hours north of the city of Torreon, which is where you fly into. We have a working railway right to the site—600 metres away from where our office is. And we have high tension power lines that are 30 kilometres from the site.

Regarding how the company is funded, Barry says, “We’re in really good shape. We’ve got $12.5 million in the bank right now. It will be close to $140 million shares out fully diluted.”

Barry explains why Silver Bull is undervalued, “Number one, we’re actually in this drill program, and we actually know we’re going to hit more mineralization. We’re starting the drills off in mineralization, and there is no better drill target that you can put a drill onto. So in terms of that, [the project] is incredibly low risk. Number two, we’ve got a huge zinc resource—that we’re going to get in the next 43-101—that we get no value for in the stock whatsoever. The story between the silver and zinc are going to be quite intimately tied, because the way the ore body is set the silver actually sits over the top of where the zinc is. So you mine out the silver and finish with the zinc as the final paragraph. And simply in terms of ounces in the ground. As it stands right now, three quarters of the known silver deposit is in the indicated category. And we’re trading below peers. When you put all that together, coupled with a 50,000-metre drill program that is going ahead this year, I can see nothing but good news and good results coming forward.

“Our progress has been fantastic,” he concludes. “We had a lot of work to clean up the company when the merger happened. That is how I got involved with it. That work has been done. We’ve put together a fantastic team, led by guys with some solid proven track records, and they’ve put together a really aggressive program. We’re simply getting better and better at identifying the zones to drill and [output] from the drill rigs has been probably too fast. It’s kind of hard to keep up at times. I think 2012 will be a really exciting year.”

View Company Profile

Contact:
Tim Barry
President/CEO
604.895.7430

by Ted Niles

Silver Bull reports Mexico Assays of 100 g/t Silver, 1.22% Zinc, 0.42% Lead over 43m

February 1st, 2012

Resource Clips - essential news on junior gold mining and junior silver miningSilver Bull Resources Inc TSX:SVB announced results from the Shallow Silver Zone of its Sierra Mojada Project in Coahuila State, Mexico. Assays include

100 g/t silver, 1.22% zinc, 0.42% lead and 0.01% copper over 43 metres
55.45 g/t silver, 1.71% zinc, 1.27% lead and 0.03% copper over 55.1 metres
44.64 g/t silver, 0.25% zinc, 0.07% lead and 0.03% copper over 67.3 metres
36.87 g/t silver, 0.21% zinc and 0.08% lead over 72.4 metres
35.45 g/t silver, 0.86% zinc and 0.2% lead over 69 metres
170 g/t silver, 1.4% zinc, 1.99% lead and 0.03% copper over 11 metres

The Shallow Silver Zone has a resource estimate of 47.3 million ounces silver indicated and 13.8 million ounces silver inferred.

View Company Profile

Contact:
Tim Barry
President/CEO
604.895.7430

by Greg Klein

Silver Bull reports Mexico Silver Assays as high as 51.8 g/t over 109.4m

January 11th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningSilver Bull Resources Inc TSX:SVB announced drill results from the Centenario zone of its Sierra Mojada project in Coahuila State, Mexico. Highlights include

24.09 g/t silver over 35 metres
20.02 g/t over 24 metres
25.8 g/t over 23.2 metres
41 g/t over 62.6 metres
36 g/t over 60.8 metres
16.7 g/t over 24.8 metres
25.4 g/t over 106.1 metres
51.8 g/t over 109.4 metres
35.1 g/t over 105.8 metres
28.03 g/t over 143.9 metres

President/CEO Tim Barry stated, “We are extremely pleased with the continued positive results coming from the Centenario Zone which highlights the potential of Sierra Mojada as a large low-grade silver deposit similar in style to Coeur d’Alene Mines Corporation Rochester mine. Following on from the $10.5 million financing we completed in December 2011, we are well positioned to continue drilling out the Centenario Zone as well as the extension to the Shallow Silver Zone in the west. In addition to focusing on increasing the silver resource, our exploration program in 2012 will also focus on better defining the very significant zinc mineralization we also see at Sierra Mojada.”

View Company Profile

Contact:
Tim Barry
President/CEO
604.687.5800

by Ted Niles