Silver Bull Resources Inc. (TSX:SVB,NYSE:SVBL) announced that the work completed at its Ndjole license over the past two years includes the drilling of three holes that intersect thick, near-surface manganese mineralization.
According to the press release, drilling highlights include:
- NDDD0002: 22% Mn over 34.5m from 0m; including 42% over 5m or 33.7% over 9m from surface.
- NDDD0001: +11% Mn over 17m from 33m (detection limit for manganese for analysis is 11% – not analyzed for ore grade manganese)
- NDDD0018: +11% Mn over 7m from 20m (detection limit for manganese for analysis is 11% – not analyzed for ore grade manganese)
Within the Ndjole license, we have a huge manganese soil anomaly over 50 square kilometers in area with three near surface high grade drill holes at the very northern end of the anomaly. When you consider over 90% of the anomaly still needs to be drilled, coupled with the fact that it sits in the same suite of rocks 25km away from a manganese mine that has just gone into production, and that it lies less than 25 kilometers from a functioning railway, we consider this to be an exciting target that now only needs to be tested with drilling.