Silver Bull Resources Inc.(TSX:SVB) announced the latest updates from its 3,000 meter underground drill program. The current drill program is targeting a high grade silver within the shallow silver zone.
Highlights of the current drill program include:
- An underground “core” drill program which will target a “high grade” silver zone defined by historical “Long Hole” drilling and channel samples.
- Of the 150 long holes which define the “high grade” zone, 75 holes have average weighted intercepts >80g/t Ag and include; 472g/t Ag over 17 meters, 447g/t Ag over 9 meters, 348g/t Ag over 21 meters, 322g/t Ag over 16 meters, and 363g/t Ag over 10 meters.
Silver Bull, President and CEO, Tim Barry, included:
When we consider that the drills will be starting off underground in high grade silver mineralization, and drilling in an area with a tremendous amount of historical work which already defines this zone we see this as a very low risk program which should add both silver ounces to the deposit, and increase the overall grade within the Shallow Silver Zone. The three goals of this program are; 1) increase the confidence of the 2,700 long hole data set, 2) define the extents of the ore body by drilling through the known mineralization and into mineralized rock, and 3) infill any gaps we have in the historical data set. This will also be extremely cost effective as we will be using our own drills to do this work and there is very little preparation that needs to be done to the underground workings.