The Conversation (0)
Silver Bull Resources Inc. (TSX:SVB,NYSEMKT:SVBL) announced that the National Water Commission of Mexico has granted its subsidiary six permits that will allow it to take 3,500,000 cubic meters per year from the regional aquifier. The water will be used at the company’s Sierra Mojada silver-zinc project.
Silver Bull Resources Inc. (TSX:SVB,NYSEMKT:SVBL) announced that the National Water Commission of Mexico has granted its subsidiary six permits that will allow it to take 3,500,000 cubic meters per year from the regional aquifer. The water will be used at the company’s Sierra Mojada silver-zinc project.
As quoted in the press release:
The Preliminary Economic Assessment on the Sierra Mojada project, filed November 15, 2013 (and available for download at www.silverbullresources.com), outlined an 8,500 tonne per day mill throughput operation with an estimated annual industrial water requirement for 2,000,000m3 and annual potable water requirement of 500,000m3, resulting in an estimated total annual regional water requirement of 2,500,000m3.
A hydrological report commissioned by Silver Bull in November 2012 shows the Sierra Mojada project sits on the edge of the Laguna del Ray Aquifer which covers an estimated area of 3,097km2 and can easily accommodate the water requirements for the project.
Tim Barry, Silver Bull’s president and CEO, commented:
This is another major step forward for the project. One of the major killers of projects in dry regions can often be access to enough water; we do not have this problem at Sierra Mojada. Hydrological studies completed on the area clearly indicate that there is sufficient water available to support our operations as well as future growth for nearby communities as a result of the jobs we create in the region. This is yet another key milestone to de-risk this project and advance it forward.
Click here to read the full Silver Bull Resources Inc. (TSX:SVB,NYSEMKT:SVBL) press release.