Silver Bull Increases the Silver Resource of the Shallow Silver Zone

Mineweb reported that Silver Bull Resources Inc. (TSX:SVB,AMEX:SVBL) increased its resource estimate at Sierra Mojada.

As quoted in the market news:

At the 15 g/t cutoff for silver, this updated resource estimate represents a 45% increase in the combined inferred and indicated silver ounces of the Shallow Silver Zone that were previously reported by Silver Bull in the NI43-101 Technical Report released in April 2011.

Silver Bull’s President and CEO, Tim Barry said:

“We are very pleased with this report and plan to keep adding to this silver resource via the continued drilling of the open extensions to the Shallow Silver Zone. Our board recently approved an additional 10,000 meters of drilling in calendar year 2011 in addition to the existing 20,000 meter drill program currently underway on the Shallow Silver Zone.”

Click here to read the full Mineweb report.