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Silver Bull Ndjole License Renewed, Announce Results of Completed Work Program

Investing News Network
Aug. 08, 2012 08:07AM PST
Silver Investing

Silver Bull Resources (TSX:SVB) announced the renewal of its Ndjole license by the Ministry of Mines in Gabon for an additional 3 years, and provided results of the work program on the Ndjole license completed over the last 2 years.

Silver Bull Resources (TSX:SVB) announced the renewal of its Ndjole license by the Ministry of Mines in Gabon for an additional 3 years, and provided results of the work program on the Ndjole license completed over the last 2 years.

As quoted in the press release:

Silver Bull is pleased to confirm it has received confirmation from the Ministry of Mines in Gabon that it has renewed the Ndjole exploration license for an additional 3 years.

A work program was completed over the last 2 years on the Ndjole license which included 5,300 meters of diamond drilling, a 3,660 line kilometer airborne electro-magnetic survey, 1:20K geological mapping and basin analysis for the Ndjole area, and 20,000 soil samples which identified a very significant manganese soil anomaly >500ppm Mn over 50 square kilometers in area. Three drill holes at the very northern end of the manganese anomaly intersected thick, near surface manganese mineralization. Highlights from the manganese drilling 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).

Click here to read the Silver Bull Resources (TSX:SVB) press release

See this press release on Marketwire
Click here to see the Silver Bull Resources (TSX:SVB) profile.

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