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Silver Bull Resources, Inc. (TSX:SVB,NYSEMKT:SVBL) reported that it has filed its updated NI 43-101 Technical Report, “Technical Report on the Resources of the Silver-Zinc Sierra Mojada Project Coahuila, Mexico” on SEDAR at www.sedar.com.

Silver Bull Resources, Inc. (TSX:SVB,NYSEMKT:SVBL) reported that it has filed its updated NI 43-101 Technical Report, “Technical Report on the Resources of the Silver-Zinc Sierra Mojada Project Coahuila, Mexico” on SEDAR at www.sedar.com.

As quoted in the press release:

The Technical Report was completed by JDS Energy & Mining Inc. (“JDS”) on the silver and zinc mineralization of the “Shallow Silver” and “Zinc” Zones at the Sierra Mojada Project in Coahuila, Mexico.

Highlights at various cutoff grades for the silver include:

  • An Indicated silver resource of 72.9 million tonnes at an average grade of 69.5g/t silver totaling 162.9 million troy ounces of silver at a 25g/t silver cutoff grade.
  • An Indicated silver resource of 43.5 million tonnes at an average grade of 93.9g/t silver totaling 131.3 million troy ounces of silver at a 45g/t silver cutoff grade.
  • An Indicated silver resource of 23.8 million tonnes at an average grade of 123.3g/t silver totaling 94.5 million troy ounces of silver at an 80g/t silver cutoff grade.
  • An Indicated zinc resource of 2.41 billion pounds of zinc at an average grade of 1.50%.
  • An Inferred lead resource of 547 million pounds at an average grade of 0.34%.
  • An Inferred copper resource of 129 million pounds at an average grade of 0.08%.

Silver Bull President and CEO Tim Barry said:

The filing of this report represents a significant milestone for Silver Bull. It defines Sierra Mojada as one of the largest undeveloped silver resources in Mexico, as well as providing a significant upgrade on the overall geological understanding of Sierra Mojada. We believe this is the most comprehensive report put out yet on the deposit and provides an extremely good basis for the Preliminary Economic Assessment planned for completion in Q3 2013.

Click here to read the Silver Bull Resources, Inc. (TSX:SVB,NYSEMKT:SVBL) press release

See this press release on Marketwire

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