The Conversation (0)
Silver Bull Resources, Inc. (TSX:SVB) has filed an updated NI 43-101 Technical Report on July 5, 2012 on SEDAR at www.sedar.com. The Report contains an updated resource estimate which represents a 39% increase in the open pittable silver resource of the Shallow Silver Zone at a 15 g/t cut-off, and a 52% increase in the number of silver ounces of the Shallow Silver Zone that now report in the “measured and indicated” category.
As quoted in the press release:
Silver Resource: The mineral resource estimate for the Shallow Silver Zone contained in the Technical Report at an economic cutoff grade of 15 g/t of silver that management believes is likely accessible by open pit mining is as follows:
- A Measured silver resource of 3.688 million tonnes at an average grade of 57.0 g/t – equivalent to 6.714 million troy ounces of silver.
- An Indicated silver resource of 45.175 million tonnes at an average grade of 45.0 g/t – equivalent to 65.419 million troy ounces of silver.
- An Inferred silver resource of 8.162 million tonnes at an average grade of 40.0 g/t – equivalent to 10.496 million troy ounces of silver.
Click here to read the Silver Bull Resources (TSX:SVB) press release
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