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Silver Bull Resources Inc.
Summary
| Project: | Sierra Mojada | |
|---|---|---|
| Deposit: | Sierra Mojada | |
| Location: | Mexico | |
| Commodities: | Silver-Zinc-Copper-Lead | |
| Date: | 3/22/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-3-2017: Silver Bull Resources Inc. announces an Exploration/Drilling Update report for its Sierra Mojada deposit at the Sierra Mojada project. Drilling results incl. 50m @ 0.15% Cu, 27.1g/t Ag from 220m. Silver Bull Resources, Inc. (OTCQB: SVBL, TSX: S | |
| Resources: | (Resource, M+I): 10.03Mt @ 11% Zn at project (6% Zn cut-off) | |
| CP/QP: | [Overall Report]: Tim Barry (Internal) | |
| ABSTRACT: | Silver Bull Resources, Inc. (OTCQB: SVBL, TSX: SVB) (“Silver Bull”) announces the results of its recent exploration drill program targeting deep structures on the Sierra Mojada Project in Coahuila, Northern Mexico. In September 2016 the Company completed a 590 line kilometer airborne magnetic geophysics survey over the main deposit at Sierra Mojada targeting structures at depth. In addition, over 20,000 meters of drill core was re-logged over areas of high interest and a new structural model developed for the main deposit. This work identified a number of deep structures coincident with known high grade historical silver and zinc mines in the area and were the main targets for the drill program. Five exploration holes targeting these deep structures underneath the main zone of mineralization were drilled for a total of 3,270 meters drilled. Although no significant high grade mineralization was intercepted in these holes, zones up to 460 meters of silica alteration resulting in total replacement of the original country rock with silica in places were intercepted, and is typical of the sort of alteration expected proximal to an intrusion, the genesis of the mineralization already defined at Sierra Mojada. Highly anomalous zinc grading between 0.1% and 0.7% is often associated with this silification as well as lesser, silver, copper and lead. These zones were also highly anomalous in manganese, grading up to 1%, which is also typical of carbonate replacement systems, which when combined with the low grade zinc, silver, lead and copper is thought to represent a lower grade halo around the main deposit and provides a powerful vectoring tool for future drilling | |
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