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PI Financial Corp Updates Coverage and Buy Recommendation on Silver Bull Resources - Video Posted on InvestmentPitch.com
Vancouver, British Columbia--(Newsfile Corp. - July 4, 2013) - PI Financial Corp. updates cove...
About this update from Silver Bull Resources, Inc.
[{"type":"text","content":"\nPI Financial Corp Updates Coverage and Buy Recommendation on Silver Bull Resources - Video Posted on InvestmentPitch.comVancouver, British Columbia--(Newsfile Corp. - July 4, 2013) - PI Financial Corp. updates coverage \non Silver Bull Resources (TSX: SVB) (NYSE MKT: SVBL). Following the release of \npositive test results from the silver mineralization zone at the company's \nflagship project in Mexico, analyst Philip Ker reiterated his buy \nrecommendation, maintaining his 12-month target of $0.95, a premium of 137% to \nthe $0.40 price the day the report was issued.\nInvestmentPitch.com has produced a \"video news alert\" \nbased on this report. If this link is not enabled, please visit \nwww.InvestmentPitch.com and enter \"Silver Bull\" in the search box.\n\nIf you cannot view the video above, please visit: http://www.investmentpitch.com/video/0_etdl7tf9/\nThe flagship \"Sierra Mojada\" project is located 150 kilometers \nnorth of the city of Torreon in Coahuila, Mexico, and is highly prospective for \nsilver and zinc. \nResults reported pertain to test work on the silver \nmineralization from the three areas of the silver deposit: \"Shallow Silver Zone, \n\"Centenario Zone\", and \"Fonteriza Zone\" and does not include work on the \"High \ngrade\" zinc zone which is still ongoing and sits underneath and adjacent to the \nsilver mineralization.\nOverall silver recoveries averaged 73.2% with peak values \nachieving approximately 89% from various sample grades and cyanide \nconcentrations. Furthermore, zinc recoveries of 40 to 50% were achieved from a \nSART process test from samples where the silver had already been precipitated \nout of the solution and is believed this process would significantly aid in \nreducing costs as more than 98% of the cyanide was recycled.\nTim Barry, President and CEO stated, \"Work going forward on \nthe metallurgy will now focus on optimizing and improving the silver and low \ngrade zinc recoveries at various steps along the process, and examining the \npotential to extract more value from lead and zinc. By unlocking the metallurgy \nwe have taken another major step forward in development of one of the largest \nundeveloped silver resources in Mexico.\"\nAnalyst Philip Ker stated, \"We continue to be optimistic of \nSilver Bull to further de-risk Sierra Mojada and believe the positive metallurg...