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Silver Bull Files Updated Ni43-101 Report On SEDAR, Increasing The Shallow Silver Zone Silver Resource By 39% At The Sierra Mojada Project, Coahuila, Mexico.
Silver Bull Files Updated Ni43-101 Report On SEDAR, Increasing The Shallow Silver Zone Silver ...
About this update from Silver Bull Resources, Inc.
[{"type":"text","content":"\nSilver Bull Files Updated Ni43-101 Report On SEDAR, Increasing The Shallow Silver Zone Silver Resource By 39% At The Sierra Mojada Project, Coahuila, Mexico.\n\nSilver Bull Files Updated Ni43-101 Report On SEDAR, Increasing The Shallow Silver Zone Silver Resource By 39% At The Sierra Mojada Project, Coahuila, Mexico.\nVancouver, British Columbia CANADA, July 06, 2012 /FSC/ - Silver Bull Resources Inc. (TSX: SVB, NYSE MKT: SVBL) is pleased to announce further to its news release dated May 22, 2012, it has filed its updated NI43-101 Technical Report titled \"Technical Report on the Sierra Mojada Silver Project, Coahuila State, Mexico\" (\"the Technical Report\") dated July 5, 2012 on SEDAR at www.sedar.com.  The Technical Report completed by SRK Consulting (Canada) Inc. (\"SRK\") 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, previously reported by Silver Bull in the NI43-101 Technical Report released in November 2011.  The updated resource also represents a 52% increase in the number of silver ounces of the Shallow Silver Zone that now report in the \"measured and indicated\" category.\nSilver 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:\n* 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.\n* 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.\n* 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.\nA summary of the mineral resource estimate at various silver cutoff grades is as follows:\n-***-\n-------------------------------------------------------------------------\n                          Inside Silver Whittle Pit\n-------------------------------------------------------------------------\nClass     Cut-off &#...