I took a small starter position in SVBL. Silver/zinc exploration play, low market cap - it reminds me of Southern Silver Exploration.
from website
Silver Bull Resources, Inc is a Canadian based mineral exploration company engaged in exploring and developing the "Sierra Mojada" located in Coahuila, Mexico. The project is 100% owned and operated by Silver Bull Resources, Inc. and is part of a large land package consisting of 20 mining concessions totalling 4,715 hectares (11,651 acres), located in a historical high grade silver, lead, zinc mining district discovered in 1879. The project has a NI43-101 compliant measured and indicated Global resource of 58.7 million tonnes grading at 3.6% zinc and 50 g/t silver for 4.670 billion pounds of zinc and 90.8 million ounce of silver.
Within the Global Resource, discreet high grade zones of the silver and zinc mineralization occur and include:
A high grade measured and indicated "Zinc Zone" of 10.03 million tonnes at an average grade of 11% Zinc at a 6% cutoff for 2.426 billion pounds of zinc.
A high grade measured and indicated "Silver Zone" of 19 million tonnes at an average grade of 102.5 g/t at a 50g/t cutoff for 62.6 million ounces of silver.
