Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Aurcana Silver live webinar on Fri, Jun 4 at 11:00 AM EDT
Join the Aurcana Silver Corporation (AUN.V; AUNFF) live webinar on Fri, Jun 4 at 11:00 AM EDT.
Register here: https://www.amvestcapital.com/webinar-directory/aurcana060421
Aurcana Silver on track to become major producer (TSX:AUN.V; OTCQX:AUNFF)
KOOTENAY SILVER INTERCEPTS 809 GPT SILVER OVER 2.63 METERS WITHIN 354 GPT SILVER OVER 9 METERS IN THE F VEIN AT COLUMBA PROJECT, MEXICO
May 25, 2021
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce additional high-grade silver results from the Company’s 5,000 meter core drill program currently underway at its Columba silver project (the “Property”) located in Chihuahua State, Mexico.
James McDonald, President & CEO reports, “CDH-21-94 and 96 continue to hit consistent and high-grade results in the F Vein and are particularly important. They encountered excellent grades to 985 gpt and 425 gpt silver, respectively, within wide zones of high and moderate grades in a large area of the vein with no previous drilling.”
Augmenting the high-grade, in some areas, are thick zones of mineralization coming into the high-grade such as hole CDH-21-96 where over 30 meters of continuous mineralization averaged 86 gpt silver. A number of other areas within the F Vein show similar thick intervals coming into the high-grade such as holes CDH-20-41 (39.9 meters of 159 gpt silver), CDH-20-47 (15.65 meters of 166 gpt silver), CDH-20-51 (36 meters of 72 gpt silver), CDH-20-52 (42.43 meters of 61 gpt silver), CDH-20-53 (34 meters of 116 gpt silver) and CDH-21-89 (70.5 meters of 112 gpt silver). These thick zones of silver mineralization preceding the high grade have the potential to add significantly to the amount of silver within the F Vein.
Drill Highlights - Holes CDH-21-091 to 096:
CDH-21-091
* 271 gpt silver over 0.85 meters within 189 gpt silver over 1.55 meters in the F Vein
CDH-21-092
* 368 gpt silver over 0.94 meters within 217 gpt silver over 2.44 meters in the Hanging-wall structure
* 439 gpt silver over 1.14 meters within 321 gpt silver over 2.94 meters in in the F Vein
* 255 gpt silver over 2.9 meters within 130 gpt silver over 8.0 meters in the Footwall
* Hit 3 different Vein sets in the Hanging-Wall Vein, F Vein and a Footwall Vein.
* 425 gpt silver over 2.37 meters within 230 gpt silver over 9 meters and 86 gpt silver over 30 meters in the F Vein System.
CDH-21-094
* 985 gpt silver over 1.5 meters and 809 gpt silver over 2.63 meters within 354 gpt silver over 9 meters in the F Vein
* CDH-21-94 tested an area about 200 meters from the old shaft in a large undrilled segment.
* CDH-21-95 hit a fault and thus missed the F Vein.
CDH-21-096
* 425 gpt silver over 2.37 meters within 230 gpt silver over 9 meters and 86 gpt silver over 30 meters in the F Vein System.
* Hole CDH-21-096 is about 50 meters along strike and 30 meters deeper than CDH-21-94 and also tested a large area with no drilling.
* CDH-21-95 hit a fault and thus missed the F Vein.
Click the following links to view: Plan Map, Long Section https://tinyurl.com/35zfrz35 and Cross Sections https://tinyurl.com/2y2vesvd for holes CDH-21-091 to CDH-21-096.
Detailed Drill Results – Holes CDH-21-091 to CDH-21-096
Detailed results for all drill holes completed to date at the Columba high grade silver project can be viewed by clicking the following link: Columba Drill Results https://tinyurl.com/464p655k
Notes: All widths are drilled widths. At this time, it is estimated true widths will range from 55 to 94% of drilled widths depending on dip of the vein and inclination of the hole. All silver composites rounded to the nearest whole number.
Drilling continues at Columba within the JZ Vein area, located 700 meters east of the F Vein.Previous drilling in this region confirmed the discovery of a broad zone of high grade hydrothermal breccias that encompasses a low to medium grade quartz stockwork system at the J-Z Zone.Results in the JZ Area are highlighted by hole CDH-20-030 (415 gpt silver over 11.15 meters including 721 gpt silver over 4.07 meters) and hole CDH-20-060 (132 gpt silver over 64 meters including 361 gpt silver over 11 meters including 608 gpt silver over 5 meters, and 1,160 gpt silver over 1 meter all within 229 gpt silver over 22 meters).
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Sampling and QA/QC at Columba
All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C. Systematic assaying of standards, blanks and duplicates is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30-gram fire assay with an AA finish. All drilling reported is HQ core and has been contracted to Globexplore Drilling from Hermosillo, Mexico.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
or visit: www.kootenaysilver.com
https://kootenaysilver.com/news/kootenay/2021/kootenay-intercepts-809-gpt-silver-over-263-meters-within-354-gpt-silver-over-9-meters-in-the-f-vein-at-columba-project-mexico
Dollar Debasement Makes Gold and Silver Shine – Craig Hemke
By Greg Hunter
May 15, 2021
Financial writer, market analyst and precious metals expert Craig Hemke predicted last year (about this time) that silver was headed way up. It was up more than 45% for 2020 and was one of the best performing assets of the year. Now, Hemke is predicting “another 45% rise for silver” and a nice ride up for gold, too. Hemke explains, “Look at all of the commodities here. Lumber is up five times. Iron ore is at new all-time highs. Soybeans are at new multi-decade highs. Corn, which goes into everything . . . and all these commodities are taking off, which is, in large part, a dollar debasement story. . . . The idea that ‘inflation is transitory’ is bogus. . . . We just got news that McDonald’s and Amazon are raising their minimum wage to attract workers. That’s just more dollars being pushed out. You have more dollars pushed out chasing a finite or decreasing amount of goods because of the supply chain problems around the world. This is a double edged sword and why inflation is not ‘transitory.’ This is why rates are going to stay higher, and that’s why these negative real rates are going to get even deeper. The markets are going to figure this out, and the prices of precious metals are going to surge in the back half of the year–again.”
Hemke says the Fed is stuck and is fearful of rising rates with massive U.S. debt. Hemke contends, “The Fed cannot allow the bond market to sell off because that would translate to higher interest rates. We are already at $30 trillion in a federal budget deficit . . . and they are averaging 1.5%. So, they are paying $450 billion in interest alone. If that goes to 3%, they are paying $900 billion. If that goes to 4.5%, they are paying $1.3 trillion. The whole budget deficit has already exploded, and there is no turning back. . . . You saw the CPI at 4.25 %. Who in their right mind is going to buy a Treasury note at 1.65%? They will guarantee themselves a loss of purchasing power of 2.5%. . . . The Fed is promising that the inflation rate is going to come down, and it will be ‘transitory.’ I say it’s not ‘transitory.’ We have $3 trillion in deficit spending this year already, and it’s only going to get worse. We are on the path of Modern Monetary Theory (MMT), and the Treasury issues the bonds and the Fed just buys the bonds. . . . This creates a very favorable environment for owning physical gold and physical silver even with the phony baloney pricing scheme of futures contracts.”
Above all, owning physical anything is protection from inflation that is already here. Hemke says, “We talk about owning physical precious metals for protection against all this madness. . . .They are constantly debasing the dollar, and I don’t want to save in dollars anymore. I’d rather save in an actual physical asset. . . . Even if it does nothing, this still beats an asset that is being inflated . . . . All these pieces are coming together again, and it’s pretty clear we’re going to have a heck of a summer and a heck of a rest of the year. I said silver is going to $36 or $38 per ounce this year, and from $26.50 is going to be 50 some odd percent. We are going to get there.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Craig Hemke (on Rumble), founder of the popular website TFMetalsReport.com. https://tinyurl.com/39zdk5fh
https://usawatchdog.com/dollar-debasement-makes-gold-and-silver-shine-craig-hemke/
KOOTENAY SILVER INTERCEPTS 2,176 GPT SILVER EQUIVALENT OVER 1.18 METERS WITHIN A WIDER INTERVAL OF 399 GPT SILVER EQUIVALENT OVER 10.5 METERS AT COPALITO SILVER-GOLD PROJECT, MEXICO
May 13, 2021
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the "Company" or "Kootenay") is pleased to announce results for the first four holes completed from the 2021 drill program at the Copalito silver-gold project (the "Property"), located in Sinaloa State, Mexico.
James McDonald, President and CEO, states "We continue to see good grade and width potential at Copalito with the 5 Señores vein returning grades up to 2,176 gpt silver equivalent. These results complement high grade drill holes previously intercepted in 5 Señores Vein, which returned 2,830 gpt silver and 0.145 gpt gold over 1 meter. There are 9 more holes to report from this vein the results of which will start to define the scope and continuity of high grade and where follow up drilling will be focused. Drilling has moved on to testing good results on the Cobriza, Aguilar and Pilar veins."
Highlights from Holes BDH-21-041 to BDH-21-044 include:
BDH-20-041 in the 5 Señores Vein
* 325.52 gpt silver equivalent ("silver Eq") over 1 meter consisting of 303 gpt silver, 0.09 gpt gold and 0.58% lead plus zinc within 86.28 gpt silver Eq over 5.75 meters consisting of 0.049 gpt gold, 75.3 gpt silver and 0.27% lead plus zinc;
* 101.33 silver Eq over 2 meters consisting of 1.10 gpt gold, 13 gpt silver and 0.30% lead plus zinc within 55.37 gpt silver Eq over 8.61 meters consisting of 0.456 gpt gold, 11.70 gpt silver and 0.38% lead plus zinc.
* This hole tested about 40° down dip of the high-grade intercept in hole BDH-20-040.
BDH-20-042 in the 5 Señores Vein
* 2,176.84 gpt silver Eq over 1.18 meters consisting of 1,965 gpt silver, 0.575 gpt gold, and 6.35% lead plus zinc within 213.68 gpt silver Eq over 21 meters consisting of 178.30 gpt silver, 0.187 gpt gold, and 0.81% lead plus zinc.
* BDH-21-042 filled an approximate 100-meter gap in drilling.
These results are showing potential for a mineralized "shoot" in the southern part of the 5 Señores vein. The zone remains open in several directions. Once assays from the remaining holes are received a clearer picture on the shape and size of these zones will begin to emerge and shape follow up drilling.
The 5 Señores vein is comprised of a mineralized structure with two parallel veins. These veins are comprised of both silicified breccia and classic banded quartz, quartz-calcite and calcite veining. The polymetallic veins are hosted in a volcanic andesite sequence with weak propylic alteration within faults and contact with a dioritic intrusive to the southwest. The veins are mainly quartz, with massive and crustiform textures and quartz-chalcedony bands. Dark gray bands indicate the presence of sulfides in these textures. Also local zones of carbonates mainly calcite can also carry very high grades of precious metals.
Mineralization is comprised of disseminated pyrite of 1% or less with varying amounts of sphalerite (< 1 to 5%), galena (< 1 to 3%) and probable acanthite.
Plan Map of Hole BDH-21-041 to BDH-21-044. Click here to view larger version.
Continued below:
https://kootenaysilver.com/news/kootenay/2021/kootenay-intercepts-2176-gpt-silver-equivalent-over-118-meters-within-a-wider-interval-of-399-gpt-silver-equivalent-over-105-meters-at-copalito-silver-gold-project-mexico
KOOTENAY SILVER HITS SEVERAL HIGH-GRADE INTERCEPTS IN THE HANGING WALL AND F VEIN AT COLUMBA PROJECT, MEXICO
May 6, 2021
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce assay results from the first six core drill holes completed from its 2021 drill program at its Columba high-grade silver project (the “Property”) located in Chihuahua State, Mexico.
Kootenay President & CEO, James McDonald, stated “We continue to be extremely pleased as we see the first drill results of 2021 start to come in. The first six holes continue to show grade and continuity of the F Vein in large untested gaps with grades to 899 gpt silver and 559 gpt silver in the Hanging Wall and F Vein respectively”.
Drill Highlights:
CDH-21-90
* 503 gpt silver over 1.2 meters including 889 gpt silver over 0.55 meters in the Hanging Wall Vein
* Hole CDH-21-90 is a shallow test about 65 meters below surface and includes 2.4 meters of 245 gpt silver including 365 gpt silver over 0.6 meters in the F Vein.
CDH-21-89
* 439 gpt silver over 2.7 meters including 533 gpt silver over 0.57 meters and 511 gpt silver over 0.65 meters in the F Vein.
* The high grade sits within a wide interval of 162 gpt silver over 15.45 meters.
* 411 gpt silver over one meter within 4 meters of 233 gpt silver in a footwall vein to the F Vein
* Hole CDH-21-89 is important as it tests a large 100 by 150-meter gap in drilling where six peripheral drill holes encountered grades from 456 gpt over 1.5 meters (CDH-20-45) to 782 gpt over 1.05 meters (CDH-20-47) and 755 gpt silver over 1.75 meters (CDH-19-12) some 75 meters below. See the longitudinal section for reference.
CDH-21-87
* 559 gpt silver over 1.09 meters within 4 meters of 200 gpt silver in the F Vein
* CDH-21-87 was filling an untested area in the F Vein of about 100 by 75 meters where 5 peripheral holes hit grades ranging from 456 gpt over 1.5 meters (CDH-20-45) to 911 gpt silver over 1.4 meters (CDH-20-46). See the longitudinal section for reference.
Click the following links to view: Plan Map ( https://tinyurl.com/3y4n56ff ) and Long Section ( https://tinyurl.com/seb86f5e ) for holes CDH-21-085 to CDH-21-090
Detailed Drill Results – Holes CDH-21-085 to CDH-21-090
Detailed results for all drill holes completed to date at the Columba high grade silver project can be viewed by clicking the following link: Columba Drill Results ( https://tinyurl.com/cnb6bnu6 )
Drill Results Table
(Click on link below to view the Drill Results Table)
Notes: All widths are drilled widths. At this time, it is estimated true widths will range from 65 to 94% of drilled widths depending on dip of the vein and inclination of the hole. All silver composites rounded to the nearest whole number.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Sampling and QA/QC at Columba
All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C. Systematic assaying of standards, blanks and duplicates is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30-gram fire assay with an AA finish. All drilling reported is HQ core and has been contracted to Globexplore Drilling from Hermosillo, Mexico.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
or visit: www.kootenaysilver.com
https://kootenaysilver.com/news/kootenay/2021/kootenay-hits-several-high-grade-intercepts-in-the-hanging-wall-and-f-vein-at-columba-project-mexico
Aurcana Silver Provides Construction Update And Production Outlook For Its Revenue Virginius Mine For The Remainder Of 2021
Vancouver, BC – May 4, 2021 – Aurcana SILVER Corporation ("Aurcana" or the "Company") (TSXV: AUN, OTCQX: AUNFF) is pleased to provide a construction update and a production outlook for the remainder of 2021 for its Revenue Virginius Mine, (RV) located near Ouray, Colorado.
Mine Development
* Underground mine development is proceeding on schedule with three raises being driven vertically from the 2000 main haulage level 800 feet to the 1200 level (See Figure 1 below).
* The #1 Alimak Raise is advancing vertically at an average rate exceeding 16 feet per day and is scheduled to be complete by late May, after which the hoist and shaft timber will be installed for permanent men and material access.
* The #2 Alimak Raise has progressed up to the 1500 Level and is temporarily being used for men and materials transport from the 2000 level to the 1800 and 1500 level pending completion of #1 Alimak Raise.
* The #3 Alimak Raise vertical development began in May and is scheduled to reach the 1800 level by the third week of May.
* On completion of #1 Alimak Raise, the #2 and # 3 Alimak raises will be dedicated ore and waste raises.
* Level (horizontal) development has commenced on the 1800 level to intersect the Virginius vein, which is scheduled to occur during the third week of May. Following this, development will continue by driving drifts both north and south on vein for over 1000 feet to prepare for stope development.
* Stope development on the 1800 level is estimated to begin in late June with first ore to the mill in early July.
* Ore development on 1800 level is on schedule to deliver initial ore to the processing plant in July. Two stopes (mining blocks) on the 1800 level will provide the initial ore supply while stopes on the 1500 level are developed.
* It is anticipated that four stopes will be available by year end 2021 (two stopes per level) to supply the processing plant.
However only two stopes are required to provide the 270 tons per day as specified in the 2018 feasibility study (the “2018 FS”) prepared in accordance with National Instrument NI 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). A copy of the 2018 FS is posted on the Company’s website www.aurcana.com and is also available on the Company’s profile on SEDAR at www.sedar.com.
Processing Plant Preparation
* All processing plant upgrades including installing additional flotation capacity, replacing cyclones with sizing screens, installing a rod mill, installing crushers and conveyors along with a new instrument control system will be completed by mid-June. Processing plant commissioning with water is scheduled for the last week of June with first ore through the processing plant in the second week of July.
* Final work on the transition chute from the coarse ore bin to the new primary pan feeder is scheduled to be completed by July 10th, 2021 and will enable full processing plant operation.
* Throughput will be ramped up over the course of July to reach 111 ton per day (tpd) during August, and then to the full production level of 270 tpd during September.
* Concentrate shipments will be in 100 ton lots and are anticipated to begin in early August. Trafigura Trading LLC is the off-taker for 100% of the concentrates and will pay the value of 95% of the contained metals based on the mine site concentrate assays at the time of shipment, with final settlement based on smelter returns.
* Payable silver equivalent1 production for the period between August to December 2021 is anticipated to be 1,300,000-1,600,000 ounces at an estimated cash operating costs of between USD10.00 to USD12.00/oz silver after by-product credits2.
Qualified Person Statement
The scientific and technical content of this news release was reviewed and approved by Michael Gross, P. Geo, a “qualified person” within the meaning of NI 43-101
ABOUT AURCANA CORPORATION
Aurcana Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary resource at Shafter and Revenue-Virginius is silver. Both are fully permitted for production.
ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION
“Kevin Drover”
President & CEO
For further information, visit the website at www.aurcana.com or contact:
Aurcana Corporation
850 – 789 West Pender Street
Vancouver, BC V6C 1H2
Phone: (604) 331-9333
Gary Lindsey, Corporate Communications
Phone: (720)-273-6224
Email: gary@strata-star.com
http://www.aurcana.com/news/2021/index.php?content_id=481
Aurcana Silver Corporation live webinar Monday, April 26, 4:05 PM EDT
Remains on track to deliver a ramp up to full production in the second half of 2021
Aurcana Silver Corporation (TSX-V: AUN, OTCQX: AUNFF) is the 100% owner of a fully permitted, prior producing Revenue-Virginius silver mine located in Colorado, US. The mine value is underpinned by the strong economics contained in an SRK-authored 2018 Definitive Feasibility Study. The known southerly extension of the Virginius vein holds the potential to more than double the existing resource base.
CLICK ON LINK TO REGISTER for the live webinar and alerts to the replay:
https://mailchi.mp/amvestcapital.com/join-us-aurcana-silver-live-webinar-fri-jan-8-1100-am-est-silver-leverage-near-term-production-q3-10136894?e=8622d71292
Silver Bull Announces Voting Results of Annual Meeting of Shareholders
VANCOUVER, BC – (April 20, 2021) – Silver Bull Resources, Inc. (TSX: SVB, OTCQB: SVBL) (“Silver Bull” or the “Company”) announces the detailed voting results of the proposals considered at its annual meeting of shareholders held on April 19, 2021 (the “Meeting”). A total of 18,265,547 or 54.17% of the Company’s issued and outstanding shares were represented at the Meeting.
Most critically, the Meeting included a proposal for shareholders to approve and adopt amended and restated articles of incorporation of the Company to increase the number of authorized shares of Silver Bull common stock from 37.5 million to 150.0 million and to make certain non-substantive amendments, which required the approval from a majority of the outstanding shares of Silver Bull common stock. The voting results were as follows: (Click on link below to view results)
As a majority of the outstanding shares of Silver Bull common stock was received in favour of the proposal, it was approved.
President and CEO, Tim Barry stated: “We would like to thank those shareholders who took the time to vote on this matter, which is vital to the future growth and advancement of the Company. We see great potential for the Company’s Sierra Mojada project, and with the ability to seek equity financing at Silver Bull, we will be focused on continuing its advancement.
Additionally, we look forward to advancing the Beskauga project in Kazakhstan in our new subsidiary, Arras Minerals Corp., for which we recently completed a private placement financing, and are commencing a drill program in the coming months.”
In addition to the above-noted proposal, the following nominees, as listed in Silver Bull’s proxy statement, were re-elected as directors of the Company: (Click on link below to view results)
Silver Bull is also pleased to announce that the Company’s shareholders have ratified and approved the appointment of Smythe LLP, as the Company’s independent registered public accounting firm, for the fiscal year ending October 31, 2021 (18,080,515 or 98.98% voted “For”, 66,260 or 0.36% voted “Against” and 118,772 or 0.65% abstained from voting).
Finally, the Company’s shareholders voted to approve, on a non-binding advisory basis, the compensation of the Company’s named executive officers (12,538,304 or 92.65% voted “For”, 740,928 or 5.47% voted “Against”, and 253,020 or 1.86% abstained from voting).
Full details of the proposals are fully described in the Company’s definitive proxy statement filed on February 23, 2021 available on SEDAR at www.sedar.com, and on EDGAR at www.sec.gov.
About Silver Bull
Silver Bull is a Vancouver-based mineral exploration company whose shares are listed on the TSX and trade on the OTCQB in the United States. Silver Bull owns the Sierra Mojada Project which is located 150 kilometers north of the city of Torreon in Coahuila, Mexico, and is highly prospective for silver and zinc. Sierra Mojada is currently under a joint venture option with South32 International Investment Holdings Pty Lth. In addition, Silver Bull’s subsidiary, Arras Minerals Corp., holds an Option Agreement to acquire the Beskauga Copper-Gold Project, located in North Eastern Kazakhstan.
On behalf of the Board of Directors
“Tim Barry”
Tim Barry, CPAusIMM
Chief Executive Officer, President and Director
INVESTOR RELATIONS:
+1 604 687 5800
info@silverbullresources.com
https://www.silverbullresources.com/news/silver-bull-announces-voting-results-of-annual-meeting-of-shareholders/
Silver Bull Reschedules Annual Meeting Of Shareholders
VANCOUVER, BC – (April 12, 2021) – Silver Bull Resources, Inc. (TSX: SVB, OTCQB: SVBL) (“Silver Bull” or the “Company”) today announced that it is postponing its 2021 annual meeting of shareholders (the “Meeting”) to April 19, 2021 to provide its shareholders with additional time to vote on the proposals submitted for shareholder approval at the Meeting. Shareholders are advised that because one of the proposals involves proposed amendments to the Company’s articles of incorporation, the holders of a majority of the outstanding shares of Silver Bull common stock must approve such proposal.
The record date for determining the shareholders eligible to vote at the Meeting will remain the close of business on February 18, 2021. Shareholders who have already submitted a proxy do not need to vote again for the postponed Meeting rescheduled for Monday, April 19, 2021 at 10:00 a.m. Pacific time at the Company’s offices at 777 Dunsmuir Street, Suite 1610, Vancouver, British Columbia, as the proxies submitted will remain valid.
Of particular importance, the Company’s board of directors strongly recommends that all shareholders to vote “FOR” the proposal to increase the number of authorized shares. In the absence of an affirmative vote to increase the number of authorized shares of Silver Bull common stock, the Company will have virtually no shares available for issuance to raise funds to fund general corporate overhead or cover the costs associated with maintaining its mining interests, including in the Sierra Mojada project in Mexico.
Silver Bull shareholders as of close of business on February 18, 2021 who have not voted are encouraged to vote online at www.proxyvote.com or by telephone at 1-800-690-6903. The proxy voting deadline to vote by Internet or telephone is April 18, 2021 at 11:59 p.m. Eastern time. Silver Bull shareholders who require assistance with voting their shares or have questions may contact the Company by email at info@silverbullresources.com.
Shareholders who have already submitted proxies and want to change their proxy can update their vote at any time before the votes are cast at the Meeting. Your vote will be recorded at the Meeting in accordance with your most recently submitted proxy.
Important Information
This communication may be deemed to be solicitation material in connection with the proposals to be considered at the Meeting. In connection with the proposals, Silver Bull filed a definitive proxy statement on Schedule 14A with the U.S. Securities and Exchange Commission (the “SEC”) on February 23, 2021.
Shareholders are urged to read the definitive proxy statement and all other relevant documents filed with the SEC because they contain important information about the proposals. An electronic copy of the definitive proxy statement is available on the Company’s website at www.silverbullresources.com, on the Company’s EDGAR profile at www.sec.gov, and on its SEDAR profile at www.sedar.com.
Participants in the Solicitation
Silver Bull and its directors and executive officers may be deemed to be participants in the solicitation of proxies from Silver Bull shareholders in respect of the proposals to be considered at the Meeting. Information about the directors and executive officers of Silver Bull can be found in its Annual Report on Form 10-K for the year ended October 31, 2020 filed with the SEC on January 28, 2021, filings on Form 3, 4 and 5 filed with the SEC, and the Company’s definitive proxy statement for the Meeting filed with the SEC on February 23, 2021.
About Silver Bull
Silver Bull is a Vancouver-based mineral exploration company whose shares are listed on the TSX and trade on the OTCQB in the United States. Silver Bull owns the Sierra Mojada Project which is located 150 kilometers north of the city of Torreon in Coahuila, Mexico, and is highly prospective for silver and zinc. Sierra Mojada is currently under a joint venture option with South32 International Investment Holdings Pty Ltd. In addition, Silver Bull’s subsidiary, Arras Minerals Corp. holds an Option Agreement to acquire the Beskauga Copper-Gold Project, located in North Eastern Kazakhstan.
On behalf of the Board of Directors
“Tim Barry”
Tim Barry, CPAusIMM
Chief Executive Officer, President and Director
INVESTOR RELATIONS:
+1 604 687 5800
info@silverbullresources.com
https://www.silverbullresources.com/news/silver-bull-announces-postponement-of-annual-meeting-of-shareholders/