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Re: basserdan post# 21955

Wednesday, 07/31/2019 9:11:22 AM

Wednesday, July 31, 2019 9:11:22 AM

Post# of 22255

Silver Bull Makes New Discovery and Intercepts 13.25 Meters of Massive Sulphide Grading 9.05% Zinc, 2.12% Lead and 16g/t Silver, Including 5.85 Meters Grading 11.93% Zinc, 2.83% Lead and 24g/t Silver in Coahuila, Mexico

Vancouver, British Columbia
July 29, 2019 – Silver Bull Resources, Inc. (TSX: SVB, OTCQB: SVBL) ("Silver Bull") is pleased to provide results from an additional 5 drill holes on the Sierra Mojada Project in Coahuila, Northern Mexico.

Highlights from the holes announced in this news release include:

* Hole B19005 – 13.25 meters of massive sulphide mineralization grading @ 9.05% zinc, 2.12% Lead and 16g/t silver, including 5.85 meters @ 11.93% zinc, 2.83% lead, and 24g/t silver from 75.75 meters.

* Hole B19004 – 0.87 meters of massive sulphide mineralization grading @ 8.14% zinc, 1.83% Lead and 27g/t silver from 46.23 meters.

* Hole B19006 – 0.85 meters of massive sulphide mineralization grading @ 7.25 % zinc, 1.20% Lead, 195g/t silver and 0.13% copper from 129.85m

The Drill Program:
Under a joint venture option agreement with South32 Ltd ("South32), Silver Bull is conducting an initial 8,000 meter surface drill program targeting a series of possible sulphide extensions at depth to the main deposit, as well as a series of never before tested targets within the wider area.

For drilling, the company is using Major Drilling De Mexico S.A de C.V to initially target four historic mining areas within the property, three of which have never been drilled.

Tim Barry, President, CEO and director of Silver Bull states, "Four of the five holes announced in this news release are focused within the Palomas Negros area. This is a historical mining area that lies 9 kilometers to the west of the main deposit at Sierra Mojada. The Palomas Negros area has never been assessed with modern exploration techniques and has long been recognized as an exciting target to be followed up. Work is ongoing to fully understand the controls on the mineralization at Palomas Negros, but to get a high grade intercept over 13.25 meters in a first pass drill pass drill program is very encouraging, especially so close to surface."

Results:
A summary of the results from the preliminary drilling in the Palomas Negros are shown in the table and map below.

Continues at:

http://www.silverbullresources.com/news/silver-bull-makes-new-discovery-and-intercepts-13.25-meters-of-massive-sulphide-grading-9.05-zinc-2.12-lead-and-16g-t-silver/
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

From the Silver Bull board @ Stockhouse:

New Mine Intercept is Worth $271/ton!
July 29, 2019 - 08:26 AM

Great News this morning out of Silver Bull. Their new mine intercepts show 13.25m grading 16 G/T Ag, 9% Zn, and 2.1% Pb. This gives a mineral value of $271/ton on a first strike! So close to the surface would leave it available to open pit with costs as low as $20/ton. This is a high-grade intercept. More than just an encouraging result, it is a huge strike and good length.

To calculate:
https://www.kitco.com/pop_windows/kitcorockcalc.html

https://stockhouse.com/companies/bullboard/svbl/silver-bull-resources,-inc?postid=29969548

*****

RE:New Mine Intercept is Worth $271/ton!
July 29, 2019 - 08:32 AM

For Comparison I keep using Arizona Mining that South32 bought out.

Here are there strike intercepts from May 22, 2018 for Arizona Mining.
https://www.globenewswire.com/news-release/2018/05/22/1509823/0/en/Arizona-Mining-Reports-Significant-High-Grade-Drill-Results-in-a-New-Copper-Rich-Zone-at-the-Taylor-Project.html

Using the calculator:
https://www.kitco.com/pop_windows/kitcorockcalc.html

This gives a value of $277 per ton of rock for Arizona Mining and their 160ft intercept.

This compares with SVBL results this morning of 45ft of intercept worth $271 per ton. Keep in mind similar geology and Arizona Mining was bought out for $1.6 billion. We are still at a market cap of $20 million.

https://stockhouse.com/companies/bullboard/svbl/silver-bull-resources,-inc?postid=29969578

*****

Drilled 2,742m in 2019 So Far, Lots to Go
July 29, 2019 - 02:47 PM

Silver Bull Resources has drilled 2,742m of their 8,000m drill program so far in 2019. Some great results already and better resource definition and a 950m extension of resource zone which drops straight into resource available. Keep in mind the 8,000m program is the minimum, based on their resources in bank and South32 funding they could almost double this program without further funding or share dilution. Exciting stuff. It doesn't take much from this to the following levels. First break $0.20 USD then shoot up to $0.38-$0.40 from 2013-14 levels and then $0.60 cent range next, then nothing till $1.10-$1.30 range which is where we should be at. Gives company a valuation of $250 million and allows for strong funding for future development. When we start trading a few million shares a day, this will happen fast and everyone will sell too soon.

https://stockhouse.com/companies/bullboard/svbl/silver-bull-resources,-inc?postid=29971685







Dan

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