Silver Bull Resources, Inc. is a well-funded Canadian based mineral exploration company listed on both the New York AMEX with the symbol SVBL and the Toronto Stock Exchange as SVB.
Our primary focus is the Sierra Mojada project located in Coahuila State, Mexico, which is 250 km north of the city of Torreon, Mexico. The project is 100% owned and operated by Silver Bull Resources, Inc. and is part of a large land package consisting of 40 mining concessions totalling 21,167 hectares (52,305 acres). The main zone of mineralization “Zone A” extends over 5.5 kilometers in an east-west direction along the base of the Sierra Mojada range, and contains 2 distinct targets:
• Shallow Silver Zone: a shallow near surface silver oxide body with an average grade of 50gpt Ag over a 3.8 km strike, and up to 200m wide and 140m thick;
• Zinc Zone: a well defined exploration target of high grade zinc oxide situated directly below the Shallow Silver Zone, averaging 8.6% Zn over a 1.5km strike length
Our Sierra Mojada project currently has a NI 43-101 indicated resource of 47.3 million ounces silver in the indicated category and 13.8 million ounces silver in the inferred category (completed October 2011). A resource update will be completed on the project in Q2 2012.