Sil­ver Bull drills 25.5m of 294 g/t Ag at Sierra Mo­jada

Stockwatch Daily - - MINES & METALS - Mr. Tim Barry re­ports

SIL­VER BULL Re­sources Inc. has pro­vided the re­sults of the first two drill holes from its un­der­ground drill pro­gram tar­get­ing high-grade struc­tures in the newly dis­cov­ered sul­phide zone on the Sierra Mo­jada project in Coahuila, north­ern Mex­ico.

High­lights:

• Hole T17002 — 25.5 me­tres at 294 grams per tonne sil­ver and 0.96 per cent cop­per in­clud­ing 11.5 me­tres at 486 g/t sil­ver and 1.13 per cent cop­per from 14 me­tres to 25.5 me­tres, and which con­tains a smaller in­ter­val of four me­tres at 966 g/t sil­ver and 2.0 per cent cop­per from 15 me­tres to 19 me­tres;

• Hole T17002 hit un­der­ground work­ings and was ter­mi­nated in high-grade min­er­al­iza­tion;

• Hole T17001 — seven me­tres at 121 g/t sil­ver and 0.52 per cent cop­per in­clud­ing two me­tres at 376 g/t sil­ver and 3.0 per cent cop­per from zero me­tres to two me­tres.

The sul­phide zone

An un­der­ground ge­o­log­i­cal map­ping and con­tin­u­ous un­der­ground chan­nel sam­pling pro­gram con­ducted by Sil­ver Bull dur­ing the month of Au­gust iden­ti­fied a se­ries of east-west-trend­ing high-an­gle struc­ture host­ing sul­phide min­er­al­iza­tion (an­nounced Sept. 11, 2017). This sul­phide zone is the tar­get of the cur­rent drill pro­gram.

The drill pro­gram Sil­ver Bull is us­ing a com­pany-owned Ter­mite drill rig to test the grade, thick­ness and con­ti­nu­ity of the sul­phide min­er­al­iza­tion iden­ti­fied by the chan­nel sam­pling pro­gram. The Ter­mite is ca­pa­ble of drilling up to 100 me­tres of NQ di­a­mond core and five drill sta­tions are presently planned, with more ex­pected to be added as con­tin­ued map­ping in pre­vi­ously un­vis­ited un­der­ground work­ings and drilling pro­gresses.

The re­sults

The re­sults from the first two holes con­firm the grade and east-west con­ti­nu­ity of the first of three struc­tures to be drilled. It is im­por­tant to note that drill hole T17002 was ter­mi­nated in high-grade min­er­al­iza­tion when it hit a pre­vi­ously un­mapped stope.

Un­like the other struc­tures sam­pled in the area, the com­pany saw no ap­pre­cia­ble lead or zinc in th­ese first two drill holes and is in­ter­preted to rep­re­sent ei­ther a zon­ing of the met­als in the sys­tem or a dif­fer­ent pulse of sul­phide min­er­al­iza­tion all to­gether. The drilling also con­firmed the pres­ence of a low-grade halo of sil­ver and cop­per min­er­al­iza­tion up to 10 me­tres wide and grad­ing up to 90 g/t sil­ver and 0.2 per cent cop­per. Two other sim­i­lar east-west-trend­ing struc­tures have been iden­ti­fied in the same area 70 me­tres to the south and which will be the tar­get of the com­pany’s con­tin­ued drill pro­gram.

(See SVB Ta­ble 1 on page 21)

Tim Barry, pres­i­dent, chief ex­ec­u­tive of­fi­cer and di­rec­tor, stated: “We are very pleased with the first two holes of our pro­gram which con­firm what we are see­ing un­der­ground with our map­ping. With th­ese first drill holes we have ex­tended the first of the three high-grade struc­tures we plan to drill, an­other 25 me­tres to the east and it al­most cer­tainly con­tin­ues as the hole was ended in high-grade min­er­al­iza­tion due to hit­ting an un­mapped void. This struc­ture re­mains open along strike and downdip. It is also im­por­tant to note that we ap­pear to be be­low the ox­ide zone and ex­pect to con­tinue hit­ting sul­phide min­er­al­iza­tion in this area.”

We seek Safe Har­bor.

Karen Bax­ter con­densed this news re­lease (karenb@stock­watch.com).

Ti­mothy Thomas Barry, Brian Dou­glas Edgar, Daniel James Kunz, John Alexan­der McClin­tock

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