Silver Bull Resources, Inc. Identifies Two New Zones of High Grade Sulphide Mineralization at its Sierra Mojada Project in Coahuila, Northern Mexico
January 10, 2018 at 07:30 am EST
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Silver Bull Resources, Inc. announced it has identified two new zones of high grade sulphide mineralization at its Sierra Mojada Project in Coahuila, Northern Mexico. Location of the new sulphide zones of mineralization in relation to the area drilled underground in 2017 and the previously defined oxide 43-101 resource at Sierra Mojada. Location of the new sulphide zones in relation to the area of sulphide mineralization drilled in 2017 and hole B11144, which intersected 8.45 meters @ 17% Zinc, 5.45% lead, and 60g/t silver. All known sulphide occurrences are located in an east-west trending chargeability high identified in an Induced Polarization geophysics survey. This geophysics anomaly is over 1.4 kilometers in length and is open to the west. Plan View map of the underground workings and sample locations for the initial channel sampling program. The area shown in red represents 350 meters of newly accessed historical workings. Silver Bull intends to move the termite drill rig west along these workings targeting the extension of the sulphide mineralization drilled in 2017. The new sulphide zones were identified in 350 meters of previously inaccessible historical underground workings that were recently reconditioned by Silver Bull. The new sulphide zones lie to the west of Silver Bull’s recent drilling along an east-west trend which includes diamond core intercepts of 9 meters @ 20.7% Zinc, 98g/t Silver, 1.0% Lead and 0.26% Copper and 16 meters @ 396g/t Silver and 1.61% Copper. The new zones lie within a 1.4 kilometer long east-west trending “chargeability high” identified through a gradient Induced Polarization (IP) survey. The chargeability anomaly remains open towards the west and coincides with a convex “roll over” in the sole of a thrust fault identified through drilling and underground mapping. The Sulphide Zone: A continuous underground channel sampling program conducted by Silver Bull during the month of August 2017 identified a series of east-west trending high angle structure hosting sulphide mineralization. Results from the continuous channel sampling program yielded 31.5 meters grading at 22.36% zinc, 134.5g/t silver, 2.05% lead, 0.21% copper and 10.5 meters @ 432g/t silver, 1.15% zinc, 0.05% lead, 1.22% and was the target of the 2017 drill program. The newly discovered sulphide mineralization outlined in this news release is interpreted to be an extension this this mineralization and will be targeted with drilling in the first quarter of 2018. The Drill Program: Silver Bull is utilizing a company owned Termite drill rig to target the sulphide mineralization. The Termite is capable of drilling up to 100 meters of NQ diamond core and five drill stations are presently planned with more expected to be added as the drill program progresses. 25 drill holes were completed in 2017 totaling 1,086 meters of drilling and continued results from this program are expected shortly.
Silver Bull Resources, Inc. is a Canada-based exploration-stage company. The Company owns a number of property concessions in Mexico within a mining district known as the Sierra Mojada District, located in the west-central part of the state of Coahuila, Mexico, near the Coahuila-Chihuahua state border approximately 200 kilometers south of the Big Bend of the Rio Grande River. The Sierra Mojada Project site is situated to the south of the village of Esmeralda, on the northern side of a major escarpment that forms the northern margin of the Sierra Mojada range. The principal mining area extends for approximately five kilometers in an east-west direction along the base of the precipitous, 1,000-meter-high Sierra Mojada Range. The Sierra Mojada Project comprises over 20 concessions consisting of approximately 6,496 hectares (about 16,052 acres). The Sierra Mojada concessions contain a mineral system which can be separated into two distinct zones: a silver-rich zone and a zinc-rich zone.