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Silver Bull Resources Inc SVBL


Primary Symbol: T.SVB

Metals & Mining Industrial Metals & Minerals
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.


TSX:SVB - Post by User

Silver Bull Resources Inc
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Comment by LondonInveston Jul 29, 2019 8:32am
298 Views
Post# 29969578

RE:New Mine Intercept is Worth $271/ton!

RE:New Mine Intercept is Worth $271/ton!

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. 
 

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