Silver Bull Resources, Inc. (TSX: T.SVB, Stock Forum) said it has received the drill results for the seventh batch of drill holes from the underground drill program at the eastern end of the Shallow Silver Zone on the Sierra Mojada Project in Northern Mexico.
The flagship Sierra Mojada project is located 150 kilometers north of the city of Torreon in Coahuila and is highly prospective for silver and zinc.
According to the Silver Bull Resources press release, highlights from the seventh batch of 11 drill holes included hole T12062 that intersected 43.65 meters grading 193.3 grams per tonne silver and hole T12063 that intersected 20.0 meters grading 124.2 grams per tonne silver.
On Oct. 8, Silver Bull also began expanding the underground drill program with an additional 2,000 meters in the high-grade zinc zone, which sits adjacent to and below the silver mineralization.
Silver Bull is a mineral exploration based out of Vancouver, Canada.
On Wednesday morning, Silver Bull was trading at $0.46 a share. The company has a market cap of $62.6 million, based on 136.2 million shares outstanding. The 52-week high and low was $0.70 and $0.41 respectively.