Silver Bull Resources, Inc. (TSX: T.SVB, Stock Forum) said it has received drill results for the second of five batches of drill holes from the underground drill program twinning a series of "long holes" in the high grade zinc zone situated below and adjacent to the high grade silver zone, located at the eastern end of the Shallow Silver Zone.
The Sierra Mojada project, located 150 kilometers north of the city of Torreon in Coahuila, is highly prospective for silver and zinc.
According to the Silver Bull Resources press release, high grade zinc highlights from the second batch of 22 drill holes included hole T12136 which intersected 40.30 meters grading 10.83% zinc, including 23.25 metres at 16.67% zinc and hole T12129 which intersected 43.00 meters grading 9.58% zinc, including 4.05 metres at 17.03% zinc and 3.1 metres of 17.33% zinc.
The twinning drill program concluded in mid December 2012 and the company is awaiting final assay results from the lab at ALS Chemex in North Vancouver, Canada.
Complete results from the 2012 twinning program will be incorporated in an updated NI43-101 resource estimate on the Shallow Silver Zone and Zinc Zone, scheduled for release in the first quarter of 2013.
Silver Bull is a mineral exploration company focused on its flagship Sierra Mojada project in Mexico.
On Thursday 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 $0.60 and $0.36 respectively.