SVB:TSX; SVBL:NYSE.MKT

Silver Bull Resources Inc.

Silver Bull Resources Inc. is a Canada-based mineral exploration company engaged in exploring and developing the "Sierra Mojada" located in Coahuila, Mexico. The project is 100% owned and operated by Silver Bull Resources and is part of a large land package consisting of 20 mining concessions totalling 4,715 hectares (11,651 acres), located in a historical high-grade silver, lead, zinc mining district discovered in 1879. The project has an NI-43-101 compliant measured and indicated Global resource of 58.7 million tonnes grading at 3.6% zinc and 50 g/t silver for 4.670 billion pounds of zinc and 90.8 million ounce of silver.
SVB:TSX SVBL:NYSE.MKT

Expert Comments:

A major partnership with an Australian mining and metals company that is funding exploration is paying off with a large increase in the resource estimate this explorer released.
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The results will help inform the upcoming drill program design.
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Ron Struthers, Struthers Resource Stock Report

(6/5/18)
"Huge news with Silver Bull on Monday is an example of money coming into exploration. Silver Bull announced a US$100 million JV with mining giant South32 who must spend that amount to earn 70% in the Sierra Mojado project, Mexico. To earn their 70% option, South32 must contribute minimum exploration funding of US$10 million in the first four years with at least $3 million in year one. South32 may exercise its option at any time to buy 70% of Minera Metalin (Silver Bull's Mexican subsidiary) by contributing $US100 million, less an amount of the Initial Funding contributed by South32 during the option period. Once $100 million has been spent both parties will revert to funding their portion of project. Should South32 elect not to continue with the project at any point during the initial 4 year option period, the project will return 100% to Silver Bull."

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Experts Following This Company

headshot of Bob Moriarty
Bob Moriarty, Author – 321 Gold
headshot of Ron Struthers
Ron Struthers, Editor Struthers Resource Stock Report

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