Nov 1 2011
Silver Bull Resources, Inc. has provided the results of 4 holes which have intersected a new zone of silver mineralization parallel to the "Shallow Silver Zone".
Highlights include;
- The first four drill holes into the new zone have hit extensive silver oxide mineralization with intercepts up to 133.45m thick and an average grade between 54-63g/t silver.
- The new zone is hosted along the "Centenario Fault", a buried structure which cross cuts a thick dolomite sequence
- The new zone lies approximately 300m to the north of the "Sierra Mojada Fault" which hosts the main body of the "Shallow Silver Zone".
- The mineralized zone defined so far in the new discovery has an east-west strike of 170m and a north-south strike of 60m and remains open in the east, west, south and north directions.
* Intervals shown are mineralized lengths of core and are not necessarily true widths.
The new zone of mineralization is hosted along the "Centenario Fault", a buried east-west trending structure which lies 300m to the north of, and runs parallel to, the "Sierra Mojada" fault -- which hosts the main body of the "Shallow Silver Zone". Like the "Shallow Silver Zone", a thick dolomite unit appears to be the favorable host rock for the mineralization, particularly when immediately adjacent to the fault. The dolomite unit which hosts this new mineralization sits below the dolomite unit which hosts the "Shallow Silver Zone" in the stratigraphic sequence at Sierra Mojada and provides a new and completely untested horizon for mineralization in the future.
Although the mineralization starts below 100m it is important to note that all 4 holes fall within the surface projection of a conceptual silver Whittle pit outline provided by SRK Consulting (Canada) Inc. in their resource report update of the "Shallow Silver Zone" described below. This means that if this portion of the "Shallow Silver Zone" were mined by open pit, a significant portion of the overburden from this new zone of mineralization would be removed.
Tim Barry, President, CEO and director of Silver Bull states, "Full credit for this new discovery must go to the team onsite led by Jason Cunliffe. This is a very significant new discovery at Sierra Mojada and considering the grade and thickness of these intercepts it has the potential to add to the silver mineralization already defined at the project. Going forward in the immediate term, this new zone combined with the step out drilling targeting the "at surface" silver mineralization currently underway at the western end of the "Shallow Silver Zone" gives us two very viable targets from which we can potentially add to the silver resource in our next resource report update expected during the first half of 2012."
Source: www.silverbullresources.com