Feb 26 2014
Silver Bull Resources, Inc. is pleased to announce it has been granted water permits to access water of up to 3,500,000 cubic meters per annum for use on its Sierra Mojada Project in Coahuila, Mexico.
The National Water Commission of Mexico ("CONAGUA"), an agency of the Ministry of Environment and Natural Resources, has granted 6 permits to a subsidiary of Silver Bull for water wells with capacity to draw up to 3,500,000m3 annually from the regional aquifer.
The Preliminary Economic Assessment on the Sierra Mojada project, filed November 15, 2013, outlined an 8,500 tonne per day mill throughput operation with an estimated annual industrial water requirement for 2,000,000m3 and annual potable water requirement of 500,000m3, resulting in an estimated total annual regional water requirement of 2,500,000m3.
A hydrological report commissioned by Silver Bull in November 2012 shows the Sierra Mojada project sits on the edge of the Laguna del Ray Aquifer which covers an estimated area of 3,097km2 and can easily accommodate the water requirements for the project.
Source: http://www.silverbullresources.com