This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Silver Bull Resources, Inc. Letter To Shareholders

Stocks in this article: SVBL

Project Update

During 2011 the company completed approximately 40,000m of surface drilling at Sierra Mojada targeting the Shallow Silver Zone. In addition to the continued expansion of the Shallow Silver Zone the team onsite also made the "Centenario Zone" discovery, a zone of silver mineralization with numerous intercepts over 100 meters in length and containing shorter intervals grading up to 417g/t silver lying approximately 300 meters to the north of the Shallow Silver Zone. Much of the 18,000 meter surface drill program in 2012 has focused on better defining the Centenario Zone, however a number of exploratory holes testing the extensions to the Shallow Silver Zone have also been drilled this year. This has led to another new discovery of a structurally controlled massive sulphide zone. The extent of this zone has not yet been determined and remains an exciting exploration target for the near future. 

On July 6, 2012 the company filed an updated NI43-101 Technical Report – our third on the project in just over a year. SRK Consulting Ltd. ( Canada) "SRK" defined a silver resource at the Shallow Silver Zone of 72.1Moz silver + 997Mlbs zinc in the Measured & Indicated categories and 10.4Moz silver + 108Mlbs zinc in the Inferred category.  This represented a 39% increase in the open pittable silver resource from the previous NI43-101 update released in November 2011.

SRK also reported an additional "zinc exploration target" ranging between 4 million tonnes grading 8.4% zinc and 6 million tonnes grading 8.0% zinc which sits directly below and adjacent to the Shallow Silver Zone. 

One of the results of the latest NI43-101 report was the severe restrictions placed on the 2,700 historical long holes and 10,000 historical channel samples by SRK due to the potential for sample contamination by this style of sampling. This is significant as the long holes and the channel samples appear to define a 500 meter long "high grade" silver zone and a 1,500 meter long "high grade" zinc zone at the eastern end of the deposit that is not fully reflected in the current resource estimate.

2 of 6

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,888.10 +83.30 0.47%
S&P 500 2,070.45 -0.20 -0.01%
NASDAQ 4,768.4630 +3.0830 0.06%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs