Silver Bull Resources Slips 3%; Updates on Sierra Mojada Silver Project

By Staff,

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Silver Bull Resources Inc. ( SVBL ) is down more than 3% after reporting results from the seventh batch of drill holes that formed part of the underground drill program at its Sierra Mojada project in northern Mexico.

High grade silver results from the most recent batch of 11 drill holes included 43.65 meters at 193.3 grams per tonne (g/t) silver, including 15 meters at 440.66 g/t silver and 5 meters at 241 g/t silver in hole T12062.

Other results included 20 meters at 124.2 g/t silver, including 4.1 meters at 346.6 g/t silver in hole T12063, and 17.2 metres at 97.00 g/t silver in hole T12064. The company said mineralization also remains open in the north, south, east and west directions.

SVBL is trading at $0.46 in a 52-week range of $0.39 - $0.70. Shares have fallen 27% in the last 12 months.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: SVBL

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