GoldnBoy replied the topic: Silver Bull Resources TSX:SVB OTC:SVBL
Stock has been showing some strength since these results while most in the sector are churning.
Looking at the chart, appears next move higher has begun. OBV is strong, this stock is under heavy accumulation
Gambler replied the topic: Silver Bull Resources TSX:SVB OTC:SVBL
More great results yesterday
Mr. Tim Barry reports
SILVER BULL INTERSECTS 10 METERS OF SULPHIDE MINERALIZATION GRADING 347G/T SILVER, 20.7% ZINC, 1.35% LEAD & 1.25% COPPER, ON THE SIERRA MOJADA PROJECT, COAHUILA, MEXICO
Silver Bull Resources Inc. has provided results of the final three drill holes from the first zone of the underground drill program targeting the newly discovered sulphide zone, which sits under the previously defined oxide zone on the Sierra Mojada project in Coahuila, northern Mexico.
Highlights from the three holes announced in this news release include:
The Sulphide Zone: A continuous underground channel sampling program conducted by Silver Bull during the month of August 2017 identified a series of east-west trending high angle structure hosting sulphide mineralization (announced in a news release on 11 September 2017). Results from the continuous channel sampling program yielded 31.5 meters grading at 22.36% zinc, 134.5g/t silver, 2.05% lead, 0.21% copper and 10.5 meters @ 432g/t silver, 1.15% zinc, 0.05% lead, and 1.22% copper and is the target of the current drill program.
The Drill Program: For the drill program Silver Bull is utilizing a company owned Termite drill rig which aims to test the grade, thickness, and continuity of the sulphide mineralization identified by the channel sampling program. The Termite is capable of drilling up to 100 meters of NQ diamond core and five drill stations are presently planned with more expected to be added as the drill program progresses.
Tim Barry, President, CEO and director of Silver Bull states, "We have identified two distinct zones of high grade sulphide mineralization that are 4 to 5 meters in width and trend in a roughly E-W direction. Our recent drilling has extended these two zones to over 150 meters each along strike. The zone to the north is dominated by high grade silver, up to 1,300g/t and high grade copper up to 3.3%, whilst the zone to the south has, in addition to high grade silver and copper, high grade zinc grading over 20%. This is interpreted to represent a zonation of metals in the deposit. In addition to the area recently drilled we have opened up an additional 350 meters of historical workings along the east-west trend of the sulphide mineralization which was announced in January 2018. This channel sampling program clearly shows the continuation of high grade mineralization towards the west. Our underground geological mapping of this area shows a number of high angle structures up to 2 meters wide containing sulphide mineralization grading up to 1,300 grams per ton silver, 42% zinc, 18% lead, and 13% copper that appear to feed into the overlying oxide zone. This will be the next target of our drill program in this area".
alexgreat replied the topic: Silver Bull Resources TSX:SVB OTC:SVBL
More nice drill numbers
2018-01-31 07:15 ET - News Release
Mr. Tim Barry reports
SILVER BULL INTERSECTS 17 METERS OF SULPHIDE MINERALIZATION GRADING 301G/T SILVER & 1.75% COPPER, INCLUDING 4 METERS AT 502G/T SILVER AND 2.14% COPPER, ON THE SIERRA MOJADA PROJECT, COAHUILA, MEXICO
Silver Bull Resources Inc. has provided results of five drill holes from its continued underground drill program targeting the newly discovered sulphide zone, which sits under the previously defined oxide zone on the Sierra Mojada project in Coahuila, northern Mexico.
Highlights from the five holes announced in this news release include:
Hole T17013 -- 17 metres at 301 grams per tonne silver and 1.75 per cent copper including four metres at 502 g/t silver and 2.14 per cent copper;
Hole T17014 -- 7.1 metres at 163 g/t silver and 0.57 per cent copper and 1.7 metres at 197 g/t silver and 1.27 per cent copper; hole hit historical workings and was terminated;
Hole T17015 -- one metre at 312 g/t silver and 1.83 per cent copper at 67 metres at the end of the hole; hole hit historical workings and was terminated.
The sulphide zone
A continuous underground channel sampling program conducted by Silver Bull during the month of August, 2017, identified a series of east-west-trending high-angle structure hosting sulphide mineralization (announced in a news release on Sept. 11, 2017). Results from the continuous channel sampling program yielded 31.5 metres grading at 22.36 per cent zinc, 134.5 g/t silver, 2.05 per cent lead, 0.21 per cent copper and 10.5 metres at 432 g/t silver, 1.15 per cent zinc, 0.05 per cent lead, 1.22 per cent and are the targets of the current drill program.
The drill program
Silver Bull is utilizing a company-owned Termite drill rig which aims to test the grade, thickness and continuity of the sulphide mineralization identified by the channel sampling program. The Termite is capable of drilling up to 100 metres of NQ diamond core and five drill stations are presently planned with more expected to be added as the drill program progresses.
ASSAYS FOR THE HOLES
Hole ID Hole length From To Interval Ag Cu
(m) (m) (m) (m) (g/t) (%)
Tim Barry, president, chief executive officer and director of Silver Bull, stated: "We are very pleased with the continued excellent results from our underground drill program in the sulphide zone. The high-grade silver-copper mineralization seems to be hosted along favourable bedding horizons that have been steepened by an overlying thrust fault. Both the thrust fault and the favourable bedding horizons can be traced for over five kilometres along the entire deposit and suggests there is significant potential to expand the high-grade silver-copper mineralization by targeting these geological features. In addition recent channel samples in two new zones of very high-grade zinc sulphide mineralization grading up to 30 per cent zinc identified in recently reconditioned underground workings sit along trend to the west of the current drill program (announced Jan. 10, 2018) and suggest significant scope to expand high-grade zinc mineralization into this areas. Work is currently under way to identify drill pads to target these areas. Continued results from the drill program are expected out over the next month."
Hoss replied the topic: Silver Bull Resources TSX:SVB OTC:SVBL
Cloud chart still positive and in an uptrend but most indicators signaled over bought when it hit 26 so no surprise of a pull back or correction. Support is now at 20, so would try bids around 20 and 21
CIMA replied the topic: Silver Bull Resources TSX:SVB OTC:SVBL
Silver Bulls Should Be Bullish on Silver Bull
Nov 9, 2017
Recently I did an interview and the interviewer asked me what was cheap and why was it cheap. I pondered for a moment and came up with platinum and silver. When pressed for reasons my response was to say, “Who needs a reason? Something is either cheap or it is not. You don’t need a reason to invest other than it’s cheap.”
We may sell for any one of ten thousand reasons. We need a new BMW. We need to eat this weekend. The baby is sick. It’s time for a vacation. But there is only one reason to buy. That’s because we think the price will go up. What better time to buy than when something is cheap?
We all know that prices go up and prices go down. We don’t really know why but why would we need to? It’s the nature of all investments. They go up and they go down. At some point they become absurdly cheap and at another they become ludicrously expensive. Why would we need a reason? Doesn’t that just complicate a pretty simple issue?
My opinion is that we have too many gold and silver bulls if you measure sentiment via speculator longs in both commodities. And I do. We need a washout to clear the decks before the next bull storm.
I’ve noticed that for the last few years, we have tended to have a bottom twice a year, in late June, early July and the typical tax loss silly season at the end of the year from mid-December into the New Year. I think we are due for a low about then and then we go higher.
In the interview I was asked what was cheap. For certain both platinum and silver are cheap relative to almost anything but especially gold and palladium. There aren’t many platinum stocks in a safe country that I follow so if you like platinum, you are pretty much stuck with buying the physical metal.
But I did come across a silver stock that I wrote about years ago that was a hell of a deal then and absurdly cheap today with right at an ounce of silver per share, twenty three pounds of zinc per share, four ounces of copper and an additional two pounds of lead. All for a dime a share. That’s a hell of a deal. The company is Silver Bull Resources. (SVB-T)
Silver Bull has a giant silver/lead/zinc project in Mexico. I suspect that the only reason they haven’t been bought out is because most of the deposit is an oxide material and companies are far more comfortable with sulfide ores. In any case they have an absurd market cap given the 43-101 resource in M&I of 91 million ounces of silver, 4.7 billion pounds of zinc, 56 million pounds of copper 393 million pounds of lead.
To the extent that I understand the reluctance of investors to buy into an oxide silver/lead/zinc story because of the processing issues, I don’t understand the lack of response to the barn burning drill results released recently from sulfide material.
Channel sample results released in late August showed silver as high as 1.13 kg per ton, 22% zinc, 3.26% lead and 12.8% copper. The in the ground value of that rock is $2284 and economic under any conditions. But channel samples don’t trump drill core. A month ago Silver Bull began to release the numbers from the first underground drill program for this year showing 294 g/t silver and 0.96% copper over 25.5 meters. That’s a still respectable $226 per ton in the ground.
In the interview just completed, we talked about what was absurdly overpriced and agreed that Tesla, Bitcoin and the S&P were all overpriced. Tesla dropped from $330 to about $300 before he could even post the interview. The S&P is a bubble in search of a handy pin and when a shit for brains company adds the words “block chain” to their name and goes up 396% as a result, you have every fool in the world fully invested in the bitcoin scam.
Not far off the results from Novo Resources and De Grey and others in the Karratha region of Western Australia are going to light up the resource market. I see that in as early as December and as late as January. Silver is going to run and eager investors are going to step up to the lottery machine and start dropping in their quarters to buy silver lottery tickets. Silver Bull is a great silver/lead/zinc story and will become very popular.
Silver Bull is an advertiser. Do your own due diligence, please.
Silver Bull Resources
SVB-T $0.11 (Nov 08, 2017)
SVBL-NYSE 200 million shares
Silver Bull website