Silver Bull Resources TSX:SVB OTC:SVBL

Been dead here, we now have our spin out shares of Arras Minerals

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Sep 29, 2021, 6:44 PM (14 hours ago)

to me

Silver Bull and Arras Minerals Appoint Darren Klinck as President

VANCOUVER, British Columbia, Sept. 29, 2021 (GLOBE NEWSWIRE) -- Silver Bull Resources, Inc. (OTCQB: SVBL, TSX: SVB) (“Silver Bull”) and Arras Minerals Corp. (“Arras”) are pleased to announce the appointment of Darren Klinck to both companies as President, effective October 1, 2021. Mr. Klinck will also be joining the Board of Directors of Arras.

Mr. Klinck is an accomplished mining executive with considerable management experience throughout Australasia & The Americas. He was most recently President & CEO of Bluestone Resources, following the acquisition of the Cerro Blanco gold project in Guatemala in 2017, where he led the team that financed and advanced the project through resource expansion, feasibility and engineering phases of project development.

He also spent more than ten years with OceanaGold as a member of the Executive Committee that achieved significant growth and business expansion to become a multi-mine, international gold mining company, growing from a market capitalization of less than C$100M to one greater than C$3B.

Over the past 20 years, Darren has been instrumental in negotiating both equity and debt financing packages totaling more than $800m and has significant experience leading teams in emerging markets with a strong focus on Corporate Social Responsibility (CSR) and community engagement programs, as well as extensive government relations activities.

Mr. Klinck has a Bachelor of Commerce degree from the Haskayne School of Business at The University of Calgary. He is a Director of ValOre Metals Corp and Gold Basin Resources Corp.

Mr. Klinck commented, “I look forward to working closely with Tim and the team as we advance from a solid base already in place in Mexico at Silver Bull but also as we begin to emerge with Arras in Kazakhstan. The team has done a terrific job through this challenging global pandemic to evaluate opportunities focusing on high-quality geological potential in jurisdictions that welcome mineral development. The significant opportunity established in Kazakhstan by Arras over the past year has positioned the company to be an early mover in one of the few copper-gold belts remaining globally that has not benefitted from significant modern exploration and focus. Pleasingly, Beskauga is already a significant deposit in its own right and provides a solid base from which to build on in the future within a country that is the most advanced economy in Central Asia; has recently modernized their mining regulations based on Western Australian code; and is now seeing new entrants comprising of the largest players in our industry.”

Anyone still here. Silver Bull won the court case. Drilling should start again soon

2021-03-31 14:15 ET - News Release


Mr. Tim Barry reports

SILVER BULL WINS LAWSUIT IN MEXICO

Silver Bull Resources Inc. has won a definitive and conclusive decision in its favour in a lawsuit filed by a local mining co-operative called Minera Nortenos in relation to the Sierra Mojada project. The decision was made by the unanimous vote of three judges in the third Federal Circuit Court of Chihuahua.

Tim Barry, president, chief executive officer and director of Silver Bull, states: "This ruling is welcomed, but not unanticipated. This is the fourth time that the courts have ruled in our favour on this issue. Unfortunately, we believe the plaintiff, Minera Nortenos, was manipulated and ill advised by legal and other advisers. Our legal team in Mexico is to be commended for patiently making progress in the face of numerous tactics to delay a judgement on the merits of the case.

"Despite the fact that the company has at all times proceeded in accordance with the law, the Sierra Mojada project remains under an illegal blockade manned by a small group of radical members from within Minera Nortenos. We believe their actions do not represent the view of the vast majority of the Minera Nortenos members and wider local community, and we are working with authorities to resolve the situation in a safe, fair and timely manner. We remain committed to good faith dialogue with selected members from Minera Nortenos to find a solution that facilitates the resumption of the drilling program halted by the blockade more than one year ago.

"We are optimistic we will find a solution to the blockade and look forward to continuing our exploration program with our exploration partner, South32 Ltd. Sierra Mojada remains one of the largest undeveloped silver-zinc projects in Mexico. The silver-zinc mineralization sits largely at surface and is open pittable and has excellent infrastructure close by. These types of deposits are rare."

South32's option

In June, 2018, Silver Bull signed an agreement with a wholly owned subsidiary of South32 whereby Silver Bull granted South32 an option to form a 70/30 joint venture with respect to the Sierra Mojada project. To maintain the option in good standing, South32 must contribute minimum exploration financing of $10-million (U.S.) during a four-year option period with minimum aggregate exploration financing of $3-million (U.S.), $6-million (U.S.) and $8-million (U.S.) to be made by the end of years one, two and three of the option period, respectively. South32 may exercise its option to subscribe for 70 per cent of the shares of Minera Metalin SA De CV, the wholly owned subsidiary of Silver Bull which holds the claims in respect of the Sierra Mojada project, by contributing $100-million (U.S.) to Metalin for project financing, less the amount of the initial funding contributed by South32 during the option period.

Despite the blockade, South32's option remains in good standing but is under a force majeure pause.

I know what you mean. I heard Pepsi and Coke have pulled out of Mexico because of extortion on shipments

Yes Gambler, I believe the same, pure extortion in another disguise. If Mexico doesn’t get a handle on this epidemic, who the hell will want to invest down there. Investing isn’t like it used to be, even the games played in our own markets. We all take risks with these type of ventures, but when curve balls are coming at you/projects from every angle, in forms of manipulation or extortion, I sometimes wonder why the hell I'm doing this??

Seems blockades at mines in Mexico is becoming more common. Torex had a problem about a year ago. Probably another way of extortion

Newmont Goldcorp (NYSE: NEM) (TSX: NGT) confirmed on Wednesday the lifting of an almost four-week illegal blockade affecting its Peñasquito gold-silver mine in Mexico, which will cost the operation thousands of tonnes in terms of lost output.

The world’s No. 1 gold miner said operations remained temporarily halted at the northern Zacatecas mine, but noted it was working closely with the federal and state governments toward a sustainable, long-term solution.

The civil action, one of the many affecting the mine over the past three years, is expected to hinder production of 11,000 ounces of gold, 1.7 million silver ounces, 13.7 million pounds of lead and 22.8 million pounds of zinc from Peñasquito’s third-quarter production, the company said.

Later the same month, Mexican President Andres Manuel López Obrador accused some of the protest leaders of seeking money rather than legitimate social goals. He asked the parties involved in the dispute to resolve their differences.

www.mining.com/penasquito-blockage-to-wi...ions-still-suspended

Market book looks pretty even

More great drill numbers and in a new area or new discovery

Silver Bull drills 13.25 m of 9.05% Zn at Sierra Mojada

2019-07-29 07:18 ET - News Release


Mr. Tim Barry reports

SILVER BULL MAKES NEW DISCOVERY AND INTERCEPTS 13.25 METERS OF MASSIVE SULPHIDE GRADING 9.05% ZINC, 2.12% LEAD AND 16G/T SILVER, INCLUDING 5.85 METERS GRADING 11.93% ZINC, 2.83% LEAD AND 24G/T SILVER IN COAHUILA, MEXICO

Silver Bull Resources Inc. has provided results from an additional five drill holes on the Sierra Mojada project in Coahuila, northern Mexico.

Highlights from the holes announced in this news release include:

Hole B19005: 13.25 metres of massive sulphide mineralization grading 9.05 per cent zinc, 2.12 per cent lead and 16 grams per tonne silver, including 5.85 metres at 11.93 per cent zinc, 2.83 per cent lead and 24 g/t silver from 75.75 metres;
Hole B19004: 0.87 metre of massive sulphide mineralization grading 8.14 per cent zinc, 1.83 per cent lead and 27 g/t silver from 46.23 metres;
Hole B19006: 0.85 metre of massive sulphide mineralization grading 7.25 per cent zinc, 1.20 per cent lead, 195 g/t silver and 0.13 per cent copper from 129.85 m.
The drill program

Under a joint venture option agreement with South32 Ltd., Silver Bull is conducting an initial 8,000-metre surface drill program targeting a series of possible sulphide extensions at depth to the main deposit, as well as a series of never-before-tested targets within the wider area.

For drilling, the company is using Major Drilling De Mexico SA de CV to initially target four historic mining areas within the property, three of which have never been drilled.

Tim Barry, president, chief executive officer and director of Silver Bull, stated: "Four of the five holes announced in this news release are focused within the Palomas Negros area. This is a historical mining area that lies nine kilometres to the west of the main deposit at Sierra Mojada. The Palomas Negros area has never been assessed with modern exploration techniques and has long been recognized as an exciting target to be followed up. Work is ongoing to fully understand the controls on the mineralization at Palomas Negros, but to get a high-grade intercept over 13.25 metres in a first pass drill pass drill program is very encouraging, especially so close to surface."

2019-05-01 09:19 ET - News Release

SOUTH32 MAINTAINS OPTION ON THE SIERRA MOJADA PROJECT

Silver Bull Resources Inc. has received notice from South32 that it wishes to maintain its option on the Sierra Mojada project by financing an additional $3-million (U.S.) in exploration. This will result in aggregate financing of $6-million (U.S.) at the completion of the second year of the joint venture option described below.

Silver Bull has a drill program under way on the project and a full update will be released to the market shortly.

South32 joint venture option: In June, 2018, Silver Bull signed an agreement with a wholly owned subsidiary of South32 whereby Silver Bull has granted South32 an option to form a 70/30 joint venture with respect to the Sierra Mojada project. To maintain the option in good standing, South32 must contribute minimum exploration financing of $10-million (U.S.) during a four-year option period with minimum aggregate exploration financing of $3-million (U.S.), $6-million (U.S.) and $8-million (U.S.) to be made by the end of years one, two and three of the option period respectively. South32 may exercise its option to subscribe for 70 per cent of the shares of Minera Metalin SA de CV, the wholly owned subsidiary of Silver Bull which holds the claims in respect of the Sierra Mojada project, by contributing $100-million (U.S.) to Metalin for project financing, less the amount of the initial financing contributed by South32 during the option period.

Another junior at lows and a good buy

Hit 26 this morning, for sure in another up move

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

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:

Hole T17023 {A –} 10 meters @ 347g/t silver, 20.7% zinc, 1.25% copper, and 1.35% lead. Hole T17024 {A –} 3 meters @ 303g/t silver, 20.1% zinc, 1.53% copper, and 1.18% lead. Hole T17025 {A –} 1 meters @ 127g/t silver, 21.1% zinc, 0.29% copper, and 3.14% lead.

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.

Hole IDHole Length (m)From (m)To (m)Intercept length (m)Ag (g/t)Zn (%)Cu (%)Pb (%)
T17023 20.8 0 10 10 347 20.7 1.25 1.35
T17024 21.45 0 3 3 303.7 20.1 1.53 1.18
T17025 35.55 0 1 1 127 21.1 0.29 3.14

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".