Silver Bull Receives Water Permits for Flagship Sierra Mojada Silver-Zinc Project, Coahuila, Mexico
25 Febbraio 2014 - 2:00PM
Marketwired
Silver Bull Receives Water Permits for Flagship Sierra Mojada
Silver-Zinc Project, Coahuila, Mexico
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 25, 2014) -
Silver Bull Resources, Inc. (TSX:SVB)(NYSEMKT:SVBL) ("Silver Bull")
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 (and available for download at
www.silverbullresources.com), 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.
Tim Barry, President and CEO of Silver Bull, states, "This is
another major step forward for the project. One of the major
killers of projects in dry regions can often be access to enough
water; we do not have this problem at Sierra Mojada. Hydrological
studies completed on the area clearly indicate that there is
sufficient water available to support our operations as well as
future growth for nearby communities as a result of the jobs we
create in the region. This is yet another key milestone to de-risk
this project and advance it forward."
About Silver Bull: Silver Bull is a US registered mineral
exploration company listed on both the NYSEMKT and TSX stock
exchanges and based out of Vancouver, Canada. The company's
flagship "Sierra Mojada" project is located 150 kilometers north of
the city of Torreon in Coahuila, Mexico, and is highly prospective
for silver and zinc. Silver Bull also has 2 mineral licenses in
Gabon, Central Africa, which are prospective for gold, manganese,
and iron ore.
On behalf of the Board of Directors
Tim Barry, MAusIMM
Chief Executive Officer, President and Director
Cautionary note regarding forward-looking statements:
This news release contains forward-looking statements regarding
future events and Silver Bull's future results that are subject to
the safe harbors created under the U.S. Private Securities
Litigation Reform Act of 1995, the Securities Act of 1933, as
amended (the "Securities Act"), and the Securities Exchange Act of
1934, as amended (the "Exchange Act"), and applicable Canadian
securities laws. Forward-looking statements include, among others,
the sufficiency of water available for the Sierra Mojada project.
These statements are based on current expectations, estimates,
forecasts, and projections about Silver Bull's exploration
projects, the industry in which Silver Bull operates and the
beliefs and assumptions of Silver Bull's management. Words such as
"expects", "anticipates", "targets", "goals", "projects",
"intends", "plans", "believes", "seeks", "estimates", "continues",
"may", variations of such words, and similar expressions and
references to future periods, are intended to identify such
forward-looking statements. Forward-looking statements are subject
to a number of assumptions, risks and uncertainties, many of which
are beyond our control, including such factors as the results of
exploration activities and whether the results continue to support
continued exploration activities, unexpected variations in ore
grade, types and metallurgy, volatility and level of commodity
prices, the availability of sufficient future financing, and other
matters discussed under the caption "Risk Factors" in our Annual
Report on Form 10-K for the fiscal year ended October 31, 2013, and
our other periodic and current reports filed with the SEC and
available on www.sec.gov and with the Canadian securities
commissions available on www.sedar.com. Readers are cautioned that
forward-looking statements are not guarantees of future performance
and that actual results or developments may differ materially from
those expressed or implied in the forward-looking statements. Any
forward-looking statement made by us in this release is based only
on information currently available to us and speaks only as of the
date on which it is made. We undertake no obligation to publicly
update any forward-looking statement, whether written or oral, that
may be made from time to time, whether as a result of new
information, future developments or otherwise.
Silver Bull Resources, Inc.Matt HallaranInvestor Relations+1 604
336 8096info@silverbullresources.comwww.silverbullresources.com
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