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January 10, 2013
08:11 EDTSVBLSilver Bull says extremely bullish on fundamentals for silver, zinc
In Q1 2013 Silver Bull will release its 4th NI43-101 resource update on the project, which will include drill results from the 2012 underground twinning program. The objective of the program was to twin approximately 15% of the historic 2,700 long hole data set that equated to 39,000 meters in order to increase the confidence of this data. Management deemed this to be a very important program as the data defines a high grade silver and a high grade zinc zone, each with a strike of over 1.5km, expected to add considerable ounces and an increase in grade to the resource. Based on the updated resource report figures, management will proceed to complete the maiden Preliminary Economic Assessment on the Sierra Mojada project in Q3 2013. Sierra Mojada remains a project with significant upside potential. The company says "We at Silver Bull remain extremely bullish on the fundamentals for both silver and zinc. The world's financial troubles are not likely to go away anytime soon and silver (along with gold) will continue to be a haven for wealth preservation. Furthermore, with the imminent closing of a number of major zinc mines expected in the next 3 years, coupled with both a lack of new zinc mines coming on line to replace this lost production and an expected increase in zinc demand we see a tightening in the zinc supply over the short to medium term."
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