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December 17, 2013
05:18 EDTSVBLSilver Bull clarifies PEA disclosure
Silver Bull Resources announced that as a result of a review by the British Columbia Securities Commission, or BCSC, Silver Bull is issuing the following news release to clarify its disclosure. As a result of comments raised by the BCSC in its review of the company's November 12, Preliminary Economic Assessment, or PEA, the company will file within the next 5 days an amended technical report titled "Preliminary Economic Assessment on the Sierra Mojada Project Coahuila, Mexico" dated December 16. The Amended PEA was prepared by JDS Energy and Mining of Vancouver, British Columbia. The changes reflected in the Amended PEA include the following: The resource estimate for the Sierra Mojada Project has been restated in the Amended PEA to an indicated silver-zinc resource only, with no copper and lead grades. The PEA previously reported the indicated silver-zinc resource together with an inferred copper-lead resource. The section entitled "Sources of Information" has been revised in the Amended to remove the reference to the authors relying upon previously filed reports. As the economic analysis in the PEA was prepared using only the indicated silver-zinc resource, none of the economics stated in the PEA will change in the Amended PEA.
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